News Archives for Business & Finance - 2025-08-26

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Business & Finance - 2025-08-26

Companies

Apple to hold fall event on September 9, new iPhones expected

Apple said on Tuesday it would host its annual fall event on September 9, when the company is expected to unveil new...

Published 26 Aug, 2025 09:42pm

Business & Finance

CM Bugti okays establishment of Bank of Balochistan to drive provincial growth

In a significant move aimed at bolstering economic development in Balochistan, Chief Minister Sarfraz Bugti approved...

Published 26 Aug, 2025 08:28pm

Technology

Trump Media, Crypto.com announce deal to form crypto treasury firm

Trump Media & Technology Group and Crypto.com have said they plan to launch a company that will implement a...

Published 26 Aug, 2025 08:15pm

Money & Banking

Fed’s credibility is an asset whose decline could be costly

WASHINGTON: The Federal Reserve may have been late raising interest rates as inflation surged in 2021, but measures...

Published 26 Aug, 2025 08:13pm

Money & Banking

India urges banks to tighten checks over ‘high risk’ fund flows from Pakistan

NEW DELHI: The Reserve Bank of India (RBI) has asked the country’s lenders to increase scrutiny over funds flowing...

Updated 26 Aug, 2025 06:57pm

Money & Banking

Trump takes his Fed fight to unprecedented level with effort to fire Cook

NEW YORK/WASHINGTON: U.S. President Donald Trump has taken his feud with the Federal Reserve to an unprecedented...

Updated 26 Aug, 2025 09:19pm

Commodities

Pakistan bought initial 30,000 tons sugar in tender, traders say

HAMBURG: Pakistan’s state trading agency TCP has purchased an initial 30,000 metric tons of white sugar in an...

Published 26 Aug, 2025 03:26pm

Commodities

Gold price per tola gains Rs900 in Pakistan

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local...

Updated 26 Aug, 2025 05:56pm

Currency

Pakistan’s virtual asset authority weighs withdrawing SBP’s crypto ban

The Pakistan Virtual Assets Regulatory Authority (PVARA), in its first board meeting on Tuesday, deliberated on...

Published 26 Aug, 2025 02:40pm

Stocks

European shares fall on French political risks, Fed independence concerns

European shares dropped on Tuesday, led by losses in France as the country’s minority government looked increasingly...

Published 26 Aug, 2025 02:00pm

Business & Finance

Customs clearance: AI-based risk management system to be activated soon

Pakistan is set to roll out artificial intelligence (AI)-based risk management systems in its customs clearance...

Updated 26 Aug, 2025 03:21pm

Markets

General Motors to recall over 23,500 US vehicles over fuel leak issue, NHTSA says

General Motors is recalling more than 23,500 Chevrolet Corvette vehicles in the U.S over a fuel leak issue, the...

Published 26 Aug, 2025 12:58pm

Commodities

Mercedes-Benz offloads Nissan stake for $325 million, source says

TOKYO: The pension trust of German automaker Mercedes-Benz has sold its stake in Japan’s Nissan Motor for 47.83...

Published 26 Aug, 2025 12:56pm

Commodities

Thailand aims to meet this year’s rice export target by focusing on strong markets, official says

BANGKOK: Thailand is hoping to meet its rice export target of 7.5 million metric tons this year by seeking more...

Published 26 Aug, 2025 12:03pm

Stocks

South Korean shares fall on profit taking after US summit; shipbuilders drop

SEOUL: Round-up of South Korean financial markets: South Korean shares fell on Tuesday, as investors booked profit...

Published 26 Aug, 2025 12:02pm

Forex

China’s yuan steady on strong fix

The spot yuan opened at 7.1530 per dollar and was last trading at 7.1558

Published 26 Aug, 2025 11:49am

Forex

Australia, NZ dollars caught in cross currents as Trump causes waves

SYDNEY: The Australian and New Zealand dollars were left hesitant on Tuesday as a looming threat to the independence...

Published 26 Aug, 2025 11:47am

Stocks

Fortescue profit slump pressures Aussie shares; Coles shines

Australian shares edged lower on Tuesday, weighed down by miners after Fortescue posted its smallest annual profit...

Published 26 Aug, 2025 11:45am

Mutual Funds

India bonds dip before state debt sale, 10-year yield at 5-month high

MUMBAI: Indian government bonds extended losses on Tuesday, with the benchmark bond yield spiking to a five-month...

Published 26 Aug, 2025 11:43am

Markets

Gold hits 2-week high as dollar dips after Trump fires Fed’s Cook

Gold rose to a two-week high on Tuesday, as the dollar slipped after US President Donald Trump said he was removing...

Published 26 Aug, 2025 11:41am

Stocks

Japan’s Nikkei touches 2-week low as yen gains after Trump fires Fed’s Cook

TOKYO: Japan’s Nikkei share average fell to a two-week low on Tuesday, as the yen strengthened after US President...

Published 26 Aug, 2025 11:37am

Pakistan

‘We are barely surviving’: delay in Karachi’s Karimabad underpass project takes toll on nearby businesses

KARACHI: Faisal Sami, a women’s clothing retailer in the heart of Karimabad, Karachi, has seen his business crumble...

Updated 26 Aug, 2025 05:43pm

Agriculture and Allied

State vs private land: where should corporate farming take place?

Progressive farmers in Pakistan believe corporate farming can benefit the country and increase the value of private...

Published 26 Aug, 2025 11:21am

Commodities

Palm slips on weaker Dalian palm olein

Soyoil prices on the Chicago Board of Trade were down 0.09%

Published 26 Aug, 2025 11:03am

Exchange

Pakistani rupee sees 13th consecutive gain against US dollar

Currency settles at 281.86 against greenback

Updated 26 Aug, 2025 09:28pm

Stocks

Profit-taking erases intra-day gains, KSE-100 Index sheds nearly 400 points

A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index losing nearly...

Updated 26 Aug, 2025 11:46pm

Energy

Circular debt plan: OGDCL receives Rs7.73bn second interest payment

Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest E&P firm, has received the second interest...

Published 26 Aug, 2025 09:31am

Forex

Indian rupee braces for US tariff storm, Trump-fuelled dollar decline offers no respite

The 1-month non-deliverable forward indicated the rupee will open in the 87.64 to 87.68 range versus the US dollar

Published 26 Aug, 2025 08:20am

Stocks

India’s stock benchmarks may open lower on US tariff concerns

Gift Nifty futures were trading at 24,914.5 points

Published 26 Aug, 2025 08:17am

Markets

Trump says he is firing Fed’s Cook over mortgage loan allegations

NEW YORK/WASHINGTON: US President Donald Trump on Monday said he was firing Federal Reserve Governor Lisa Cook, over...

Published 26 Aug, 2025 08:14am

Stocks

Asian stocks down after Trump Fed firing, tariff threats

HONG KONG: Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald...

Updated 26 Aug, 2025 01:30pm

Energy

Oil falls 2% from highest in almost 3 weeks, focus on Russian supply risks

Brent crude down $1.28, or 1.9%, at $67.52 a barrel

Updated 26 Aug, 2025 09:27pm

Forex

Dollar drops after Trump fires Fed’s Cook

Against the yen, the dollar was traded at 147.18 yen , 0.4% stronger compared to late U.S. levels

Published 26 Aug, 2025 05:32am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	278.60
USD PKR Interbank Buying / Jun 8	278.40
USD to Japanese Yen / Jun 8	160.04
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 8	3.62

Stock	Volume
S&P 500 / Jun 5	7,383.74
Nasdaq / Jun 5	25,709.43
Dow Jones / Jun 5	50,866.78
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,325.11
Germany DAX 30 / Jun 8	24,522.58
France CAC40 / Jun 8	8,152.50

Item	Value
Crude Oil USD/Barrel / Jun 8	94.86
Gold 10 Grams PKR / Jun 8	386,987
Gold Spot USD/Ounce / Jun 8	4,292.04
Cotton US¢/pound / Jun 8	78.21
Petrol/Litre / Jun 9	377.78
Diesel/Litre / Jun 9	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67

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