News Archives for Business & Finance - 2025-11-07

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Business & Finance - 2025-11-07

Markets

PIA privatisation process: AKD Group included in consortium led by Arif Habib Corp.

Arif Habib Corporation is one of four pre-qualified parties participating in privatisation process of Pakistan International Airlines

Published 07 Nov, 2025 09:42pm

Industry

ECC approves Rs659.65bn govt guarantee for circular debt financing

Committee endorses frameworks for energy sector reforms

Published 07 Nov, 2025 09:03pm

Companies

Fecto Cement sells property near Islamabad Airport

Fecto Cement Limited (FECTO) has announced the completion of the sale of its investment property located near...

Published 07 Nov, 2025 04:43pm

Companies

Pakistan’s Beco Steel enters power sector supply chain with WAPDA, DISCOs projects

Beco Steel Limited has initiated supplying steel angles used in electric transmission poles and related...

Published 07 Nov, 2025 03:54pm

Companies

Mari Energies granted exploration rights for Balochistan block

The award is subject to the final execution of relevant agreements with the government

Published 07 Nov, 2025 03:50pm

Business & Finance

Karachi customs seizes smuggled Iranian diesel worth over Rs12 million

The Collectorate of Customs Enforcement, Karachi, seized over 42,200 litres of smuggled Iranian diesel worth over...

Updated 07 Nov, 2025 10:51pm

Bullion Rate

Gold price per tola remains stable in Pakistan

Reaches Rs423,062 in the local market

Published 07 Nov, 2025 12:39pm

Money & Banking

Pakistan receives $3.4bn in remittances in October 2025

During 4MFY26, remittances clock in at $12.9bn

Updated 07 Nov, 2025 04:27pm

Markets

Honda cuts annual operating profit after posting Q2 drop

Japan's second-largest automaker lowered its operating profit forecast for the year through March 2026 by 21% to 550 billion yen

Published 07 Nov, 2025 11:56am

Markets

China’s exports suffer worst downturn since Feb as tariffs hammer US demand

The October customs data on Friday underlined that point, as China's outbound shipments shrank 1.1%

Published 07 Nov, 2025 11:46am

Forex

Australia, NZ dollars whipped by global stocks retreat

The Aussie was flat at $0.6480, having slipped 0.4% overnight to as low as $0.6464

Published 07 Nov, 2025 11:40am

Stocks

Japan’s Nikkei drops 2% as tech shares track US peers lower

The broader Topix lost 0.8% to 3,286.16

Published 07 Nov, 2025 11:38am

Commodities

Palm on track for fourth straight weekly drop

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 17 ringgit

Published 07 Nov, 2025 11:36am

Markets

Bank Indonesia says to issue BI-floating rate notes on November 17

The floating rate note is a rupiah-denominated security issued by Bank Indonesia as a short-term debt instrument

Published 07 Nov, 2025 11:34am

Commodities

Iron ore set for weekly loss on soft steel demand, production cuts in China

The contract was set to end the week down 3.95%

Published 07 Nov, 2025 11:32am

Commodities

China’s copper imports drop in October as high prices curb buying

Copper imports slid to 438,000 metric tons in October from 485,000 tons a month earlier, a 9.7% drop

Published 07 Nov, 2025 11:22am

Energy

China’s October crude oil imports rise 8.2% year-on-year, up 2.3 % from September

The world’s largest crude importer brought in 48.36 million metric tons of oil in October, up 2.3% - equivalent to 11.4 million barrels per day

Published 07 Nov, 2025 11:15am

Forex

Yuan on track for weekly decline after weak trade data

Its offshore counterpart traded at 7.1259 yuan per dollar , down about 0.06% in Asian trade

Published 07 Nov, 2025 11:10am

Bullion Rate

Gold gains as dollar weakens, US rate-cut bets grow

Spot gold was up 0.4% at $3,994.03 per ounce

Published 07 Nov, 2025 11:03am

Commodities

China soybean imports hit record October high on strong South American supply

The world's top soybean buyer brought in 9.48 million metric tons in October

Published 07 Nov, 2025 11:01am

Stocks

China stocks set to post weekly gain amid global tech selloff

China's blue-chip CSI300 Index and the Shanghai Composite Index both edged down 0.2%

Published 07 Nov, 2025 10:58am

Mutual Funds

India bonds flat on caution before debt supply

New Delhi will auction 320 billion rupees ($3.61 billion) of the 6.48% 2035 bond later in the day, the second such sale

Published 07 Nov, 2025 10:50am

Forex

Indian rupee slips but state-run banks’ dollar sales cushion decline

The rupee weakened 0.1% to 88.6850

Published 07 Nov, 2025 10:41am

Markets

Singtel sells about $1.2 billion stake in India’s Bharti Airtel

More than 55 million shares of Bharti Airtel were traded through block deals, according to data from LSEG

Published 07 Nov, 2025 10:28am

Markets

OCBC Q3 profit beats, shares hit record as CEO Wong gives final briefing

Singapore and Southeast Asia's second-biggest bank by assets said July-September net profit rose to S$1.98 billion

Published 07 Nov, 2025 10:27am

Exchange

Rupee inches upward against US dollar

Currency settles at 280.82 against greenback

Updated 07 Nov, 2025 09:47pm

Stocks

Buying returns to bourse, KSE-100 gains nearly 500 points

The benchmark index settled above 160,400 level

Updated 07 Nov, 2025 06:42pm

Technology

KP takes multi-million leap rupee toward digital governance with NetSol partnership

NetSol Technologies Limited (NETSOL), a leading software house in Pakistan, has inked an agreement worth over Rs500...

Updated 07 Nov, 2025 11:55am

Stocks

India stock benchmarks may open flat as profit-taking to offset trade optimism

Gift Nifty futures were trading at 25,498.5 points

Published 07 Nov, 2025 07:51am

Stocks

Souring mood sets tech stocks on weekly drop

Japan's Nikkei fell 1.8% in morning trade to head for a weekly loss of 4.7%

Published 07 Nov, 2025 07:48am

Markets

US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports

Nvidia has provided samples of the chip to several of its Chinese customers, according to the report

Published 07 Nov, 2025 07:44am

Markets

Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

Musk, already the world’s richest person, could get as much as $1 trillion in stock over the next decade

Published 07 Nov, 2025 07:33am

Forex

Dollar falls as weak labor data weighs

NEW YORK: The US dollar declined for a second consecutive day on Thursday as data showed weakness in the US labor...

Published 07 Nov, 2025 07:31am

Forex

Dollar on defensive as data show cracks in US jobs market

The dollar index , which measures the greenback's strength against a basket of six currencies, fell 0.5% to 99.674

Published 07 Nov, 2025 07:28am

Energy

Oil heads for second weekly loss on lingering oversupply concerns

Brent crude futures rose 60 cents, or 1%, to $63.98 a barrel

Updated 07 Nov, 2025 03:20pm

Energy

Halmore arbitration: PMO directs PD, AGP to shield govt

ISLAMABAD: The Prime Minister’s Office (PMO) has directed the Power Division (PD) and the Attorney General for...

Published 07 Nov, 2025 07:16am

Business & Finance

Opening trading accounts for minors: PSX, NCCPL and CDC issue guidelines

ISLAMABAD: The Pakistan Stock Exchange (PSX), in collaboration with the National Clearing Company of Pakistan ...

Published 07 Nov, 2025 07:11am

Companies

Turkiye threatens fines against Nutella-maker for lost nut sales

ANKARA: Turkish authorities on Thursday threatened to impose fines on Italian food group Ferrero for not buying...

Published 07 Nov, 2025 07:08am

Companies

SLIC to launch pilot OPD scheme in GB

ISLAMABAD: In a major step towards enhancing access to healthcare, the State Life Insurance Corporation of Pakistan...

Updated 07 Nov, 2025 06:53am

Industry

Businessmen of Karachi urged to invest in Algeria

KARACHI: The Ambassador of the People’s Democratic Republic of Algeria, Brahim Romani has invited businessmen of...