News Archives for Business & Finance - 2025-09-11

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Business & Finance - 2025-09-11

Business & Finance

India’s IT sector nervous as US proposes outsourcing tax

BENGALURU: India’s massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating...

Published 11 Sep, 2025 11:17pm

Business & Finance

JW Group partners with China’s Jinpeng to help drive electric mobility in Pakistan

JW Group Pakistan, an industrial conglomerate, has officially announced a partnership with Jinpeng Group, China’s...

Updated 11 Sep, 2025 11:15pm

World

IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say

NEW YORK: Gemini Space Station, the cryptocurrency exchange founded by Cameron andmTyler Winklevoss, has drawn over...

Published 11 Sep, 2025 10:27pm

Stocks

Wall St hits record highs as rate cut bets intact after inflation data

Wall Street’s main indexes hit intraday record highs on Thursday, boosted by gains across sectors, after the latest...

Published 11 Sep, 2025 09:13pm

South Asia

Indian exporters seek loan relief, favorable rupee rate in meeting with central bank, sources say

MUMBAI: Indian exporters, hurt by punitive tariffs imposed by the U.S., have sought a moratorium on loan repayments...

Published 11 Sep, 2025 08:56pm

South Asia

India pledges $680 million in economic support for Mauritius

NEW DELHI: India agreed on Thursday to provide about $680 million in economic assistance to Mauritius for...

Updated 11 Sep, 2025 09:03pm

USA

US will sort out trade with India, Commerce Secretary Lutnick says in CNBC interview

WASHINGTON: U.S. Commerce Secretary Howard Lutnick said on Thursday he believes the United States will sort out a...

Published 11 Sep, 2025 08:11pm

Commodities

Copper claws above $10,000 on weaker dollar after US data

LONDON: Copper prices pushed back above $10,000 a metric ton on Thursday, boosted by a weaker dollar after U.S. data...

Published 11 Sep, 2025 08:06pm

Stocks

Middle East markets rise as Fed rate cut hopes offset regional tensions

Middle East markets were mixed on Thursday as investors looked past initial jitters from Israel’s strike in Qatar...

Published 11 Sep, 2025 07:59pm

Stocks

TSX hits fresh record high as US data keeps rate cut bets intact

Canada’s main stock index hit a new record high on Thursday, as the latest U.S. inflation data did little to shift...

Published 11 Sep, 2025 07:50pm

South Asia

India’s Adani bans entry of sanctioned ships at its ports, sources say

NEW DELHI: India’s largest private port operator, Adani Group, has banned entry of tankers that are sanctioned by...

Updated 11 Sep, 2025 11:08pm

Markets

Car sales in Pakistan jump 62% YoY to 14,050 units in August 2025

KARACHI: Car sales in Pakistan surged by 62% year-on-year (YoY) and 27% month-on-month (MoM) in August 2025 amid...

Published 11 Sep, 2025 07:22pm

Commodities

Arabica coffee slips from four-month highs while cocoa gains

LONDON: Arabica coffee futures on ICE slipped on Thursday, with the market consolidating after hitting four-month...

Published 11 Sep, 2025 07:14pm

Stocks

Image REIT raises Rs921mn with strike price of Rs10.01/unit in 2025’s third IPO at PSX

KARACHI: Sinolink REIT Management Company has successfully raised Rs921.07 million through selling 92.02 million...

Updated 11 Sep, 2025 09:32pm

Money & Banking

ECB holds rates as France crisis looms over meeting

FRANKFURT: The European Central Bank held interest rates steady again Thursday with inflation under control and...

Published 11 Sep, 2025 06:06pm

Business & Finance

SBP reserves rise by $34mn, stand at $14.34bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $34 million on a weekly basis,...

Published 11 Sep, 2025 05:54pm

Stocks

IT, energy stocks drag Sri Lankan shares lower

CSE All-Share index fell 0.61% to 20,641.83

Published 11 Sep, 2025 05:26pm

South Asia

Indian court dismisses Asian Paints’ plea against antitrust inquiry, sources say

NEW DELHI: An Indian court on Thursday dismissed a plea by Asian Paints to quash an ongoing antitrust inquiry...

Published 11 Sep, 2025 05:21pm

Energy

Saudi crude oil supply to China set to surge in October, trade sources say

SINGAPORE: Saudi Arabia’s crude oil exports to China are set to surge in October after a deep cut in prices, several...

Published 11 Sep, 2025 04:58pm

Financial

India bonds inch up before key inflation data

MUMBAI: Indian government bonds gained slightly on Thursday before inflation data in both the U.S. and India. The...

Published 11 Sep, 2025 04:50pm

Commodities

Palm rises on supply concern, weak demand caps gains

JAKARTA: Malaysian palm oil futures reversed losses on Thursday to rise on supply concern and strength in Chicago...

Published 11 Sep, 2025 04:44pm

Forex

India rupee sinks to record low, US tariffs keep outlook fragile

MUMBAI: The Indian rupee dropped to an all-time low against the U.S. dollar on Thursday, in a slide that reflects...

Published 11 Sep, 2025 04:39pm

Stocks

India’s Nifty 50 logs longest winning streak in four months on US trade talk hopes

India’s benchmark Nifty 50 index rose for a seventh straight session on Thursday, its longest daily winning streak...

Published 11 Sep, 2025 04:34pm

Business & Finance

Systems Limited mulling setting up new company in UK

Systems Limited announced on Thursday its intention to incorporate a new company in the UK region. The company...

Published 11 Sep, 2025 04:32pm

Commodities

Asia rice: Thai prices hit 3-week high on strong baht; Vietnam rates fall on weak demand

Thai rice export prices rose to a three-week high this week, supported by the baht’s appreciation, while thin demand...

Published 11 Sep, 2025 04:24pm

Companies

Zahid Mir steps down as MD & CEO of Pakistan Refinery Limited

Zahid Mir has stepped down as Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery Limited...

Published 11 Sep, 2025 03:53pm

Stocks

European shares inch up with ECB interest rate verdict, US data in spotlight

The pan-European STOXX 600 edged up 0.3% to 554.08 points

Published 11 Sep, 2025 03:49pm

Stocks

London stocks rise as investors assess corporate earnings, await US inflation data

London stocks rose on Thursday, boosted by industrials and energy stocks, while investors assessed corporate...

Published 11 Sep, 2025 03:47pm

Energy

World oil market to see higher supply, surplus after OPEC+ hike, IEA says

LONDON: World oil supply will rise more rapidly than expected this year as OPEC+ members increase output further and...

Published 11 Sep, 2025 03:44pm

Financial

Gold price per tola falls Rs4,100 in Pakistan

Gold prices in Pakistan decreased on Thursday in line with their loss in the international market. In the local...

Published 11 Sep, 2025 03:42pm

Companies

Pakistani candymaker to set up subsidiary in Europe

Ismail Industries Limited (ISIL), a manufacturer of confectionery items, has approved the establishment of a wholly...

Published 11 Sep, 2025 03:33pm

Stocks

Oracle marches toward $1 trillion club; tech stocks cheer

Oracle’s shares rose on Thursday, adding to a record run in the previous session and lifting stocks across the tech...

Published 11 Sep, 2025 03:14pm

Markets

OpenAI, Oracle sign $300 billion computing deal, WSJ reports

OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, among...

Published 11 Sep, 2025 03:10pm

Business & Finance

Chashma Sugar Mills completes amalgamation with subsidiary Ultimate Whole Foods

Chashma Sugar Mills Limited (CHAS), one of the largest sugar mills in the country, announced on Thursday that the...

Published 11 Sep, 2025 03:05pm

Companies

Treet Battery partners with China’s Highstar to bring lithium-ion technology in Pakistan

Treet Battery Limited (TBL), a Pakistani manufacturer of lead-acid batteries, has entered into an agreement with...

Published 11 Sep, 2025 03:04pm

Business & Finance

Govt satisfied with Pakistan’s export performance amid challenging global trade climate

The commerce ministry said on Thursday that Pakistan’s exports held steady at $5.11 billion during the first two...

Published 11 Sep, 2025 01:05pm

Companies

Pakistan’s Avanceon secures $8.8mn contracts across Middle East

Avanceon Limited (AVN), a Pakistani technology company headquartered in Lahore, has secured high-value strategic...

Published 11 Sep, 2025 12:26pm

Commodities

London copper dips on potentially sluggish peak season, Fed rate-cut hopes cap losses

The dollar index, which measures the US currency against six major peers

Published 11 Sep, 2025 12:00pm

Commodities

Chicago grains gain ground with USDA report in focus

The most active soybean contract on the Chicago Board of Trade gained 0.12% to $10.26-4/8 per bushel

Published 11 Sep, 2025 11:58am

Forex

Yuan hits fresh 11-month high as Chinese stocks surge, dollar weakness

Offshore yuan traded at 7.1191 yuan per dollar, up about 0.03% in Asian trade

Published 11 Sep, 2025 11:44am

Stocks

China shares climb on AI optimism despite US drug restrictions

Hong Kong's benchmark Hang Seng index edged 0.3% lower

Published 11 Sep, 2025 11:42am

Energy

Pakistan’s top refiner Cnergyico to boost fuel oil exports as sales plummet

The company has exported 80,000 tons, or 95% of its production, from July to date, versus 55% in the last fiscal year that ended in June

Published 11 Sep, 2025 11:34am

Technology

‘China Inside’: How Chinese EV tech is reshaping global auto design

SHANGHAI/MILAN: When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European...

Published 11 Sep, 2025 11:13am

Bullion Rate

Gold hovers near record high as soft US data fuels rate-cut prospects

Spot gold held its ground at $3,636.59 per ounce

Published 11 Sep, 2025 11:06am

Forex

Australia dollar hits 10-month high, kiwi restrained by dovish RBNZ

The kiwi dollar lagged at $0.5940, after firming 0.3% overnight to a one-month peak of $0.5964

Published 11 Sep, 2025 11:02am

Stocks

Banks, health stocks weigh on Australian shares; gold miners hit record peak

The S&P/ASX 200 index lost 0.2% to 8,812.80 points

Published 11 Sep, 2025 10:59am

Stocks

Japan, Taiwan shares set records on tech boost, Fed cut hope

Japan’s Nikkei gained 0.8% to hit a record as tech and energy firms as well as utilities jumped

Published 11 Sep, 2025 10:56am

Forex

Dollar steady as inflation data and central banks take focus

The dollar index nudged up 0.1% to 97.83

Published 11 Sep, 2025 10:53am

Mutual Funds

India bonds inch higher as traders eye US, domestic inflation data

The yield on the 10-year benchmark note was at 6.4737%

Published 11 Sep, 2025 10:47am

Stocks

India equity benchmarks flat as US trade optimism offsets IT pullback

The Nifty 50 edged down 0.05% to 24,960.15, and the BSE Sensex shed 0.06% to 81,372.78

Published 11 Sep, 2025 10:45am

Energy

Oil prices fall nearly 2% on oversupply and weaker US demand

Brent crude futures down $1.13, or 1.7%, at $66.36 a barrel

Updated 11 Sep, 2025 09:06pm

Currency

Pakistani rupee registers 25th consecutive gain against US dollar

Currency settles at 281.56 against greenback

Published 11 Sep, 2025 06:18am

Industry

IGCEP 2025-2035: FPCCI raises objections to some proposals

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has raised objections on some...

Updated 11 Sep, 2025 08:22am

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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