News Archives for Business & Finance - 2025-09-02

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Business & Finance - 2025-09-02

Business & Finance

CCP recovers Rs495m in ICH case from PTCL, Link Dot Net

The Competition Commission of Pakistan (CCP) has recovered Rs495 million in penalties from Long Distance...

Published 02 Sep, 2025 05:36pm

Companies

Haball announces successful go-live of Unilever, CCI, and Colgate-Palmolive on FBR digital e-invoicing

Haball proudly announces the successful go-live of Unilever Pakistan, Coca-Cola İçecek (CCI) Pakistan, and...

Published 02 Sep, 2025 04:55pm

Business & Economy

Pakistan’s trade deficit surges 30% YoY to $2.9bn in August 2025

Country’s trade balance, gap between exports and imports, was recorded at a deficit of $2.20bn in August 2024

Published 02 Sep, 2025 03:58pm

Business & Finance

Kazakhstan eyes to use Pakistan’s ports as transit hubs for Central Asia

Pakistan has proposed joint ventures at Karachi and Gwadar ports to enhance maritime cooperation with Kazakhstan....

Published 02 Sep, 2025 03:10pm

Commodities

Gold price remains stable at Rs370,700

Gold prices in Pakistan remained stable on Tuesday after setting a record high the previous day. In the local...

Published 02 Sep, 2025 02:50pm

Business & Finance

Pakistan’s GDP to grow 3.25-4.25% in FY26, says SBP governor

Governor State Bank of Pakistan (SBP), Jameel Ahmad, on Tuesday said that Pakistan’s economy is positioned on a more...

Updated 02 Sep, 2025 02:57pm

Commodities

Petroleum sales in Pakistan rise 6% MoM to 1.3mn tons in August

Sale of total petroleum products in Pakistan clocked in at 1.3 million tons in August, an increase of 6%...

Published 02 Sep, 2025 11:56am

Stocks

Australian shares dip as broad sector losses offset gains in miners, gold stocks

Australian shares slipped on Tuesday, pressured by losses across nearly all sectors, which outweighed gains in...

Published 02 Sep, 2025 11:55am

Markets

ECB’s Schnabel calls for steady rates as economy holds up in face of tariffs

FRANKFURT: The European Central Bank should keep interest rates steady as the euro zone economy is holding its own...

Published 02 Sep, 2025 11:51am

Forex

China’s yuan slips from 10-month high on weaker fixing guidance

HONG KONG: China’s yuan eased from a near 10-month high against the US dollar on Tuesday, as the central bank set a...

Published 02 Sep, 2025 11:50am

Markets

Indonesia’s central bank wants rupiah to trade around 16,300 a dollar, governor says

JAKARTA: Indonesia’s central bank has been guiding the rupiah to a stronger level and will try to get it to trade...

Published 02 Sep, 2025 11:49am

Markets

Nestle investors face fresh turbulence as another CEO ousted over affair with subordinate

ZURICH: Nestle investors were pitched back into choppy waters on Tuesday after the Swiss food giant changed its CEO...

Updated 02 Sep, 2025 01:20pm

Markets

Tesla gets around 600 orders since India launch, Bloomberg News reports

Tesla has received orders for just over 600 cars since launching sales in India in mid-July, a number that has...

Published 02 Sep, 2025 11:46am

Energy

Gazprom, CNPC sign agreement to increase gas supplies to China, RIA reports

MOSCOW: Russia’s Gazprom and China National Petroleum Corporation signed an agreement to increase annual gas...

Published 02 Sep, 2025 11:36am

Mutual Funds

Philippines awards $530mn worth of T-bonds at auction

Tenders total 66.7 billion pesos

Published 02 Sep, 2025 11:33am

Mutual Funds

Saudi Arabia starts selling two-part sukuk

Saudi Arabia has started taking bids for two-tranche US dollar denominated Islamic bond or sukuk sales with 5-year...

Published 02 Sep, 2025 11:32am

Forex

Australia, NZ dollars run out of puff, economies not much fitter

SYDNEY: The Australian and New Zealand dollars took a breather on Tuesday after four straight sessions of gains,...

Published 02 Sep, 2025 11:31am

Mutual Funds

Benchmark JGBs rally after auction shows strong demand

TOKYO: Japan’s benchmark government bonds (JGBs) rallied on Tuesday after an auction of the debt saw the strongest...

Published 02 Sep, 2025 11:30am

Stocks

Tech shares drag China, HK stocks lower

SHANGHAI: China and Hong Kong stocks slipped on Tuesday, weighed down by technology shares, as investors locked in...

Published 02 Sep, 2025 11:29am

Energy

Sixth LNG tanker loads cargo from Russia’s Arctic LNG 2, data shows

SINGAPORE: A liquefied natural gas (LNG) tanker loaded a cargo from Russia’s sanctioned Arctic LNG 2 project last...

Published 02 Sep, 2025 11:23am

Commodities

Palm rises more than 1% on stronger rival oils, crude oil

KUALA LUMPUR: Malaysian palm oil futures opened more than 1% higher on Tuesday as trading resumed after a long...

Published 02 Sep, 2025 11:21am

Commodities

Wheat drops 1% on supply pressure; corn, soybeans ease

SINGAPORE: Chicago wheat slid nearly 1% for the first time in three sessions on Tuesday, with ample supply from the...

Published 02 Sep, 2025 11:20am

Stocks

Japan’s Nikkei gains, led by department stores on sales reports

TOKYO: Japan’s Nikkei share average edged higher on Tuesday after a two-session slide, led higher by department...

Published 02 Sep, 2025 11:19am

Markets

China’s possible rebate cut could increase solar panel prices in Pakistan

The cost of importing solar panels from China to Pakistan is expected to rise, as China may cancel the rebate on...

Updated 02 Sep, 2025 12:52pm

Exchange

Pakistani rupee sees 18th successive gain against US dollar

Currency settles at 281.72 against the greenback

Updated 02 Sep, 2025 08:53pm

Stocks

Stocks surge, KSE-100 Index settles near 151,000

The Pakistan Stock Exchange (PSX) maintained its upward momentum on Tuesday, with the benchmark KSE-100 Index...

Updated 02 Sep, 2025 04:23pm

Stocks

Dollar weak on rate outlook, gold hits record high

Japan's Nikkei rose 0.39% after dropping more than 1% on Monday

Published 02 Sep, 2025 08:39am

Forex

Indian rupee set for slight lift after respite, but US tariff risks linger

The 1-month non-deliverable forward indicated the rupee will open in the 88.10 to 88.14 range versus the US dollar

Published 02 Sep, 2025 08:35am

Stocks

India’s stock benchmarks set to open higher; focus on tax council meet

India’s equity benchmarks are expected to open higher on Tuesday, building on last session’s gains, as investors bet...

Published 02 Sep, 2025 08:33am

Markets

Gold hits record high as US rate-cut hopes, softer dollar boost appeal

Spot gold was up 0.5% at $3,492.26 per ounce

Published 02 Sep, 2025 08:31am

Energy

Oil rises as Ukraine war stokes supply worries, market eyes prospects of Fed easing

Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between...

Updated 02 Sep, 2025 02:00pm

Forex

Dollar under pressure as traders return after Labor Day break

SINGAPORE: The US dollar made a limp recovery in early Asian trade after days of selling, ahead of the U.S. markets...

Published 02 Sep, 2025 08:25am

Business & Finance

Aurangzeb meets Hongta Securities chief

BEIJING: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held an important meeting on Monday ...

Published 02 Sep, 2025 07:49am

Industry

Pakistani delegation meets BD businessmen

DHAKA: The Trade Development Authority of Pakistan (TDAP), in collaboration with the Embassy of Pakistan in Dhaka,...

Published 02 Sep, 2025 07:26am

Industry

Governor launches LCCI’s Directory 2025

LAHORE: In a significant move to bolster Pakistan’s business landscape, Governor Punjab Sardar Saleem Haider...

Published 02 Sep, 2025 07:21am

Energy

Report reveals significant expansion in country’s hydrocarbon reserves

KARACHI: A new report reveals a significant expansion in Pakistan’s hydrocarbon reserves, driven primarily by...

Published 02 Sep, 2025 07:20am

Companies

1LINK notified as designated payment system

KARACHI: The State Bank of Pakistan (SBP) has notified 1LINK (Private) Limited as a Designated Payment System (DPS)...

Published 02 Sep, 2025 07:18am

Companies

‘Shark 6’ edition: BYD earns 5-star ANCAP safety ranking

KARACHI: BYD, the world’s no.1 new energy vehicles (NEVs) manufacturer, has earned the prestigious 5-star ANCAP...

Published 02 Sep, 2025 07:16am

Business & Finance

KCCI, GPCCI sign MoU to cultivate direct, effective trade ties

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and Greek-Pakistan Chamber of Commerce and Industry...

Published 02 Sep, 2025 07:15am

Business & Finance

Improving logistics linked to unlocking trade potential

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum, Chairman National Business ...

Published 02 Sep, 2025 07:12am

Business & Finance

We-Finance Code: SECP, ADB hold industry familiarization session

KARACHI: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Asian Development Bank...

Published 02 Sep, 2025 07:08am

Business & Finance

FBR revises functions, jurisdiction of DG PCA and IA

ISLAMABAD: The Federal Board of Revenue (FBR) has issued revised functions and jurisdiction of the Directorate...

Published 02 Sep, 2025 06:25am

Industry

UBG underscores need for reducing interest rate to 6pc

LAHORE: S M Tanveer, Patron-in-Chief UBG, has demanded drop in the interest rate to 6 percent after a significant...