News Archives for Business & Finance - 2025-10-23

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Business & Finance - 2025-10-23

Technology

Trump pardons convicted Binance founder Zhao, White House says

Pakistan govt earlier this year appointed Changpeng Zhao as strategic advisor to Pakistan Crypto Council

Published 23 Oct, 2025 10:05pm

Technology

Nearly 700 people, including Pakistanis, flee to Thailand after Myanmar scam centre raid

BANGKOK: Nearly 700 foreigners, including Pakistanis, have fled Myanmar and crossed into Thailand, the Thai army...

Published 23 Oct, 2025 09:37pm

Stocks

Europe’s STOXX 600 closes at record high on energy boost, earnings in focus

The STOXX 600 index closed at a record high on Thursday, led by gains in energy stocks after the U.S. imposed new...

Published 23 Oct, 2025 09:31pm

Stocks

FTSE 100 ends at record high, boosted by oil and earnings

London’s FTSE 100 index closed at a record high on Thursday, lifted by oil stocks and positive results from...

Published 23 Oct, 2025 09:17pm

Energy

India poised to sharply cut Russian oil imports after sanctions, sources say

NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on...

Published 23 Oct, 2025 08:09pm

Commodities

Copper strides higher on hopes for stimulus after China plenum

LONDON: Copper prices pushed higher on Thursday on hopes that top metals consumer China will unleash more stimulus...

Published 23 Oct, 2025 07:57pm

Stocks

TSX climbs as energy, materials sectors lead gains on rising commodity prices

Canada’s resource-heavy main stock index rallied on Thursday, led by gains in the energy and materials sectors,...

Published 23 Oct, 2025 07:54pm

Stocks

Wall Street subdued as Tesla, IBM results disappoint

Wall Street was largely muted on Thursday, as lackluster earnings from Tesla and IBM cast a shadow over risk...

Published 23 Oct, 2025 07:38pm

Stocks

Most Gulf markets gain on earnings and oil

Most stock markets in the Gulf ended higher on Thursday, helped by corporate earnings announcements and rising oil...

Published 23 Oct, 2025 07:16pm

Companies

India’s Hero MotoCorp to enter UK market with Hunk 440 motorcycle priced at 3,990 euros

Hero MotoCorp India’s largest two-wheeler maker, said on Thursday it will enter the United Kingdom market with a...

Published 23 Oct, 2025 05:14pm

Stocks

Sri Lankan shares rise for fifth straight session

CSE All-Share index rose 0.26% to 22,850.95

Published 23 Oct, 2025 05:00pm

Commodities

Asia rice: India rates rise from over 9-year low, Thai prices remain subdued on flat demand

Indian rice exports edged up from a more than nine-year low this week, supported by a stronger rupee despite muted...

Published 23 Oct, 2025 04:49pm

Financial

India bonds fall as bank liquidity tightens; all eyes on US trade deal

MUMBAI: Indian government bonds took a hit on Thursday as tight banking system liquidity and the prospect of a trade...

Published 23 Oct, 2025 04:44pm

South Asia

India limits content takedown powers to fewer officials after spat with Musk’s X

BENGALURU: The Indian government has reduced the number of officials who can order content to be taken down from the...

Published 23 Oct, 2025 04:35pm

Business & Finance

FBR suspends customs clearance at key Pak-Afghan border points after clashes

The Federal Board of Revenue (FBR) said on Thursday that customs clearance of exports and imports was suspended at...

Published 23 Oct, 2025 04:31pm

Business & Finance

Netherlands keen on exploring investment opportunities in Pakistan’s agri, IT sectors

Netherlands has reaffirmed its commitment to expand its trade and investment cooperation with Pakistan, as newly...

Published 23 Oct, 2025 04:24pm

Commodities

Robusta coffee hits five-week high, cocoa and sugar also up

LONDON: Robusta coffee futures on ICE rose on Thursday, climbing to a five-week peak, buoyed partly by the recent...

Published 23 Oct, 2025 04:22pm

Companies

Eli Lilly allows Cipla to sell weight loss drug under new brand in India

Eli Lilly signed an agreement with Cipla allowing the Indian drugmaker to sell its blockbuster weight-loss drug...

Published 23 Oct, 2025 04:08pm

Markets

India’s Torrent Pharma to proceed with $1.6bn bond issue after regulatory nod, bankers say

MUMBAI: India’s Torrent Pharmaceuticals will proceed with its plan to sell bonds worth as much as 140 billion rupees...

Published 23 Oct, 2025 04:03pm

Commodities

Palm oil ends higher on Dalian’s soyoil

JAKARTA: Malaysian palm oil futures closed higher on Thursday, snapping three consecutive sessions of losses,...

Published 23 Oct, 2025 03:56pm

Forex

Indian rupee stuck in narrow range as equity inflows, dollar selling clash with importer hedging

MUMBAI: The Indian rupee struggled for direction on Thursday, stuck in a narrow range before ending marginally...

Published 23 Oct, 2025 03:52pm

Stocks

Indian shares extend rally on US trade deal hopes, earnings revival bets

India’s equity benchmarks logged a sixth consecutive session of gains on Thursday, as prospects of a trade deal with...

Published 23 Oct, 2025 03:47pm

Business & Finance

NAB recovers nearly $4bn during 3rd quarter of 2025

The National Accountability Bureau (NAB) has recovered Rs1,102.04 billion (~ USD 3.9 billion) during the third...

Published 23 Oct, 2025 03:27pm

Commodities

Gold price per tola sheds Rs3,500 in Pakistan

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

Published 23 Oct, 2025 01:47pm

Stocks

Japan’s Nikkei ends lower on profit-booking from Takaichi rally

The Nikkei declined 1.35% to 48,641.61 in its second straight session of falls

Published 23 Oct, 2025 01:03pm

Energy

KE’s Alvi terms NEPRA’s revised tariff ‘unprecedented’, warns of operational strain

Syed Moonis Abdullah Alvi, K-Electric (KE) Chief Executive Officer (CEO), has termed the latest tariff determination...

Updated 23 Oct, 2025 01:14pm

Commodities

Algerian wheat buy in tender on Wednesday around 600,000 tons, traders say

HAMBURG/PARIS: Algeria’s state grains agency OAIC is believed to have purchased around 600,000 metric tons of...

Published 23 Oct, 2025 12:38pm

Forex

South African rand muted as traders eye possible ‘grey’ list exit

JOHANNESBURG: The rand was flat in early trade on Thursday, as cautious investors awaited news on South Africa’s...

Published 23 Oct, 2025 12:17pm

Markets

Tesla shares fall 4% in Europe after profit miss

Tesla’s shares fell nearly 4% in early Frankfurt trading on Thursday, after the company’s quarterly profit missed...

Published 23 Oct, 2025 12:14pm

Business & Finance

Navaid Hasib joins NBP Board

Bank issues notice to the Pakistan Stock Exchange

Published 23 Oct, 2025 11:39am

Business & Finance

Aurangzeb explains why MNCs are leaving Pakistan

Finance Minister Muhammad Aurangzeb has said that while some multinational companies have exited Pakistan, new...

Published 23 Oct, 2025 11:07am

Markets

Volvo Cars Q3 profit rises slightly despite pricing competition, tariffs

STOCKHOLM: Sweden-based Volvo Cars reported a small rise in third-quarter operating profit before items affecting...

Published 23 Oct, 2025 10:31am

Markets

Europe firms agree satellite merger to counter Starlink

ROME/PARIS: European aerospace groups unveiled a preliminary deal on Thursday to pool their loss-making satellite...

Published 23 Oct, 2025 10:27am

Markets

Nokia beats estimates as it scales down venture fund investments

Finnish telecoms equipment maker Nokia reported third-quarter profit ahead of expectations on Thursday and said that...

Published 23 Oct, 2025 10:24am

Stocks

India’s benchmarks target record as shareholders back Infosys; US deal hopes

India’s stock benchmarks rose on Thursday, led by Infosys after some of its large shareholders and their affiliated...

Published 23 Oct, 2025 10:11am

Currency

Rupee registers gain against US dollar

Currency settles at 281.03 against greenback

Updated 23 Oct, 2025 09:13pm

Technology

Meta to cut 600 jobs in artificial intelligence: reports

NEW YORK: Facebook owner Meta is cutting 600 jobs in its artificial intelligence division in a move intended to...

Published 23 Oct, 2025 10:00am

Stocks

Stocks extend losses as KSE-100 closes nearly 2,000 points down

Selling pressure continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 closing with a loss of...

Updated 23 Oct, 2025 10:55pm

Forex

Indian rupee set to open higher after Diwali break; focus on US-India trade deal news flow

MUMBAI: Cues from the non-deliverable forward market suggest that the Indian rupee will open higher on Thursday,...

Published 23 Oct, 2025 09:22am

Stocks

Asian markets retreat on potential new US trade curb against China

MSCI’s broadest index of Asia-Pacific shares outside Japan was last off 0.3%, while Japan’s Nikkei 225 sank 1.5%

Published 23 Oct, 2025 09:19am

Bullion Rate

Gold inches down as dollar firms, focus on US inflation data

Spot gold was down 0.2% at $4,084.29 per ounce

Published 23 Oct, 2025 09:14am

Forex

Dollar edges up ahead of CPI, trade news; yen slips

TOKYO: The dollar drifted higher against its major peers on Thursday as traders waited on the delayed release of...

Published 23 Oct, 2025 09:11am

Energy

Oil prices surge 5% as US hits Russian firms Rosneft, Lukoil with sanctions

Brent futures rise $2.91, or 4.7%, to $65.50 a barrel at 10:51 am EDT

Updated 23 Oct, 2025 09:25pm

Companies

Advance salary option: ABHI partners with UAE-based Group

KARACHI: ABHI, the neo bank of the future, partnered with Al Fardan Exchange, the UAE’s most trusted financial...

Published 23 Oct, 2025 07:59am

Companies

CCP approves acquisition of FLSmidth Cement by Corsica Buyer ApS

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s FLSmidth Cement by M/s...

Published 23 Oct, 2025 07:52am

Companies

Akzo Nobel Pakistan: IGI Holdings subsidiary eyes full acquisition

KARACHI: IGI Holdings Limited has announced that its wholly owned subsidiary, IGI Investments (Private) Limited, has...

Published 23 Oct, 2025 07:46am

Business & Finance

CCP redefining its role to proactive market architect

ISLAMABAD: The Competition Commission of Pakistan (CCP) is quietly redefining its role from a cartel-busting ...

Published 23 Oct, 2025 07:21am

Industry

German Emirati Joint Council team visits SAI

KARACHI: A business delegation from German Emirati Joint Council for Industry and Commerce, German Chambers (AHK),...

Published 23 Oct, 2025 07:18am

Business & Finance

Modern energy-efficient models: NTDC chairman briefs SAPM

ISLAMABAD: The Chairman of the National Transmission and Dispatch Company (NTDC) called on the Special Assistant to...

Published 23 Oct, 2025 07:17am

Money & Banking

SBP calls for collaboration to accelerate Islamic and digital banking transformation

KARACHI: Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need...

Published 23 Oct, 2025 07:09am

Taxes

Secretariat resolves 57,000 complaints of taxpayers: FTO

KARACHI: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has revealed that during his four-year tenure, the FTO...

Published 23 Oct, 2025 07:08am

Industry

TDAP hosts seminar on textile industry

KARACHI: The Trade Development Authority of Pakistan (TDAP) successfully organised a seminar on “Technical ...

Published 23 Oct, 2025 07:06am

Companies

Yango Ride introduces new option for partner drivers

ISLAMABAD: Yango Ride, part of the global tech company Yango Group, has introduced an all-new option for its partner...

Published 23 Oct, 2025 07:05am

World

New UN forum aims to tackle developing economies’ debt issues

LONDON/GENEVA: A new UN-supported forum designed to help tackle the most pressing debt issues across emerging...

Published 23 Oct, 2025 06:06am

Pakistan

Sharjeel says Sindh govt committed to addressing business community’s concerns

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has said that the country’s economy runs because of...

Published 23 Oct, 2025 06:06am

Business & Finance

PNSC subsidiary Quetta Shipping acquiring MR-II class tanker

KARACHI: Pakistan National Shipping Corporation (PNSC) has announced that its wholly-owned subsidiary, Quetta...

Published 23 Oct, 2025 06:06am

Business & Finance

Global trade system ‘at risk of derailment’: UN

GENEVA: The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid...

Published 23 Oct, 2025 06:06am

Companies

Soneri Bank posts PAT of Rs3,304m in nine months

KARACHI: The Board of Directors of Soneri Bank Limited, in their 212th meeting held in Karachi on 22 October 2025,...

Updated 23 Oct, 2025 08:20am

Companies

MCB Bank posts strong performance in Q3

LAHORE: The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian ...

Published 23 Oct, 2025 06:06am

Money & Banking

Sterling slips, dollar falls versus yen

NEW YORK: The pound fell on Wednesday after British inflation in September undershot forecasts, while the US dollar...

Published 23 Oct, 2025 06:06am

Money & Banking

Asian currencies: Rupiah firmer against dollar

****BENGALURU: Indon esia’s rupiah erased early losses to firm slightly on Wednesday, while stocks slid, as Bank...

Published 23 Oct, 2025 06:06am

Industry

BQATI concerned over revised MYT for KE

KARACHI: In an emergent meeting held by the Bin Qasim Association of Trade & Industry (BQATI), serious concerns...

Published 23 Oct, 2025 06:06am

Business & Finance

SDPI holds dialogue: Regulatory sandbox to reform power sector subsidy regime proposed

ISLAMABAD: Experts proposed a regulatory sandbox to reform the power sector subsidy regime through solar integration...

Published 23 Oct, 2025 06:06am

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	328.56
Crude Oil USD/Barrel / Aug 6	74.78
Gold Spot USD/Ounce / Aug 6	4,250.14
Diesel/Litre / Aug 6	385.86
Cotton US¢/pound / Aug 6	82.86

Gainers
Losers
Leaders

Stock	Price
Asim Textile / Aug 6 Asim Textile Mills Limited(ASTM)	56.19 ▲ 5.11 (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%)
Mughal Iron & Steel(C) / Aug 6 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	67 ▲ 5.78 (9.44%)
Security Investment Bank / Aug 6 Security Investment Bank Limited(SIBL)	7.66 ▲ 0.66 (9.43%)
Crescent Fib. / Aug 6 Crescent Fibres Limited(CFL)	62.99 ▲ 4.64 (7.95%)
D.M. Corporation / Aug 6 D.M. Corporation Limited(DMC)	185.95 ▲ 13.07 (7.56%)
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	11.96 ▲ 0.82 (7.36%)
Bela Auto / Aug 6 Bela Automotives Limited(BELA)	60.71 ▲ 3.85 (6.77%)
Ittefaq Iron Ind / Aug 6 Ittefaq Iron Industries Limited(ITTEFAQ)	9.70 ▲ 0.59 (6.48%)

Stock	Price
Karam Ceramics / Aug 6 Karam Ceramics Limited(KCL)	130.51 ▼ -14.49 (-9.99%)
Shahtaj Textile / Aug 6 Shahtaj Textile Limited(STJT)	141 ▼ -11.99 (-7.84%)
786 Invest Ltd / Aug 6 786 Investments Limited(786)	26.59 ▼ -1.98 (-6.93%)
Pak. P.V.C. / Aug 6 Pakistan PVC Limited(PPVC)	25.20 ▼ -1.69 (-6.28%)
JS Investments / Aug 6 JS Investments Limited(JSIL)	43.03 ▼ -2.78 (-6.07%)
Ashfaq Textile / Aug 6 Ashfaq Textile Mills Limited(ASHT)	33.38 ▼ -1.71 (-4.87%)
Jauharabad Sug / Aug 6 Jauharabad Sugar Mills Limited(JSML)	62.50 ▼ -3.09 (-4.71%)
Olympia Mills / Aug 6 Olympia Mills Limited(OML)	103.35 ▼ -4.94 (-4.56%)
Jubilee Spinning / Aug 6 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	54.17 ▼ -2.34 (-4.14%)
Javedan Corp.(Pref) / Aug 6 Javedan Corp.(Pref)(JVDCPS)	56 ▼ -2.32 (-3.98%)

Stock	Volume
B.O.Punjab / Aug 6 The Bank of Punjab(BOP)	32,245,634 ▲ 1.33
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	30,593,547 ▲ 0.82
Pak Int.Bulk / Aug 6 Pakistan International Bulk Terminal(PIBTL)	10,883,964 ▲ 0.18
Pace (Pak) Ltd. / Aug 6 Pace (Pakistan) Limited(PACE)	7,922,311 ▲ 0.22
Big Bird Foods / Aug 6 Big Bird Foods Limited(BBFL)	6,221,533 ▲ 1.2
Arif Habib Corp / Aug 6 Arif Habib Corporation Limited(AHCL)	5,870,537 ▲ 0.54
Cnergyico PK / Aug 6 Cnergyico PK Limited(CNERGY)	5,808,904 ▼ -0.01
TPL Properties / Aug 6 TPL Properties Limited(TPLP)	5,217,077 ▼ -0.1
Bunnys Limited / Aug 6 Bunnys Limited(BNL)	4,620,866 ▲ 0.08
Aisha Steel Mill / Aug 6 Aisha Steel Mills Limited(ASL)	4,554,530 ▲ 0.75

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