News Archives for Business & Finance - 2025-10-22

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Business & Finance - 2025-10-22

World

US considering curbs on exports to China made with US software, sources say

US stock indexes briefly extend losses on news, with S&P 500 down 0.8% and Nasdaq 1.3% lower before paring their losses

Published 22 Oct, 2025 10:55pm

Companies

QatarEnergy plans Pakistan talks next week to discuss LNG delay: Bloomberg report

QatarEnergy officials will meet counterparts in Pakistan next week to finalise requests by Islamabad to reduce gas...

Published 22 Oct, 2025 10:00pm

Stocks

London stocks climb as inflation data spurs rate cut bets; Barclays gains on share buyback

London stocks rose for a third straight day on Wednesday as investors ramped up bets on interest rate cuts from the...

Published 22 Oct, 2025 09:16pm

South Asia

Lessors protest India draft rules on payment of dues to reclaim jets, sources say

NEW DELHI: A group of global lessors has asked India to reconsider draft aviation rules they say complicate the task...

Published 22 Oct, 2025 09:03pm

Stocks

TSX rebounds as energy and tech stocks lead gains

Canada’s main stock index rebounded on Wednesday, recovering from the steepest single-day drop since April in the...

Published 22 Oct, 2025 07:56pm

Commodities

Aluminium hits highest since June 2022 after Iceland smelter incident

LONDON: Aluminium prices touched their highest in more than three years on Wednesday on concern about potential...

Published 22 Oct, 2025 07:40pm

Stocks

Wall Street ticks lower as investors digest earnings; Netflix drops

Wall Street slipped on Wednesday, with Netflix’s weak profit weighing on sentiment as investors monitored a flood of...

Published 22 Oct, 2025 07:31pm

Stocks

Most Gulf markets higher on earnings, oil; FAB gains lift Abu Dhabi

Most Gulf stock markets ended higher on Wednesday, fueled by a slew of upbeat corporate earnings and rising oil...

Published 22 Oct, 2025 07:22pm

Companies

The Fed’s ripple effect: how rising US rates affect crypto

Connecting Federal Reserve policy to crypto market moves

Published 22 Oct, 2025 06:29pm

Stocks

Sri Lankan shares flat as IT gains offset drop in materials

CSE All Share index were up 0.03%, at 22,791.07

Published 22 Oct, 2025 05:26pm

Energy

Saudi Arabia crude exports rise to six-month high in August

Saudi Arabia’s crude oil exports in August rose to their highest level in six months, data from the Joint...

Published 22 Oct, 2025 05:21pm

Europe

Apple hit with EU antitrust complaint over App Store terms

BRUSSELS: Apple was hit with a complaint to EU antitrust regulators by two civil rights groups on Wednesday over the...

Published 22 Oct, 2025 05:17pm

Commodities

Arabica coffee sets five-week high, cocoa also climbs

LONDON: Arabica coffee futures on ICE rose on Wednesday, extending the recent run-up, boosted by the threat that the...

Published 22 Oct, 2025 05:06pm

Commodities

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

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

Published 22 Oct, 2025 05:02pm

Companies

Thyssenkrupp, Jindal Steel to deepen TKSE due diligence next week, sources say

FRANKFURT: Germany’s Thyssenkrupp will start giving India’s Jindal Steel International more access to financial...

Published 22 Oct, 2025 04:58pm

Markets

Cybercrime surges 35% in Pakistan in 2025 amid govt’s push for cryptocurrency legalisation

KARACHI: A senior official at the National Cyber Crime Investigation Agency (NCCIA) has revealed that cybercrime in...

Updated 22 Oct, 2025 11:02pm

Pakistan

Customs blocks illegal Indian-origin imports worth millions

The Collectorate of Customs Appraisement (West) successfully foiled multiple attempts to illegally import...

Updated 22 Oct, 2025 11:06pm

Commodities

Palm oil ends lower on Dalian weakness

JAKARTA: Malaysian palm oil futures closed lower for a third straight session on Wednesday, tracking weakness in...

Published 22 Oct, 2025 03:51pm

Companies

IIL reappoints Ismail, Saifullah to key roles for next three years

The Board of Directors of Ismail Industries Limited, a manufacturer of confectionery items, has re-appointed...

Published 22 Oct, 2025 02:49pm

Business & Finance

Pakistan plans Eurobond issuance under GMTN program in 2026

Finance Minister Muhammad Aurangzeb on Wednesday said that Pakistan plans to re-enter the international capital...

Published 22 Oct, 2025 01:52pm

Companies

PNSC subsidiary boosts fleet with multi-million dollar MR-II tanker acquisition

Quetta Shipping Company (Private) Limited, a wholly owned subsidiary of the Pakistan National Shipping Corporation...

Published 22 Oct, 2025 12:55pm

Markets

Jaguar Land Rover hack cost UK economy $2.5 billion, report says

LONDON: The August hack of Jaguar Land Rover (JLR), owned by India’s Tata Motors, cost the British economy 1.9...

Published 22 Oct, 2025 12:50pm

Markets

Ford to recall over 1.4 million US vehicles over rearview camera issue

Ford is recalling 1,448,655 vehicles in the U.S. due to a rearview camera issue that could potentially result in a...

Published 22 Oct, 2025 12:45pm

Markets

UK annual inflation stays high before key budget

LONDON: Britain’s annual inflation rate for September remained far above the Bank of England’s target, official data...

Published 22 Oct, 2025 12:36pm

Financial

Gold price per tola drops Rs7,538 in Pakistan

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

Published 22 Oct, 2025 12:18pm

Forex

Thai baht/US dollar flat on Wednesday

The baht was flat at 32.81 versus the dollar, after trading in a range of 32.785 to 32.900

Published 22 Oct, 2025 11:50am

Forex

Australia, NZ dollars flat as investors wait for US-China trade news

SYDNEY: The Australian and New Zealand dollars were flat on Wednesday after coming under pressure overnight with the...

Published 22 Oct, 2025 11:47am

Markets

Samsung’s Galaxy XR headset to take on Apple with help from Google and Qualcomm

Samsung Electronics released its Galaxy XR extended reality headset on Tuesday, counting on AI features from Google...

Published 22 Oct, 2025 11:44am

Commodities

Shanghai copper retreats on weak China demand, strong dollar

SHANGHAI: Shanghai copper slipped on Wednesday, retreating from gains seen in the previous session, as trader...

Published 22 Oct, 2025 11:31am

Markets

Thailand car production rises 4.77% y/y in September

BANGKOK: Car production in Thailand rose 4.77% in September from a year earlier to 128,104 units, the Federation of...

Published 22 Oct, 2025 11:30am

Business & Finance

Pakistan’s economy showing major signs of recovery, Aurangzeb tells CGTN

Finance Minister Muhammad Aurangzeb has said that the country’s economy is showing signs of sustained recovery,...

Updated 22 Oct, 2025 10:56pm

Forex

China’s yuan steady as Beijing meeting and US talks loom

HONG KONG: China’s yuan held steady against the US dollar on Wednesday, with markets awaiting signals from Beijing’s...

Published 22 Oct, 2025 11:25am

Commodities

Chicago soybeans recover on US-China trade optimism

BEIJING: Chicago soybean futures bounced back on Wednesday, as markets remained hopeful for progress in trade talks...

Published 22 Oct, 2025 11:11am

Stocks

China and Hong Kong stocks slip as gold shares drag, lingering trade tensions in focus

At the midday break, the Shanghai Composite index was down 0.44% at 3,899.05 points

Published 22 Oct, 2025 11:09am

Stocks

Japan’s Nikkei recoups early losses on report of new government stimulus

Japan’s Nikkei share average nudged higher in afternoon trading on Wednesday, recovering from earlier losses, as...

Published 22 Oct, 2025 11:07am

Markets

OpenAI launches AI browser Atlas in latest challenge to Google

OpenAI on Tuesday unveiled ChatGPT Atlas, a long-anticipated artificial intelligence-powered web browser built...

Published 22 Oct, 2025 11:02am

Stocks

KSE-100 loses nearly 800 points amid late-session selling pressure

Investors resort to profit-taking in final hours

Updated 22 Oct, 2025 07:24pm

Energy

Qatar and US urge EU to reconsider sustainability rules for LNG trade

Qatar and the US have sent a letter to the heads of state of the European Union expressing deep concern over the...

Published 22 Oct, 2025 10:47am

Commodities

Palm extends fall on Dalian weakness

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 25 ringgit, or 0.55%, to 4,480 ringgit

Published 22 Oct, 2025 10:45am

Markets

Norwegian Air posts Q3 earnings above estimates

Budget airline Norwegian Air Shuttle beat market expectations for its third-quarter earnings on Wednesday, helped by...

Published 22 Oct, 2025 10:42am

Markets

UniCredit confirms outlook after trading gains lift quarterly profit above forecast

MILAN: UniCredit on Wednesday confirmed its profit outlook for the year after reporting a higher-than-expected...

Published 22 Oct, 2025 10:39am

Exchange

Rupee registers slight gain against US dollar

Currency settles at 281.05 against greenback

Updated 22 Oct, 2025 07:03pm

Markets

IGI Investments seeks to acquire Akzo Nobel Pakistan

IGI Investments (Private) Limited, a wholly-owned subsidiary of IGI Holdings Limited, has received in-principle...

Published 22 Oct, 2025 09:57am

Bullion Rate

Gold extends retreat from record high on profit-booking, trade optimism

Spot gold was down 0.4% at $4,109.19 per ounce

Published 22 Oct, 2025 08:31am

Stocks

Shares dip, gold retreats as FOMO buying gets reality check

SINGAPORE: Global shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched...

Published 22 Oct, 2025 08:28am

Forex

Yen climbs as gold plunge triggers market volatility

SINGAPORE: The US dollar weakened in early Asian trade on Wednesday, edging back from its highest level against the...

Published 22 Oct, 2025 08:25am

Energy

Oil rises about 2% on higher US demand, trade talk optimism

Brent crude futures rose $1.29, or 2.1%, to $62.61 a barrel

Updated 22 Oct, 2025 09:24pm

Pakistan

Threats to SC advocate: LTBA urges CJP to order legal action against FBR officials

ISLAMABAD: The Lahore Tax Bar Association (LTBA) has urged the Chief Justice of Pakistan to uphold the supremacy of...

Published 22 Oct, 2025 07:46am

Companies

L’Oreal says interested in Armani stake

PARIS: French cosmetics group L’Oreal said Tuesday it is interested in taking a stake in Italian company Armani ...

Published 22 Oct, 2025 07:18am

World

US tariffs take big bite out of Swiss exports

ZURICH: Stiff US tariffs on Switzerland badly hurt the Alpine country’s exports in the third quarter, official...

Published 22 Oct, 2025 07:14am

Pakistan

Govt spends USD 889m annually on imports of formula milk

ISLAMABAD: Health experts on Tuesday revealed the health hazards associated with the use of formula milk, saying ...

Updated 22 Oct, 2025 07:36am

Industry

Inter-provincial transportation of wheat seeds": SAP urges Punjab govt to stop creating obstacles

LAHORE: The Seed Association of Pakistan (SAP) has issued an urgent appeal to the Punjab government to cease ...

Published 22 Oct, 2025 06:02am

Pakistan

KATI informed: FIA shifts notice powers from IOs to Deputy Directors

KARACHI: Additional Director General (South) of the Federal Investigation Agency (FIA), Mujahid Akbar Khan has said...

Published 22 Oct, 2025 06:02am

Pakistan

Probe into maladministration charges: FBR reluctant to file comments before FTO

ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to file any comments before the Federal Tax Ombudsman...

Updated 22 Oct, 2025 07:35am

Industry

Russia floats two options for PSM’s revival

ISLAMABAD: The Russian government has proposed two options for the revival of the ailing Pakistan Steel Mills (PSM):...

Published 22 Oct, 2025 06:02am

Industry

Pakistan's economic growth: SBP chief stresses importance of women entrepreneurs

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad emphasized the vital role of women entrepreneurs in...

Updated 22 Oct, 2025 08:49am

Cotton

Smooth handling of cotton trade: KPT chief vows support to KCA

KARACHI: Rear Admiral Ateeq ur Rehman Abid SI (M) Chairman of the Karachi Port Trust (KPT) has assured members of ...

Published 22 Oct, 2025 06:02am

Companies

PTCL Group records 15pc revenue growth

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services...

Published 22 Oct, 2025 06:02am

Industry

PJBF celebrates 17th AGM

KARACHI: The Pakistan-Japan Business Forum (PJBF) celebrated its 17th Annual General Meeting (AGM) at the residence...

Published 22 Oct, 2025 06:02am

Industry

TDAP organises B2B session with German business delegation

KARACHI: Trade Development Authority of Pakistan (TDAP) organized a B2B networking session with the German...

Published 22 Oct, 2025 06:02am

Pakistan

LDA generates Rs3.47bn through auction

LAHORE: The Lahore Development Authority (LDA) generated record revenue of over Rs 3.47 billion during its latest...

Published 22 Oct, 2025 06:02am

Industry

Edible oil imports: Olive sector promotion helps reduce dependence: Rana

ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain said on Tuesday that...

Published 22 Oct, 2025 06:02am

Money & Banking

Yen falls to one-week low

NEW YORK: The yen eased to a one-week low on Tuesday after hardline conservative Sanae Takaichi was elected as...

Published 22 Oct, 2025 06:02am

Business & Finance

IMARC 2025: Minister underscores Pakistan’s vast mineral potential

ISLAMABAD: Ali Pervaiz Malik, Minister for Energy (Petroleum Division), on Tuesday delivered a keynote speech on...

Published 22 Oct, 2025 06:02am

Companies

MoU signed: PPRA, AU to cooperate in areas of procurement, contract management

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) on Tuesday signed a Memorandum of Understanding (MoU)...

Published 22 Oct, 2025 06:02am

Business & Finance

PRA fines businesses for not issuing invoices

LAHORE: The Punjab Revenue Authority (PRA) during inspections of multiple hotels, restaurants and other business...

Published 22 Oct, 2025 06:02am

Taxes

Tax on deemed income on property: FTO orders probe into bias treatment to taxpayers

ISLAMABAD: Federal Tax Ombudsman (FTO) has ordered an investigation in the matter of discriminatory treatment to...

Published 22 Oct, 2025 06:02am

Companies

Banking sector and capital market: NBP, NCCPL ink MoU to expand collaboration

KARACHI: National Bank of Pakistan (NBP) and the National Clearing Company of Pakistan Limited (NCCPL) have signed a...

Published 22 Oct, 2025 06:02am

Energy

No fuel shortage: Ogra

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) on Tuesday states that there is no situation of fuel shortage in...

Published 22 Oct, 2025 06:02am

Technology

Semiconductor design, research: PM launches INSPIRE initiative

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday launched a sweeping national plan aimed at integrating Pakistan...

Published 22 Oct, 2025 06:02am

Business & Finance

Pakistan ranked among least resilient countries in Global Investment Risk and Resilience Index

Index by Henley & Partners is first of its kind to measure countries’ exposure to geopolitical, economic, and climate risks as well as their capacity to adapt and recover

Updated 22 Oct, 2025 11:44am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	277.95
USD PKR Interbank Buying / Aug 5	277.75
USD to Japanese Yen / Aug 6	157.77
USD to Swiss Franc / Aug 6	0.81
Pound Sterling to USD / Aug 6	1.35
Euro to USD / Aug 6	1.15
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 5	7,723.55
Nasdaq / Aug 5	26,363.44
FTSE 100 / Aug 5	10,888.30
Dow Jones / Aug 5	54,349.12
Germany DAX 30 / Aug 5	26,126.30
France CAC40 / Aug 5	8,669.30
India Sensex / Aug 6	78,733.83
Tokyo Nikkei / Aug 6	65,266.67
Hang Seng / Aug 6	25,455.75

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Petrol/Litre / Aug 6	333.01
Crude Oil USD/Barrel / Aug 6	74.78
Gold Spot USD/Ounce / Aug 6	4,250.14
Diesel/Litre / Aug 6	383.86
Cotton US¢/pound / Aug 6	82.86

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Aug 6 Azgard Nine (Non-Voti)(ANLNV)	8.30 ▲ 0.82 (10.96%)
Asim Textile / Aug 6 Asim Textile Mills Limited(ASTM)	56.19 ▲ 5.11 (10%)
Buxly Paints / Aug 6 Buxly Paints Limited(BUXL)	208.65 ▲ 18.97 (10%)
J.A.Textile / Aug 6 J.A. Textile Mills Limited(JATM)	56.74 ▲ 5.16 (10%)
East West Ins. / Aug 6 East West Insurance Company Limited(EWIC)	66.57 ▲ 6.05 (10%)
First Tri-Star Mod. / Aug 6 First Tri-Star Modaraba(FTSM)	42.15 ▲ 3.81 (9.94%)
Mughal Iron & Steel(C) / Aug 6 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	66.94 ▲ 5.72 (9.34%)
Elahi Cotton / Aug 6 Elahi Cotton Mills Limited(ELCM)	257 ▲ 20.09 (8.48%)
The Organic Meat / Aug 6 The Organic Meat Company Limited(TOMCL)	40.45 ▲ 3.11 (8.33%)
Crescent Fib. / Aug 6 Crescent Fibres Limited(CFL)	62.99 ▲ 4.64 (7.95%)

Stock	Price
MACPAC Films / Aug 6 MACPAC Films Limited(MACFL)	63.43 ▼ -7.05 (-10%)
Power Cem(Pref) / Aug 6 Power Cement (Pref)(POWERPS)	26.60 ▼ -2.84 (-9.65%)
ARM Green Industries / Aug 6 ARM Green Industries Limited(ARMG)	56 ▼ -5.15 (-8.42%)
786 Invest Ltd / Aug 6 786 Investments Limited(786)	26.50 ▼ -2.07 (-7.25%)
Pak. P.V.C. / Aug 6 Pakistan PVC Limited(PPVC)	25 ▼ -1.89 (-7.03%)
JS Investments / Aug 6 JS Investments Limited(JSIL)	43.03 ▼ -2.78 (-6.07%)
Diamond Ind. / Aug 6 Diamond Industries Limited(DIIL)	61.40 ▼ -3.1 (-4.81%)
Noon Sugar / Aug 6 Noon Sugar Mills Limited(NONS)	87.33 ▼ -4.23 (-4.62%)
Trust Mod. / Aug 6 Trust Modaraba(TRSM)	20.65 ▼ -0.91 (-4.22%)
Baba Farid Sugar / Aug 6 Baba Farid Sugar Mills Limited(BAFS)	560.12 ▼ -23.24 (-3.98%)

Stock	Volume
B.O.Punjab / Aug 6 The Bank of Punjab(BOP)	47,047,706 ▲ 1.32
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	40,824,356 ▲ 0.67
Pak Int.Bulk / Aug 6 Pakistan International Bulk Terminal(PIBTL)	12,819,909 ▲ 0.14
Pace (Pak) Ltd. / Aug 6 Pace (Pakistan) Limited(PACE)	11,463,178 ▲ 0.22
Cnergyico PK / Aug 6 Cnergyico PK Limited(CNERGY)	8,454,273 ▼ -0.08
The Organic Meat / Aug 6 The Organic Meat Company Limited(TOMCL)	7,840,537 ▲ 3.11
Maple Leaf Cement / Aug 6 Maple Leaf Cement Factory Limited(MLCF)	7,634,431 ▲ 0.96
Big Bird Foods / Aug 6 Big Bird Foods Limited(BBFL)	7,278,948 ▲ 1.18
Trust Sec.& Brok. / Aug 6 Trust Securities & Brokerage Limited(TSBL)	7,039,262 ▲ 0
Bunnys Limited / Aug 6 Bunnys Limited(BNL)	6,668,949 ▼ -0.02

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