News Archives for Business & Finance - 2025-11-24

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Business & Finance - 2025-11-24

Money & Banking

Mashreq Bank introduces ‘first-ever’ profit on current accounts in Pakistan

Bank says it will offer up to 5% profit per annum on current accounts

Published 24 Nov, 2025 10:35pm

Stocks

S&P 500, Nasdaq gain as traders bet on December Fed rate cut

The S&P 500 and the Nasdaq rose on Monday, led by mega-cap stocks, as growing bets on a Federal Reserve rate cut...

Published 24 Nov, 2025 08:27pm

Money & Banking

India’s fiscal, monetary measures to boost investment and growth, RBI report says

MUMBAI: The Indian government’s domestic tax reductions and the Reserve Bank of India’s interest rate cuts this year...

Published 24 Nov, 2025 08:07pm

Stocks

Gulf markets mixed on softer oil prices, Fed rate cut bets

Stock markets in the Gulf ended mixed on Monday, weighed down by weaker oil prices, while investors awaited further...

Published 24 Nov, 2025 07:37pm

Money & Banking

India central bank net sold $7.9 billion in September to halt rupee’s slide, bulletin shows

MUMBAI: The Indian central bank sold a net of $7.91 billion in the foreign exchange market in September, data...

Published 24 Nov, 2025 07:31pm

South Asia

India’s BEL, France’s Safran to produce air-to-ground weapons in India

NEW DELHI: India’s Bharat Electronics Limited and France’s Safran Electronics and Defence have signed an agreement...

Published 24 Nov, 2025 07:20pm

Companies

India’s Fractal Analytics gets SEBI nod for country’s first AI-focused IPO

The Securities and Exchange Board of India has approved Fractal Analytics’ draft initial public offering papers,...

Published 24 Nov, 2025 07:14pm

Companies

Telefonica proposes laying off more than 5,000 workers in Spain, union says

MADRID: Telefonica has proposed laying off 5,040 people in Spain as part of cost-cutting efforts envisaged in its...

Published 24 Nov, 2025 07:07pm

Markets

Pakistan proposes formal maritime cooperation framework to Bangladesh

Proposal envisions comprehensive partnership encompassing joint container, bulk shipping services, Maritime ministry says

Updated 24 Nov, 2025 07:54pm

Money & Banking

RBI chief says room for more interest rate cuts in India, timing up to panel

MUMBAI: Reserve Bank of India Governor Sanjay Malhotra said in an interview with Zee Business on Monday that there...

Published 24 Nov, 2025 05:15pm

Stocks

Sri Lanka shares post worst day in five months

CSE All Share index lost 1.47% to 22,644.88

Published 24 Nov, 2025 05:12pm

Commodities

India’s sugar export quota at risk as mills avoid low-priced global market

MUMBAI: Indian sugar mills are struggling to secure export deals as global prices remain below domestic rates,...

Published 24 Nov, 2025 05:08pm

Financial

India bonds gain as RBI support for rupee, dovish remarks calm jittery investors

MUMBAI: Indian government bonds ended higher on Monday, recovering from the previous session’s losses, as it tracked...

Published 24 Nov, 2025 04:44pm

Commodities

Palm falls for a third session on currency strengthening, weak demand

JAKARTA: Malaysian palm oil futures fell for three consecutive sessions on Monday, ending at a 21-week closing low...

Published 24 Nov, 2025 04:41pm

Money & Banking

Indian banks, state firms plan $3.5bn of bond sales before GDP, RBI policy, bankers say

MUMBAI: Indian lenders and state-run firms are racing to raise up to $3.5 billion through bonds ahead of India’s GDP...

Published 24 Nov, 2025 04:25pm

Energy

India’s MRPL buys UAE Murban crude for January as Russian replacement

SINGAPORE/NEW DELHI: India’s Mangalore Refinery and Petrochemicals Ltd has bought 2 million barrels of Abu Dhabi...

Published 24 Nov, 2025 04:14pm

Markets

India’s solar panel exports slump in September as US tariffs bite

NEW DELHI: India’s solar module exports fell sharply in September to their lowest this year after U.S. trade...

Published 24 Nov, 2025 04:09pm

Companies

India’s finished steel imports in April-October down 34%, govt data shows

NEW DELHI: India’s finished steel imports during the first seven months of the financial year were down 34.1%...

Published 24 Nov, 2025 04:02pm

Forex

Central bank intervention hoists Indian rupee but bearish undercurrent persists

MUMBAI: The Indian rupee posted its biggest one-day gain in a month on Monday as central bank intervention helped it...

Published 24 Nov, 2025 03:56pm

Stocks

Indian benchmark shares decline on profit-taking; IT gains cap losses

India’s benchmark stock indexes fell on Monday on broad-based profit booking, while an uptick in information...

Published 24 Nov, 2025 03:52pm

Energy

Pakistan textile firm invests $4.15mn in new 7.5MW wind turbine for sustainable energy push

Companies in Pakistan are increasingly turning to renewable energy

Published 24 Nov, 2025 03:44pm

Technology

German software giant SAP betting big on Pakistan’s tech talent and IT sector

Believes many startups, scale-ups, and IT exporters in Pakistan are building digital-first business models and need the right digital backbone

Published 24 Nov, 2025 03:24pm

Commodities

Pakistan state agency issues tender to buy 100,000 metric tons rice for supply to Bangladesh, traders say

The rice must be available for shipment within 45 days calendar days after the contract award

Published 24 Nov, 2025 03:22pm

Business & Finance

State-owned enterprises: Cabinet committee approves key board-level appointments

Committee considered summaries from various ministries

Updated 24 Nov, 2025 04:23pm

Companies

PECO appoints Abdul Shabbir Khan Khattak as Managing Director

Pakistan Engineering Company Ltd. (PECO) has appointed Abdul Shabbir Khan Khattak as its new Managing Director (MD),...

Published 24 Nov, 2025 02:33pm

Stocks

European shares recover as US rate-cut hopes lift sentiment; Ukraine talks in focus

The pan-European STOXX 600 gained 0.6% to 565.27 points

Published 24 Nov, 2025 02:22pm

Business & Finance

Govt to abolish Export Development Surcharge

PM orders third-party audit of Export Development Fund

Published 24 Nov, 2025 01:48pm

Commodities

Bangladesh issues another tender to buy 50,000 metric tons of rice, traders say

The deadline for submission of price offers is December 9

Published 24 Nov, 2025 01:32pm

Financial

Gold price per tola remains stable in Pakistan

10-gram gold sold at rate of Rs367,680

Published 24 Nov, 2025 01:14pm

Stocks

Australian shares recover as Fed December rate-cut bets lift sentiment

The S&P/ASX 200 index closed up 1.3% at 8,525.10, marking its strongest session since July 18

Published 24 Nov, 2025 12:44pm

Energy

Pakistan says rooftop solar output to exceed grid demand in some hubs next year

Power cuts and tariff hikes have pushed Pakistan to accelerate solar adoption

Updated 24 Nov, 2025 05:58pm

Forex

Australia, NZ dollars steady above multi-month lows, RBNZ looms

The kiwi was flat at $0.5607, after edging up 0.5% on Friday, rising from a seven-month low of $0.5581

Published 24 Nov, 2025 12:12pm

Commodities

Soybeans sit below 17-month highs as traders mull Chinese demand

Wheat futures slipped for a fourth straight session amid abundant supply

Published 24 Nov, 2025 12:09pm

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.29% lower at 32.48 versus the dollar

Published 24 Nov, 2025 12:03pm

Commodities

Copper rises on US rate-cut bets; speculative interest fades

Copper contract on Shanghai Futures Exchange was up 0.36% at 86,310 yuan ($12,144.36) per metric ton

Published 24 Nov, 2025 11:48am

Mutual Funds

India bonds edge higher as RBI tames dollar bulls a day after giving them free rein

The benchmark 10-year yield was at 6.5636% as on 10:00 a.m. IST, after closing at 6.5665% on Friday

Published 24 Nov, 2025 11:45am

Forex

China’s yuan briefly hits 1-week high as market eyes key meetings

The onshore yuan rose to a high of 7.1042 per dollar, the strongest since November 17, before last changing hands at 7.1078

Published 24 Nov, 2025 11:43am

Stocks

Indian benchmark shares inch higher, led by IT on rising odds of US rate cut

The Nifty 50 rose 0.19% to 26,118.05 and the BSE Sensex was up 0.15% at 85,360.3

Published 24 Nov, 2025 11:41am

Stocks

Chip-related stocks lead Shanghai Composite to six-week low

China's blue-chip CSI300 index was down 0.6%

Published 24 Nov, 2025 11:35am

Commodities

Palm inches higher on bargain-buying, production concerns

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.34%, to 4,083 ringgit

Published 24 Nov, 2025 11:25am

Bullion Rate

Gold dips as dollar firms, investors weigh US rate outlook

Spot gold was down 0.4% at $4,045.58 per ounce

Published 24 Nov, 2025 11:23am

Markets

EU to urge US to apply more of the July trade deal, including cutting steel tariffs

Under the end-July deal, the United States set 15% tariffs on most EU goods

Published 24 Nov, 2025 11:12am

Currency

Rupee inches upward against US dollar

Currency settles at 280.61 against US dollar

Updated 24 Nov, 2025 08:24pm

Stocks

KSE-100 closes marginally lower after volatile trading

Benchmark index settles at 161,984.08

Updated 24 Nov, 2025 06:32pm

Forex

Indian rupee likely to feel after-effects of breakdown, Asia peers compound pressure

The 1-month non-deliverable forward indicated the rupee will weaken past 89.50 versus the US dollar, after sliding 0.9% on Friday to 89.48

Published 24 Nov, 2025 08:28am

Stocks

Stocks rise as traders push up bets of December Fed cut

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% and South Korea’s tech-heavy Kospi index was up 0.7%

Published 24 Nov, 2025 08:07am

Forex

Dollar steady, Thanksgiving looms as yen test

A holiday in Tokyo lightened trade in Asia and left the yen drifting lower at 156.71 per dollar in the early morning

Published 24 Nov, 2025 08:02am

Energy

Oil steady as investors weigh hopes for Ukraine peace talks, Fed rate cut

Brent crude futures declined 20 cents, or 0.3%, to $62.36 per barrel

Updated 24 Nov, 2025 04:48pm

Pakistan

Widespread corruption harming economy: PDP

KARACHI: Widespread and deep-rooted corruption in Pakistan, as recently reported by the International Monetary Fund...

Published 24 Nov, 2025 07:44am

Industry

Concern voiced over fee collection dispute between HSATI, HMC

HYDERABAD: Chairman of the Hyderabad SITE Association of Trade & Industry (HSATI) Zubair Ghangra has expressed...

Published 24 Nov, 2025 06:05am

Cotton & Textile

Weekly Cotton Review: Market sees mixed price trend amid subdued business activity

KARACHI: The cotton market experienced mixed price trends while business activities remained limited. The spot rate...

Published 24 Nov, 2025 06:04am

Commodities

Prices of essential food items remain steady

PESHAWAR: Prices of essential food commodities remained steady in the retail market. A weekly market-survey ...

Published 24 Nov, 2025 05:37am

Money & Banking

SCCI, Al-Baraka Bank ink MoU

PESHAWAR: Sarhad Chamber of Commerce and Industry, and Al-Baraka Bank have entered into collaboration to strengthen...

Published 24 Nov, 2025 05:27am

Agriculture and Allied

Rawalpindi farmers: High-power green tractors distributed

RAWALPINDI: The Agriculture Department (Extension) Rawalpindi, distributed high-power green tractors to farmers in a...

Published 24 Nov, 2025 05:21am

Industry

RCCI welcomes restoration of SRO 760

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has welcomed the reinstatement of Statutory...

Published 24 Nov, 2025 05:08am

Industry

Labour leaders vow to defeat bids to divide on racial and linguistic lines

KARACHI: Workers will defeat the conspiracy to divide them on the basis of race and language, as well as the...

Published 24 Nov, 2025 04:59am

Business & Finance

LSE projects 2.4pc GDP growth for FY2025-26

LAHORE: The Modeling Lab at the Lahore School of Economics has released its annual GDP growth estimates for...

Published 24 Nov, 2025 04:59am

Business & Finance

IMF graft report alarming, says FPCCI’s BMP

LAHORE: Chairman of the FPCCI’s Businessmen Panel (BMP), Mian Anjum Nisar, has reacted strongly to the IMF’s...

Published 24 Nov, 2025 04:59am

Business & Finance

Industrial consumers of electricity: KATI seeks comparative data to assess impact

ISLAMABAD: The Korangi Association of Trade and Industry (KATI) has sought comparative data on Fuel Charges...

Published 24 Nov, 2025 04:59am

Industry

‘FCCI is ready to play role in arresting impacts of climate change’

FAISALABAD: Climate change is no more a buzzword as Pakistan has recently experienced its worst manifestation and...

Published 24 Nov, 2025 04:59am

Pakistan

Climate-vulnerable developing countries: Pakistan urges world to ensure grant-based, predictable financing

ISLAMABAD: Pakistan has urged the international community to ensure rapid, grant-based and predictable financing for...

Updated 24 Nov, 2025 07:57am

Pakistan

CBD Punjab launches historic USD1.8bn JV initiative

LAHORE: The Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District...

Published 24 Nov, 2025 04:59am

Taxes

Beauty clinics: PRA intensifies crackdown on tax evasion

LAHORE: Beauty clinics in Punjab, particularly in major cities like Lahore and Karachi, have been generating crores...

Published 24 Nov, 2025 04:59am

Taxes

Traders decry ‘cumbersome’ tax procedures

PESHAWAR: Members of the business community have urged the government and Federal Board of Revenue to widen tax...

Published 24 Nov, 2025 04:59am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 31	278
USD PKR Interbank Buying / Jul 31	277.80
USD to Japanese Yen / Jul 31	157.40
USD to Swiss Franc / Jul 31	0.81
Pound Sterling to USD / Jul 31	1.35
Euro to USD / Jul 31	1.15
SOFR % / Jul 31	3.64

Stock	Volume
S&P 500 / Jul 31	7,489.72
India Sensex / Jul 31	78,094.64
Tokyo Nikkei / Jul 31	64,362.02
Nasdaq / Jul 31	25,373.85
Hang Seng / Jul 31	25,884.43
FTSE 100 / Jul 31	10,868.05
Dow Jones / Jul 31	52,485.03
Germany DAX 30 / Jul 31	25,629.24
France CAC40 / Jul 31	8,509.64

Item	Value
Crude Oil USD/Barrel / Jul 31	84.67
Karachi Cotton PKR/37.32 KG / Jul 31	18,480
Gold 10 Grams PKR / Jul 31	369,029
Gold Spot USD/Ounce / Jul 31	4,046.15
Cotton US¢/pound / Jul 31	81.79
Petrol/Litre / Aug 3	336.03
Diesel/Litre / Aug 3	392.38

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	7.92 ▲ 1 (14.45%)
First AL-Noor Mod. / Jul 31 First Al-Noor Modaraba(FANM)	9.08 ▲ 1 (12.38%)
Cres.Star Ins. / Jul 31 Crescent Star Insurance Limited(CSIL)	6.04 ▲ 0.62 (11.44%)
Premier Insurance / Jul 31 Premier Insurance Limited(PINL)	13.41 ▲ 1.22 (10.01%)
Asim Textile / Jul 31 Asim Textile Mills Limited(ASTM)	38.38 ▲ 3.49 (10%)
Trust Mod. / Jul 31 Trust Modaraba(TRSM)	24.19 ▲ 2.2 (10%)
The Thal Ind.Corp. / Jul 31 The Thal Industries Corporation Limited(TICL)	1,151.46 ▲ 104.68 (10%)
Shahtaj Sugar / Jul 31 Shahtaj Sugar Mills Limited(SHJS)	191.79 ▲ 17.44 (10%)
J.A.Textile / Jul 31 J.A. Textile Mills Limited(JATM)	38.75 ▲ 3.52 (9.99%)
Aisha Steel(ConPS) / Jul 31 Aisha Steel(ConPS)(ASLPS)	38.96 ▲ 3.54 (9.99%)

Stock	Price
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	20.40 ▼ -2.27 (-10.01%)
Olympia Mills / Jul 31 Olympia Mills Limited(OML)	148.54 ▼ -15.74 (-9.58%)
Imperial Limited / Jul 31 Imperial Limited(IML)	21.16 ▼ -1.82 (-7.92%)
Kohinoor Power / Jul 31 Kohinoor Power Company Limited(KOHP)	25.84 ▼ -2.2 (-7.85%)
Gulistan Sp. / Jul 31 Gulistan Spinning Mills Limited(GUSM)	9.56 ▼ -0.74 (-7.18%)
786 Invest Ltd / Jul 31 786 Investments Limited(786)	24.04 ▼ -1.82 (-7.04%)
Asia Ins. / Jul 31 Asia Insurance Company Limited(ASIC)	41.12 ▼ -2.88 (-6.55%)
Shaheen Ins. / Jul 31 Shaheen Insurance Company Limited(SHNI)	8.76 ▼ -0.57 (-6.11%)
Zahid Jee Textile / Jul 31 Zahidjee Textile Mills Limited(ZAHID)	77.70 ▼ -4.87 (-5.9%)
Bhanero Textile / Jul 31 Bhanero Textile Mills Limited(BHAT)	830.44 ▼ -48.56 (-5.52%)

Stock	Volume
Trust Sec.& Brok. / Jul 31 Trust Securities & Brokerage Limited(TSBL)	178,796,682 ▲ 0.04
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	81,740,502 ▼ -2.27
Cnergyico PK / Jul 31 Cnergyico PK Limited(CNERGY)	50,456,921 ▲ 0.13
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	48,675,508 ▲ 1
TPL Properties / Jul 31 TPL Properties Limited(TPLP)	32,842,886 ▲ 0.64
F. Nat.Equities / Jul 31 First National Equities Limited(FNEL)	31,454,195 ▲ 0.02
WorldCall Telecom / Jul 31 Worldcall Telecom Limited(WTL)	28,353,328 ▲ 0
TPL Corp Ltd / Jul 31 TPL Corp Limited(TPL)	27,658,286 ▲ 1.15
Oilboy Energy / Jul 31 Oilboy Energy Limited(OBOY)	22,266,613 ▲ 0.66
Pak Refinery / Jul 31 Pakistan Refinery Limited(PRL)	21,805,902 ▲ 3.51

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