News Archives for Business & Finance - 2025-09-10

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Business & Finance - 2025-09-10

Money & Banking

SBP mid-year review: Pakistan banking sector remains resilient during Jan-Jun 2025

Asset base of banking sector expands by 11% during Jan-Jun 2025, central bank reports

Published 10 Sep, 2025 10:49pm

Stocks

Image REIT IPO oversubscribed at Rs10/unit on first day at PSX

KARACHI: Image REIT, a Shariah-compliant hybrid and perpetual Real Estate Investment Trust (REIT) scheme, got...

Published 10 Sep, 2025 10:26pm

Forex

India resists full crypto framework, fears systemic risks, document shows

NEW DELHI: India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead...

Published 10 Sep, 2025 09:47pm

Financial

India markets regulator raises accredited investor requirement for angel funds

India’s markets regulator on Wednesday raised the minimum number of accredited investors needed for angel funds to...

Published 10 Sep, 2025 09:39pm

Business & Finance

FBR briefs OICCI, PBC on transformation plan

The Federal Board of Revenue (FBR) on Wednesday shared details of its ongoing transformation plan aimed at...

Published 10 Sep, 2025 09:20pm

Companies

Novo Nordisk slashes 9,000 jobs to slim down in fierce weight-loss drug battle

COPENHAGEN: Novo Nordisk the maker of blockbuster weight-loss drug Wegovy, said on Wednesday it will cut 9,000 jobs...

Published 10 Sep, 2025 08:51pm

Business & Finance

Govt lifts ban on new RLNG connections, declares climate, agriculture emergencies

The federal government has decided to lift the long-standing ban on new RLNG-based gas connections while also...

Published 10 Sep, 2025 08:13pm

Stocks

TSX hits record high on cooler-than-expected US inflation data

Canada’s main stock index edged up on Wednesday, led by materials shares, after cooler-than-expected U.S. producer...

Published 10 Sep, 2025 08:02pm

Commodities

Copper breaches $10,000 after US producer price data

LONDON: Copper prices breached $10,000 a metric ton on Wednesday as the dollar slipped after U.S. producer prices...

Published 10 Sep, 2025 07:52pm

Stocks

S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps

The S&P 500 and the Nasdaq hit intraday record highs on Wednesday after cooler-than-expected inflation data kept...

Published 10 Sep, 2025 07:22pm

Stocks

Gulf stock markets close lower after Israel’s airstrike in Qatar

Major Gulf stock markets closed slightly lower on Wednesday after Israel’s airstrike in Qatar targeting Hamas...

Published 10 Sep, 2025 06:53pm

Business & Finance

NLC, DP World ink $400m deal with Pakistan Railways for dedicated freight corridor

The National Logistics Corporation (NLC) and DP World on Wednesday signed a commercial agreement with Pakistan...

Published 10 Sep, 2025 06:48pm

Middle East

Saudi oil giant Aramco attracts strong demand for Islamic bond sale

ABU DHABI: Saudi Aramco the world’s biggest oil company, attracted significant demand for its Islamic bond sale on...

Published 10 Sep, 2025 06:41pm

Business & Economy

Pakistan buys sorghum grain from US after floods, traders say

HAMBURG: Buyers in Pakistan are believed to have bought about five shipments of the grain sorghum from the United...

Published 10 Sep, 2025 05:43pm

Technology

Oracle surges on AI cloud growth as customers race to secure computing capacity

Oracle shares soared about 33% before the bell on Wednesday after the company pointed to a demand surge for its...

Published 10 Sep, 2025 05:30pm

Commodities

Arabica coffee hovers near four-month high

LONDON: Arabica coffee futures rose on Wednesday, heading back towards the prior session’s four-month high with the...

Updated 10 Sep, 2025 07:04pm

Forex

Indian rupee ends flat on Trump’s mixed signals for trade tariffs

MUMBAI: The Indian rupee closed unchanged on Wednesday as tariff-related uncertainties continued to dominate the...

Published 10 Sep, 2025 04:46pm

Companies

Haier signs new partnerships in the world of football with Liverpool football club and Paris Saint-Germain

Haier, which ranks first in the global retail volume of major home appliance brand sales, today announced multi-year...

Published 10 Sep, 2025 04:37pm

Financial

India’s equity mutual fund flows off record high as investors shift to gold

Inflows into India’s equity mutual funds in August cooled from record highs, as steep U.S. tariffs rattled...

Published 10 Sep, 2025 04:26pm

Stocks

Indian shares extend winning run as U.S. trade talks, rate cut hopes lift sentiment

Indian shares extended their winning streak on Wednesday, boosted by hopes of progress in trade talks with...

Published 10 Sep, 2025 04:20pm

Commodities

Palm falls for second session as rival edible oils, weak exports weigh

JAKARTA: Malaysian palm oil futures dropped for a second session on Wednesday, weighed down by weakness in Chicago...

Published 10 Sep, 2025 04:13pm

Financial

Gold prices remain stable at Rs388,100

Gold prices in Pakistan remained stable on Wednesday at Rs388,100, after hitting record high the previous day....

Published 10 Sep, 2025 04:08pm

Business & Finance

Aurangzeb confident inflation will stay in check amid ongoing flood crisis

Finance Minister Muhammad Aurangzeb on Wednesday expressed confidence that inflationary pressures will remain under...

Published 10 Sep, 2025 01:58pm

Stocks

European shares rise as Inditex leads retailers, Novo Nordisk shines

The pan-European STOXX 600, was up 0.4% at 554.9 points

Published 10 Sep, 2025 01:41pm

Business & Finance

Floods ravage over 1.3mn acres of agricultural land in Punjab, says PBF

KARACHI: Severe flooding in Pakistan this year has devastated over 1.3 million acres of agricultural land across...

Updated 10 Sep, 2025 10:32pm

Energy

Shanghai Electric terminates $1.77bn deal with K-Electric

In a key development for Pakistan’s energy sector, Shanghai Electric Power (SEP) has terminated its purchase of...

Published 10 Sep, 2025 12:33pm

Markets

Fitch raises India growth forecast after strong second-quarter

MUMBAI: Fitch Ratings has raised its forecast for India’s economic growth for the current fiscal year to 6.9% from...

Published 10 Sep, 2025 12:21pm

Markets

Gold firms on rate-cut bets, US inflation data in focus

Spot gold was up 0.5% at $3,644.54 per ounce

Published 10 Sep, 2025 12:17pm

Mutual Funds

Japan’s five-year bond yields rise ahead of first auction after PM Ishiba’s resignation

The five-year yield rose 2.5 basis points (bps) to 1.120%

Published 10 Sep, 2025 12:11pm

Bullion Rate

ANZ hikes gold price forecast to $3,800 on solid investment demand

Gold prices rose to an all-time high $3,673.95

Published 10 Sep, 2025 12:09pm

Stocks

Australia shares flat as banks offset lithium-led mining losses

The S&P/ASX 200 index rose 0.1% to 8,811.30

Published 10 Sep, 2025 11:54am

Forex

Australia, NZ dollars flat as markets eye US inflation data

The kiwi dollar was also steady at $0.5927

Published 10 Sep, 2025 11:52am

Mutual Funds

India bonds steady after selloff; inflation data in focus

The yield on the 10-year benchmark was at 6.4978%

Published 10 Sep, 2025 11:43am

Forex

Indian rupee faces tug-of-war at open as Trump mixes tariff threats with trade talks

The 1-month non-deliverable forward indicated the rupee will open in the 88.08-88.12 range versus the US dollar

Published 10 Sep, 2025 11:39am

Stocks

India’s stock benchmarks set to open higher on US trade talk hopes, rate cut bets

Gift Nifty futures were trading at 25,027 points

Published 10 Sep, 2025 11:36am

Stocks

Asia stocks gain, bonds fall as traders judge odds of bigger Fed cut

Hong Kong’s Hang Seng gained 0.5%, while mainland Chinese blue chips rose 0.2%

Published 10 Sep, 2025 11:07am

Forex

Dollar treads water ahead of inflation reports; US rate cut bets intact

Traders are fully pricing in a 25 bps cut next week and have ascribed a 5% chance to a 50 bps reduction

Published 10 Sep, 2025 10:50am

Markets

National Tariff Policy 2025-30 could hinder industrialisation in Pakistan, warns PRAC

The Policy Research Advocacy Council (PRAC) has expressed concern that Pakistan’s new National Tariff Policy...

Published 10 Sep, 2025 10:46am

Energy

Oil prices up $1 after Israeli attacks, but oversupply caps gains

HOUSTON: Oil prices rose about $1 on Wednesday after Israel attacked Hamas leadership in Qatar, Poland shot down...

Updated 10 Sep, 2025 08:39pm

Commodities

Palm falls for second session as rival edible oils weigh

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 61 ringgit, or 1.36%, to 4,418 ringgit

Published 10 Sep, 2025 10:43am

Markets

Egypt’s annual urban consumer price inflation slows to 12% in August from 13.9% in

Annual inflation has plunged from a record 38% in September 2023

Published 10 Sep, 2025 10:41am

Stocks

South Korea’s KOSPI stock index hits record high on revived reform hopes

The benchmark KOSPI stock index rose as much as 1.75% to 3,317.04 points in afternoon trade

Published 10 Sep, 2025 10:36am

Currency

Pakistani rupee records 24th successive gain against US dollar

Currency hovers at 281-282 level in inter-bank market

Updated 10 Sep, 2025 08:11pm

Stocks

Stocks soar: KSE-100 Index notches another record close

Benchmark index gains for ninth straight session

Updated 10 Sep, 2025 08:49pm

Companies

BOP launches industry’s first digital business loan solution

KARACHI: The Bank of Punjab (BOP), announced the official launch of its state-of-the-art SME lending product, “BOP...

Published 10 Sep, 2025 07:02am

Taxes

Tax return filing: FBR urged to address IRIS portal glitches

LAHORE: The Lahore Tax Bar Association (LTBA) has formally written to the Chairman of the Federal Board of Revenue...

Published 10 Sep, 2025 06:55am

Pakistan

PPA says wheat ban could trigger food crisis

LAHORE: The Pakistan Poultry Association (PPA) has warned that recent government actions banning use of wheat by the...

Published 10 Sep, 2025 06:54am

Industry

EPBD think tank strongly opposes PKR devaluation calls

ISLAMABAD: Chairman of the Economic Policy and Business Development (EPBD) think tank Gohar Ejaz strongly opposed...

Published 10 Sep, 2025 06:51am

Business & Finance

Illicit trade: Govt urged to focus on recovering revenue lost

LAHORE: With Pakistan reeling from the aftermath of devastating floods and heavy monsoon rains, the government has...

Published 10 Sep, 2025 06:48am

Industry

ABAD demands govt make Gwadar ‘operational’

KARACHI: The Association of Builders and Developers (ABAD) on Tuesday demanded the government make Gwadar ...

Published 10 Sep, 2025 05:52am

Money & Banking

US dollar falls against yen

NEW YORK: The US dollar fell against the yen on Tuesday after the government estimated the world’s largest economy...

Published 10 Sep, 2025 05:52am

Industry

Forty life-saving medicines have returned to production, market in Pakistan, says PPMA chairman

KARACHI: An eye patient in Karachi battling vision loss recently paid 100 British pounds (approximately Rs38,000) to...

Updated 10 Sep, 2025 09:18am

Money & Banking

Tariff worries stall Indian rupee rally

MUMBAI: The rupee advanced on Tuesday, supported by weaker US jobs data that firmed up expectations of a Federal...

Published 10 Sep, 2025 05:52am

Money & Banking

Yuan hits 10-month high as dollar weakens

SHANGHAI: China’s yuan rose to a 10-month high against the dollar on Tuesday, underpinned by a weaker greenback on...

Published 10 Sep, 2025 05:52am

Business & Finance

Pakistan, Kazakhstan to forge comprehensive economic partnership

ISLAMABAD: Pakistan and Kazakhstan on Tuesday pledged to transform their historic and cultural ties into a...

Published 10 Sep, 2025 05:52am

Industry

Import expo: Chinese bank hosts promotion event

ISLAMABAD: Industrial and Commercial Bank of China Limited, Karachi Branch successfully hosted the promotion event...

Published 10 Sep, 2025 05:52am

Industry

SMEDA BoD reconstituted

ISLAMABAD: The Ministry of Industries and Production has reconstituted the Board of Directors (BoD) of the Small and...

Published 10 Sep, 2025 05:52am

Taxes

FBR introduces digital invoicing system

KARACHI: The Federal Board of Revenue (FBR) has unveiled a comprehensive digital invoicing process for sales tax...

Published 10 Sep, 2025 05:52am

Business & Finance

US team briefed about port facilities, investment opportunities

ISLAMABAD: US delegation visited the Ministry of Maritime Affairs on Tuesday, where they were received by Federal...

Published 10 Sep, 2025 05:52am

Taxes

E-invoicing system: SITE body says concerned at abrupt rollout by FBR

KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry, has voiced serious concerns over the...

Published 10 Sep, 2025 05:52am

Business & Finance

KP expresses reservations over proposed energy framework

PESHAWAR: The Khyber Pakhtunkhwa government has expressed reservations over the federal government’s proposed...

Published 10 Sep, 2025 05:52am

Business & Finance

Discussions with stakeholders finalised: New industrial policy to be announced soon

ISLAMABAD: The new industrial policy is likely to be announced in the next two to three weeks, as discussions with...

Published 10 Sep, 2025 05:52am

Business & Finance

Pakistan keen to enhance bilateral ties with Kazakhstan: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday highlighted Pakistan’s strong interest to enhance bilateral...

Published 10 Sep, 2025 05:52am

Business & Finance

Import of Photovoltaic cells in 2023-24: Rs102bn loss suffered on account of ST exemptions

ISLAMABAD: The Federal Board of Revenue (FBR) has suffered revenue loss of Rs102 billion during 2023-24 on account ...

Published 10 Sep, 2025 05:52am

Business & Finance

Consumer protection framework: SBP seeks public input

KARACHI: The State Bank of Pakistan (SBP) has called for public consultation on draft Business Conduct and Fair...

Published 10 Sep, 2025 05:52am

Business & Finance

Capital markets: SECP wing deliberates on boosting ESG disclosure practices

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s Sustainable Finance Advisory Group for Capital...

Published 10 Sep, 2025 05:52am

Companies

Services of NBP SVP, Regional Heat Swat eulogised

ISLAMABAD: National Bank SVP and Regional Head Swat Waqar Ahmed Zakori, has concluded his remarkable and dedicated...

Published 10 Sep, 2025 05:52am

Business & Finance

Tariff reforms to impact positively on auto sector: report

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) predicted a positive impact of tariff reforms in...

Published 10 Sep, 2025 05:52am

Business & Finance

Aurangzeb, Acumen Pakistan leadership discuss climate-focused investment

ISLAMABAD: The Chief Executive Officer (CEO) and Country Head of Acumen Pakistan Dr. Ayesha Khan, along with her ...

Published 10 Sep, 2025 05:52am

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 5	160.29
USD to Swiss Franc / Jun 5	0.80
Pound Sterling to USD / Jun 5	1.33
Euro to USD / Jun 5	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
India Sensex / Jun 5	74,243.34
Tokyo Nikkei / Jun 5	66,588.12
Nasdaq / Jun 5	25,709.43
Hang Seng / Jun 5	24,961.95
FTSE 100 / Jun 5	10,368.05
Dow Jones / Jun 5	50,866.78
Germany DAX 30 / Jun 5	24,759.05
France CAC40 / Jun 5	8,218.24

Item	Value
Crude Oil USD/Barrel / Jun 5	90.54
Gold 10 Grams PKR / Jun 5	401,012
Gold Spot USD/Ounce / Jun 5	4,328.45
Cotton US¢/pound / Jun 5	77.48
Petrol/Litre / Jun 7	377.78
Diesel/Litre / Jun 7	380.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.03 ▲ 0.97 (13.74%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Waves Corporation / Jun 5 Waves Corporation Limited(WAVES)	10.98 ▲ 1 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.80 ▼ -7.4 (-9.97%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.96 ▼ -2.48 (-7.64%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.17 ▼ -2.48 (-6.1%)
Bela Auto / Jun 5 Bela Automotives Limited(BELA)	55.85 ▼ -3.14 (-5.32%)
Tandlianwala Sugar / Jun 5 Tandlianwala Sugar Mills Limited(TSML)	385.55 ▼ -19.67 (-4.85%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
Dewan Textile / Jun 5 Dewan Textile Mills Limited(DWTM)	9.65 ▼ -0.48 (-4.74%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40.01 ▼ -1.99 (-4.74%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.03 ▼ -3.61 (-4.59%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	42,057,629 ▲ 0.57
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,999,765 ▲ 0.49
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,811,517 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,493,657 ▼ -0.2
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,842,888 ▼ -0.01
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	22,157,441 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	18,104,460 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,319,572 ▲ 1
B.O.Punjab / Jun 5 The Bank of Punjab(BOP)	15,286,456 ▼ -0.46
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,013,265 ▼ -0.11

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