News Archives for Business & Finance - 2025-10-30

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Business & Finance - 2025-10-30

Markets

India regulator bars Gretex from merchant banking for 21 days over IPO lapse

India’s markets regulator on Thursday barred Gretex Corporate Services Ltd from taking on new merchant banking...

Published 30 Oct, 2025 11:19pm

Markets

‘Pakistan experiencing unprecedented solarisation of its energy sector’

Pakistan was experiencing unprecedented solarisation of its energy sector, with solar photovoltaic (PV) panels of 33...

Published 30 Oct, 2025 09:33pm

Companies

NLC launches the Pakistan–Gulf–China Vessel Service

The National Logistics Corporation (NLC) has expanded its shipping service on new maritime route connecting Pakistan...

Published 30 Oct, 2025 09:06pm

Business & Finance

SBP-held foreign exchange reserves rise by $16 million to $14.47bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $16 million on a weekly basis,...

Published 30 Oct, 2025 08:52pm

Industry

Senate panel raises concern over absence of global airlines in PIA privatisation

National airline to be privatised by end of this year, committee informed

Published 30 Oct, 2025 08:50pm

Companies

DP World pledges $5 billion infrastructure investment in India

DUBAI: Dubai-owned ports and logistics company DP World has pledged to invest an additional $5 billion in India to...

Published 30 Oct, 2025 08:36pm

Markets

India’s Reliance Jio users to get 18-month free access to Google’s Gemini Pro in broader AI push

India’s Reliance Industries and Google on Thursday announced artificial intelligence tie-ups for consumers and...

Published 30 Oct, 2025 07:28pm

Markets

India markets regulator allows Nifty Bank to be restructured by March 2026

India markets regulator said on Thursday indexes of banking stocks linked to derivatives contracts - NSE’s Nifty...

Published 30 Oct, 2025 07:22pm

Companies

Indian adhesives maker Pidilite’s quarterly profit grows on strong demand

India’s Pidilite Industries reported an 8.4% year-on-year jump in second-quarter profit on Thursday on the back of...

Published 30 Oct, 2025 07:19pm

Markets

ECB keeps rates unchanged as economy holds up despite trade strife

FLORENCE: The European Central Bank kept interest rates unchanged at 2% for the third meeting in a row on Thursday...

Published 30 Oct, 2025 07:14pm

Companies

Nissan says expects $1.8bn operational loss in 2025-26

PARIS: Struggling Japanese carmaker Nissan said it expected to suffer an operating loss of 275 billion ($1.8...

Published 30 Oct, 2025 06:09pm

Financial

India’s 10-year bond yield jumps most in 6 weeks on fading US rate cut bets

MUMBAI: India’s 10-year government bond yield logged its biggest jump in six weeks on Thursday, as hawkish comments...

Published 30 Oct, 2025 05:02pm

Commodities

Asia rice: Vietnam prices hit over 2-month low on weak demand; Indian rates hold steady

Vietnam’s rice prices fell to a more than two-month low this week on subdued demand and poor crop quality, while...

Published 30 Oct, 2025 04:58pm

Middle East

Indian firm Megha’s unit buys coal plant from Abu Dhabi’s TAQA

Indian firm Megha Engineering & Infrastructures said on Thursday it has bought a thermal power plant in the...

Published 30 Oct, 2025 04:54pm

Companies

Hyundai India beats profit view, set to surpass FY26 export targets

Hyundai Motor India posted a stronger-than-expected second-quarter profit on Thursday, driven by robust overseas...

Published 30 Oct, 2025 04:47pm

Companies

Toyota steps up India expansion with new SUVs, rural push as profit surges

TOKYO: Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its...

Published 30 Oct, 2025 04:42pm

Energy

Ship carrying Russian naphtha to India in limbo after US sanctions

MOSCOW/NEW DELHI: A ship carrying Russian naphtha has been stuck off India’s western coast, unable to unload, since...

Published 30 Oct, 2025 04:36pm

Energy

Indian refiners tap spot markets to replace Russian supply, sources say

NEW DELHI/SINGAPORE: State-run refiner Indian Oil is seeking more oil from the Americas while Mangalore Refinery and...

Published 30 Oct, 2025 04:31pm

Stocks

Indian shares drop on caution over US rate trajectory, Trump-Xi trade deal

Indian shares fell on Thursday as investor sentiment cooled after Federal Reserve Chair Jerome Powell raised doubts...

Published 30 Oct, 2025 04:23pm

Companies

Saritow Spinning Mills to exit textile business, eyes warehousing venture

The Board of Directors of Saritow Spinning Mills Limited (SSML) has decided to permanently close its spinning mill...

Updated 30 Oct, 2025 06:25pm

Forex

Indian rupee falls to fortnightly low on Fed’s hawkish jolt, outflows

MUMBAI: The Indian rupee slid to its lowest in two weeks on Thursday as outflows worsened the hit from a hawkish...

Published 30 Oct, 2025 04:20pm

Companies

Gillette India’s quarterly profit rises on demand for grooming products

Gillette India posted an 8% rise in profit for the quarter ended September 30 on Thursday, on sustained demand for...

Published 30 Oct, 2025 04:17pm

Markets

India’s Dabur posts quarterly profit miss as consumption tax cuts disrupt sales

Indian consumer goods maker Dabur reported a smaller-than-expected rise in second-quarter profit on Thursday due to...

Published 30 Oct, 2025 04:13pm

Commodities

India’s Swiggy posts narrower sequential loss on strong quick commerce growth

Indian food and grocery delivery platform Swiggy reported a second-quarter loss that narrowed sequentially as strong...

Published 30 Oct, 2025 04:06pm

Commodities

Palm oil rises on Dalian soyoil strength, weak ringgit

JAKARTA: Malaysian palm oil futures inched higher on Thursday, tracking strength in Dalian soyoil market while a...

Published 30 Oct, 2025 04:02pm

Middle East

Abu Dhabi’s Lunate to commit $1 billion to new investment platform launched with BlackRock’s HPS

ABU DHABI: BlackRock-owned HPS Investment Partners and Abu Dhabi’s Lunate plan to launch a new platform to invest in...

Published 30 Oct, 2025 03:57pm

Technology

From Karachi to Peshawar: HUBCO Green accelerates Pakistan’s EV charging rollout

Phase 1 is set for commissioning by October 31, 2025

Published 30 Oct, 2025 03:56pm

Energy

Indian state-backed refinery halts Russian oil

NEW DELHI: Indian state-backed refiner HPCL-Mittal Energy has halted purchases of Russian crude after US President...

Published 30 Oct, 2025 01:35pm

Business & Finance

‘Thai Red Tea’ shipment from Thailand found packed with marijuana, say customs

The Air Cargo Control Unit (ACCU) of the Customs Collectorate Airports Karachi has foiled an attempt to smuggle...

Published 30 Oct, 2025 12:50pm

Financial

Gold price per tola drops Rs1,000 in Pakistan

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

Published 30 Oct, 2025 12:25pm

Markets

Starbucks sales rebound globally, coffee prices bite margins

Starbucks posted its first quarter of gains in comparable sales after nearly a year and a half on Wednesday, led by...

Published 30 Oct, 2025 12:23pm

Companies

HUBCO profit declines 35% in 1QFY26

Amid lower revenue, Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its...

Published 30 Oct, 2025 12:16pm

Markets

Lufthansa’s third-quarter earnings as expected, says demand will improve

LONDON: Lufthansa reported on Thursday quarterly operating earnings slightly above expectations and said the outlook...

Published 30 Oct, 2025 12:07pm

Mutual Funds

India bonds set to open lower on hawkish Fed commentary

The yield on the benchmark 10-year note may swing between 6.52% and 6.56%

Published 30 Oct, 2025 11:51am

Forex

Indian rupee weakens on Fed’s hawkish tilt, traders on guard for RBI intervention

MUMBAI: The Indian rupee hit a two-week low on Thursday, tracking losses across Asian peers, as expectations for a...

Published 30 Oct, 2025 11:44am

Stocks

India’s stock benchmarks inch lower; US-China talks in focus

The Nifty 50 was down 0.27% at 25,984.4

Published 30 Oct, 2025 11:42am

Stocks

Asia stocks wobble as Fed cuts, BOJ and Trump-Xi meeting in view

SINGAPORE: Asian stocks fluctuated between gains and losses early on Thursday after the Federal Reserve cut interest...

Published 30 Oct, 2025 11:27am

Industry

Govt drafts reforms to curb exploitation in overseas Pakistanis’ car import schemes

Commerce Minister Jam Kamal Khan said the government is working on amending used car import schemes to curb...

Published 30 Oct, 2025 11:04am

Forex

Dollar gains as Fed cut bets recede; yen on guard

SINGAPORE: The dollar nudged higher on Thursday as traders scaled back bets of a US rate cut in December following...

Published 30 Oct, 2025 10:47am

Energy

Oil falls as investors assess US-China trade truce

Brent crude futures fell 42 cents or 0.65% to $64.50

Updated 30 Oct, 2025 05:09pm

Currency

Pakistan rupee edges up against US dollar

Currency settles at 280.92 against greenback

Updated 30 Oct, 2025 08:54pm

Stocks

Selling enters seventh day as KSE-100 Index loses over 1,700 points

Benchmark index sheds over 10,500 points in seven negative sessions

Updated 30 Oct, 2025 05:51pm

Companies

Economic challenges force Amreli Steels to keep Karachi facility shut for six more months

Citing economic hardships, the Board of Directors (BoD) of Amreli Steels Limited (ASTL) has decided to extend the...

Published 30 Oct, 2025 09:45am

Business & Finance

Pakistan’s Sapphire Fibres to invest additional $2.5mn in US subsidiary

Pakistan’s textile manufacturer Sapphire Fibres Limited (SFL) has announced plans to inject an additional equity...

Published 30 Oct, 2025 09:20am

Industry

Pakistan’s economic interests: Diplomatic community plays significant role: LCCI

LAHORE: President of the Lahore Chamber of Commerce & Industry (LCCI) Faheem Ur Rehman Saigol emphasized that ...

Published 30 Oct, 2025 07:07am

Industry

PCJCCI, Precision Development (HK) sign MoU to boost trade

LAHORE: Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) and Precision Development (HK) Limited, a ...

Published 30 Oct, 2025 07:06am

Energy

Retail network expands: Wafi Energy posts Rs3.03bn PAT

KARACHI: Wafi Energy Pakistan Limited (WEPL) has reported a substantial improvement in profitability for the nine...

Published 30 Oct, 2025 06:56am

Industry

PM’s working groups: PBF demands participation of business community

KARACHI: The Pakistan Business Forum (PBF) has voiced deep concern over the government’s announced...

Published 30 Oct, 2025 06:55am

Industry

TDAP holds meeting with representatives of PCI, PII

KARACHI: A meeting with representatives of Pakistan Cables Industry and Pipe International Industries was convened ...

Published 30 Oct, 2025 06:53am

Taxes

7-15 days more extension sought: Experts welcome FBR move to set up tax return body

ISLAMABAD: Tax experts have welcomed the Federal Board of Revenue’s decision for constitution of a committee to...

Published 30 Oct, 2025 06:52am

Taxes

Taxpayers’ facilitation: FBR constitutes online return filing body

ISLAMABAD: Taking a positive step for taxpayers’ facilitation, Federal Board of Revenue (FBR) has constituted a...

Published 30 Oct, 2025 06:50am

Taxes

Malfeasance charges: FBR field units defy FTO action

ISLAMABAD: The Federal Board of Revenue’s field formations have reportedly adopted a unique mode to ignore action...

Published 30 Oct, 2025 06:49am

Industry

‘Industrial plots will be given at lower rates under rental policy’

LAHORE: Provincial Minister for Industries and Commerce, Chaudhry Shafay Hussain said that industrial plots in...

Published 30 Oct, 2025 06:48am

Technology

Google hosts Think Apps 2025 at Lahore

LAHORE: Google hosted Think Apps 2025 in the provincial capital, bringing together more than 400 of Pakistan’s top...

Published 30 Oct, 2025 06:45am

Technology

Ignite Board approves series of flagship tech, innovation programmes

ISLAMABAD: The Ignite Board, under the Ministry of Information Technology and Telecommunication (MoITT), has ...

Published 30 Oct, 2025 06:45am

Companies

SECMC becomes first mining company to win four excellence awards

KARACHI: Sindh Engro Coal Mining Company (SECMC), Pakistan’s pioneering coal mining company and one of the...

Published 30 Oct, 2025 06:22am

Companies

Nvidia becomes world’s first USD5trn company

NEW YORK: AI chip juggernaut Nvidia became the world’s first USD5 trillion company on Wednesday, as investors...