News Archives for Business & Finance - 2025-09-04

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Business & Finance - 2025-09-04

Business & Finance

PM Shehbaz assures to remove all hiccups as Pakistan, China business firms sign $4.2bn pacts

Premier announces launch of CPEC 2.0

Published 04 Sep, 2025 09:45pm

Business & Finance

India’s Raymond Lifestyle to cut prices after consumption tax break

Raymond Lifestyle plans to reduce prices on select apparel items, an executive said on Thursday, making the...

Published 04 Sep, 2025 09:00pm

Companies

India looking beyond US for pharma exports amid tariff tensions

NEW DELHI: India is seeking to boost drug exports to semi-regulated markets in Africa, Latin America and Southeast...

Published 04 Sep, 2025 08:37pm

World

Trump’s pick for US Fed governor vows to uphold independence

WASHINGTON: Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US...

Published 04 Sep, 2025 08:16pm

Markets

India 10-year bond yield dips to two-week low on easing GST-led fiscal concerns

MUMBAI: Indian government bond yields fell on Thursday, with the 10-year benchmark yield dropping to its lowest...

Published 04 Sep, 2025 07:04pm

Business & Finance

Amazon completes Axio acquisition, secures access to direct lending business in India

MUMBAI: Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-banking lender Axio for...

Published 04 Sep, 2025 07:01pm

Business & Finance

India’s higher tax on clothing threatens setback for global fashion brands

NEW DELHI: India’s overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global...

Published 04 Sep, 2025 06:54pm

Business & Finance

SBP-held forex reserves rise $28m to $14.30bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $28 million on a weekly basis,...

Published 04 Sep, 2025 06:51pm

Money & Banking

Foreign outflows in Indian financials hit 7-month high in August

Foreign portfolio investors (FPIs) sold 232.9 billion rupees ($2.7 billion) of Indian financial stocks in August,...

Published 04 Sep, 2025 06:49pm

Markets

SBI’s success sets stage for wave of Indian dollar bond sales

MUMBAI; Favourable pricing of U.S. dollar bonds issued by India’s biggest lender has spurred expectations of more...

Published 04 Sep, 2025 06:44pm

Markets

Indian coal prices to be lower after tax revision, industry officials say

SINGAPORE/NEW DELHI: Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75%...

Published 04 Sep, 2025 06:27pm

Business & Finance

India’s tax cut on solar and wind devices to lower clean energy tariff, experts say

NEW DELHI: India’s decision to cut taxes on solar and wind equipment will lower costs for new plants and pressure...

Published 04 Sep, 2025 06:22pm

Technology

India’s drug regulator eyes lighter oversight, more AI to boost efficiency

NEW DELHI: India’s drug regulator plans to ease processes, set fixed approval timelines and explore artificial...

Published 04 Sep, 2025 06:18pm

Companies

VEON Group expresses intention to acquire Pakistan’s TPL Insurance

VEON Group Holding Company Ltd, a subsidiary of the Nasdaq-listed VEON Ltd, has expressed its intention to acquire...

Published 04 Sep, 2025 03:58pm

Commodities

Gold price remains stable at Rs376,700

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

Published 04 Sep, 2025 03:11pm

Business & Finance

Cotton production: extreme weather could mean lowest yield in history of Pakistan

Heavy rains, heat waves and floods, coupled with water shortages have placed severe pressure on vital cash crop

Updated 04 Sep, 2025 04:36pm

Companies

Sazgar to rollout TANK-500, CANNON PHEVs by March 2026

Sazgar Engineering Works Limited has announced plans to roll out its upcoming Plug-in Hybrid Electric Vehicle (PHEV)...

Published 04 Sep, 2025 01:55pm

Markets

Chinese firms still want Nvidia chips despite government pressure not to buy, sources say

Alibaba, ByteDance and other Chinese tech firms remain keen on Nvidia’s artificial intelligence chips despite...

Published 04 Sep, 2025 12:30pm

Business & Finance

Floods disrupt food supply chain, trigger price surge in Pakistan; inflation outlook under threat

KARACHI: Torrential floods in Punjab and Khyber Pakhtunkhwa (KP) have severely disrupted Pakistan’s food supply...

Published 04 Sep, 2025 11:49am

Markets

Thousands of Lloyds staff at risk of dismissal in performance overhaul, FT reports

The British bank intends to overhaul how it manages the performance of its 63,000 employees

Published 04 Sep, 2025 11:47am

Commodities

Iron ore drifts higher on hopes of improving China demand

BEIJING: Prices of iron ore futures rose for a third straight session on Thursday, helped by hopes of improving...

Published 04 Sep, 2025 11:32am

Commodities

Copper dips on wavering demand despite tight supply

Copper prices retreated across major exchanges on Thursday following the previous day’s five-month high, as demand...

Published 04 Sep, 2025 11:31am

Technology

China’s BYD cuts 2025 sales target by 16%, sources say, a sign its white-hot growth is cooling

BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge...

Published 04 Sep, 2025 11:29am

Mutual Funds

India bonds to rise as GST cut revenue loss lower than feared

MUMBAI: Indian government bonds are expected to witness a relief rally, as the estimated revenue loss from the tax...

Published 04 Sep, 2025 11:23am

Markets

Sberbank says Russian economy is stagnating, warns of recession if rates stay high

VLADIVOSTOK: German Gref, CEO of Russia’s dominant lender Sberbank, said on Thursday that the country’s economy had...

Published 04 Sep, 2025 11:21am

Commodities

Wheat falls on abundant supplies; soy and corn rangebound

JAKARTA: Chicago wheat extended losses to the third consecutive session on Thursday, as ample global supplies...

Published 04 Sep, 2025 11:17am

Stocks

Asia markets tick up as Fed comments, jobs data point to rate cuts

Australian shares advanced 0.8%, recovering from their biggest one-day sell-off since April, while the Nikkei 225 rose 1.2%

Published 04 Sep, 2025 11:08am

Forex

Australia, NZ dollars consolidate gains, data stays solid

SYDNEY: The Australian and New Zealand dollars held steady on Thursday, having benefited overnight from a revival in...

Published 04 Sep, 2025 11:05am

Stocks

Australian shares rebound after four-day losing streak on financials, mining boost

Australian shares climbed on Thursday, on track to snap a four-day losing streak, supported by heavyweight...

Published 04 Sep, 2025 11:04am

Stocks

Indian rupee to open little changed but Fed cut wagers, local tax cuts buoy sentiment

The 1-month non-deliverable forward indicated the rupee will open in the 88.06 to 88.10 range versus the US dollar

Published 04 Sep, 2025 10:57am

Energy

Switching to renewables: Saif Textile to install 10MW solar power system

Saif Textile Mills Limited, a local yarn manufacturer, has inked a deal for the installation of a 10-megawatt solar...

Published 04 Sep, 2025 10:57am

Stocks

Indian shares set for strong start on government’s tax bonanza ahead of festivals

Indian shares are set to open higher on Thursday after the government slashed levies on several goods to fire up...

Published 04 Sep, 2025 10:55am

Stocks

China stocks tumble on talk of regulatory curbs, tech selloff

The Shanghai Composite Index, which hit 10-year highs last week

Published 04 Sep, 2025 10:45am

Exchange

Pakistani rupee sees 20th successive gain against US dollar

Currency settles at 281.67 against US dollar

Updated 04 Sep, 2025 09:21pm

Forex

Dollar weak as cracks in US labour market spur rate cut bets

SINGAPORE: The US dollar softened on Thursday in a volatile week as investors contended with bond market jitters...

Published 04 Sep, 2025 10:40am

Energy

Oil falls more than 1% as OPEC+ to consider another output hike

LONDON: Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors...

Updated 04 Sep, 2025 08:28pm

Commodities

Palm rises on anticipation of improved exports

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday, as traders were expecting robust export demand from key...

Published 04 Sep, 2025 10:34am

Companies

PPL discovers oil & gas reserves in Punjab

Pakistan Petroleum Limited (PPL), one of the country’s largest exploration and production (E&P) companies, has...

Updated 04 Sep, 2025 11:33am

Stocks

Buying spree continues as KSE-100 settles at new high

Bulls continued to march upwards at the Pakistan Stock Exchange (PSX), supported by strong sectoral performance and...

Updated 04 Sep, 2025 09:27pm

Industry

Flour millers reject Punjab govt ban on wheat movement

PESHAWAR: Flour millers have berated the Punjab government over imposition of ban on inter-provincial movement of...