News Archives for Business & Finance - 2025-10-24

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Business & Finance - 2025-10-24

Stocks

European shares close at record high on US data, trade hopes

European shares closed at a record high on Friday, boosted by cooler than expected U.S. inflation data and hopes of...

Published 24 Oct, 2025 10:00pm

Markets

ECC approves Rs2.5bn grant to establish Pakistan Maritime Science and Technology Park

The Economic Coordination Committee (ECC) of the Cabinet approved on Friday a grant of Rs2.5 billion for the...

Published 24 Oct, 2025 09:59pm

Stocks

FTSE 100 closes at record high, boosted by financials

Britain’s FTSE 100 closed at a record high on Friday, capping a strong week for London equities, as financial stocks...

Published 24 Oct, 2025 09:32pm

Perspectives

What if I were a foreign investor looking at Pakistan

In 2018, during a press briefing, a senior official associated with an investment company cheerfully remarked that...

Updated 24 Oct, 2025 10:36pm

World

Russia’s top Indian oil buyer Reliance says it will abide by Western sanctions

NEW DELHI: Reliance Industries Ltd, the top Indian buyer of Russian oil, will abide by Western sanctions against...

Published 24 Oct, 2025 09:01pm

Money & Banking

Former IndusInd Bank deputy pays 50% of alleged insider trading gains to SEBI

IndusInd Bank’s former deputy chief has deposited 50% of the alleged insider trading gains with India’s markets...

Published 24 Oct, 2025 08:50pm

Markets

India’s SBI Card misses quarterly profit view on higher operating costs

India’s SBI Cards and Payment Services reported second-quarter profit below expectations on Friday, hurt by higher...

Published 24 Oct, 2025 08:37pm

Business & Finance

Hamad Ali Mansoor appointed new CEO of Engineering Development Board

The federal government has appointed Hamad Ali Mansoor as the new Chief Executive Officer (CEO) of the Engineering...

Published 24 Oct, 2025 08:31pm

Stocks

TSX climbs as US inflation data boosts rate-cut hopes

Canada’s main stock index climbed on Friday after a softer-than-expected U.S. inflation report strengthened bets for...

Published 24 Oct, 2025 07:54pm

Markets

RBI proposes new infrastructure risk weights for NBFCs

MUMBAI: India’s central bank on Friday proposed revised risk-weight guidelines for non-banking financial companies’...

Published 24 Oct, 2025 07:49pm

Markets

India’s RBI proposes limits for banks’ capital market exposure, acquisition funding

BENGALURU: The Reserve Bank of India released a draft circular on Friday, proposing that banks’ total direct capital...

Published 24 Oct, 2025 07:45pm

Commodities

Copper steadies after nearing $11,000, heads for weekly gain

Copper rallied toward $11,000 per metric ton on Friday before losing steam but was still on course for a weekly rise...

Published 24 Oct, 2025 07:40pm

Stocks

UAE markets gain on rate cut optimism

Stock markets in the United Arab Emirates closed higher on Friday with Dubai outperforming its regional peers as...

Published 24 Oct, 2025 07:36pm

Markets

India central bank to exempt sovereign-backed real estate fund from alternate investment fund rules

The Reserve Bank of India will exempt a government-backed real estate rescue fund from its tightened rules for...

Published 24 Oct, 2025 07:30pm

Stocks

Wall St set for higher open as cool inflation data fuels Fed rate cut bets

Wall Street’s main indexes were poised for a solid start on Friday, as investors welcomed a cooler-than-expected...

Published 24 Oct, 2025 07:27pm

Energy

Global LNG: Asian spot prices little changed amid high inventories, softer demand

LONDON: Asian spot liquefied natural gas prices were little changed this week as high inventories and softer demand...

Published 24 Oct, 2025 07:22pm

Pakistan

Pakistan, Turkiye explore joint ventures in shipbuilding, ferry service

Pakistan and Turkiye on Thursday explored new areas of maritime cooperation, including potential joint ventures in...

Published 24 Oct, 2025 06:10pm

South Asia

India cautious on trade deals, says US pact ‘very near’

NEW DELHI: India will not accept limits on its trading choices or rush to sign agreements, Trade Minister Piyush...

Published 24 Oct, 2025 05:06pm

Financial

India bonds end flat, short-sellers in active zone

MUMBAI: Indian government bonds ended little changed, recovering from intraday declines, but posted a weekly drop on...

Published 24 Oct, 2025 04:58pm

Stocks

Sri Lankan shares snap five straight session of gains

CSE All-Share index fell 0.17% to 22,812.52

Published 24 Oct, 2025 04:54pm

Companies

India’s Dr Reddy’s misses profit view on stiff US competition for generic cancer drug

Indian generic drugmaker Dr Reddy’s Laboratories missed second-quarter profit estimates on Friday, hurt by higher...

Published 24 Oct, 2025 04:49pm

Markets

India’s private sector activity eases to five-month low in October, PMI shows

BENGALURU: Growth in India’s private sector eased to a five-month low in October as weaker demand and rising output...

Published 24 Oct, 2025 04:43pm

Markets

India regulator bars 13 individuals from securities market for front running

India’s markets regulator has barred 13 individuals from the securities market, after finding them guilty of front...

Published 24 Oct, 2025 04:39pm

Commodities

Asia gold: India demand cools after festive rush; price fall propels buying elsewhere

Physical gold demand in India ticked lower this week as buyers held back purchases, anticipating a deeper price...

Published 24 Oct, 2025 04:35pm

Companies

Two Indian infra investment trusts plan debut bond sale in coming weeks, bankers say

MUMBAI: Two Indian infrastructure investment trusts (InvITs) plan to raise a total of over 26 billion rupees ($297...

Published 24 Oct, 2025 04:27pm

Markets

Tinder owner Match says Apple fee will stifle growth in India

NEW DELHI: An Apple fee of up to 30% in India will over time stifle revenues for Match, the owner of dating app...

Published 24 Oct, 2025 04:22pm

Forex

Indian rupee rally fizzles as cautious trade comments temper optimism

MUMBAI: The Indian rupee surrendered all of its intraday gains to end little changed on Friday as optimism over...

Published 24 Oct, 2025 04:17pm

Commodities

Palm ends lower, books second weekly loss

JAKARTA: Malaysian palm oil futures extended losses and booked its second weekly loss on Friday, with the market...

Published 24 Oct, 2025 04:07pm

Technology

Pakistan to get its first Apple retail store by 2025 end

In a major development on the technology front, Air Link Communication, a smartphone manufacturer/assembler, said...

Published 24 Oct, 2025 04:06pm

Markets

India’s SBI Life posts lower profit as costs rise amid competition

India’s SBI Life Insurance reported a 7% fall in second-quarter profit on Friday, hurt by higher operating expenses...

Published 24 Oct, 2025 04:00pm

Stocks

Indian benchmark shares rise for fourth week; profit booking caps day’s gains

Indian benchmarks notched their fourth straight week of gains on Friday, their longest winning streak in 2025 so...

Published 24 Oct, 2025 03:53pm

Business & Finance

High-level body formed to classify petroleum SOEs as strategic or essential

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Friday approved new nominations for the boards of...

Published 24 Oct, 2025 03:47pm

Markets

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 24 Oct, 2025 02:14pm

Companies

Xiaomi car launch in Pakistan delayed amid surging China demand, says Air Link

Air Link Communication has indicated that the much-anticipated launch of Xiaomi cars in Pakistan will face delays,...

Updated 24 Oct, 2025 04:07pm

Financial

Gold price per tola drops Rs2,000 in Pakistan

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

Updated 24 Oct, 2025 09:26pm

Money & Banking

Meezan Bank profit down 11% to Rs23.4bn in 3QCY25

Meezan Bank (MEBL), the country’s largest Islamic bank, posted consolidated profit after tax (PAT) of Rs23.38...

Published 24 Oct, 2025 12:09pm

Stocks

Shanghai stocks scale 10-year high as chip, AI firms jump

SHANGHAI: Shanghai stocks hit a 10-year high on Friday while the mood in Hong Kong was also upbeat toward the end of...

Published 24 Oct, 2025 12:03pm

Forex

Yuan steady ahead of US inflation data, trade talks

SHANGHAI: China’s yuan remained largely flat against the dollar on Friday, trading narrowly as investors turned...

Published 24 Oct, 2025 12:00pm

Commodities

Chicago soybeans set for best weekly gain in 10 on trade optimism

BEIJING: Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained...

Published 24 Oct, 2025 11:58am

Mutual Funds

India bonds may extend slide as trade deal optimism muddles rate outlook

MUMBAI: Indian government bonds may conclude a holiday-truncated week by sliding further, although at a slower pace,...

Published 24 Oct, 2025 11:54am

Forex

Australia, NZ dollars set for small weekly gains with helping hand from yen

SYDNEY: The Australian and New Zealand dollars were set for weekly gains on Friday with a helping hand from the yen,...

Published 24 Oct, 2025 11:53am

Stocks

India’s stock benchmarks poised to open higher on earnings, trade optimism

India’s stock benchmarks, trading just shy of record levels, are set to open higher on Friday, as hopes around a...

Published 24 Oct, 2025 11:51am

Markets

China’s Xiaomi says surging memory chip prices push up smartphone costs

BEIJING: Chinese smartphone manufacturer Xiaomi on Friday said surging memory chip prices have raised the cost of...

Published 24 Oct, 2025 11:43am

Forex

Indian rupee rallies to 2-month high, helped by firm RBI hand, flows

MUMBAI: The Indian rupee climbed to a two-month high on Thursday, supported by likely inflows and the lingering...

Published 24 Oct, 2025 11:27am

Markets

Sanofi’s quarterly profit boosted by Dupixent and newer drugs, forecast unchanged

LONDON: France’s Sanofi reported a third-quarter profit that beat analysts’ expectations on Friday, boosted by...

Published 24 Oct, 2025 11:24am

Energy

Eni ups share buyback after better than expected Q3 results

MILAN: Italian energy group Eni said on Friday it would increase its share buyback after better-than-expected...

Published 24 Oct, 2025 11:15am

Stocks

Australia shares slip as banks and gold miners drag; inflation data in focus

The S&P/ASX 200 index fell 13.8 points to close at 9,019.00

Published 24 Oct, 2025 11:06am

Commodities

Palm trades lower, set for second weekly loss

JAKARTA: Malaysian palm oil futures slipped on Friday, on track to book its second weekly loss, with the market...

Published 24 Oct, 2025 11:04am

Companies

Pakistan’s auto-parts maker plans Rs1.5bn right issue

Loads Limited’s board has approved plans to raise up to Rs1.5 billion through a potential right issue of ordinary...

Published 24 Oct, 2025 11:00am

Markets

Pakistan’s central bank likely to hold rate at 11% on cautious inflation outlook: Reuters poll

KARACHI: Pakistan’s central bank is expected to keep its key interest rate unchanged at 11% on Monday, a Reuters...

Published 24 Oct, 2025 10:38am

Exchange

Rupee registers marginal gain against US dollar

Currency settles at 281.02 against the greenback

Updated 24 Oct, 2025 08:45pm

Business & Finance

PM Shehbaz invites Qatari investors to tap into Pakistan’s energy, IT and agri sectors

Prime Minister Shehbaz Sharif has invited Qatari investors to explore new avenues of collaboration under the...

Updated 24 Oct, 2025 10:25pm

Stocks

Selling pressure drags PSX lower, KSE-100 loses nearly 1,300 points

Negative sentiments prevail throughout trading session

Updated 24 Oct, 2025 06:33pm

Bullion Rate

Gold set to snap nine-week winning streak as US inflation test looms

Spot gold was down 0.2% at $4,118.68 per ounce

Published 24 Oct, 2025 08:39am

Markets

IMF urges Asia to cut trade barriers to beat US tariffs

The International Monetary Fund on Friday urged Asia to lower non-tariff barriers and integrate regional trade to...

Published 24 Oct, 2025 08:36am

Asia

Reversal of weak dollar may test Asia’s resilience to tariffs, IMF says

Asia may see its resilience to U.S. tariffs challenged if a rally in the dollar and a rebound in low interest rates...

Published 24 Oct, 2025 08:29am

Forex

Dollar calm as traders brace for US inflation data

The dollar index , which measures the US currency against six other units, was set for a 0.37% rise for the week. It was last at 98.92

Published 24 Oct, 2025 08:19am

Stocks

Asia shares gain on US-China trade hopes; oil eases

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

Published 24 Oct, 2025 08:15am

Energy

Oil heads for weekly gain on supply fears due to US sanctions on Russian companies

Brent crude futures rose 50 cents, or 0.76%, to $66.49

Updated 24 Oct, 2025 10:05pm

Companies

Pakistan Cables wins Diamond Award

KARACHI: Pakistan Cables Limited has been honored with the Diamond Award at the 3rd Employers’ Federation of...

Published 24 Oct, 2025 07:40am

Business & Finance

China’s GDP reaches nearly USD19trn this year

JINHUA: China’s economy continues to command global attention as its nominal Gross Domestic Product (GDP) reached...

Published 24 Oct, 2025 07:39am

Business & Finance

Poland ready to share developmental experience, tech expertise: Sikorski

ISLAMABAD: Deputy Prime Minister of Poland Radosaw Sikorski has reaffirmed that Poland stands ready to share its...

Published 24 Oct, 2025 07:33am

Industry

Jan-Sep 2025: 22.78m mobile handsets manufactured locally

ISLAMABAD: The local manufacturing and assembling plant s manufactured and assembled 22.78 million mobile handsets...

Published 24 Oct, 2025 07:31am

Companies

ARL HR Conference held

ISLAMABAD: ARL HR Conference HR Connect 2025 was organized by Attock Refinery Limited (ARL) on Thursday, October 23,...

Published 24 Oct, 2025 07:28am

Companies

Emerging Technologies Lab, CETC sign MoU

ISLAMABAD: The Emerging Technologies Lab and China Electronics Technology Group Corporation (CETC) on Wednesday...

Published 24 Oct, 2025 07:27am

Companies

MoU signed with SMEDA: Empowering SMEs vital to socio-economic growth: CEO MMBL

ISLAMABAD: Empowering Small and Medium Enterprises (SMEs) is vital to Pakistan’s socio-economic growth, and...

Updated 24 Oct, 2025 03:29pm

World

Misleading climate claims: French court convicts TotalEnergies

PARIS: A French court Thursday ruled oil and gas giant TotalEnergies had engaged in “misleading commercial...