News Archives for Business & Finance - 2025-09-23

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Business & Finance - 2025-09-23

Business & Finance

Pakistan to introduce reforms on venture capital, forex, double taxation: Haroon Akhtar

The government is preparing a comprehensive package of reforms to strengthen investor confidence and improve the...

Published 23 Sep, 2025 09:41pm

Stocks

European shares rise as US spending boosts luxury stocks

European stocks touched their highest in more than a week on Tuesday, lifted by a rally in luxury goods companies on...

Published 23 Sep, 2025 09:35pm

Commodities

Copper creeps higher on supply concerns, but inventories weigh

LONDON: Copper edged higher on Tuesday as supply disruptions and interest rate cuts offset worries about high...

Published 23 Sep, 2025 09:28pm

Stocks

Wall Street mixed with Powell in spotlight for rate outlook

Wall Street’s main indexes were mixed on Tuesday as the recent tech-fueled rally took a breather, while investors...

Published 23 Sep, 2025 07:48pm

Stocks

TSX scales fresh record high on gold, energy stocks

Canada’s main stock index scaled to a fresh intraday record high on Tuesday, lifted by gold mining and energy...

Published 23 Sep, 2025 07:43pm

Companies

India’s Paytm unit partners with Jio BlackRock to launch active equity fund

Indian fintech firm Paytm’s unit Paytm Money has partnered with Jio BlackRock to launch a systematic active equity...

Published 23 Sep, 2025 07:38pm

Pakistan

Pakistan seeks deeper trade and investment linkages with Hungary: Dar

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Tuesday said Pakistan was keen to deepen...

Updated 23 Sep, 2025 11:29pm

Markets

Importers decry ‘propaganda’ against five-year-old used car imports

KARACHI: Importers and used car dealers have expressed grave concerns over what they termed a “propaganda campaign”...

Published 23 Sep, 2025 06:10pm

Financial

India bonds gain as strong demand drives down state debt yields

MUMBAI: Indian government bonds gained on Tuesday, recovering from the day’s losses, as strong demand at the weekly...

Published 23 Sep, 2025 04:53pm

Markets

Pakistan bought about 180,000 tons soybeans in September, expected U.S. origin

HAMBURG: Importers in Pakistan purchased an estimated 180,000 metric tons of soybeans in September expected to be...

Published 23 Sep, 2025 04:45pm

Business & Finance

After years of progress, Pakistan sees poverty rise again as World Bank urges people‑centred reforms

Pakistan’s decades-long progress in poverty reduction has halted and reversed since 2020, as compounding...

Updated 23 Sep, 2025 10:55pm

Commodities

Cocoa prices slide to two-month lows, coffee also falls

LONDON: Cocoa futures on ICE fell to two-month lows on Tuesday with most expecting a substantial global surplus in...

Published 23 Sep, 2025 04:37pm

Companies

UK’s Jaguar Land Rover cyberattack shutdown to hit four weeks

LONDON: Britain’s biggest car maker Jaguar Land Rover (JLR) is extending the closure of its factories until October...

Published 23 Sep, 2025 04:31pm

Forex

Indian rupee hits record low as US tariff, visa policies heap pressure

MUMBAI: The Indian rupee hit a record low on Tuesday, hurt by lingering concerns over the impact of steep U.S....

Published 23 Sep, 2025 04:26pm

Technology

Accenture proposes new campus in India’s Andhra Pradesh, eyes adding 12,000 jobs

HYDERABAD/BENGALURU: Tech consultancy Accenture has proposed setting up a new campus in the southern Indian state of...

Published 23 Sep, 2025 04:22pm

Commodities

Palm oil closes lowest in six weeks as Argentina lifts soyoil export tax

KUALA LUMPUR: Malaysian palm oil futures declined more than 2% on Tuesday, hitting their lowest since August 8,...

Published 23 Sep, 2025 04:08pm

Technology

IT sector to be ‘core element’ under KSA-Pakistan agreement: Shaza Fatima

Federal Minister for IT and Telecommunication Shaza Fatima Khawaja on Tuesday said that the IT sector will be a...

Published 23 Sep, 2025 04:05pm

Stocks

Indian benchmarks muted as US visa worries offset consumption optimism

India’s equity benchmarks ended little changed on Tuesday as concerns over the impact of steep new H1-B visa fee...

Published 23 Sep, 2025 04:03pm

Companies

CEO of Flying Cement passes away

Chief Executive Officer (CEO) of Flying Cement Company Limited Agha Humayun Khan, passed away on Monday. The company...

Published 23 Sep, 2025 03:24pm

Companies

Pakistani fertiliser firm signs non-compete deal with US-based FMC, gets $6mn

United Distributors Pakistan Limited (UDPL) has entered into a non-compete arrangement with FMC Corporation, under...

Published 23 Sep, 2025 03:13pm

Financial

Gold surges to record-breaking high in Pakistan

Gold prices continued their upward trajectory to hit a fresh record high in Pakistan on Tuesday, in line with their...

Published 23 Sep, 2025 02:03pm

Stocks

Bangladesh tenders to buy 50,000 metric tons of rice, traders say

HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of rice,...

Published 23 Sep, 2025 01:56pm

Stocks

European shares open higher on utilities boost, but ASMI caps gains

European shares edged higher on Tuesday, with wind energy stocks taking an early lead after Orsted jumped on a...

Published 23 Sep, 2025 01:55pm

Business & Finance

New berths, storage facilities announced for Port Qasim to boost exports

The government has unveiled major initiatives at Port Qasim aimed at boosting cement and clinker exports, including...

Published 23 Sep, 2025 01:47pm

Companies

Master Changan to launch Pakistan’s first CKD range-extended hybrid electric vehicle

A new era of mobility is about to begin. This November 2025, Master Changan Motors Limited (MCML) will roll out...

Published 23 Sep, 2025 01:44pm

Energy

China enlists solar panels in war to halt desert sands

YINCHUAN: In arid northern China, dozens of workers prune goji berry bushes that stretch out under the protective...

Published 23 Sep, 2025 01:10pm

Commodities

Pakistan gets offers in 100,000 metric ton sugar tender, traders say

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of white...

Updated 23 Sep, 2025 01:29pm

Companies

SBP approves LemFi partnership with United Bank for remittances to Pakistan

RightCard Payment Service Limited, trading as LemFi, a leading international payments platform, announced today that...

Published 23 Sep, 2025 12:45pm

Companies

OGDC’s profit down 19% in FY25 amid lower sales

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Published 23 Sep, 2025 12:42pm

Mutual Funds

China, HK shares drop as tech drags, investors eye policy support

China's blue-chip CSI300 Index and the Shanghai Composite Index lost 1.2% each

Published 23 Sep, 2025 12:32pm

Mutual Funds

India bonds inch lower ahead of government debt plan

MUMBAI: Indian government bonds dipped slightly in early trading on Tuesday as traders cautiously await the central...

Published 23 Sep, 2025 12:28pm

Energy

Sri Lanka says no immediate LNG imports from India as infrastructure lags

NEW DELHI: Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required...

Published 23 Sep, 2025 12:06pm

Energy

India’s August crude oil imports rise 3.8% m/m

India’s crude oil imports rose 3.76% in August to 19.60 million metric tons month-on-month, government data showed...

Published 23 Sep, 2025 11:49am

Mutual Funds

Soybeans drop for 5th session on China demand worries, Argentina competition

SINGAPORE: Chicago soybeans lost more ground on Tuesday to trade at their lowest level in six weeks, weighed down by...

Published 23 Sep, 2025 11:41am

Mutual Funds

Philippines awards $470mn T-bonds at auction

Tenders total 63.67 billion pesos

Published 23 Sep, 2025 11:38am

Energy

China receives sixth cargo from sanctioned Russian LNG project

A sixth tanker carrying liquefied natural gas from Russia’s sanctioned Arctic LNG 2 project discharged at China’s...

Published 23 Sep, 2025 11:35am

Commodities

Palm oil drops 3% as Argentina lifts soyoil export tax

Soyoil prices on the Chicago Board of Trade were down 1.59%

Published 23 Sep, 2025 11:32am

Forex

Australia, New Zealand dollars slip, RBNZ about to get new chief

The kiwi slipped 0.2% to $0.5858 on Tuesday, after gaining 0.2% overnight to bounce away from a three-week low of $0.5843

Published 23 Sep, 2025 11:16am

Stocks

Australian shares rise on mining boost, inflation data in focus

The S&P/ASX 200 index climbed 0.5% to 8,851.90

Published 23 Sep, 2025 11:14am

Companies

Shabbir Tiles appoints Syed Abul Fazal Rizvi as new CEO

Shabbir Tiles and Ceramics Limited has appointed Syed Abul Fazal Rizvi as its new Chief Executive Officer (CEO),...

Published 23 Sep, 2025 10:41am

Exchange

Pakistani rupee sees 33rd successive gain against US dollar

Currency settles at 281.42 against greenback

Updated 23 Sep, 2025 09:29pm

Agriculture and Allied

Pakistan floods batter fields, factories and fiscal plans

KARACHI/ ISLAMABAD: Massive floods in Pakistan have struck both the rural heartland and industrial centres for the...

Published 23 Sep, 2025 09:59am

Stocks

KSE-100 Index ekes out gain of nearly 400 points after volatile trading

The Pakistan Stock Exchange (PSX) witnessed volatile session on Tuesday, with its benchmark KSE-100 Index closing...

Updated 23 Sep, 2025 08:33pm

Forex

Dollar pullback to offer no relief with Indian rupee caught in US crosswinds

At current levels, the rupee is only a shade away from the all-time low of 88.4550 marked two weeks back

Published 23 Sep, 2025 08:08am

Markets

Gold hits record high as traders bet on US rate cuts, eye Powell’s signal

Spot gold held its ground at $3,743.39 per ounce

Published 23 Sep, 2025 08:06am

Stocks

Indian benchmarks to open flat as US trade optimism balances visa worries

Gift Nifty futures were trading at 25,256.5 points

Published 23 Sep, 2025 08:03am

Forex

Dollar pauses for breath with Fed speakers in focus

Against the yen, the dollar was flat at 147.74 yen , remaining firmly in the trading range it has sat in since the start of August

Published 23 Sep, 2025 07:48am

Energy

Oil rises $1/bbl as restart of Kurdish oil exports stalls

Brent crude futures were up $1.18, or 1.8%, to $67.75 a barrel

Updated 23 Sep, 2025 08:17pm

Stocks

Asia stocks buoyed by AI rush, gold at fresh peaks

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, to be 5.5% higher on the month

Published 23 Sep, 2025 07:38am

Industry

‘Furniture Living Expo’ held

KARACHI: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Muhammad Aman ...

Updated 23 Sep, 2025 08:24am

Pakistan

CCP recovers over Rs1bn in fines through enforcement actions

ISLAMABAD: The Competition Commission of Pakistan (CCP) has emerged as one of the country’s most proactive...

Published 23 Sep, 2025 06:43am

Business & Finance

PMN & UNIDO announce Microfinance Conference in Karachi

KARACHI: The Annual Microfinance Conference (AMC) is an annual feature, and its 9th edition is being held on Oct ...

Published 23 Sep, 2025 06:42am

Business & Finance

330MW HPPs in KP to start production in two years

PESHAWAR: Secretary Energy and Power Khyber Pakhtunkhwa Mohammad Zubair has said that work is under way on three...

Published 23 Sep, 2025 06:25am

Business & Finance

Gilani for expansion of bilateral trade volume with Australia

ISLAMABAD: Chairman of the Senate Yousaf Raza Gilani has said that the current bilateral trade volume of USD 2.5...

Published 23 Sep, 2025 06:23am

Business & Finance

Dubai: Pakistani businesses serve confectionery delights at region’s biggest snacks trade show

Pakistan was represented by 15 exhibitors, who were looking to expand their market reach

Updated 23 Sep, 2025 01:50pm

Business & Finance

UBG leader for further enhancing trade ties with KSA

KARACHI: President of the United Business Group (UBG) Zubair Tufail has said that UBG and FPCCI will fully support...