News Archives for Business & Finance - 2025-09-17

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Business & Finance - 2025-09-17

Business & Finance

Loans only provide temporary relief, says Gohar Ejaz

Former caretaker federal minister Gohar Ejaz has said that loans only provide temporary relief and cannot serve as a...

Published 17 Sep, 2025 10:17pm

Markets

Record gold prices in India fail to unlock scrap supply

NEW DELHI: Supplies of used gold jewellery and coins, typically released when investors book profits, have been...

Published 17 Sep, 2025 09:33pm

Commodities

Arabica coffee prices fall sharply, sugar also down

LONDON: Arabica coffee futures on ICE fell sharply on Wednesday, retreating from the prior session’s near...

Published 17 Sep, 2025 07:48pm

Stocks

Wall St mixed ahead of Fed’s rate decision; Nvidia slips

Wall Street’s main indexes were mixed in choppy trading on Wednesday, with the S&P 500 muted ahead of a widely...

Published 17 Sep, 2025 07:41pm

Commodities

Iran bought corn in 120,000 ton tender this week, traders say

HAMBURG: Iranian state-owned animal feed importer SLAL is believed to have purchased animal feed corn in an...

Published 17 Sep, 2025 07:36pm

Commodities

India’s rice stocks hit record, wheat at four-year high

MUMBAI: India’s rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early...

Published 17 Sep, 2025 07:30pm

Technology

YouTube, new leader of US media industry, bets on AI as key for creating content

NEW YORK: On its 20th birthday, YouTube is unrecognizable as the scrappy video site that began as the domain of...

Published 17 Sep, 2025 07:12pm

Money & Banking

Fed delivers normal-sized rate cut, sees steady pace of further reductions; Miran dissents

WASHINGTON: The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it...

Updated 18 Sep, 2025 12:32am

Stocks

Sri Lankan shares close higher as IT, utilities lead gains

The CSE All-Share index rose 0.76% to 20,775.42.

Published 17 Sep, 2025 05:29pm

Financial

India bonds track Treauries higher prior to Fed policy

MUMBAI: Indian government bonds rose on Wednesday, in sync with U.S. Treasuries, as traders bought in anticipation...

Published 17 Sep, 2025 05:00pm

Middle East

ADNOC-led consortium pulls bid for Australia’s Santos

DUBAI: Abu Dhabi National Oil Company’s international investment arm XRG said on Wednesday that an investor group it...

Published 17 Sep, 2025 04:36pm

Forex

Indian rupee posts best day in a month as investors gear up for Fed outcome

MUMBAI: The Indian rupee rose on Wednesday, supported by a weaker dollar ahead of an expected U.S. Federal Reserve...

Published 17 Sep, 2025 04:07pm

Stocks

Indian shares edge higher on US trade talks, Fed rate cut prospects

Indian shares edged higher on Wednesday, driven by broad-based gains, as progress in trade talks with the United...

Published 17 Sep, 2025 04:00pm

Markets

India’s Urban Company soars 74% in trading debut, hits about $3 billion valuation

Urban Company’s shares surged 74% in their trading debut on Wednesday, notching a $3 billion valuation, after one of...

Published 17 Sep, 2025 03:52pm

Commodities

Palm oil climbs, stronger ringgit caps gains

JAKARTA: Malaysian palm oil futures closed higher on Wednesday, paring some gains from the previous session after...

Published 17 Sep, 2025 03:48pm

Markets

India’s central bank forms committee for periodic review of regulations

India’s central bank said on Wednesday that it has set up a body to review its regulations periodically. The Reserve...

Published 17 Sep, 2025 03:44pm

Bullion Rate

Gold price per tola falls Rs2,400 in Pakistan

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

Published 17 Sep, 2025 03:28pm

Companies

Hala Enterprises to boost weaving capacity with new machinery import from China

Hala Enterprises Limited (HAEL) has opened a $217,600 Letter of Credit (LC) to import new Air Jet Terry Towel...

Published 17 Sep, 2025 03:21pm

Companies

Local investors eye controlling stake in First IBL Modaraba

First IBL Modaraba announced on Wednesday that local investors had expressed interest in acquiring a controlling...

Published 17 Sep, 2025 02:13pm

Stocks

European shares edge higher with US Fed decision in spotlight

The pan-European STOXX 600 edged up 0.1% at 551.56 points

Published 17 Sep, 2025 02:04pm

Business & Finance

Delay in PCCC–PARC merger could put cotton production in serious jeopardy

Government must treat issue as an agricultural emergency, experts warn

Published 17 Sep, 2025 01:10pm

Statistics

Inflation expected to hit 11-month high amid flood-induced food price hike in Pakistan

Consumer Price Index stood at 3% in August

Updated 17 Sep, 2025 10:19pm

Markets

Adani-led Sri Lanka container terminal to double capacity ahead of deadline

COLOMBO: India’s Adani Group and its partners are set to double the capacity of a $840 million container terminal in...

Published 17 Sep, 2025 12:51pm

Technology

India’s gaming fans eye illegal sites after gambling ban

The law has been challenged in court by a top online card games platform

Published 17 Sep, 2025 12:39pm

Markets

Britain’s GSK vows $30bn investment in US as Trump visits

LONDON: British pharmaceutical group GSK said Wednesday it will invest $30 billion in the United States over the...

Published 17 Sep, 2025 12:09pm

Stocks

Hong Kong stocks climb to four-year high on AI optimism, TikTok deal progress

Mainland Chinese stocks hovered near a 3-1/2-year peak

Published 17 Sep, 2025 12:04pm

Forex

China yuan hovers around 10-month high ahead of Fed decision, Powell remarks

The yuan, like other major Asian currencies, has been buoyed by dovish Fed expectations

Published 17 Sep, 2025 12:02pm

Commodities

Palm rises on stronger rival edible oils

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 64 Malaysian ringgit

Published 17 Sep, 2025 11:59am

Mutual Funds

Fed guidance to shape India’s 10-year bond yield trajectory from 6.50% mark

The yield on the 10-year benchmark note is expected to be in the 6.48%-6.52% range

Published 17 Sep, 2025 11:36am

Companies

Pakistan’s Toyota assembler warns used car imports could disrupt auto sector

Indus Motor Company Limited (INDU), the assembler of Toyota vehicles in Pakistan, has cautioned that easing used car...

Published 17 Sep, 2025 11:36am

Markets

Nestle shares indicated slightly higher after chairman’s early departure

The company's shares, which have lost nearly 18% in the last 12 months

Published 17 Sep, 2025 11:28am

Forex

Australian dollar notches another high for the year but stalls at resistance

The Aussie slipped 0.1% to $0.6679, having earlier edged up to a fresh 11-month top of $0.6690

Published 17 Sep, 2025 11:24am

Forex

Dollar holds soft tone on rate cut expectations, Powell comments

Markets are pricing 67.9 bps of cuts by the end of the year

Published 17 Sep, 2025 11:21am

Stocks

Australian shares dip as banks, miners weigh ahead of key jobs data

The S&P/ASX 200 index slipped 0.4% at 8,846.90 points

Published 17 Sep, 2025 11:16am

Companies

Systems Limited eyes potential acquisition in IT services business

Systems Limited informed on Wednesday that it was considering a potential acquisition of Information Technology (IT)...

Published 17 Sep, 2025 10:41am

Companies

FNEL subsidiary teams up with Hashoo, Neelishang to develop Pearl Resorts in Pakistan

First National Equities Limited (FNEL) announced on Wednesday that its subsidiary, FNE Developments (Pvt.) Ltd will...

Published 17 Sep, 2025 10:32am

Companies

Pakistan’s meat exports get lift as The Organic Meat Company bags $7.5mn Chinese orders

In a positive development for Pakistan’s meat sector, The Organic Meat Company Limited (TOMCL) has secured confirmed...

Updated 17 Sep, 2025 04:43pm

Stocks

KSE-100 ends flat after volatile session

A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index oscillating...

Updated 17 Sep, 2025 07:10pm

Exchange

Pakistani rupee registers 29th consecutive gain against US dollar

Currency settles at 281.50 against greenback

Updated 17 Sep, 2025 10:05pm

Forex

Indian rupee recovery to pick pace with Fed set to kick off rate cuts

The 1-month non-deliverable forward indicated the rupee will open in the 87.86-87.90 range versus the US dollar

Published 17 Sep, 2025 09:04am

Stocks

India stock benchmarks open higher on US trade talk optimism

The Nifty 50 added 0.15% to 25,276.6 and the BSE Sensex rose 0.15% to 82,506.4

Published 17 Sep, 2025 09:01am

Bullion Rate

Gold’s record rally takes breather as spotlight shifts to Fed

Spot gold was down 0.2% at $3,681.23 per ounce

Published 17 Sep, 2025 08:58am

Energy

Oil edges lower on US demand concerns ahead of Fed interest rate decision

Brent crude futures lost 44 cents, or 0.64%, to $68.03 a barrel

Updated 17 Sep, 2025 09:07pm

Stocks

Dollar and shares languish, gold glitters as Fed verdict looms large

Japan’s Nikkei stock index slid 0.1% after a record close on Tuesday

Updated 17 Sep, 2025 11:19am

Pakistan

Super Tax levied under Section 4C: SC hears appeals against judgements of Sindh, Lahore and Islamabad HCs

ISLAMABAD: The Supreme Court was asked to uphold the Parliament’s fiscal autonomy and the presumption of...

Published 17 Sep, 2025 08:16am

Industry

Ninth Industrial Expo from 27th at Expo Centre Lahore

LAHORE: The Ninth edition of the Pakistan Industrial Expo (PIE 2025) will be held from September 27 to 29, 2025, at...

Published 17 Sep, 2025 08:06am

Companies

BOP holds corporate briefing for analysts and investors

LAHORE: The Bank of Punjab (BOP) hosted a corporate briefing for brokerages, research analysts, and market...

Published 17 Sep, 2025 08:04am

Industry

2nd Pakistan Int’l Date Palm Show opens at Expo Centre Karachi

KARACHI: The 2nd Pakistan International Date Palm Show was inaugurated at the Expo Centre Karachi, bringing together...

Published 17 Sep, 2025 08:02am

Companies

‘Employer of Choice’: EBM ranks 5th on Gender Diversity Awards’ top-10 list

KARACHI: English Biscuit Manufacturers (EBM), Pakistan’s leading FMCG company, has been recognized among the Top 5...

Updated 17 Sep, 2025 08:49am

Companies

Mashreq Bank declared a scheduled bank

KARACHI: The State Bank of Pakistan (SBP) has declared Mashreq Bank Pakistan Limited as a scheduled bank. Consequent...

Published 17 Sep, 2025 07:55am

Industry

NKATI unhappy over SBP’s decision to keep rate unchanged

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has warned that...

Published 17 Sep, 2025 07:51am

Industry

Opportunities explored for Pak engineers in Australia

ISLAMABAD: Pakistan Engineering Council (PEC), under the leadership of Chairman Engr Waseem Nazir, has embarked an...

Published 17 Sep, 2025 07:50am

Industry

Pakistan, Malaysia exploring opportunities to boost trade

KARACHI: Pakistan and Malaysia are exploring opportunities to strengthen bilateral trade and investment, with a...

Published 17 Sep, 2025 07:47am

Business & Finance

Against forecasts of ADB and IMF: Study suggests ‘DFM framework’ for real-time GDP tracking

ISLAMABAD: A new econometric study has proposed a dynamic factor model (DFM) framework, claiming that it provides...

Published 17 Sep, 2025 07:44am

Industry

Trade, industry & investment cooperation: FPCCI hosts consultative meeting with HC Malaysia, other diplomats

KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 17 Sep, 2025 07:41am

Companies

KE’s Retail Listed Short-Term Sukuk: Gong ceremony held to mark successful listing

KARACHI: A gong ceremony was held at the Pakistan Stock Exchange (PSX) on Tuesday to mark the successful listing of...

Published 17 Sep, 2025 07:39am

Energy

KAPCO starts commercial operations of 495MW plant

KARACHI: Kot Addu Power Company Limited has successfully completed the Initial Tested Capacity (ICT) and Initial ...

Published 17 Sep, 2025 07:35am

Business & Finance

RAAST network expansion: CDC takes KTrade on board

KARACHI: The Central Depository Company of Pakistan (CDC) has expanded its RAAST Aggregator Platform by onboarding...

Published 17 Sep, 2025 07:34am

Business & Finance

Fertilizer manufacturers: Dar reviews suggestions for gas supply

ISLAMABAD: Foreign Minister, Senator Mohammad Ishaq Dar, on Tuesday chaired a meeting on sustainable gas supply to...

Published 17 Sep, 2025 07:29am

Companies

For Dubai-based Mustafa Hemani, success came after many, many failures

Hemani arrived in Dubai in April 1995 with $600 in his pocket. His company now sells over 2,000 herbal products

Published 17 Sep, 2025 06:20am

Industry

Illicit cigarette trade: Philip Morris urges authorities to take targeted steps

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

Published 17 Sep, 2025 06:20am

Taxes

KTBA urges FBR to resolve systemic issues of IRIS

KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to resolve multiple ...

Published 17 Sep, 2025 06:20am

Taxes

WHT statements defaults: LHC directs ATIR to issue order on FBR’s penalties

ISLAMABAD: The Lahore High Court (LHC) has passed a landmark order in favour of FBR regarding the deletion of...

Published 17 Sep, 2025 06:20am

Business & Finance

SAPM expresses intention to open NBP branch in Uzbekistan

ISLAMABAD: Following the vision of the Prime Minister Muhammad Shehbaz Sharif to deepen the strategic partnership...

Published 17 Sep, 2025 06:20am

Business & Finance

President for exploring Pak-China joint ventures in e-vehicles

SHANGHAI: President Asif Ali Zardari on Tuesday met Yin Tongyue, Chairman of the Board of Chery Holding Co, Ltd and...

Updated 17 Sep, 2025 08:47am

Industry

Pakistan, Iran agree to remove impediments to border trade

ISLAMABAD: Pakistan and Iran have agreed to remove obstacles hindering bilateral trade and economic ties between the...

Published 17 Sep, 2025 06:20am

Industry

Mines & minerals: Emerging sector attracting noted foreign entities, investors: Makda

KARACHI: Pakistan’s’ emerging sector for natural resources, particularly mines and minerals are attracting...

Published 17 Sep, 2025 06:20am

Business & Finance

PM launches Mashreq Bank’s digital operations in Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday inaugurated Mashreq Digital Bank, hailing the UAE-based...

Updated 17 Sep, 2025 07:39am

Money & Banking

Dollar sinks to four-year low vs euro

NEW YORK: The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors ...

Published 17 Sep, 2025 06:20am

Companies

Citibank launches transformative AI tools in Pakistan

KARACHI: Citibank announced the deployment of its advanced Artificial Intelligence (AI) tools across its operations...

Updated 17 Sep, 2025 07:57am

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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