News Archives for Business & Finance - 2025-09-30

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Business & Finance - 2025-09-30

Money & Banking

India central bank retains call rate as policy anchor in liquidity framework

India’s central bank has retained the overnight weighted average call rate as the operating target of monetary...

Published 30 Sep, 2025 08:03pm

Business & Finance

New India Assurance ordered to pay 23.79 billion rupees by tax authority

MUMBAI: New India Assurance, India’s largest state-backed general insurer, has been ordered to pay 23.79 billion...

Published 30 Sep, 2025 07:56pm

Stocks

India extends timeline to roll out algo trading for retail investors

India’s markets regulator has extended the timeline to roll out algorithmic trading for retail investors, giving...

Published 30 Sep, 2025 07:52pm

Business & Finance

India’s trade pact with EFTA bloc to take effect from Wednesday

NEW DELHI: India’s trade pact with four European nations, including Switzerland and Norway, will take effect from...

Published 30 Sep, 2025 07:50pm

Business & Finance

Govt’s housing finance scheme will only support limited segment, experts say

Government should increase financing limit from banks, industry sources say

Published 30 Sep, 2025 06:04pm

Statistics

Pakistan’s finance ministry projects September inflation at 3.5–4.5% despite floods

Pakistan’s finance ministry on Tuesday projected consumer inflation for September to remain in a 3.5-4.5% range,...

Updated 30 Sep, 2025 10:47pm

Companies

Expanding operations: Air Link to establish production facility in Lahore

Air Link Communication Limited (AIRLINK), a Pakistani technology firm, has unveiled a major expansion plan,...

Published 30 Sep, 2025 03:51pm

Companies

Finnish tech giant Metso keen to invest in Pakistan’s Reko Diq

Finnish technology giant, Metso, has expressed interest in making a significant investment in Pakistan’s mineral...

Published 30 Sep, 2025 02:44pm

Markets

Kia America to recall over 39,500 vehicles in US over fire risks

Kia America is recalling over 39,500 vehicles in the US as the heating, ventilation, and air conditioning blower...

Published 30 Sep, 2025 02:38pm

Commodities

Gold price per tola gains Rs3,178 to hit fresh record high in Pakistan

Gold prices in Pakistan hit a new high on Tuesday, in line with their increase in the international rates. In the...

Updated 30 Sep, 2025 08:46pm

Stocks

Australian shares edge higher ahead of RBA decision, but set to snap five-month rally

The S&P/ASX 200 index rose 0.2% to 8,880.40

Published 30 Sep, 2025 01:08pm

Mutual Funds

Bearish bets to persist in India 10-year bond, valuation buying to cap downside

The yield on the 10-year benchmark note is expected to move between 6.52% and 6.58%

Published 30 Sep, 2025 01:05pm

Stocks

Japan’s Nikkei falls on half-yearly portfolio adjustment

The Nikkei was down 0.1% at 44,996.05. The broader Topix edged down 0.08% at 3,128.46

Published 30 Sep, 2025 01:02pm

Forex

Australia dollar pops higher as RBA takes hawkish tack

SYDNEY: The Australian dollar popped higher on Tuesday after the country’s central bank held interest rates steady...

Published 30 Sep, 2025 12:59pm

Commodities

Palm slips as weak rival oils, crude oil prices weigh

KUALA LUMPUR: Malaysian palm oil futures extended losses for a third straight session on Tuesday, as weakness in...

Published 30 Sep, 2025 12:55pm

Markets

UBS says government capital proposals would weaken bank and Swiss economy

ZURICH: UBS on Tuesday said government proposals for Switzerland’s biggest bank to hold more capital would weaken...

Published 30 Sep, 2025 12:51pm

Companies

Chenab Limited appoints Mian Muhammad Latif as CEO amid Naeem’s resignation

Chenab Limited, a Pakistani textile exporter, has announced a leadership reshuffle, with Muhammad Naeem stepping...

Published 30 Sep, 2025 12:45pm

Markets

UK economy grew 0.3% in Q2, current account gap widens

LONDON: Britain’s economy grew 0.3% in the April-to-June period of this year, the Office for National Statistics...

Published 30 Sep, 2025 12:39pm

Markets

ADB sees resilient growth in developing Asia, warns of tariff headwinds

Growth in 2025 is now projected at 4.8%, up slightly from 4.7% in July, the ADB said it an update to its Asian Development Outlook

Published 30 Sep, 2025 12:25pm

Companies

Mari Energies secures majority stake in Peshawar block from Hycarbex

Mari Energies Limited (MARI) has signed a farm-out agreement with Hycarbex American Energy Inc. to acquire a 65%...

Published 30 Sep, 2025 11:31am

Business & Finance

Could dragon fruits be Pakistan’s next big export opportunity?

Dragon fruits, known for their bright colour and health benefits, should be pomoted locally as well as exported, farmers say

Updated 30 Sep, 2025 12:43pm

Business & Finance

Reforms and US trade deal to bolster Pakistan’s economy, but flood risks loom: ADB

Pakistan’s economic growth is expected to strengthen in FY2026 as macroeconomic stability broadens through continued...

Updated 30 Sep, 2025 05:46pm

Currency

Rupee gains further ground against US dollar

Currency settles at 281.32 against greenback

Updated 30 Sep, 2025 09:22pm

Energy

Circular debt plan: OGDC receives Rs7.73bn third interest payment

Oil and Gas Development Company Limited (OGDC), Pakistan’s largest E&P firm, has received the third interest...

Published 30 Sep, 2025 10:00am

Technology

OpenAI’s first-half revenue rises 16% to about $4.3 billion, The Information reports

OpenAI generated around $4.3 billion in revenue in the first half of 2025, about 16% more than it generated all of...

Published 30 Sep, 2025 09:58am

Stocks

PSX hits new record, KSE-100 settles above 165,000 level

Rally fuelled by strong buying across key sectors amid optimism over IMF talks and stable economic indicators

Updated 30 Sep, 2025 09:59pm

Companies

Pakistan’s textile giant Gul Ahmed to shut down export apparel business

Gul Ahmed Textile Mills Limited (GATM), one of the country’s largest textile mills, has announced the...

Updated 30 Sep, 2025 10:47pm

Technology

YouTube to pay $24.5 million to settle Trump account suspension suit

Meta and X agreed earlier this year to pay to settle the lawsuits

Published 30 Sep, 2025 09:32am

Markets

Japan’s economy shows strain as factory output and retail sales drop

Industrial output fell 1.2% in August from a month earlier, data from the Ministry of Economy

Published 30 Sep, 2025 09:28am

Markets

China factory activity shrinks again as firms watch for stimulus, US trade deal

Trump’s tariffs have squeezed Chinese factories as well as overseas firms that buy components

Published 30 Sep, 2025 09:24am

Markets

Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture

Trump signed a presidential proclamation, opens new tab laying out his argument that timber

Published 30 Sep, 2025 09:18am

Markets

India central bank raises overseas perpetual debt limit for banks

Perpetual debt is debt that does not have a maturity date

Published 30 Sep, 2025 09:02am

Bullion Rate

Gold hits record high, set for best month in 14 years on safe-haven rush

Spot gold was up 0.4% at $3,848.65 per ounce

Published 30 Sep, 2025 09:00am

Stocks

India’s stock benchmarks set to open flat after 7-session losing run

Gift Nifty futures were trading at 24,694.5 points

Published 30 Sep, 2025 08:57am

Forex

Indian rupee pinned near all-time low on weak Asia, enduring US trade troubles

Non-deliverable forwards indicated the rupee would open at 88.74–88.78 to the dollar

Published 30 Sep, 2025 08:55am

Stocks

Asian shares, gold rise on US shutdown watch; crude falls

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5% in early trading

Published 30 Sep, 2025 08:51am

Forex

Dollar soft as possible US shutdown, jobs report delay hurt sentiment

The euro was flat at $1.17275, while sterling was at $1.3433

Published 30 Sep, 2025 08:47am

Energy

Oil slips as OPEC+ plan adds to expectations of supply surplus

HOUSTON: Oil prices slipped on Tuesday as investors braced for a supply surplus due to potential OPEC+ plans for a...

Updated 30 Sep, 2025 09:06pm

Industry

Illicit cigarettes during 2024: Local production remains same

ISLAMABAD: The local production of illicit cigarettes during 2024 remained the same despite drastic decrease in...

Published 30 Sep, 2025 07:28am

Pakistan

Etihad Airways returns to Peshawar after 10 years

KARACHI: Etihad Airways marked its return to Bacha Khan International Airport after a 10-year hiatus. According to...

Published 30 Sep, 2025 07:22am

Industry

KATI leadership tenders resignations; new office bearers elected

KARACHI: The leadership of the Korangi Association of Trade and Industry (KATI) underwent a major change as ...

Updated 30 Sep, 2025 08:51am

Industry

KCCI AGM: Motiwala stresses unity, teamwork

KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala, while underscoring the unparalleled unity of BMG and the...

Published 30 Sep, 2025 07:19am

Companies

IFFSA 2025: Lucky Investments wins emerging Islamic Finance Entity Award

KARACHI: Lucky Investments Limited has been named the Emerging Islamic Finance Entity of the Year in South Asia at...

Published 30 Sep, 2025 07:17am

Industry

Gilani vows support to rice industry, hails USD4bn exports

LAHORE: Chairman Senate Syed Yousaf Raza Gilani lauded the vital role of rice industry in Pakistan’s economy and...

Published 30 Sep, 2025 07:10am

Business & Finance

Management of MRL, Aflatoxin in rice: TDAP organises seminar

GUJRANWALA: The Trade Development Authority of Pakistan (TDAP) held a comprehensive seminar on the “Management of...

Published 30 Sep, 2025 07:05am

Taxes

Income tax returns: businesspeople urge govt to extend filing deadline

KARACHI: Business Community has urged Prime Minister, Federal Minister for Finance, and the Chairman of the Federal...

Published 30 Sep, 2025 07:03am

Companies

FBL, Tapsys partner to revolutionise SMEs

KARACHI: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has entered into a strategic...

Updated 30 Sep, 2025 08:51am

Business & Finance

Punjab govt launches eBIZ portal to facilitate businesses

LAHORE: In a major step towards promoting e-governance and facilitating business activity in the province, the ...

Published 30 Sep, 2025 06:39am

World

US widens reach of export blacklist to cover subsidiaries

WASHINGTON: The United States is widening the reach of its trade blacklist, extending export restrictions faced by...