News Archives for Business & Finance - 2025-08-27

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Business & Finance - 2025-08-27

Technology

Apple makes radio push amid tough music streaming competition, WSJ reports

Apple will distribute its curated radio stations on a global network of home speakers and connected cars, in a push...

Published 27 Aug, 2025 07:55pm

Stocks

TSX scales new peak, lifted by robust bank earnings

Canada’s main stock index hit a fresh record high on Wednesday as investors cheered strong quarterly results from...

Published 27 Aug, 2025 07:48pm

Stocks

Wall Street mixed in countdown to Nvidia results; tech valuations in focus

The main U.S. stock indexes were mixed on Wednesday as investors took a breather ahead of Nvidia’s earnings, which...

Published 27 Aug, 2025 07:44pm

Companies

TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources say

HONG KONG: ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will...

Published 27 Aug, 2025 07:42pm

South Asia

India says knock-on impact of US tariffs poses economic challenges

NEW DELHI: The immediate impact of U.S. tariffs on Indian exports appears limited, but the ripple effects on the...

Updated 27 Aug, 2025 08:01pm

Stocks

Gulf bourses end mixed on US Fed independence concerns

Stock markets in the Gulf ended mixed on Wednesday as concerns persisted about the U.S. Federal Reserve’s...

Published 27 Aug, 2025 06:25pm

Commodities

Wheat down 5-6 cents, corn down 1-2, soy steady-down 1

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago...

Published 27 Aug, 2025 06:19pm

Stocks

Sri Lanka shares drift higher as IT stocks buoy

CSE All Share index settled up 0.78% to 20,773.69

Published 27 Aug, 2025 05:10pm

Commodities

Robusta coffee hits three-month high, cocoa edges higher

LONDON: Robusta coffee futures rose to a three-month high on Wednesday as U.S. roasters scrambled to secure supplies...

Published 27 Aug, 2025 04:54pm

Business & Finance

Pakistan plans return to international capital markets amid improved ratings, says Aurangzeb

Finance minister says he, alongside Prime Minister Shehbaz Sharif, to visit China next week

Updated 27 Aug, 2025 10:53pm

Middle East

Qatar’s Al Mansour commits to invest $20 billion in Mozambique

MAPUTO: Qatari investment firm Al Mansour Holding has signed a $20 billion partnership agreement with Mozambique to...

Published 27 Aug, 2025 04:51pm

South Asia

Indian textiles, jewellery slapped with 50% Trump tariff; pharma, phones exempt

NEW DELHI: The United States has doubled tariffs on Indian imports to as much as 50% as scheduled on Wednesday,...

Published 27 Aug, 2025 04:43pm

Companies

India steelmakers seek near-sevenfold rise in met coke import quota amid supply crunch

NEW DELHI: Indian steel producers have called on the government to sharply raise import quotas for low-ash...

Published 27 Aug, 2025 04:33pm

Energy

India hopeful US will review extra 25% tariff for Russian oil purchases, Indian government source says

NEW DELHI: India is hopeful that the U.S. will review the additional 25% tariff imposed on Indian goods as penalty...

Published 27 Aug, 2025 04:30pm

Commodities

Copper breaks four sessions of gains on firmer dollar and China worries

LONDON: Copper slipped on Wednesday, breaking four sessions of gains, weighed down by a stronger dollar, rising...

Published 27 Aug, 2025 04:27pm

Commodities

Palm rises on US tariff exemption for Indonesia, slow demand caps gains

KUALA LUMPUR: Malaysian palm oil futures inched higher on Wednesday, rebounding after a two-day drop, supported by...

Published 27 Aug, 2025 04:23pm

Cotton & Textile

Pakistan Textile Council warns of disruption over EFS amendments

The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, has raised strong concerns over...

Updated 27 Aug, 2025 11:36pm

Commodities

Gold price per tola gains Rs1,000 in Pakistan

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

Published 27 Aug, 2025 03:03pm

Energy

Experts sceptical of Trump’s claim of ‘massive’ oil reserves in Pakistan: Bloomberg

Despite renewed interest from major US companies in Pakistan’s energy sector, industry experts have cast doubt on...

Updated 27 Aug, 2025 10:53pm

Business & Finance

CCP seeks ban on online marketplace Temu

The Competition Commission of Pakistan (CCP) has asked the Pakistan Telecommunication Authority (PTA) to ban Chinese...

Updated 27 Aug, 2025 11:33pm

Energy

Pakistan plans to use solar to power Gwadar Port

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, on Wednesday said that efforts are underway...

Published 27 Aug, 2025 02:18pm

Energy

India’s Russian oil gains wiped out by Trump’s tariffs

NEW DELHI: India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war...

Published 27 Aug, 2025 01:40pm

Stocks

European shares rise after selloff as focus shifts to Nvidia results

European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors bought...

Published 27 Aug, 2025 01:35pm

Business & Finance

Pakistan to extend maximum facilitation for Japanese investors, says PM

Prime Minister Shehbaz Sharif assured that the government will extend all possible facilities to Japanese investors...

Updated 27 Aug, 2025 10:54pm

Business & Finance

Shadab Textile Mills appoints Saad Naseem as chairman

Shadab Textile Mills Limited (SHDT) announced on Wednesday the appointment of Saad Naseem as its chairman. The...

Published 27 Aug, 2025 01:12pm

Stocks

Banks, miners lead Aussie shares higher, Woolworths, Wisetech cap rise

Australian shares climbed on Wednesday, driven by miners and banks, although gains were capped by losses in...

Published 27 Aug, 2025 12:38pm

Forex

Australian dollar gets only fleeting help from high CPI

SYDNEY: The Australian dollar edged up briefly on Wednesday after a surprisingly high reading on consumer prices...

Published 27 Aug, 2025 12:28pm

Markets

China’s industrial profits fall 1.7% in January-July

BEIJING: Profits at China’s industrial firms dipped 1.7% in the first seven months of 2025 from the same period last...

Published 27 Aug, 2025 12:17pm

Markets

Domino’s Australian franchise operator swings to first annual loss, shares fall 21%

Domino’s Pizza Enterprises posted its first annual loss on Wednesday since going public two decades ago, triggering...

Published 27 Aug, 2025 12:05pm

Markets

Goldman Sachs expects Brent to decline to low $50s by late 2026

Goldman Sachs expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026...

Published 27 Aug, 2025 11:56am

Commodities

Turkiye lowers tariff for raw sunflower oil imports to 30%, Official Gazette shows

ISTANBUL: Turkiye lowered the tariff for raw sunflower oil imports from 36% to 30% and extended a window for reduced...

Published 27 Aug, 2025 11:54am

Markets

SNB’s Martin strikes cautious note on prospect of negative rates

ZURICH: The bar is higher for the Swiss National Bank to move interest rates into negative territory than it would...

Published 27 Aug, 2025 11:51am

Mutual Funds

Philippines raises $618mn from T-bond offer

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2028 and 2050...

Published 27 Aug, 2025 11:48am

Markets

Volkswagen boss Blume looks to give up dual role as Porsche CEO, WiWo magazine reports

BERLIN: Oliver Blume is looking to step down from his CEO position at Porsche AG to focus on his role as head of...

Published 27 Aug, 2025 11:45am

Mutual Funds

Long-dated JGB yields hit record highs after ‘weak’ BOJ purchase operation

TOKYO: Long-dated Japanese government bond yields pushed to a fresh all-time high on Wednesday after what analysts...

Published 27 Aug, 2025 11:43am

Markets

Philippine central bank says changes timing of policy decision announcements

MANILA: The Philippine central bank said on Wednesday it will begin announcing monetary policy decisions through its...

Published 27 Aug, 2025 11:37am

Stocks

South Korean shares flat as investors await Nvidia, BOK decision

The benchmark KOSPI was up 2.19 points, or 0.07%, at 3,181.55

Published 27 Aug, 2025 11:35am

Forex

China’s yuan hits near 10-month high on strong guidance fix, dollar struggles

SHANGHAI: China’s yuan briefly hit its highest in nearly 10 months against the dollar on Wednesday, underpinned by...

Published 27 Aug, 2025 11:33am

Stocks

China stocks rise as AI sector takes the lead

HONG KONG: Chinese shares rose on Wednesday as investors piled into artificial intelligence-related stocks after the...

Published 27 Aug, 2025 11:32am

Commodities

Palm opens higher on weak ringgit, weak rival oils cap rise

KUALA LUMPUR: Malaysian palm oil futures opened higher on Wednesday, as the market rebounded after a two-day slide,...

Published 27 Aug, 2025 11:31am

Stocks

Japan’s Nikkei rises ahead of Nvidia’s outlook, Advantest leads gains

TOKYO: Japan’s Nikkei share average rose on Wednesday, lifted by gains in Nvidia supplier Advantest, as investors...

Published 27 Aug, 2025 11:30am

Commodities

Iron ore rangebound as rising supply offsets firm near-term demand

BEIJING: Iron ore prices were rangebound on Wednesday as growing supply offset solid near-term demand for the...

Published 27 Aug, 2025 11:29am

Commodities

London copper edges higher on China export boost, but firm dollar caps gains

Three-month copper contract on the London Metal Exchange edged higher on Wednesday, supported by a pickup in Chinese...

Published 27 Aug, 2025 11:26am

Exchange

Pakistani rupee registers 14th successive gain against US dollar

Currency settles at 281.83 against greenback

Updated 27 Aug, 2025 09:07pm

Stocks

PSX sheds over 900 points as flood concerns grip investors

A volatile session was observed at the Pakistan Stock Exchange (PSX), as investors entered a panic mode in the...

Updated 27 Aug, 2025 10:24pm

Technology

Empowering generations: ELFA and Atom Power partner with NED to promote green tech

KARACHI: In a landmark collaboration to promote sustainable mobility and energy independence, ELFA and Atom Power...

Updated 27 Aug, 2025 01:42pm

Markets

Gold eases as dollar firms, but Fed turmoil limits losses

Spot gold was down 0.2% at $3,384.49 per ounce

Published 27 Aug, 2025 08:21am

Forex

Dollar weak as investors fret about Fed independence

The euro steadied at $1.1638, while sterling was similarly little changed at $1.3478

Published 27 Aug, 2025 08:15am

Energy

Oil ticks up on US crude stocks drop, impact of US tariffs on India

Brent crude futures were up 43 cents, or 0.6%, at $67.65 a barrel

Updated 27 Aug, 2025 08:55pm

Stocks

Asia stocks steady ahead of Nvidia; investors wary over Fed independence

SINGAPORE: Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape...

Published 27 Aug, 2025 08:10am

Companies

H1 CY2025: SCB posts Rs32.9bn PBT

KARACHI: Standard Chartered Bank (Pakistan) Limited reported a resilient financial performance for the first half of...

Published 27 Aug, 2025 07:26am

Industry

Fakt Exhibitions signs MoU with PPMA

KARACHI: Fakt Exhibitions (Pvt) Ltd. and Pakistan Plastic Manufacturers Association (PPMA) have signed a MoU for the...

Published 27 Aug, 2025 07:24am

Companies

Shell V-Power launched in Pakistan

KARACHI: Wafi Energy Pakistan, the exclusive licensee of Shell fuels and lubricants in the country, has introduced...

Published 27 Aug, 2025 07:22am

Companies

National Foods maintains steady export growth

LAHORE: Amidst Pakistan’s food export sector experiencing challenges in expanding globally, National Foods has...

Published 27 Aug, 2025 07:10am

Energy

ERM framework modernisation: SSGC inks contract with FAMCO

KARACHI: Sui Southern Gas Company (SSGC) has signed a contract with FAMCO Associates in a step towards modernizing...

Published 27 Aug, 2025 07:06am

Business & Finance

SECP-licensed entities asked to display digital payment solutions

ISLAMABAD: In line with the national vision to promote a cashless economy and strengthen Pakistan’s digital...

Published 27 Aug, 2025 07:05am

Money & Banking

Dollar weakens against major peers

NEW YORK: The dollar weakened against major currencies on Tuesday as President Donald Trump’s unprecedented move ...

Published 27 Aug, 2025 06:13am

Business & Finance

Sharp surge in prices of various medicines

ISLAMABAD: The prices of a broad spectrum of medicines have surged sharply in recent months, threatening to put...

Published 27 Aug, 2025 06:13am

Business & Finance

Establishment of Bank of Balochistan announced

In a meeting...

Published 27 Aug, 2025 06:13am

Business & Finance

PM launches Pakistan’s New Energy Vehicle Policy 2025-30

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday unveiled a national electric vehicle policy –Pakistan’s New...

Updated 27 Aug, 2025 06:49am

Business & Finance

PVARA discusses key steps for its functioning

ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) board on Tuesday discussed key steps to...

Published 27 Aug, 2025 06:13am

Business & Finance

PM seeks to reform ‘corrupt’ customs

ISLAMABAD: In a bid to reform one of the country’s most corruption-prone institutions, Prime Minister Shehbaz...

Published 27 Aug, 2025 06:13am

Money & Banking

Impending Trump tariff hike pushes Indian rupee down

MUMBAI: The Indian rupee continued its losing streak for a fifth consecutive session on Tuesday as Washington...

Published 27 Aug, 2025 06:13am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
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 7	3.63

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
Gold 10 Grams PKR / Jun 5	401,012
Crude Oil USD/Barrel / Jun 8	94.86
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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