News Archives for Business & Finance - 2025-08-28

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Business & Finance - 2025-08-28

Business & Finance

Senate sub-committee slams NHA over awarding contracts to ‘blacklisted company’

The sub-committee of the Senate Standing Committee on Communications criticised on Thursday the National Highway...

Published 28 Aug, 2025 10:53pm

Business & Finance

Pakistan explores Russian collaboration for insulin manufacturing

Pakistan is exploring avenues of collaboration with Russia to locally manufacture insulin, as a high-level meeting...

Published 28 Aug, 2025 10:35pm

Business & Finance

Committee formed to oversee implementation of new Industrial Policy, says Haroon Akhtar

Special Assistant to Prime Minister (SAPM) on Industries and Production Haroon Akhtar said on Thursday a committee...

Published 28 Aug, 2025 10:23pm

Stocks

Nasdaq edges down as Nvidia falls on China market uncertainty

The tech-heavy Nasdaq slipped in choppy trade on Thursday, constrained by weakness in Nvidia shares, as uncertainty...

Published 28 Aug, 2025 07:56pm

Stocks

TSX retreats from all-time high on profit-taking

Canada’s main stock index gave up early gains to trade lower on Thursday, despite strong results from TD Bank and...

Published 28 Aug, 2025 07:51pm

Business & Finance

SBP-held foreign exchange reserves rise by $18 million to $14.27bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $18 million to $14.27 billion during the...

Published 28 Aug, 2025 07:50pm

Companies

A new crypto dawn as US President Trump’s Truth Social enters crypto space with two hot crypto ETF listings

On July 7, the US Securities and Exchange Commission (SEC) acknowledged Truth Social’s filing of a dual...

Published 28 Aug, 2025 07:49pm

USA

US Fed Governor Lisa Cook sues Trump over move to fire her

WASHINGTON: US Federal Reserve Governor Lisa Cook filed a lawsuit Thursday to challenge Donald Trump’s move to fire...

Published 28 Aug, 2025 07:28pm

Stocks

Most Gulf markets retreat ahead of US economic data

Most stock markets in the Gulf ended lower on Thursday, ahead of the U.S. economic data that could clarify the...

Published 28 Aug, 2025 06:27pm

Commodities

Wheat down 3-4 cents, corn steady-down 1, soy mixed

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

Published 28 Aug, 2025 06:24pm

Companies

India’s NALCO to invest $3.43 billion to build smelter, coal power plant

NEW DELHI: National Aluminium Company (NALCO) will invest a total of 300 billion rupees ($3.43 billion) in a new...

Published 28 Aug, 2025 06:20pm

Business & Finance

CCP says it reduced court pendency by 50%, imposed Rs1bn fines in a year

The Competition Commission of Pakistan (CCP) said on Thursday it had halved its court pendency and recovered...

Published 28 Aug, 2025 06:12pm

Companies

Ford recalls nearly 500,000 vehicles over brake fluid leak

Ford Motor is recalling nearly 500,000 vehicles in the U.S over a brake fluid leak issue, the National Highway...

Published 28 Aug, 2025 05:29pm

Middle East

ADNOC to sell 3% stake in logistics and services unit via bookbuild offering

DUBAI: The United Arab Emirates state oil company ADNOC is selling an around 3% stake in its logistics and services...

Published 28 Aug, 2025 05:25pm

Commodities

Asia rice: Vietnam rates hit near eight-month peak as supply tightens

Vietnam’s rice export prices hit an eight-month high this week as supplies tightened, while Indian prices held...

Published 28 Aug, 2025 05:16pm

Markets

India’s small businesses scramble to cushion blow from Trump’s 50% tariffs

MUMBAI: Tens of thousands of Indian small businesses are scrambling to find new buyers in markets across Europe,...

Published 28 Aug, 2025 05:12pm

Financial

India’s 10-year bond yield logs biggest drop in 15 weeks on technical buying

MUMBAI: Indian government bond yields dropped on Thursday, with the 10-year bond yield posting its steepest decline...

Published 28 Aug, 2025 05:06pm

Commodities

Robusta coffee turns lower after touching three-month high

LONDON: Robusta coffee futures turned lower on Thursday after hitting a three-month peak, though prices remained...

Published 28 Aug, 2025 05:02pm

South Asia

US tariffs to worsen India solar panel glut as domestic bidding slows

SINGAPORE/NEW DELHI: High U.S. tariffs and potential anti-dumping duties on Indian solar panel exports will...

Published 28 Aug, 2025 04:52pm

Sports

India faces first legal challenge against online money games ban

NEW DELHI: Indian gaming company A23 has challenged the government’s ban on online money-based games, a legal filing...

Published 28 Aug, 2025 04:48pm

Financial

Indian firms tap bond market for acquisitions on mutual fund demand

MUMBAI: Indian firms are increasingly tapping the bond market to fund acquisitions, with at least three planning to...

Published 28 Aug, 2025 04:43pm

Companies

SC clubs TRG Pakistan shareholder dispute with defamation case

In a Supreme Court hearing on 26th August related to shareholder disputes at PSX-listed TRG Pakistan, a three-member...

Updated 28 Aug, 2025 06:54pm

Forex

Indian rupee snaps losing streak against weak dollar despite tariff pressure

MUMBAI: The Indian rupee advanced on Thursday after five straight sessions of logging losses, as a weaker dollar and...

Published 28 Aug, 2025 04:31pm

Energy

India’s Russian oil imports set to rise in September in defiance of US

India has become the biggest buyer of Russian oil supplies that were displaced by Western sanctions after Moscow invaded Ukraine in 2022

Updated 28 Aug, 2025 10:20pm

Companies

India’s industrial output rises 3.5% year-on-year in July

NEW DELHI: India’s industrial output grew 3.5% year-on-year in July, government data showed on Thursday. Economists...

Published 28 Aug, 2025 04:24pm

Stocks

Indian stock benchmarks extend losses on US tariff blow

India’s equity benchmarks fell for a second straight session on Thursday, pressured by mounting concerns about the...

Published 28 Aug, 2025 04:20pm

Stocks

Communication services, IT lift Sri Lankan shares

CSE All-Share index settled up 0.23% at 20,800.26

Published 28 Aug, 2025 04:18pm

Commodities

Copper drifts higher on increased risk appetite after Nvidia results

LONDON: Copper prices edged higher on Thursday as appetite for risky assets rose after results from Nvidia reassured...

Published 28 Aug, 2025 04:15pm

Commodities

Palm falls tracking weaker soyoil prices

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday, pressured by weaker soyoil prices, while likely trade...

Published 28 Aug, 2025 04:13pm

Business & Finance

Govt approves Rs30.2bn grant for closure of Utility Stores Corporation

The Economic Coordination Committee (ECC) of the cabinet on Thursday approved a technical supplementary grant of...

Published 28 Aug, 2025 03:10pm

Business & Finance

Stop buying Russian oil, don’t fund ‘Modi’s war’, US warns India

White House trade adviser Peter Navarro once again pressured India to halt its purchases of Russian oil, accusing...

Published 28 Aug, 2025 02:35pm

Stocks

European shares rise as Nvidia’s outlook eases AI slowdown fears

European shares climbed on Thursday, as Nvidia’s strong results quelled worries over weakening AI demand, although...

Published 28 Aug, 2025 01:55pm

Stocks

Major Gulf markets ease ahead of US economic data

Major stock markets in the Gulf fell in early trade on Thursday ahead of US economic data that could clarify the...

Published 28 Aug, 2025 01:53pm

Markets

Pakistan’s national shipping carrier adds two Aframax-class tankers

Pakistan National Shipping Corporation (PNSC), the country’s national flag carrier, has expanded its fleet from 10...

Published 28 Aug, 2025 01:42pm

Commodities

India extends cotton import duty exemption amid US tariff pressure

NEW DELHI: India has extended an import duty exemption on cotton by three months, until the end of December, a...

Published 28 Aug, 2025 01:36pm

Bullion Rate

Gold price per tola gains Rs900 in Pakistan

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

Updated 28 Aug, 2025 06:45pm

Business & Finance

Floods could strain Pakistan’s economy and disrupt food supplies, warns finance ministry

Recent trade deal with US expected to boost exports, says monthly outlook

Published 28 Aug, 2025 01:03pm

Companies

Mehran Sugar Mills initiates winding up of Mehran Energy Limited

Mehran Sugar Mills Limited (MRNS) announced on Thursday that it had initiated the winding up procedure of its wholly...

Published 28 Aug, 2025 12:43pm

Commodities

Palm slips tracking weaker soyoil prices

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday, tracking weaker soyoil prices, while likely trade...

Published 28 Aug, 2025 11:38am

Business & Finance

Toyota’s July sales rise for seventh month on strong North America, China EV demand

TOKYO: Toyota Motor’s global sales rose in July for a seventh consecutive month, anchored by robust demand in North...

Published 28 Aug, 2025 11:36am

Mutual Funds

India bonds flat ahead of weekly debt supply

MUMBAI: Indian government bonds were steady in early trading on Thursday, with traders largely on the sidelines...

Published 28 Aug, 2025 11:35am

Business & Finance

Thai July factory output drops 4% y/y, weaker than forecast

BANGKOK: Thailand’s manufacturing production index fell 3.98% in July from a year earlier, the industry ministry...

Published 28 Aug, 2025 11:29am

Forex

China’s yuan steady on firmer fix and upbeat stock sentiment

SHANGHAI: China’s yuan held steady against the US dollar on Thursday, underpinned by the strongest official guidance...

Published 28 Aug, 2025 11:26am

Stocks

China stocks rebound after Shanghai’s steepest drop since April; Hong Kong extends losses

SHANGHAI: Mainland China stocks rebounded on Thursday, after the Shangahai benchmark posted its steepest daily drop...

Published 28 Aug, 2025 11:24am

Forex

Australian dollar hits six-month high on kiwi as rate outlook diverges

SYDNEY: The Australian dollar hit a fresh six-month high on the kiwi on Thursday as investors bet on diverging rate...

Published 28 Aug, 2025 11:22am

Stocks

Japan’s Nikkei recoups losses as Nvidia’s strong forecast lifts sentiment

TOKYO: Japan’s Nikkei share average reversed early losses to trade higher on Thursday, as investors awaited Wall...

Published 28 Aug, 2025 11:20am

Stocks

Australian shares flat ahead of US inflation data; Qantas surges after strong results

Australian shares were largely unchanged on Thursday, as investors awaited key US inflation data due on Friday to...

Published 28 Aug, 2025 11:19am

Commodities

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

The deadline for submission of price offers is September 8

Published 28 Aug, 2025 11:17am

Stocks

KSE-100 closes marginally lower after range-bound trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower on Thursday after witnessing...

Updated 28 Aug, 2025 07:32pm

Currency

Pakistani rupee records 15th concecutive gain against US dollar

Currency settles at 281.8 against US dollar

Updated 28 Aug, 2025 09:20pm

Companies

Pakistan’s TPL Trakker expands to Africa with project in Chad

Trakker Middle East LLC, an associated company of TPL Trakker Limited (TPLT), has secured its first African project...

Published 28 Aug, 2025 09:42am

Technology

Desktop computers sales in Pakistan surge by 90% during April-June: report

KARACHI: Pakistan witnessed a record increase in desktop computers sales that surged by 90% in the second quarter of...

Updated 28 Aug, 2025 05:55pm

Bullion Rate

Gold holds ground as investors await US data for more Fed cues

Spot gold held its ground at $3,390.27 per ounce

Published 28 Aug, 2025 08:32am

Forex

Fed rate cut hopes, RBI support shield rupee from US tariff drag

Most Asian currencies rose, supported by bets on a Fed rate cut next month

Published 28 Aug, 2025 08:30am

Markets

Trump’s doubling of tariffs hits India, damaging ties

A punitive 25% tariff, imposed due to India's purchases of Russian oil

Published 28 Aug, 2025 08:26am

Markets

South Korea keeps rates unchanged as debt risks grow

SEOUL: South Korea’s central bank held policy interest rates steady for a second straight review on Thursday, amid...

Published 28 Aug, 2025 08:20am

Stocks

India’s stock benchmarks set to open lower as punitive US duties take effect

Gift Nifty futures were trading at 24,665.5 points

Published 28 Aug, 2025 08:16am

Markets

Nvidia CEO says AI boom far from over

SAN FRANCISCO: Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial...

Published 28 Aug, 2025 08:13am

Forex

Dollar on defensive as September Fed cut bets ramp up

TOKYO: The dollar started Thursday on the back foot as traders added to bets for a Federal Reserve interest rate...

Published 28 Aug, 2025 08:09am

Energy

Oil ticks lower as end of driving season looms, Druzhba restarts

Brent crude futures were down 11 cents, or nearly 0.2%, to $67.94

Updated 28 Aug, 2025 09:16pm

Stocks

Asia markets waver, Nvidia drops after earnings beat

MSCI's broadest index of Asia-Pacific shares outside Japan swung between gains and losses, and was last down 0.2%

Published 28 Aug, 2025 05:50am

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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