News Archives for Business & Finance - 2025-11-26

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Business & Finance - 2025-11-26

Forex

IMF reclassifies India’s FX regime as ‘crawl-like’ from ‘stabilised’

The rupee has declined about 4% over the year

Published 26 Nov, 2025 11:11pm

Business & Finance

Pakistan Customs seizes Rs158 million worth of smuggled goods at Sost Dry Port

Recover 59,000 units of Nokia 105 mobile phones with batteries, 5,200 pieces of medicine weighing 318 kilograms, 3,000 Sildenafil Citrate tablets, and assorted weapon parts

Updated 26 Nov, 2025 11:00pm

Companies

‘Positive updates’ shared on Reko Diq financial close, says Petroleum ministry

Pakistan has expanded its international push to attract investment in its minerals and mining sectors, with recent engagements with US, France, and Germany

Published 26 Nov, 2025 09:20pm

Energy

Russian oil cargo discharge at Indian port delayed due to insurance scrutiny, sources say

NEW DELHI: A Western-sanctioned vessel with Russian oil destined for Indian Oil Corp has had discharge of the cargo...

Published 26 Nov, 2025 06:40pm

Stocks

Most Gulf markets retreat on weak oil prices

Most stock markets in the Gulf ended lower on Wednesday, as easing oil prices weighed on sentiment, though losses...

Published 26 Nov, 2025 06:37pm

Middle East

Abu Dhabi’s GSU to launch $1 billion energy projects in Yemen

The United Arab Emirates on Wednesday announced it will launch energy projects worth $1 billion in Yemen to support...

Published 26 Nov, 2025 06:20pm

Companies

Beko reaffirms its confidence in Pakistan’s home-appliances sector

Senior executives from Koç Holding and Beko visited Pakistan to drive industrial growth, accelerate localization and innovation, and strengthen the long-term development of Dawlance in the country’s home-appliance sector.

Updated 26 Nov, 2025 06:03pm

South Asia

India approves $816mn rare earth permanent magnets manufacturing programme

NEW DELHI: India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing...

Published 26 Nov, 2025 05:22pm

Commodities

Copper breaks above $11,000 on increased likelihood of US rate cut

LONDON: Copper prices rose to their highest in almost a month on Wednesday on growing expectations that the U.S....

Published 26 Nov, 2025 05:14pm

Stocks

Sri Lanka shares end muted after central bank holds rates as expected

CSE All Share index settled at 22,844.23, up 0.1%

Published 26 Nov, 2025 05:09pm

Companies

Allianz to cut up to 1,800 jobs due to AI advances, says source

MUNICH: German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in...

Published 26 Nov, 2025 05:06pm

Stocks

Rate cuts, tax breaks could lift India’s Nifty 50 to 30,000 by end-2026, J.P. Morgan says

India’s benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current...

Published 26 Nov, 2025 05:02pm

Financial

India’s benchmark bond scales two-week high on rate-cut wagers

MUMBAI: India’s benchmark government bond hit a two-week high on Wednesday on growing conviction that the central...

Published 26 Nov, 2025 04:59pm

South Asia

India’s power regulator mulls auctioning unused grid slots as renewable projects stall

NEW DELHI: India’s power regulator is considering auctioning transmission connectivity that has been lying idle...

Published 26 Nov, 2025 04:50pm

Commodities

Palm snaps four-day losing streak on Chicago soyoil strength

JAKARTA: Malaysian palm oil futures recovered on Wednesday after four straight sessions of losses, with stronger...

Published 26 Nov, 2025 04:45pm

South Asia

Dangote signs contract with EIL to double refining capacity

MUMBAI: Nigeria’s Dangote has signed a contract with Engineers India Ltd to help double its refining capacity to 1.4...

Published 26 Nov, 2025 04:33pm

South Asia

France’s Safran expects annual India revenue to triple to more than $3.4 billion by 2030

NEW DELHI: French aerospace group Safran said on Wednesday it expects annual revenue from India, the world’s fastest...

Published 26 Nov, 2025 04:27pm

South Asia

India’s clean energy ministry urges power regulator to defer stricter green power rules

NEW DELHI: India’s renewable energy ministry has urged the power regulator to delay plans for stricter rules...

Published 26 Nov, 2025 04:24pm

Forex

Indian rupee dips on outflows; state-run banks’ dollar sales cushion fall

MUMBAI: The Indian rupee closed marginally weaker on Wednesday, troubled by portfolio outflows and routine hedging...

Published 26 Nov, 2025 04:22pm

Stocks

India’s stock benchmarks ascend towards new peaks on Fed, RBI rate cut optimism

Indian equities climbed on Wednesday in a broad rally, buoyed by growing conviction in a December U.S. rate cut and...

Published 26 Nov, 2025 04:18pm

Business & Finance

Reliance Industries, JV partners to invest $11 billion in India AI data capacity

A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data...

Published 26 Nov, 2025 04:14pm

Markets

Pakistan needs strong fiscal, external buffers to withstand global shocks, says Aurangzeb

Country has achieved macroeconomic stability, says finance minister
Projects growth of around 4% over next two to three years

Updated 26 Nov, 2025 06:58pm

Money & Banking

Global competitiveness key to breaking Pakistan’s boom-bust cycle, says SBP chief

Inflation has fallen in line with our forecast, says Ahmad

Published 26 Nov, 2025 03:31pm

Commodities

$8bn–$12bn of Pakistan’s gold trade hides in the shadows: CCP

Says over 90% of gold trade takes place in informal, undocumented market

Updated 26 Nov, 2025 06:59pm

Energy

Altern Energy moves to end key agreements with GoP, CPPA-G

AEL will be foregoing Rs40 million claim under RLNG differential pricing

Published 26 Nov, 2025 01:51pm

Business & Finance

Smartphone manufacturing boom positions Pakistan for export-driven growth

Rising share of local production reflects the expansion of manufacturing capacity and investment in the local market, says one expert

Updated 26 Nov, 2025 02:34pm

Stocks

European shares climb on Fed rate-cut hopes, Ukraine peace progress; UK budget awaited

The pan-European STOXX 600 rose 0.4% to 570.25 points

Published 26 Nov, 2025 01:44pm

Markets

Tesla expects Indian buyers of Model Y to recoup one-third of price in 4-5 years

India has 100% import tariffs on cars, which the firm’s chief Elon Musk has called among the steepest in the world

Published 26 Nov, 2025 01:43pm

Financial

Gold price gains Rs2,300 per tola in Pakistan

Price of silver jumps by Rs60 to reach Rs5,482 per tola

Published 26 Nov, 2025 01:40pm

Technology

Italy competition watchdog broadens probe into Meta over AI tools in WhatsApp

The Authority has also opened a procedure for the possible adoption of interim measures with respect to the new WhatsApp Business Solution Terms

Published 26 Nov, 2025 01:00pm

Forex

China’s yuan climbs to 13-month high, lifted by Fed cut bets and year-end demand

The onshore yuan rose to 7.0815 per dollar

Published 26 Nov, 2025 12:06pm

Stocks

China, Hong Kong stocks gain on Wall Street rally, Alibaba’s big AI ambition

China's blue-chip CSI300 Index climbed 0.8% by the lunch break

Published 26 Nov, 2025 12:01pm

Mutual Funds

Japanese government bonds edge lower ahead of 40-year debt auction

The 20-year yield rose 0.5 bp to 2.825%

Published 26 Nov, 2025 11:59am

Mutual Funds

Indian bonds hold firm on rate-cut hopes

The benchmark 10-year yield was at 6.4937%

Published 26 Nov, 2025 11:57am

Forex

Kiwi dollar soars as RBNZ signals it is done easing, Aussie climbs on inflation risk

The kiwi dollar jumped 1.2% to $0.5690, but sellers emerged around $0.5691

Published 26 Nov, 2025 11:56am

Markets

FAA probes Amazon after delivery drone snaps internet cable in Texas, CNBC reports

The e-commerce major confirmed the incident to CNBC, saying that after clipping the internet cable

Published 26 Nov, 2025 11:54am

Stocks

Japan’s Nikkei rises 2% after Wall Street’s gains, tech leads charge

The Nikkei was up 2.1% at 49,672.63

Published 26 Nov, 2025 11:42am

Stocks

Australian shares rise ahead of inflation data; NZ cenbank decision in focus

The S&P/ASX 200 index climbed 1% to 8,620.50

Published 26 Nov, 2025 11:40am

Markets

UK’s Reeves to test faith of investors and party with tax-heavy budget

Economists expect between 20-30 billion pounds of tax hikes when she addresses parliament at about 1230 GMT

Published 26 Nov, 2025 11:30am

Stocks

Buying returns, KSE-100 gains nearly 1,500 points

Benchmark index settles at 163,188.53

Updated 26 Nov, 2025 06:24pm

Exchange

Rupee registers marginal gain against US dollar

Currency settles at 280.56 against greenback

Updated 26 Nov, 2025 06:46pm

Companies

ICI Pakistan, now LCI, rejects claims of exiting pharma manufacturing

Pharmaceutical business continues to grow, says the company

Published 26 Nov, 2025 10:15am

Money & Banking

ADB approves $48mn financing for water resources development in Balochistan

Funding comes as Pakistan’s largest province by area faces severe water scarcity

Updated 26 Nov, 2025 02:43pm

Markets

Sri Lanka central bank holds interest rate steady ahead of budget, IMF review

The Central Bank of Sri Lanka (CBSL) held the overnight policy rate at 7.75%

Published 26 Nov, 2025 08:45am

Bullion Rate

Gold climbs to near two-week high on reinforced US rate cut bets

Spot gold rose 0.8% to $4,161.10 per ounce

Published 26 Nov, 2025 08:42am

Markets

South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses

Ten petrochemical firms agreed on the goal at the time and were asked to come up with their own plans

Published 26 Nov, 2025 08:40am

Forex

Yen rises on rate-hike prospect; kiwi jumps after RBNZ decision

The yen reversed losses from earlier in the session on the back of the news, leaving the dollar trading below the 156 yen level. The dollar fell 0.2% to 155.75 yen

Published 26 Nov, 2025 08:32am

Stocks

India’s stock benchmarks set to open higher on Fed rate cut hopes

Gift Nifty futures were trading at 26,165

Published 26 Nov, 2025 08:29am

Stocks

Asia stocks rise as weak US data boosts Fed rate-cut bets

MSCI's broadest index of Asia-Pacific shares outside Japan was up 1%, after US stocks ended the previous session with mild gains

Published 26 Nov, 2025 08:25am

Forex

Indian rupee unlikely to ride dollar dip spurred by mounting Fed rate cut conviction

The 1-month non-deliverable forward indicated the rupee will open flat-to-slightly higher versus the US dollar.

Published 26 Nov, 2025 08:22am

Energy

Oil holds steady after one-month low on high supply expectations

Brent crude futures lost 13 cents to $62.35 a barrel

Updated 26 Nov, 2025 06:42pm

Companies

PC Hospitality enters strategic partnership with Shiji Group

DUBAI: PC Hospitality announced a new strategic partnership with Shiji Group, a global provider of hospitality...

Published 26 Nov, 2025 07:41am

Taxes

KTBA urges FBR to appoint Commissioner IR Appeals-V

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to urgently appoint a...

Published 26 Nov, 2025 07:36am

Business & Finance

Rate of unemployment rises in country

ISLAMABAD: In a troubling sign for the nation’s growing economic instability, Pakistan’s unemployment crisis has...

Published 26 Nov, 2025 07:35am

Technology

Manufacturing industry worldwide: Kaspersky reveals USD18bn losses from ransomware attacks

ISLAMABAD: A leading cybersecurity company has made an astonishing disclosure that ransomware attacks on...

Published 26 Nov, 2025 07:31am

Industry

3rd edition of ‘FoodAg Pakistan 2025’ begins

KARACHI: The 3rd Edition of FoodAg Pakistan 2025 began on Tuesday with an exceptional response from exhibitors,...

Published 26 Nov, 2025 07:26am

Industry

FoodAg-Pakistan 2025: Jam Kamal praises progress of Pak cos

KARACHI: Federal Minister for Commerce Jam Kamal Khan Alyani on Tuesday expressed his satisfaction over the progress...

Published 26 Nov, 2025 06:42am

Business & Finance

Minister highlights strides in digital transformation

ISLAMABAD: Federal Minister for IT & Telecom Shaza Fatima Khawaja on Tuesday highlighted Pakistan’s growing...

Published 26 Nov, 2025 06:35am

Business & Finance

PIBC holds meeting with Indonesian CG

KARACHI: The Pakistan–Indonesia Business Council (PIBC) of FPCCI hosted an important meeting with Mudzakir M A, ...

Published 26 Nov, 2025 06:35am

Taxes

Provincial ST levy: Sale of developed plots not a taxable service: PRA AT

ISLAMABAD: The Appellate Tribunal of the Punjab Revenue Authority (PRA), Lahore has held that sale of developed ...

Updated 26 Nov, 2025 07:09am

Companies

Mahan Air likely to start three weekly flights: Bangladesh’s HC

LAHORE: Bangladesh’s High Commissioner Iqbal Hussain Khan announced that Mahan Air is likely to start three weekly...

Published 26 Nov, 2025 06:16am

USA

US posts USD284bn Oct budget deficit

WASHINGTON: The US government posted a higher USD284 billion deficit for October in a report delayed and impacted by...

Published 26 Nov, 2025 06:16am

Taxes

Extension in return filing: FTO for disposal of all pending applications in 3 days

ISLAMABAD: Federal Tax Ombudsman (FTO) has strictly directed Federal Board of Revenue (FBR) Member-Inland Revenue...

Published 26 Nov, 2025 06:16am

Business & Finance

FPCCI for tapping true potential of Pak-Oman economic ties

KARACHI: Atif Ikram Sheikh, President FPCCI, has said that the Federation of Pakistan Chambers of Commerce &...

Updated 26 Nov, 2025 07:42am

Business & Finance

Import of used cars: Continued policy of encouraging may destabilise automotive sector

ISLAMABAD: Pakistan’s auto manufacturing industry — a sector that contributes 2 percent to the national GDP,...

Published 26 Nov, 2025 06:16am

Business & Finance

‘MSME Clusters’ fair in Jan: Smeda board outlines initiatives to support SMEs

ISLAMABAD: The Board of the Small and Medium Enterprises Development Authority (Smeda) on Tuesday announced that...

Updated 26 Nov, 2025 06:53am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 172,729 tonnes of cargo comprising 94,450 tonnes of import cargo and 78,279...

Published 26 Nov, 2025 06:16am

Industry

Import of used vehicles: PAAPAM disappointed by govt’s inaction

LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has expressed deep...

Published 26 Nov, 2025 06:16am

Industry

APBUMA lauds EDS abolishment

FAISALABAD: Imran Mehmood, Central Chairman of the All Pakistan Bedsheets & Upholstery Manufacturers Association...

Published 26 Nov, 2025 06:16am

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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