News Archives for Business & Finance - 2025-09-16

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Business & Finance - 2025-09-16

Stocks

KE CEO Alvi proposes 100-year Sukuk listing at Pakistan Stock Exchange

KARACHI: K-Electric (KE) has proposed the launch of a perpetual Sukuk or a bond for 100 years at the Pakistan Stock...

Published 16 Sep, 2025 10:28pm

Money & Banking

US Fed opens key meeting after Trump aide sworn in as governor

WASHINGTON: The US Federal Reserve started a key interest rate meeting Tuesday, hours after Donald Trump’s new...

Published 16 Sep, 2025 08:39pm

Business & Finance

India’s Dreamfolks stops domestic airport lounge services

Dreamfolks Services has discontinued airport lounge services in India, it said on Tuesday, adding that other...

Published 16 Sep, 2025 08:31pm

Technology

Trump says US has a buyer for TikTok

WASHINGTON: President Donald Trump said on Tuesday that the US and China have a deal that would keep the short-video...

Published 16 Sep, 2025 07:17pm

World

Trump administration to appeal court decision blocking firing of Fed Governor Cook, White House says

WASHINGTON: The Trump administration will appeal the court decision blocking President Donald Trump’s bid to fire...

Published 16 Sep, 2025 06:14pm

Business & Finance

PM Shehbaz inaugurates Mashreq Digital Bank, calls it ‘milestone’ for Pakistan’s economy

Bank’s establishment to be landmark for promotion of cashless economy: premier

Published 16 Sep, 2025 04:43pm

Companies

Master Changan Motors Limited secures #3 position in August 2025 with 1,486 units sold

Strengthening its foothold as Pakistan’s fastest-growing car brand

Published 16 Sep, 2025 02:46pm

Business & Economy

PIA posts first H1 pre-tax profit in about two decades

National carrier's net profit for the current half year stood at Rs6.8 billion

Published 16 Sep, 2025 02:30pm

Business & Finance

Pakistan’s debt path ‘more sustainable’ than headline figures: Finance ministry

Govt continues to focus on debt-to-GDP reduction, early repayments, and lower interest costs, says ministry

Updated 16 Sep, 2025 10:34pm

Stocks

European shares dip as banks and insurers pull back ahead of Fed decision

The pan-European STOXX 600 index dropped 0.13% to 555.42

Published 16 Sep, 2025 02:13pm

Markets

Ford to cut up 1,000 jobs at Germany’s Cologne e-car plant

In Europe, demand for electric cars remains well below industry forecasts, the statement said.

Published 16 Sep, 2025 02:12pm

Business & Finance

‘Green banking system, mini solar grids key to tackling climate threats’

There is an urgent need to legally bind Pakistani builders and developers to install mini solar, says one expert

Updated 16 Sep, 2025 02:56pm

Companies

National Foods shareholders approve subsidiary restructuring, divestment

Shareholders of National Foods Limited (NATF) have approved the proposed restructuring of its subsidiary’s...

Published 16 Sep, 2025 02:01pm

Energy

IEA says more oil and gas investment may be needed

The forecast, along with its implications for pledges by some governments to reach carbon neutrality, have drawn ire of the oil and gas industry

Published 16 Sep, 2025 01:59pm

Commodities

Gold hits fresh all-time high in Pakistan amid international price hike

Gold prices in Pakistan hit an all-time high in line with their gain in the international market. On Tuesday, gold...

Updated 16 Sep, 2025 06:47pm

Stocks

Top 3 fertiliser companies at Pakistan Stock Exchange as of September 2025

Pakistan’s fertiliser sector is a cornerstone of the country’s agricultural productivity and food security. With...

Published 16 Sep, 2025 01:06pm

Markets

India’s SpiceJet adds 8 more Boeing 737s ahead of festive rush

The latest deal takes the airline's total fleet additions to 18 aircraft

Published 16 Sep, 2025 12:13pm

Markets

France’s BNP to target 13% ROTE in 2028

The group also expects its CET1 ratio to reach 12.5% by end-2027

Published 16 Sep, 2025 12:07pm

Mutual Funds

India bonds on tight rope ahead of state debt sale, Fed policy

The yield on the 10-year benchmark note was at 6.4939%

Published 16 Sep, 2025 12:02pm

Forex

Indian rupee to push higher on dollar weakness in lead up to Fed meeting

The rupee has managed to recover after sliding to a record low of 88.4550 on Friday

Published 16 Sep, 2025 12:01pm

Forex

Australia dollar notches another top, momentum on its side

The Aussie was steady at $0.6667, having earlier edged up to a fresh 10-month top of $0.6677

Published 16 Sep, 2025 11:58am

Stocks

Japan’s Nikkei hits record high as tech stocks track Wall Street gains

The index was up 0.3% at 44,904.13 by the end of the morning session

Published 16 Sep, 2025 11:56am

Markets

Oracle among firms to enable TikTok to continue operations in US, CBS News reports

The precise structure of the deal was not clear, the report said, adding that the deal will include multiple companies

Published 16 Sep, 2025 11:53am

Companies

Pakistan’s textile giant KML activates 4.5MW solar project, 2.7MW more planned

As Pakistan’s industrial sector accelerates toward renewable energy adoption, Kohinoor Mills Limited (KML) has...

Published 16 Sep, 2025 11:52am

Business & Finance

Pakistan, Iran push toward $10bn bilateral trade target

Pakistan and Iran reaffirmed their commitment to deepen economic cooperation, setting sights towards boosting...

Published 16 Sep, 2025 11:39am

Markets

Gold hits new high as Fed rate-cut hopes dent dollar

Spot gold rose 0.1% to $3,681.18 per ounce

Published 16 Sep, 2025 11:37am

Commodities

Wheat extends rally on short covering, Russia duty hike; corn, soy firm

Corn and soybeans also firmed, helped by weakening crop ratings

Published 16 Sep, 2025 11:36am

Stocks

Australian shares edge higher as commodities climb, traders eye jobs data

The S&P/ASX 200 index was up 0.3% at 8,874.90 points

Published 16 Sep, 2025 11:35am

Currency

Pakistani rupee records 28th successive gain against US dollar

Currency settles at 281.51 against greenback

Updated 16 Sep, 2025 07:56pm

Stocks

Equities surge, KSE-100 settles with nearly 800 points gain

Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index closing with a gain...

Updated 16 Sep, 2025 07:04pm

Pakistan

PEC chairman interacts with constructors of AJ&K

ISLAMABAD: Chairman Pakistan Engineering Council (PEC), Engr. Waseem Nazir, visited Muzaffarabad and chaired a...

Published 16 Sep, 2025 08:09am

Industry

Ambassador of Indonesia visits LCCI

LAHORE: The Ambassador of Indonesia Chandra W. Sukotjo on Monday visited the Lahore Chamber of Commerce and Industry...

Published 16 Sep, 2025 07:53am

Industry

APCAA disappointed over KICT operational failures

KARACHI: The Karachi International Container Terminal (KICT) is facing growing criticism over its operational...

Published 16 Sep, 2025 07:52am

Industry

No change in policy rate: Tanveer irked by SBP’s decision

LAHORE: S M Tanveer, FPCCI leader, has expressed deep disappointed over the State Bank of Pakistan’s decision to...

Published 16 Sep, 2025 07:50am

Companies

DIB wins ShaukatKhanum Social Responsibility Award

KARACHI: Dubai Islamic Bank Pakistan (DIB) has been honoured with the ShaukatKhanum Social Responsibility Award 2024...

Published 16 Sep, 2025 07:49am

Taxes

AGP audit highlights tax complexities regarding steel sector

ISLAMABAD: A special audit of the steel sector has found that a major incentive of minimum price fixation had been...

Published 16 Sep, 2025 07:48am

Industry

Business community expresses dismay at SBP’s policy rate decision

KARACHI: The business community on Monday expressed dismay over the State Bank of Pakistan’s (SBP) decision to ...

Published 16 Sep, 2025 07:46am

Industry

EPBD describes unchanged policy rate as a ‘poor decision’

ISLAMABAD: The Economic Policy and Business Development (EPBD), economic think tank, strongly criticized the ...

Published 16 Sep, 2025 07:43am

Stocks

India equity benchmarks set to open higher on hopes of easing trade woes

Gift Nifty futures were trading at 25,158.5 points as of 07:44

Published 16 Sep, 2025 07:40am

Taxes

Super tax case: FBR counsel urges SC to set aside IHC ‘overreach’

ISLAMABAD: The Federal Board of Revenue (FBR) counsel urged the Supreme Court to set aside what she termed...

Published 16 Sep, 2025 07:39am

Forex

Dollar on back foot as traders eye series of Fed rate cuts

The US dollar was flat at 147.42 yen

Published 16 Sep, 2025 07:38am

Industry

DG Engineering & Minerals Division visits 3P Exhibition

KARACHI: Plastic, Printing & Packaging Exhibition was visited by TDAP Director General, Azhar Ali Dahar, on...

Published 16 Sep, 2025 07:35am

Stocks

Asia stocks scale new highs, dollar tentative as investors eye Fed cut

MSCI's broadest index of Asia-Pacific shares outside Japan rose to a more than four-year top early on Tuesday and last traded 0.3% higher

Published 16 Sep, 2025 07:35am

Business & Finance

TTS: AGP says concerned at ‘inefficient’ performance of FBR

ISLAMABAD: Auditor General of Pakistan (AGP) has expressed serious concern over an inefficient performance and weak...

Published 16 Sep, 2025 07:34am

Energy

Oil gains as market weighs Russia supply risk, US rate decision

LONDON: Oil prices rose on Tuesday as markets weighed a potential disruption of supplies from Russia due to...

Updated 16 Sep, 2025 07:44pm

Industry

Karachi-based industry: PALSP seeks SIFC’s intervention for release of incremental power relief

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has sought Special Investment Facilitation...

Published 16 Sep, 2025 07:27am

Industry

KCCI approves amendments to its M&AOA

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani while presiding over an...

Published 16 Sep, 2025 07:25am

Technology

All compromised npm packages: NCERT urges organizations to upgrade to latest fixed versions

ISLAMABAD: A critical supply chain compromise has been disclosed in the npm JavaScript ecosystem, exposing...

Published 16 Sep, 2025 07:20am

Business & Finance

Pakistan, Poland vow to forge stronger economic ties

ISLAMABAD: Maciej Pisarski, Poland’s Ambassador to Pakistan, called on the Federal Minister for Finance and...

Published 16 Sep, 2025 07:17am

Business & Finance

PBF urges Aurangzeb to approve agri relief package

KARACHI: In the face of unprecedented flooding that has devastated vast swathes of Pakistan’s farmland, the...

Published 16 Sep, 2025 07:14am

Industry

Illicit cigarette trade: PMPKL urges authorities to take targeted enforcement steps

ISLAMABAD: Philip Morris (Pakistan) Limited (PMPKL) has urged authorities to take targeted enforcement measures at...

Updated 16 Sep, 2025 08:41am

Industry

SMEDA to facilitate hunting, sporting swords and accessories makers

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) will facilitate the hunting and sporting...

Published 16 Sep, 2025 07:09am

Business & Finance

Sri Lanka economy reports 4.9pc growth in Q2

COLOMBO: Sri Lanka’s economy grew 4.9 percent year-on-year in the second quarter of 2025, official data showed on...