News Archives for Business & Finance - 2025-10-15

<<>>

Business & Finance - 2025-10-15

Business & Finance

Govt cuts petrol price by Rs5.66 per litre for next fortnight

The new prices come into effect from October 16

Published 15 Oct, 2025 11:48pm

Stocks

European stocks end higher as LVMH drives luxury rally

European stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased...

Published 15 Oct, 2025 09:40pm

South Asia

Meet the AI chatbots replacing India’s call-center workers

BENGALURU: At a startup office in this Indian city, developers are fine-tuning artificial-intelligence chatbots that...

Published 15 Oct, 2025 08:48pm

South Asia

India scraps tax exemption on imports of missile parts amid Adani probe

NEW DELHI: India has reversed a contentious policy of tax-free imports of missile parts that sits at the heart of an...

Published 15 Oct, 2025 08:38pm

Companies

China files WTO complaint over India EV, battery subsidies

BEIJING: China filed a complaint to the WTO on Wednesday over India’s EV and battery subsidies, saying the measures...

Published 15 Oct, 2025 08:26pm

Companies

Apple lobbies India to change tax law seen hindering its expansion, sources say

NEW DELHI: Apple is lobbying India’s government to modify its income tax law to ensure the company is not taxed for...

Published 15 Oct, 2025 08:24pm

Markets

Indian non-bank lender HDB Financial posts profit drop on loan losses

BENGALURU: Indian non-bank lender HDB Financial Services posted a near 2% drop in quarterly profit on Wednesday,...

Published 15 Oct, 2025 08:18pm

Stocks

India’s Angel One profit halves as derivative curbs keep retail investors at bay

Indian brokerage Angel One on Wednesday posted its third-straight quarterly profit decline, as last year’s curbs on...

Published 15 Oct, 2025 08:13pm

Business & Finance

Tanveer calls for adoption of FPCCI’s ‘district economy’ model to boost inclusive growth

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) leader S. M. Tanveer has urged policymakers and...

Published 15 Oct, 2025 08:05pm

South Asia

Air India in expanded talks for up to 300 new jets, sources say

NEW DELHI/PARIS: Air India is in talks with Airbus and Boeing to add more wide-body jets as it expands planned...

Published 15 Oct, 2025 07:51pm

Stocks

Wall St advances after strong bank earnings, chip stocks’ rally

Wall Street’s main indexes rose on Wednesday after solid results from Bank of America and Morgan Stanley, while...

Published 15 Oct, 2025 07:47pm

Stocks

TSX hits record high on mining gains, Fed rate cut optimism

Canada’s main stock index hit a record high on Wednesday, with mining stocks leading the advance, buoyed by renewed...

Published 15 Oct, 2025 07:30pm

Markets

FBR extends deadline for income tax returns filing for 2025 till October 31

The Federal Board of Revenue (FBR) extended on Wednesday the deadline for filing income tax returns for the tax year...

Published 15 Oct, 2025 06:51pm

Markets

India central bank minutes show room for rate cuts as inflation outlook softens

MUMBAI: India’s interest-rate panel members have flagged room for future rate cuts as the country’s inflation...

Published 15 Oct, 2025 05:35pm

Commodities

Cocoa prices fall on weak demand, coffee climbs

LONDON: London cocoa futures on ICE fell on Wednesday, slipping back towards a more than 1-1/2 year low set earlier...

Published 15 Oct, 2025 04:55pm

Financial

India bonds rise before RBI minutes, rate cut cues may fuel more gains

MUMBAI: Indian government bonds ended higher for a third consecutive session on Wednesday, ahead of the release of...

Published 15 Oct, 2025 04:49pm

Markets

India’s HDFC Life posts quarterly profit rise on retail insurance demand

BENGALURU: India’s HDFC Life Insurance reported a higher second-quarter profit on Wednesday, driven by strong demand...

Published 15 Oct, 2025 04:42pm

Commodities

Palm ends three-session slide on strong export data

KUALA LUMPUR: Malaysian palm oil futures reversed losses suffered through three consecutive sessions on Wednesday,...

Published 15 Oct, 2025 04:26pm

Business & Finance

Pakistan’s reforms, export push could spark ‘East Asia moment’, Aurangzeb tells CNBC

Pakistan is entering a pivotal phase of economic transformation driven by structural reforms and an export-led...

Published 15 Oct, 2025 04:18pm

Markets

India’s trade deficit widens to 13-month high in September

NEW DELHI: India’s merchandise trade deficit widened to a 13-month high of $32.15 billion in September, data showed...

Published 15 Oct, 2025 04:15pm

Forex

Indian rupee climbs the most in four months on firm central bank intervention

MUMBAI: The Indian rupee soared to post its best one-day gain in nearly four months on Wednesday, powered by firm...

Published 15 Oct, 2025 04:07pm

Stocks

India equity benchmarks near month-high on Fed rate cut bets, earnings optimism

India’s equity benchmarks edged towards a one-month high on Wednesday, lifted by a broad-based rally as growing...

Published 15 Oct, 2025 03:55pm

Companies

Pakistan’s can-maker warns Pak-Afghan border closure may hit sales

Pakistan Aluminium Beverage Cans Limited (PABC) has cautioned that the ongoing closure of Pak-Afghan border...

Published 15 Oct, 2025 03:38pm

Companies

CCL Holding acquires significant stake in Mitchell’s Fruit Farms for Rs1.7bn

CCL Holding (Private) Limited has acquired a significant 40.63% shareholding in Mitchell’s Fruit Farms Limited,...

Updated 15 Oct, 2025 07:52pm

Markets

UK’s Nscale signs deal with Microsoft to supply 200,000 Nvidia AI chips

British AI group Nscale said on Wednesday it signed a deal with Microsoft to deliver a total of about 200,000 Nvidia...

Published 15 Oct, 2025 01:52pm

Business & Finance

Engro Powergen Qadirpur appoints chairman, CEO

Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited, announced on Wednesday the appointment...

Published 15 Oct, 2025 01:52pm

Stocks

European stocks climb as LVMH boosts luxury sector

European stocks climbed on Wednesday as upbeat results from France’s LVMH sparked a rally in luxury groups and...

Published 15 Oct, 2025 01:39pm

Energy

OPEC Secretary General says oil and gas industry needs more investment

MOSCOW: OPEC Secretary General Haitham Al Ghais reiterated on Wednesday that more investment is needed in oil and...

Published 15 Oct, 2025 01:34pm

Markets

ADB, World Bank launch Asean Power Grid financing programme, report says

KUALA LUMPUR: The Asian Development Bank and the World Bank have launched the ASEAN Power Grid (APG) Financing...

Published 15 Oct, 2025 01:22pm

Markets

PM Shehbaz welcomes staff-level deal with IMF

Prime Minister Shehbaz Sharif on Wednesday expressed satisfaction over the staff-level agreement (SLA) reached...

Published 15 Oct, 2025 01:03pm

Financial

Gold prices in Pakistan soar to another record high

Gold prices in Pakistan climbed to another record high on Wednesday in line with their gain in the international...

Published 15 Oct, 2025 12:39pm

Money & Banking

UBL profit jumps 89% YoY to Rs35.36bn in Q3 of 2025

United Bank Limited (UBL), one of Pakistan’s largest commercial banks, reported a consolidated profit after tax of...

Published 15 Oct, 2025 12:18pm

Markets

Hyundai Motor India names Tarun Garg as new CEO, unveils $5 billion investment plan

Hyundai Motor India has named insider Tarun Garg as its chief executive, making him the first Indian to lead the...

Published 15 Oct, 2025 11:03am

Markets

Global EV sales hit record 2.1 million in September, research firm says

Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1...

Published 15 Oct, 2025 11:00am

Currency

Rupee registers gain against US dollar

Currency settles at 281.12 against greenback

Updated 15 Oct, 2025 09:45pm

Business & Finance

Pakistan reaffirms reform commitment in meeting with IMF deputy chief

Finance Minister Muhammad Aurangzeb held a constructive meeting with Nigel Clarke, Deputy Managing Director of the...

Published 15 Oct, 2025 10:13am

Energy

Eastern Offshore Indus-C Block: MariEnergies enters strategic partnership with PPL, TPOC & OGDC

Mari Energies announced on Wednesday that it had agreed to acquire a 20% working interest in Eastern Offshore...

Published 15 Oct, 2025 10:11am

Stocks

KSE-100 Index closes marginally higher after volatile trading

The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Wednesday, with the benchmark KSE-100...

Updated 15 Oct, 2025 06:38pm

Stocks

Indian shares open higher on Fed rate cut prospects

The Nifty 50 rose 0.14% to 25,181.95, while the BSE Sensex added 0.2% to 82,197.25

Published 15 Oct, 2025 09:29am

Markets

Foxconn sees limited impact from China rare earths curbs for now

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, sees little impact for now from China’s...

Published 15 Oct, 2025 09:25am

Markets

US holiday sales growth to be muted this year, forecasts show

US retailers are bracing for a subdued holiday shopping season this year as the economic fallout from President...

Published 15 Oct, 2025 09:23am

Markets

OpenAI makes five-year plan to meet $1 trillion spending pledges, FT reports

ChatGPT owner OpenAI is working on new revenue lines, debt partnerships and planning further fundraising as part of...

Published 15 Oct, 2025 09:20am

Currency

Coinbase invests in Indian crypto exchange CoinDCX at $2.45 billion valuation

In April 2022, Coinbase Ventures participated in a $135 million fundraise for CoinDCX, which had valued the firm at $2.15 billion post-money

Published 15 Oct, 2025 09:15am

Markets

Pfizer CEO says US pharma industry needs to collaborate with China

NEW YORK: Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to...

Published 15 Oct, 2025 09:12am

Forex

Aggressive central bank intervention helps Indian rupee rise above 88/USD, traders say

MUMBAI: The Indian central bank intervened aggressively to shore up the rupee on Wednesday, boosting the South Asian...

Published 15 Oct, 2025 09:09am

Bullion Rate

Gold crosses $4,200 for first time on Fed rate-cut bets, US-China trade woes

Spot gold was up 1.4% at $4,200.11 per ounce

Updated 15 Oct, 2025 01:01pm

Forex

Dollar under pressure on Fed rate cut bets, China trade tensions

*The dollar index , which measures the US currency against those three peers along with three others, was flat at 99.055

Published 15 Oct, 2025 09:04am

Stocks

Asia shares recover, dollar eases as Fed cut bets reclaim spotlight

MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.45%

Published 15 Oct, 2025 09:00am

Energy

Oil steadies as market weighs excess supply and US-China trade tensions

Brent crude futures were up 3 cents, or 0.1%, at $62.42 a barrel

Updated 15 Oct, 2025 05:05pm

Markets

Pakistan, IMF reach staff-level agreement for $1.2bn disbursement

Agreement subject to IMF Executive Board approval

Updated 15 Oct, 2025 04:51pm

Taxes

AGP detects Rs144m ST irregularity in brick kilns

LAHORE: The office of the Auditor General of Pakistan (AGP) has detected an irregularity in payment of fixed sales...

Published 15 Oct, 2025 07:27am

Taxes

Threats to lawyer: LTBA demands disciplinary action against taxmen

ISLAMABAD: The Lahore Tax Bar Association (LTBA) has demanded of the government to immediately initiate disciplinary...

Published 15 Oct, 2025 07:20am

Industry

Argentina ready to share expertise in agriculture, livestock & food security: envoy

LAHORE: The Ambassador of Argentina Sebastian Sayus has said that Argentina is ready to share its expertise in...

Published 15 Oct, 2025 07:18am

Business & Finance

CCP imposes Rs5m penalty each on TGA, LGTA

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of PKR 5 million each on the...

Published 15 Oct, 2025 07:15am

Taxes

FPCCI, LCCI urge govt to extend deadline by one month for filing returns

LAHORE: Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Saqib Fayyaz...

Published 15 Oct, 2025 07:13am

Taxes

PCDMA urges FBR to extend return filing deadline

KARACHI: The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has called on the Federal Board of Revenue...

Published 15 Oct, 2025 07:11am

Pakistan

PPRA implements e-procurement system

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has transformed the public procurement landscape by...

Published 15 Oct, 2025 07:09am

Money & Banking

Dollar weakens against franc, yen

NEW YORK: The US dollar was lower against the safe-haven Swiss franc and Japanese yen on Tuesday following renewed...

Published 15 Oct, 2025 06:29am

Pakistan

FTO appoints Qamar-ul-Islam VC of APCAA

KARACHI: The Federal Tax Ombudsman (FTO) has appointed Qamar-ul-Islam, Vice Chairman of the All Pakistan Customs...

Published 15 Oct, 2025 05:55am

Business & Finance

Poultry sector across Sindh: Registration Authority to issue licences to investors: Malkani

KARACHI: Sindh Minister for Livestock and Fisheries Muhammad Ali Malkani has announced the establishment of a...

Published 15 Oct, 2025 05:55am

Industry

Customs clearance procedures: Joint Trade Facilitation Committee formed

KARACHI: In a significant development aimed at improving trade operations and Customs clearance procedures, Wajid...

Published 15 Oct, 2025 05:55am

Business & Finance

SMEDA working to reduce trade deficit with Saudi Arabia

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), under leadership of the Ministry of...

Published 15 Oct, 2025 05:55am

Taxes

LTBA for extending tax returns filing deadline

LAHORE: The Lahore Tax Bar Association (LTBA) has appealed to Prime Minister Shehbaz Sharif to extend the deadline ...

Updated 15 Oct, 2025 08:16am

Pakistan

Punjab, China to form joint group for agri machinery collaboration

LAHORE: The China Agriculture Machinery Distribution Association (CAMDA) and the Punjab government have agreed to...

Published 15 Oct, 2025 05:55am

Industry

PHMA assails tax holiday for Chinese, Saudi investors

LAHORE: The announcement of a ten-year tax holiday for Chinese and Saudi investors by the Punjab government has...

Published 15 Oct, 2025 05:55am

Business & Finance

Thatta Cement acquires substantial stake in Pakistan Services Limited

KARACHI: Thatta Cement Company Limited (TCCL) formally announced a major corporate development, successfully...

Published 15 Oct, 2025 05:55am

Business & Finance

Regulating virtual assets: US Treasury officials briefed about legislation

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has welcomed successful negotiations...

Published 15 Oct, 2025 05:55am

Industry

EC accepts resignations of KCCI president, Senior VC and VC

KARACHI: The Executive Committee of the Karachi Chamber of Commerce and Industry (KCCI) has formally accepted the...

Published 15 Oct, 2025 05:55am

Energy

World oil market to see huge glut in 2026: IEA

LONDON: The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+...

Published 15 Oct, 2025 05:55am

Energy

Oil settles down 1.5pc

HOUSTON: Oil prices fell on Tuesday, settling 1.5 percent lower as the International Energy Agency warned of a huge...

Published 15 Oct, 2025 05:55am

Business & Finance

IMF warns of rising odds of a ‘disorderly’ global market correction

WASHINGTON: Global markets are getting too comfortable with risks like trade wars, geopolitical tensions and yawning...

Published 15 Oct, 2025 05:55am

Business & Finance

IMF, govt discuss reform agenda

WASHINGTON: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb had a busy first day of his ...

Published 15 Oct, 2025 05:55am

Business & Finance

Trade & investment: Pakistan-Vietnam PTA talks get underway

ISLAMABAD: Pakistan and Vietnam on Tuesday formally launched negotiations on a Preferential Trade Agreement (PTA)...

Published 15 Oct, 2025 05:55am

Agriculture and Allied

Collateral-free loans: SBP launches ‘NSFSI’ for small farmers

KARACHI: The State Bank of Pakistan (SBP) has introduced a fully digital platform, “National Subsistence Farmers...

Published 15 Oct, 2025 05:55am

Companies

Diabetes & obesity cure: BF Biosciences launches ‘Zeptide®’

KARACHI: BF Biosciences Limited has launched Zeptide® (Tirzepatide), an advanced treatment for Type 2 diabetes and...

Published 15 Oct, 2025 05:55am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 6	277.92
USD PKR Interbank Buying / Aug 6	277.72
USD to Japanese Yen / Aug 7	158.34
USD to Swiss Franc / Aug 7	0.81
Pound Sterling to USD / Aug 7	1.35
Euro to USD / Aug 7	1.15
SOFR % / Aug 6	3.66

Stock	Volume
S&P 500 / Aug 6	7,709.96
Nasdaq / Aug 6	26,348.35
Dow Jones / Aug 6	53,885.10
India Sensex / Aug 7	78,518.11
Tokyo Nikkei / Aug 7	65,039.16
Hang Seng / Aug 7	25,530.59
FTSE 100 / Aug 7	10,887.21
Germany DAX 30 / Aug 7	26,278.17
France CAC40 / Aug 7	8,720.34

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 6	18,580
Gold 10 Grams PKR / Aug 6	385,147
Crude Oil USD/Barrel / Aug 7	77.91
Gold Spot USD/Ounce / Aug 7	4,291.19
Cotton US¢/pound / Aug 7	83.50
Petrol/Litre / Aug 8	329.82
Diesel/Litre / Aug 8	382.36

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	13.84 ▲ 1.26 (10.02%)
Secure Logistics-Trax Group / Aug 7 Secure Logistics-Trax Group Limited(SLGL)	17.68 ▲ 1.61 (10.02%)
First Tri-Star Mod. / Aug 7 First Tri-Star Modaraba(FTSM)	46.39 ▲ 4.22 (10.01%)
Asim Textile / Aug 7 Asim Textile Mills Limited(ASTM)	61.81 ▲ 5.62 (10%)
Buxly Paints / Aug 7 Buxly Paints Limited(BUXL)	229.52 ▲ 20.87 (10%)
Frieslandcampina / Aug 7 Frieslandcampina Engro Pakistan Limited(FCEPL)	121.30 ▲ 11.03 (10%)
Faisal Sp. / Aug 7 Faisal Spinning Mills Limited(FASM)	358.06 ▲ 32.55 (10%)
Imperial Limited / Aug 7 Imperial Limited(IML)	23.65 ▲ 2.15 (10%)
Aisha Steel (CPS) / Aug 7 Aisha Steel Mills Limited (CPS)(ASLCPS)	78.43 ▲ 7.13 (10%)
Mughal Energy / Aug 7 Mughal Energy Limited(GEM)(GEMMEL)	29.92 ▲ 2.72 (10%)

Stock	Price
Azgard Nine (Non-Voti) / Aug 7 Azgard Nine (Non-Voti)(ANLNV)	7.30 ▼ -0.68 (-8.52%)
Asia Ins. / Aug 7 Asia Insurance Company Limited(ASIC)	42.40 ▼ -3.59 (-7.81%)
Trust Mod. / Aug 7 Trust Modaraba(TRSM)	18.68 ▼ -1.57 (-7.75%)
Fateh Sports / Aug 7 Fateh Sports Wear Limited(FSWL)	163 ▼ -12.99 (-7.38%)
J.A.Textile / Aug 7 J.A. Textile Mills Limited(JATM)	53 ▼ -3.74 (-6.59%)
JS Investments / Aug 7 JS Investments Limited(JSIL)	43.11 ▼ -2.87 (-6.24%)
Gadoon Textile / Aug 7 Gadoon Textile Mills Limited(GADT)	340.50 ▼ -21.59 (-5.96%)
Tri-Star Power / Aug 7 Tri-Star Power Limited(TSPL)	17.50 ▼ -1.1 (-5.91%)
First Imrooz Mod. / Aug 7 First Imrooz Modaraba(FIMM)	200 ▼ -11.98 (-5.65%)
Paramount Spinning / Aug 7 Paramount Spinning Mills Limited(PASM)	10.84 ▼ -0.53 (-4.66%)

Stock	Volume
Cnergyico PK / Aug 7 Cnergyico PK Limited(CNERGY)	160,375,761 ▲ 0.94
B.O.Punjab / Aug 7 The Bank of Punjab(BOP)	51,877,276 ▲ 0.54
Wasl Mobility Mod. / Aug 7 Wasl Mobility Modaraba(WASL)	24,213,917 ▲ 0.36
Pace (Pak) Ltd. / Aug 7 Pace (Pakistan) Limited(PACE)	20,000,093 ▲ 0.27
Nishat ChunPow / Aug 7 Nishat Chunian Power Limited(NCPL)	18,203,069 ▲ 0.44
Nishat Power / Aug 7 Nishat Power Limited(NPL)	15,132,818 ▼ -0.38
Unity Foods Ltd / Aug 7 Unity Foods Limited(UNITY)	15,115,408 ▼ -0.37
Hascol Petrol / Aug 7 Hascol Petroleum Limited(HASCOL)	13,678,550 ▲ 0.32
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	12,519,587 ▲ 1.26
Maple Leaf Cement / Aug 7 Maple Leaf Cement Factory Limited(MLCF)	12,461,383 ▼ -0.89

Most Popular