News Archives for Business & Finance - 2025-09-26

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Business & Finance - 2025-09-26

Stocks

European shares recover from three-week lows, but weekly momentum fizzles

European stocks clawed their way back from three-week lows on Friday, lifted by gains in financials and industrials,...

Published 26 Sep, 2025 09:50pm

Stocks

S&P 500, Nasdaq set to end three-week gaining streak after turbulent stretch

The S&P 500 and the Nasdaq indexes were set to snap a three-week winning streak in a mixed session on Friday, as...

Published 26 Sep, 2025 09:46pm

Stocks

Sri Lankan shares log ninth straight session of gains

Sri Lankan shares closed higher for the ninth successive session on Friday, led by materials and communication...

Published 26 Sep, 2025 09:10pm

Business & Finance

FBR removes ‘estimated market value’ column from tax return forms on PM’s directions

The Federal Board of Revenue (FBR) on Friday announced the removal of the “Estimated Fair Market Value” column from...

Published 26 Sep, 2025 08:50pm

Commodities

Global LNG: Asian spot LNG prices decline on tepid demand, ample inventories

LONDON: Asian spot liquefied natural gas prices declined this week on lacklustre demand and are expected to remain...

Published 26 Sep, 2025 08:30pm

Companies

US probes India’s Waaree Energies for possible evasion of solar tariffs

U.S. customs officials said on Thursday they were investigating whether Indian solar company Waaree Energies...

Published 26 Sep, 2025 08:15pm

Forex

Indian rupee’s rough patch may extend as Trump fires fresh tariff salvo

MUMBAI, : The Indian rupee is likely to stay under pressure on Friday and could slip to an all-time low after U.S....

Published 26 Sep, 2025 08:08pm

Forex

Indian rupee logs worst week in a month as US visa, tariff policies sting

MUMBAI: The Indian rupee hit an all-time low and remained consistently under pressure this week, hurt by worries...

Published 26 Sep, 2025 07:47pm

Stocks

Indian benchmarks hit three-week low as US curbs drag IT, pharma

Indian equity benchmarks fell to a three-week low on Friday, logging their steepest weekly drop in nearly seven...

Published 26 Sep, 2025 07:43pm

Currency

India to gross borrow 6.77 trillion rupees in October-March

NEW DELHI: The Indian government will raise 6.77 trillion rupees ($76.32 billion) through market borrowings during...

Published 26 Sep, 2025 07:38pm

Companies

Transforming the future of work: Resource Cloud launches at ITCN Asia 2025 as the region’s first AI-powered talent cloud

During ITCN Asia 2025 Expo, Mazik Global officially launched Resource Cloud as the region’s first AI-powered,...

Published 26 Sep, 2025 07:35pm

South Asia

India says trade talks with US ‘constructive’, eyes early deal

NEW DELHI: India said on Friday its officials held “constructive” talks with U.S. counterparts during a visit to...

Published 26 Sep, 2025 07:31pm

Markets

Indian Oil Corp plans trading tie up with Vitol; sources say

NEW DELHI: Indian Oil Corp the country’s top refiner, is in talks with European trader Vitol to set up a trading...

Published 26 Sep, 2025 07:25pm

Financial

India cuts ultra long bond supply for Oct-Mar, FY borrowing also dips

NEW DELHI: The Indian government has reduced the proportion of ultra-long bonds in its fiscal second half borrowing...

Published 26 Sep, 2025 07:22pm

Business & Finance

Pakistan forms joint group to cement role as ‘bridge’ linking Gulf, China

Discussions focus on integrating Karachi Port, Port Qasim and Gwadar Port

Published 26 Sep, 2025 03:46pm

Business & Finance

Understanding the ‘fragility’ of Pakistan’s internet and mobile services

Without immediate reforms, Pakistan’s digital economy will continue to suffer, impacting businesses, education, healthcare, and national security, say experts

Published 26 Sep, 2025 03:16pm

Markets

EU says it has 15% ceiling on US pharma tariffs

BRUSSELS: The European Commission said on Friday it had secured a 15% ceiling on US tariffs on pharmaceuticals,...

Published 26 Sep, 2025 03:09pm

Companies

PSO to dissolve venture capital arm

The Board of Pakistan State Oil Company Limited (PSO), the country’s largest oil marketing company (OMC), has...

Published 26 Sep, 2025 02:46pm

Financial

Gold price per tola falls Rs1,000 in Pakistan

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

Published 26 Sep, 2025 01:42pm

Markets

BMW to recall over 196,000 US vehicles due to engine starter defect

BMW is recalling over 196,000 vehicles in the US as the engine starter relay may corrode, leading to overheating and...

Published 26 Sep, 2025 01:36pm

Stocks

European shares bounce off three-week lows on financials, industrials boost

The pan-European STOXX 600 rose 0.3% to 552 points

Published 26 Sep, 2025 01:35pm

Companies

Crescent Star Insurance secures SECP approval for Rs3 rights issue

Crescent Star Insurance Limited (CSIL) announced on Friday that it had received approval from the Securities &...

Published 26 Sep, 2025 11:57am

Companies

Pakistan’s Beco Steel eyes $22mn export orders after successful Hong Kong shipment

Following the successful completion of a copper ingots export order to Hong Kong, Beco Steel Limited is in advanced...

Published 26 Sep, 2025 11:46am

Markets

Turkish Airlines says will buy 225 Boeing planes

ISTANBUL: Turkish Airlines said on Friday it had ordered 75 Boeing aircraft and finalised the purchase of 150...

Published 26 Sep, 2025 11:28am

Companies

Indus Dyeing and Manufacturing uncovers Rs522mn embezzlement by ex-employees

Indus Dyeing and Manufacturing Limited (IDYM), a Pakistani yarn manufacturer, announced that it uncovered a major...

Published 26 Sep, 2025 11:26am

Markets

Starbucks closing stores, including iconic Seattle roastery, as CEO deepens restructuring

The coffee chain's overall US and Canada store count is expected to drop by 1%, or several hundred stores, by the end of the 2025 fiscal year

Published 26 Sep, 2025 11:24am

Energy

OPEC+ is poised to slip further below oil output target

OPEC+ total reductions - voluntary and for the whole group - amounted at their peak to 5.85 million bpd in three different layers

Published 26 Sep, 2025 11:16am

Forex

China’s yuan touches 3-week low, looks set for biggest weekly drop since July

The onshore yuan eased to a trough of 7.1369 per dollar at one point

Published 26 Sep, 2025 11:11am

Stocks

China stocks set to end week near 3-1/2-year high on AI optimism

China's blue-chip CSI300 Index was down 0.4% by the lunch break, while the Shanghai Composite Index lost 0.2%

Published 26 Sep, 2025 11:09am

Commodities

Iron ore set for weekly drop as EU plans steep tariffs on China steel

The benchmark September iron ore on the Singapore Exchange fell 0.09% to $105.5 a ton, and was set to end the week down 0.19%

Published 26 Sep, 2025 11:06am

Commodities

Soybeans set for second weekly drop on China’s absence from US market

Wheat and corn prices also fell on bearish sentiment in the agricultural markets

Published 26 Sep, 2025 11:04am

Markets

ByteDance to set up US company as part of TikTok restructuring, LatePost reports

BEIJING: ByteDance will set up a new US company as part of the restructuring of TikTok’s US operations, Chinese...

Published 26 Sep, 2025 11:02am

Forex

Australia, NZ dollars head for weekly losses; kiwi out of favour

The US dollar, the Aussie was little changed at $0.6538 on Friday, having shed 0.6% overnight to a three-week low of $0.6527

Published 26 Sep, 2025 11:00am

Stocks

Australian shares stuck in narrow range as healthcare stocks drag

The S&P/ASX 200 index fell 13.2 points to 8,759.80

Published 26 Sep, 2025 10:58am

Companies

Sapphire Fibres to merge Reliance Cotton Spinning Mills under approved scheme

The Board of Directors of Sapphire Fibres Limited (SFL) has approved a Scheme of Compromises, Arrangement and...

Published 26 Sep, 2025 10:57am

Commodities

Palm trades in tight range as traders await price outlook

Dalian’s most-active soyoil contract rose 0.22%, while its palm oil contract added 0.8%

Published 26 Sep, 2025 10:53am

Stocks

Japan’s Topix hits record high despite US tariffs on pharma

The Nikkei slipped 0.3% to 45,604.82, after closing at 45,754.93 in the prior session

Published 26 Sep, 2025 10:52am

Exchange

Rupee registers gain against US dollar

Currency settles at 281.37 against greenback in inter-bank market

Updated 26 Sep, 2025 08:50pm

Stocks

KSE-100 settles above 162,000 level as PM Shehbaz meets Trump in Washington

Benchmark index up over 2,700 points during intra-day trading

Updated 26 Sep, 2025 04:43pm

Companies

US based Ingredion to sell majority stake in Rafhan Maize to Nishat Hotels & Properties

Ingredion Incorporated, the majority shareholder of Rafhan Maize Products Company Limited (RMPL), has signed a...

Published 26 Sep, 2025 09:48am

Industry

‘Construction Materials Expo’ inaugurated

KARACHI: Patron-in-Chief of Allied Panel and former chairman of the Association of Builders and Developers (ABAD),...

Published 26 Sep, 2025 08:19am

Industry

Amendments to income tax statement forms: Industrial community expresses its concern

KARACHI: The industrial community has expressed deep concern over recent amendments introduced by the Federal Board...

Published 26 Sep, 2025 08:16am

Forex

Indian rupee rough patch may extend as Trump fires fresh tariff salvo

The 1-month non-deliverable forward indicated the rupee will open around the all-time low of 88.7975 hit earlier this week

Published 26 Sep, 2025 08:16am

Industry

PIEDMC board approves budget of Rs30bn for FY2025-26

LAHORE: Chairman PIEDMC Javed Iqbal presided over the 171st meeting of the Board of Directors of the company. The...

Published 26 Sep, 2025 08:14am

Markets

Gold eases as strong US data lifts dollar; inflation data awaited

Spot gold declined 0.2% to $3,741.21 per ounce

Published 26 Sep, 2025 08:13am

Industry

SMEDA, ILO hold session on roadmap for SMEs and worker formalisation

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) and the International Labour Organization...

Published 26 Sep, 2025 08:13am

Taxes

‘Estimated Current Market Value’: Taxpayers compelled to resubmit returns after insertion of new option

KARACHI: Around 250,000 taxpayers, who have filed income tax returns under deadline, are now compelled to resubmit...

Published 26 Sep, 2025 08:11am

Stocks

India equity benchmarks to open flat; pharma in focus after US tariffs on branded drugs

Gift Nifty futures were trading at 24,939 points

Published 26 Sep, 2025 08:11am

Companies

NBP wins UnionPay International Award

KARACHI: National Bank of Pakistan (NBP) has been honored with the UnionPay International Award for Strategic...

Updated 26 Sep, 2025 08:52am

Companies

Samba Bank signs MoU with GO Pakistan

KARACHI: Samba Bank Limited (SBL) and Gas & Oil Pakistan Ltd. (GO) have signed a Memorandum of Understanding...

Published 26 Sep, 2025 08:09am

Industry

PIAF voices concern over ‘anti-business’ actions by FBR

LAHORE: Pakistan’s fragile economy risks losing much-needed investment as the country’s leading trade body warns...

Published 26 Sep, 2025 07:49am

Forex

Dollar holds gains as attention turns to spending data for Fed clues

The dollar index was steady at 98.473, near a three-week high and on course for a 0.8% rise this week

Published 26 Sep, 2025 07:48am

Industry

‘AI Beyond Border Summit 2025’ held: Freelancing community’s annual earnings could exceed USD1bn mark

KARACHI: Stakeholders foresee that Pakistan’s freelancing community could enhance its annual earnings beyond USD 1...

Published 26 Sep, 2025 07:47am

Stocks

Stocks slump as Trump slaps new tariffs, Fed cut bets recede

China’s CSI300 blue-chip index eased 0.3%, and MSCI’s broadest index of Asia-Pacific shares outside Japan was down more than 1%

Published 26 Sep, 2025 07:45am

Industry

PCDMA demands FBR extend income tax return filing deadline

KARACHI: In a sharp critique of the Federal Board of Revenue (FBR), Salim Valimuhammad, Chairman of the Pakistan...

Published 26 Sep, 2025 07:44am

Energy

Oil prices rise as Russia cuts fuel exports

Brent futures gained 89 cents, or 1.28% to $70.31 a barrel

Updated 26 Sep, 2025 08:33pm

Business & Finance

Regulatory oversight: PSX, SECP sign MoU

KARACHI: Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP) have signed a...

Published 26 Sep, 2025 07:35am

Industry

‘Pakistan holds vast untapped potential in global Halal economy’

KARACHI: Policymakers and industry leaders have stressed that Pakistan holds vast untapped potential in the global...

Published 26 Sep, 2025 06:34am

Business & Finance

Pakistan gearing up to assemble 57-80hp Belarus tractors

ISLAMABAD: Pakistan is gearing up to locally assemble 57–80 horsepower Belarus tractors, in what officials...

Updated 26 Sep, 2025 09:03am

Business & Finance

Actual market value of assets: No changes or amendments in Tax Return Form-2025: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that no changes or amendments have been introduced in ...