News Archives for Business & Finance - 2025-09-12

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Business & Finance - 2025-09-12

Stocks

Wall St subdued after record highs, on track for weekly gains

Wall Street’s major indexes were subdued in choppy trading on Friday, easing from the previous session’s record...

Published 12 Sep, 2025 08:02pm

Markets

India regulator eases foreign investor entry, lowers minimum size for large IPOs

MUMBAI: India’s markets regulator on Friday made it easier for sovereign-backed and overseas retail funds to access...

Published 12 Sep, 2025 07:21pm

Business & Finance

Govt moves to restructure SMEDA, starts CEO appointment process

Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Friday chaired the...

Published 12 Sep, 2025 05:46pm

Stocks

UAE stocks surge on rate-cut optimism

Stock markets in the United Arab Emirates closed higher on Friday, with Dubai driving the gains, as rising oil...

Published 12 Sep, 2025 05:30pm

Commodities

Raw sugar prices ease but remain on track for weekly gain

LONDON: Raw sugar futures on ICE eased on Friday but were set for a small weekly gain while coffee and cocoa prices...

Published 12 Sep, 2025 05:12pm

Forex

India bonds fall as inflation tempers rate cut bets

MUMBAI: Indian government bonds slipped on Friday, halting a two-day rally, after an uptick in inflation in August,...

Published 12 Sep, 2025 05:05pm

Energy

Global LNG: Asian spot prices rise on geopolitical tensions, slow demand caps gains

Asian spot liquefied natural gas (LNG) prices inched up this week, lifted by geopolitical developments around...

Published 12 Sep, 2025 05:00pm

Stocks

Sri Lanka shares decline for second consecutive week

Sri Lankan shares closed marginally lower on Friday, dragged by IT and utilities stocks, and fell for a second...

Published 12 Sep, 2025 04:54pm

Forex

Rising bets of Fed rate cut lifts Indian rupee

MUMBAI: The Indian rupee climbed on Friday, as a key U.S. inflation data came in line with expectations and...

Published 12 Sep, 2025 04:50pm

Stocks

India’s equity benchmarks rise for 2nd week on tax boost, Fed easing bets

India’s blue-chip indexes advanced in a broad-based rally for a second straight week, as soft U.S. jobs data...

Published 12 Sep, 2025 04:44pm

Commodities

Palm falls on profit booking, weak demand; post marginal weekly loss

JAKARTA: Malaysian palm oil futures fell on Friday and posted a marginal weekly loss, as traders booked profits...

Published 12 Sep, 2025 04:32pm

Commodities

Copper strides to five-month peak on hopes for US rate cuts

LONDON: Copper prices hit their highest in more than five months on Friday, fuelled by investor expectations of U.S....

Published 12 Sep, 2025 04:27pm

South Asia

Sri Lanka central bank has room to cut rates but will be cautious, says governor

COLOMBO: Sri Lanka’s central bank has room to cut interest rates further but is treading carefully to preserve a...

Published 12 Sep, 2025 04:20pm

Markets

India’s retail inflation accelerates to 2.07% in August

India’s retail inflation accelerated to 2.07% in August, as food prices inched up. Annual retail inflation quickened...

Published 12 Sep, 2025 04:15pm

Companies

Stile announces resignation of CEO

Shabbir Tiles & Ceramics Limited informed on Friday the resignation of Masood Abbas Jaffery as Chief Executive...

Published 12 Sep, 2025 03:35pm

Companies

Liven Pharma to raise Rs200mn via rights issue to fund new projects

Liven Pharma Limited has announced plans to raise Rs200 million via a rights issue to strengthen its financial...

Published 12 Sep, 2025 03:09pm

Commodities

Gold price per tola gains Rs2,500 in Pakistan

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

Updated 12 Sep, 2025 04:43pm

Business & Finance

Import of used cars poses an ‘existential threat’ to Pakistan’s auto industry

'It is a real travesty that the government feels the import of used vehicles is in the consumer's benefit,' says Senior Vice Chairman of Pakistan Association of Automotive Parts & Accessories Manufacturers

Updated 12 Sep, 2025 04:07pm

Commodities

India poised to export sugar in new season due to ample stocks

NEW DELHI: India, the world’s second biggest sugar producer, will have sufficient surplus stocks of the commodity to...

Published 12 Sep, 2025 01:56pm

Companies

First National Equities enters into Pakistan’s real estate sector

First National Equities Limited (FNEL) announced on Friday that FNE Developments (Private) Limited, a subsidiary of...

Published 12 Sep, 2025 12:05pm

Markets

Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure

Microsoft invested $1 billion in OpenAI in 2019 and another $10 billion at the beginning of 2023

Published 12 Sep, 2025 11:55am

Currency

Crypto exchange Gemini prices IPO above range to raise $425 million

The IPO values Gemini at $3.33 billion on a non-diluted basis, according to a Reuters calculation

Published 12 Sep, 2025 11:45am

Companies

Backward integration: Barkat Frisian Agro to invest Rs690mn in poultry farms, feed facility

Barkat Frisian Agro Limited (BFAGRO), a joint venture between the Netherlands’ Frisian Egg Group and Pakistan’s...

Published 12 Sep, 2025 11:42am

Bullion Rate

Gold set for fourth weekly gain on soft US data, Fed rate outlook

Spot gold was up 0.5% at $3,651.92 per ounce

Published 12 Sep, 2025 11:36am

Companies

At-Tahur Limited to establish wholly owned subsidiary in Pakistan

At-Tahur Limited (PREMA) announced on Friday that its board had accorded approval for the establishment of a wholly...

Published 12 Sep, 2025 11:18am

Companies

Pakistan’s Citi Pharma expands into veterinary healthcare with new subsidiary

Citi Pharma Limited (CPHL) announced that its wholly owned subsidiary, Citi Veterinary Limited (CVL), has commenced...

Published 12 Sep, 2025 11:06am

Stocks

Japan’s Nikkei hits record high, overheating caution limits gains

The Nikkei rose 0.7% to 44,668.23, after gaining as much as 1.16% to a record intraday high of 44,888.02 earlier in the session

Published 12 Sep, 2025 11:02am

Stocks

Australian shares rise on Fed rate cut hopes; head for second weekly loss

The S&P/ASX 200 index rose 0.8% to 8,874.30

Published 12 Sep, 2025 10:52am

Forex

Australian dollar set for best week since April as bullish case builds

The Aussie also scaled a seven-month high on the Japanese yen on Friday

Published 12 Sep, 2025 10:49am

Mutual Funds

India bond yields likely to dip as US inflation data supports Fed cuts

The yield on the 10-year benchmark note is expected to be in the 6.45%-6.49% range

Published 12 Sep, 2025 10:44am

Stocks

India stock benchmarks to open higher on rising bets for US rate cut

Gift Nifty futures were trading at 25,194 points

Published 12 Sep, 2025 10:43am

Markets

Oracle takes a breather after AI-powered record run toward $1 trillion club

Oracle's shares fell about 4% after climbing as much as 35.9% on Wednesday

Published 12 Sep, 2025 10:36am

Stocks

Bulls retreat as KSE-100 faces second consecutive losing session

Benchmark index loses over 1,700 points during trading on Friday

Updated 12 Sep, 2025 06:33pm

Forex

China’s yuan eases from 10-month high, awaits Fed signals for dollar direction

The yuan was 0.05% lower at 7.1219 to the dollar after trading in a range of 7.1179 to 7.1225

Published 12 Sep, 2025 10:24am

Exchange

Pakistani rupee registers 26th successive gain against US dollar

Currency settles at 281.55 against greenback

Updated 12 Sep, 2025 08:50pm

Companies

Thal Limited to invest $16mn in grain storage & milling facility in Punjab

Thal Limited (THALL) has announced plans to establish a wholly owned subsidiary in Pakistan to set up a modern grain...

Published 12 Sep, 2025 09:59am

Energy

Oil jumps nearly 2% after drones strike Russian terminal

Oil prices rose by nearly 2% on Friday after a Ukrainian drone attack on a Russian port suspended loadings,...

Updated 12 Sep, 2025 07:13pm

Forex

Dollar on back foot as jobless claims firm up Fed rate cut views

The dollar index was last trading at 97.585

Published 12 Sep, 2025 08:13am

Stocks

Asian markets ride the Fed easing cycle to record peaks

Japan’s Nikkei climbed 0.6% to another all-time high, bringing gains this week to 3.7%

Updated 12 Sep, 2025 10:25am

Business & Finance

Pakistan’s economy reeling from flood impact: Mian Zahid

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Updated 12 Sep, 2025 07:42am

Technology

InnoVista, PAFLA launch ‘National Agentic AI Hackathon 2025’ in Pakistan

KARACHI: InnoVista, Pakistan’s premier innovation ecosystem enabler, in collaboration with Pakistan Freelancers...

Updated 12 Sep, 2025 07:43am

Industry

UAE inaugurates first fully automated shrimp farm by Pakistani entrepreneur

KARACHI: The United Arab Emirates has officially launched its first fully automated shrimp farm, a pioneering...

Published 12 Sep, 2025 06:28am

Industry

Exports to Bangladesh can be enhanced to USD3bn: FPCCI

KARACHI: Saquib Fayyaz Magoon, SVP FPCCI, has stated that Pakistan’s exports to Bangladesh can be enhanced to USD ...