News Archives for Business & Finance - 2025-11-05

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Business & Finance - 2025-11-05

Business & Finance

Pakistan’s fossil fuel demand falls as solar picks up pace: report

Country's primary energy supplies decline for second consecutive year in FY24

Published 05 Nov, 2025 10:59pm

Industry

Circular debt rose Rs79bn on ‘seasonable, operational factors’: Power Division

These interim, seasonal fluctuations in circular debt have no impact on consumer-end tariffs, claims PD spokesperson

Updated 05 Nov, 2025 10:20pm

Stocks

TSX rebounds as resource-focused shares lift

Canada’s benchmark index jumped on Wednesday, rebounding from the previous day’s selloff due to strength in...

Published 05 Nov, 2025 08:57pm

USA

US Supreme Court weighs legality of tariffs in major test of Trump’s power

Court due on Wednesday to hear arguments overlegality of Donald Trump’s sweeping tariffs

Updated 05 Nov, 2025 08:05pm

Business & Finance

FBR extends return filing deadline for manual filers till November 30

Also announces special facilitation measures for taxpayers who face difficulties adapting to the digital platform

Updated 05 Nov, 2025 07:58pm

Markets

Aurangzeb: SBP chief to push banks for enhanced private sector financing

KARACHI: Finance Minister Muhammad Aurangzeb said on Wednesday State Bank of Pakistan (SBP) Governor Jameel Ahmad...

Updated 05 Nov, 2025 08:37pm

Stocks

Wall St set for muted open after private payrolls data; tech valuation concerns persist

U.S. stock indexes were poised for a muted open on Wednesday, as investors retreated from AI-linked stocks for a...

Published 05 Nov, 2025 07:14pm

Markets

World Economic Forum chief warns of three possible ‘bubbles’ in global economy

One is crypto, second artificial intelligence, and third would be debt bubble, says WEF president Borge Brende

Updated 05 Nov, 2025 10:23pm

Commodities

Firm dollar, worries about demand in China weigh on copper

LONDON: Copper prices pulled back on Wednesday, extending their fall to a fifth consecutive session, under pressure...

Published 05 Nov, 2025 07:00pm

Stocks

Most Gulf bourses track global shares lower on valuation fears

Most Gulf stock markets closed lower on Wednesday, in line with global shares after an overnight tech-led sell-off...

Published 05 Nov, 2025 06:55pm

Commodities

Raw sugar prices hit 5-year low, cocoa also weakens

LONDON: Raw sugar futures slumped to a five-year low on Wednesday with the potential for a substantial global...

Published 05 Nov, 2025 05:50pm

Companies

Toyota, Honda turn India into car production hub in pivot away from China

TOKYO: Toyota, Honda and Suzuki are spending billions of dollars to build new cars and factories in India, a sign of...

Published 05 Nov, 2025 05:42pm

Companies

India’s Hindalco sees up to $650 million impact from fire at unit’s New York plant

India’s Hindalco said on Wednesday that a fire at the New York plant of its U.S. unit Novelis will hit the miner’s...

Published 05 Nov, 2025 05:31pm

Companies

India’s Grasim posts higher profit on chemicals strength; paint unit CEO resigns

India’s Grasim Industries reported a rise in second-quarter profit on Wednesday, on the back of higher demand for...

Published 05 Nov, 2025 05:26pm

Markets

India’s RBL Bank says Emirates NBD to launch open offer on December 12

India’s RBL Bank said on Wednesday that Emirates NBD will launch an open offer on December 12 to buy shares from...

Published 05 Nov, 2025 05:23pm

Companies

India’s TeamLease posts quarterly profit rise on higher staffing demand

TeamLease Services one of India’s top staffing firms, reported a 12% rise in second-quarter profit on Wednesday,...

Published 05 Nov, 2025 05:18pm

Commodities

Palm ends at 17-week low, market awaits MPOB’s data

JAKARTA: Malaysian palm oil futures closed lower on Wednesday, the lowest level in 17 weeks, weighed down by rival...

Published 05 Nov, 2025 05:14pm

Companies

India’s top drugmaker Sun Pharma beats profit view on strong domestic demand

Sun Pharmaceutical Industries India’s top drugmaker by revenue, reported a quarterly profit above analysts estimates...

Published 05 Nov, 2025 05:09pm

Pakistan

IMF board expected to approve $1.2bn tranche for Pakistan by ‘early December’, says Aurangzeb

Pakistan, IMF authorities reached staff-level agreement in mid-October

Updated 05 Nov, 2025 08:31pm

Interest Rates

National Savings Scheme: CDNS revises profit rates on schemes

Profit rate on Defence Savings Certificates revised downward by 11 basis points

Updated 05 Nov, 2025 07:05pm

Forex

Sterling steadies day ahead of BoE meeting

Sterling was last up 0.2% on the dollar at $1.3049

Published 05 Nov, 2025 03:31pm

Stocks

European shares hit two-week low on global tech rout; earnings in spotlight

The pan-European STOXX 600 index was down 0.3% at 568.78

Published 05 Nov, 2025 03:29pm

Business & Finance

Govt moving towards deregulation of sugar, wheat sectors, says Finance minister

Says this has to be done end-to-end, government needs to get out of entire value chain

Updated 05 Nov, 2025 07:47pm

Markets

BMW boosts profitability despite China, tariff woes

CEO Oliver Zipse said BMW was proving itself “resilient” despite numerous difficulties

Published 05 Nov, 2025 02:14pm

Markets

Pandora cuts sales growth forecast as Europe slows, knocking shares

LONDON: Danish jewellery brand Pandora cut its full year comparable sales growth forecast on Wednesday and posted...

Published 05 Nov, 2025 01:28pm

Financial

Gold price per tola falls Rs1,000 in Pakistan

Reaches Rs419,362 in local market

Updated 05 Nov, 2025 06:03pm

Markets

Volkswagen to develop own assisted driving chip in China

Volkswagen is still the leading foreign group operating in China but the auto giant's sales have drooped as local brands rise

Published 05 Nov, 2025 12:40pm

Stocks

South Korea’s Kospi index drops 4% on AI bubble fears

The Kospi index was trading down 4.48 percent at 3,937 points

Published 05 Nov, 2025 12:36pm

Markets

UAE non-oil sector growth slows slightly in October, PMI shows

ABU DHABI: Growth in non-oil business activity in the United Arab Emirates was slightly less robust in October,...

Published 05 Nov, 2025 12:15pm

Commodities

Shanghai copper extends losses as easing supply worries and soft China demand weigh

SHANGHAI: Shanghai copper eased for a fourth straight session on Wednesday, with futures hitting a more than...

Published 05 Nov, 2025 12:13pm

Markets

Foreign investors taking notice of Pakistan’s economic turnaround, says Schehzad

Foreign investors are showing renewed optimism in Pakistan’s economic outlook as key structural reforms and...

Published 05 Nov, 2025 12:11pm

Commodities

Soybeans edge higher, but absence of Chinese buying limits upside

SINGAPORE: Chicago soybean futures edged higher on Wednesday, recouping some losses from previous session, although...

Published 05 Nov, 2025 12:10pm

Markets

Air Canada profit falls after strike-related cancellations, slow US travel demand

Air Canada reported a lower third-quarter profit on Tuesday, as a labor disruption that forced the cancellation of...

Published 05 Nov, 2025 12:09pm

Forex

China’s yuan hits two-week low as risk sentiment sours

Spot yuan opened at 7.1330 per dollar and quickly hit 7.1344

Published 05 Nov, 2025 12:07pm

Commodities

Palm drops to nearly 4-month low on weak Dalian rival oils, increased output

palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 10 ringgit, or 0.24%, to 4,133 ringgit

Published 05 Nov, 2025 12:06pm

Stocks

China stocks recover lost ground as global risk appetite sours

The blue-chip CSI300 index was down 0.07%

Published 05 Nov, 2025 12:01pm

Mutual Funds

Vietnam raises $158.7mn in government bond auction

HANOI: Vietnam’s State Treasury raised 4.18 trillion dong ($158.7 million) in a weekly government bond auction on...

Published 05 Nov, 2025 12:00pm

Markets

China suspends some US tariffs, yet soybean buyers still face high tariffs

BEIJING: China will suspend for one year the 24% additional tariffs it imposed on US goods in April, while...

Published 05 Nov, 2025 11:47am

Mutual Funds

China eyes $4 billion dollar bond, term sheet shows, orders top $65 billion

China is looking to raise $4 billion in a two-tranche dollar bond, according to a term sheet seen by Reuters, a week...

Published 05 Nov, 2025 11:41am

Stocks

Commodity stocks pull Australian shares lower; banks cushion fall

Australian shares fell for a second straight session on Wednesday as investors rotated out of commodity stocks into...

Published 05 Nov, 2025 11:38am

Markets

Toyota raises full-year operating profit outlook on volumes, cost-reduction efforts

TOKYO: Toyota Motor raised its full-year operating profit forecast on Wednesday, as cost reduction efforts and...

Published 05 Nov, 2025 11:36am

Markets

Nippon Steel posts loss of 113.4 billion yen for six months through September

Nippon Steel, which closed a $15 billion deal to buy US Steel in June

Published 05 Nov, 2025 11:18am

Companies

Ghani Chemical increases CEO, executive director’s remuneration after 3 years

Ghani Chemical Industries Limited (PSX: GCIL) was incorporated in Pakistan as a private limited company in 2015 and...

Published 05 Nov, 2025 11:05am

Bullion Rate

Gold rebounds from near 1-week low on bargain-hunting ahead of US jobs data

Spot gold rose 0.8% to $3,961.85 per ounce

Published 05 Nov, 2025 11:04am

Exchange

Pakistan rupee posts marginal gain against US dollar

Currency settles at 280.86 against greenback

Updated 05 Nov, 2025 09:15pm

Stocks

PSX extends losses as KSE-100 loses over 1% amid global market rout

Benchmark KSE-100 settles below 160,000 level

Updated 05 Nov, 2025 06:55pm

Technology

Nvidia joins India Deep Tech Alliance as group adds new members, $850 million pledge

Qualcomm Ventures, Chirate Ventures and Kalaari Capital are among the new investors joining the India Deep Tech Alliance

Updated 05 Nov, 2025 02:00pm

Asia

Chinese Premier Li derides trade restrictions, pledges to make global trade fairer

Li was speaking at the opening of the China International Import Expo in Shanghai which runs from November 5-10

Published 05 Nov, 2025 08:33am

Forex

Safe-haven yen and dollar shine amid selloff in stocks; NZ dollar slides

The Aussie drooped 0.2% to $0.6476

Published 05 Nov, 2025 08:31am

Stocks

Stocks tumble as stretched valuation fears grip markets

MSCI's broadest index of Asia-Pacific shares outside Japan was down 2.3%

Published 05 Nov, 2025 08:26am

Energy

Oil edges up on strong U.S. fuel demand; weak economic data cap gains

Brent crude futures were up 16 cents, or 0.25%, at $64.6 a barrel

Updated 05 Nov, 2025 09:51pm

Industry

Sugar supply: PSMA blames govt policies for disruptions

LAHORE: The Pakistan Sugar Mills Association (PSMA) has alleged that it is receiving complaints from sugar mills...

Published 05 Nov, 2025 07:23am

Energy

PPL begins oil production from Attock well

KARACHI: Pakistan Petroleum Limited (PPL) has commenced oil production from its Dhok Sultan-03 well under an...

Published 05 Nov, 2025 06:58am

Business & Finance

Public Private Partnership Authority: Cheema chairs meeting to discuss framework, strategies

ISLAMABAD: Federal Minister for Economic Affairs and Establishment Division, Ahad Cheema, chaired an important...

Published 05 Nov, 2025 06:20am

Pakistan

Chinese CG shows firms’ interest in investments

LAHORE: Chinese Consul General Zhao Shiren has said that China is engaged in major infrastructure projects across...

Published 05 Nov, 2025 06:18am

Energy

Govt urged to review power tariff policy for Karachi

KARACHI: President Federal B Area Association of Trade and Industry (FBATI) Shaikh Muhammad Tehseen urged the...

Published 05 Nov, 2025 06:16am

Industry

Transforming economic landscape: Mian Zahid emphasises role of CPEC-II

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Published 05 Nov, 2025 06:10am

Business & Finance

PEC signs MoUs with 14 leading bodies

ISLAMABAD: The Pakistan Engineering Council (PEC) signed Memoranda of Understanding (MoUs) with 14 leading...

Published 05 Nov, 2025 06:06am

Companies

PQAMC announces monthly dividend for PQMIP

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company...

Published 05 Nov, 2025 06:04am

Business & Finance

PRA warns business establishments

LAHORE: The Punjab Revenue Authority (PRA) has warned that business establishments will be sealed in the event of...

Published 05 Nov, 2025 06:03am

Stocks

Forecasting stock price movements: Study finds LSTM models effective

KARACHI: A new study titled “Predictive Performance of LSTM Networks on Sectoral Stocks in an Emerging Market”...