News Archives for Business & Finance - 2025-12-01

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Business & Finance - 2025-12-01

Business & Finance

Customs seizes 17 non-custom paid trailers worth Rs340mn

The Collectorate has initiated legal proceedings under the Customs Act, 1969

Updated 01 Dec, 2025 10:53pm

Markets

Govt moves to privatise Pakistan Minerals Development Corporation

PMDC among three SOEs approved for inclusion in privatisation programme

Published 01 Dec, 2025 09:16pm

Business & Finance

Pakistan’s economic potential hinges on managing population, climate risks: Aurangzeb

Economic transformation will come not from government jobs but from freelancers, IT professionals, and young innovators leading Pakistan’s digital economy, Finance minister says

Updated 01 Dec, 2025 10:24pm

Stocks

Airbus share price falls more than 10%

The reports of the new problem came after a separate incident in which Airbus last week said some 6,000 of its A320 planes should not fly again

Published 01 Dec, 2025 07:22pm

Stocks

Gulf markets mixed on US rate cut hopes

Gulf stock markets closed mixed on Monday, as optimism rose over a potential U.S. Federal Reserve rate cut. Dovish...

Published 01 Dec, 2025 06:33pm

Commodities

China output cut talk fuels copper’s surge to record high

LONDON: Copper prices soared to new records on Monday as the market focused on plans by smelters in top producer...

Published 01 Dec, 2025 06:15pm

Forex

Bitcoin drops 5% below $90,000; bearish factors rack up

LONDON: Bitcoin fell below $90,000 on Monday, as a selloff gathered pace following the steepest monthly decline...

Published 01 Dec, 2025 06:12pm

Stocks

Sri Lanka shares decline as floods fan economic fallout fears

Benchmark CSE All Share index tumbled 3.04% to 22,022.06

Published 01 Dec, 2025 06:02pm

Commodities

Palm oil falls on weak exports, dissipating output concerns

JAKARTA: Malaysian palm oil futures fell on Monday, snapping three session of gains as concerns around Indonesian...

Published 01 Dec, 2025 05:59pm

Financial

India bonds skid to over two-month low on rupee slide, rate-cut doubts

MUMBAI: Indian government bonds slipped on Monday, with the benchmark note closing at its lowest in more than two...

Published 01 Dec, 2025 05:56pm

South Asia

India’s consumer tax cuts pull down GST revenues in November

NEW DELHI: India collected 1.70 trillion rupees ($18.98 billion) in gross goods and services taxes in November,...

Published 01 Dec, 2025 05:53pm

Markets

India’s current account deficit moderates in Sept quarter as trade gap narrows

MUMBAI: India’s current account deficit moderated in the July-to-September quarter on the back of a lower...

Published 01 Dec, 2025 05:44pm

Commodities

India weighs Mongolian coking coal imports despite transport hurdles, source says

NEW DELHI: India is assessing the viability of importing coking coal from Mongolia despite transport bottlenecks, a...

Published 01 Dec, 2025 05:02pm

Companies

India’s Mahindra posts 22% rise in November SUV sales

Indian automaker Mahindra & Mahindra said on Monday sales of its sports utility vehicles (SUV) to dealers rose...

Published 01 Dec, 2025 04:58pm

South Asia

India seeks parliament nod for net $4.62 billion in extra spending for 2025/26

NEW DELHI: India’s government sought parliament’s approval on Monday for net 414.55 billion rupees ($4.62 billion)...

Published 01 Dec, 2025 04:48pm

Financial

India’s Piramal Finance targets $1.67 billion of preferably local borrowing by March

MUMBAI: Indian non-bank lender Piramal Finance aims to raise around 150 billion rupees ($1.67 billion) in the...

Published 01 Dec, 2025 04:44pm

South Asia

India plans to overhaul ‘sin taxes’ prior to phase-out of GST cess

NEW DELHI: India unveiled two new tax bills in parliament on Monday, aiming to overhaul levies on “sin goods” such...

Published 01 Dec, 2025 04:39pm

Forex

India’s goods and services tax collections rise 0.7% y/y in November despite tax cuts

NEW DELHI: India collected 1.70 trillion rupees ($18.98 billion) in gross goods and services taxes in November,...

Published 01 Dec, 2025 04:33pm

Forex

Indian rupee hits all-time low, holds above 90/USD mark with central bank help

MUMBAI: The Indian rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions...

Published 01 Dec, 2025 04:30pm

Stocks

India share benchmarks struggle to hold on to record highs, rupee slips

India’s equity benchmarks struggled to hold on to record highs on Monday and the rupee declined to an all-time low...

Published 01 Dec, 2025 04:28pm

Financial

India’s JM Financial MF targets short-term corporate debt as rate cuts wind down

MUMBAI: India’s JM Financial Asset Management is moving into shorter maturity corporate bonds as most of the...

Published 01 Dec, 2025 04:26pm

South Asia

India’s October industrial output rises 0.4% y/y

NEW DELHI: India’s industrial output grew 0.4% year-on-year in October, slowing sharply, government data showed on...

Published 01 Dec, 2025 04:22pm

Forex

Indian central bank likely steps in to support Indian rupee as it sinks to record low

MUMBAI: The Indian central bank likely stepped in to support the struggling rupee on Monday, traders said, after the...

Published 01 Dec, 2025 04:18pm

Business & Finance

Air Link launches ZEXO Technologies with Rs200mn investment

Says subsidiary will be established with authorised investment of Rs200mn

Updated 01 Dec, 2025 10:13pm

Companies

Rising demand: Pakistan’s Lucky Cement to boost production capacity in DR Congo

Lucky Cement’s total domestic and international cement capacity will reach 23.15 MTPA

Updated 01 Dec, 2025 10:16pm

Startup Recorder

Build Up 2025: Pakistani startups share secrets behind success

Those who cannot face rejection cannot sell products, says one founder

Updated 01 Dec, 2025 04:16pm

Technology

Pakistan emerges as ‘rising star’ in fintech, says Forbes

As of late November, Pakistan’s 450 fintechs have raised $391 million in venture capital

Published 01 Dec, 2025 03:39pm

Companies

Etihad Town strengthens global footprint with UK connect events in London & Manchester

Etihad Town, Pakistan’s most trustworthy real estate brand, successfully hosted two major UK Connect Events in...

Published 01 Dec, 2025 03:22pm

Markets

Inflation in Pakistan clocks in at 6.1% in November 2025

Reading higher than the finance ministry's estimate of 5% to 6%

Updated 01 Dec, 2025 06:48pm

Business & Finance

KSA, Singapore, Germany, Japan: who should Pakistan’s freelancers and IT firms target?

Pakistani tech companies can succeed in these countries by specializing in high-demand niches - AI, fintech, healthtech, cybersecurity and digital marketing - says expert

Published 01 Dec, 2025 02:44pm

Stocks

Milk producer Ghani Dairies plans to raise Rs2.5bn via IPO

Company to use IPO proceeds for herd and operational expansion

Updated 01 Dec, 2025 03:26pm

Technology

ByteDance rolls out AI voice assistant for Chinese smartphones

The tool will compete with similar AI features introduced by Chinese smartphone makers such as Huawei and Xiaomi

Published 01 Dec, 2025 02:01pm

Business & Finance

Aurangzeb optimistic on NFC consensus

Govt convenes meeting of NFC on December 4

Updated 01 Dec, 2025 10:04pm

Financial

Gold price gains Rs2,700 per tola in Pakistan

International rate of gold reaches $4,245 per ounce

Published 01 Dec, 2025 01:32pm

Stocks

European shares slip after gains in November

The pan-European STOXX 600 dropped 0.4% to 573.88 points

Published 01 Dec, 2025 01:17pm

Companies

CCP authorises acquisition of Elite Hospitality Ventures by JS Hotel REIT

JS Hotel REIT is a newly established Shariah-compliant Hybrid REIT Scheme

Published 01 Dec, 2025 12:42pm

Markets

India orders smartphone makers to preload state-owned cyber safety app

India is one of the world’s largest telephone markets, with more than 1.2 billion subscribers, and government figures show the app

Published 01 Dec, 2025 12:30pm

Stocks

Australian shares stuck in tight range, consumer staples among top drags

The S&P/ASX 200 index was little changed at 8,611.60

Published 01 Dec, 2025 12:24pm

Mutual Funds

JGB yields hit 17-year highs, yen gains as BOJ signals December rate hike

The two-year JGB yield, the most sensitive to the BOJ's policy rate

Published 01 Dec, 2025 12:19pm

Commodities

Copper sets record high as top Chinese smelters plan to cut output

The most-active copper contract on the Shanghai Futures Exchange surged 2.08% to 89,020 yuan

Published 01 Dec, 2025 12:05pm

Commodities

Palm drops on weak Chicago soyoil, sluggish exports

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 12 ringgit, or 0.29%, to 4,102 ringgit

Published 01 Dec, 2025 12:02pm

Forex

Australia, NZ dollars lose ground to yen; central bank chiefs due to speak

Against the dollar, the Aussie was little changed at $0.6540 after ending November just where it started

Published 01 Dec, 2025 12:01pm

Forex

Yuan extends rally to 14-month peak as market expects break below 7 to the dollar

The offshore yuan traded at 7.071 yuan per dollar, up about 0.04% in Asian trade

Published 01 Dec, 2025 11:58am

Commodities

Chicago soybeans slip as traders monitor China buying; wheat, corn also down

CBOT wheat fell 0.32% to $5.36-3/4 a bushel amid abundant global supplies

Published 01 Dec, 2025 11:56am

Stocks

China, HK stocks edge higher, as Fed rate-cut optimism eclipses domestic economic weakness

In Hong Kong, the benchmark Hang Seng Index rose 0.81%

Published 01 Dec, 2025 11:51am

Markets

Chinese EV maker Zeekr launches in Germany with three models

Zeekr is focusing on premium retail customers, as well as medium-sized fleets

Published 01 Dec, 2025 11:42am

Markets

Amazon and Google launch multicloud service for faster connectivity

The new service is being unveiled a little over a month after an Amazon Web Services outage on October 20 disrupted thousands of websites worldwide

Published 01 Dec, 2025 11:39am

Business & Finance

Floods expected to cut 0.5% off Pakistan’s GDP: Aurangzeb highlights climate risks

Reaffirms Pakistan’s commitment to advancing green finance initiatives, implement national green taxonomy

Updated 01 Dec, 2025 10:00pm

Mutual Funds

India bonds fall as doubts over rate cut grows ahead of RBI meet

The benchmark 10-year yield was at 6.5594%

Published 01 Dec, 2025 11:34am

Mutual Funds

Philippines awards $427mn T-bill offer

Tenders total 85.26 billion pesos

Published 01 Dec, 2025 11:32am

Markets

Stellantis car production in France set for 11% drop by 2028, FT reports

The French-Italian-American carmaker temporarily halted production at its Poissy plant due to weak demand in Europe

Published 01 Dec, 2025 11:26am

Markets

Russian manufacturing sector faces sharper output decline in November, PMI shows

The index remained below the 50.0 threshold, indicating a contraction in the sector for the sixth consecutive month

Published 01 Dec, 2025 11:24am

Markets

HSBC taps French start-up Mistral to supercharge generative-AI rollout

HSBC, already running hundreds of AI use cases globally across fraud detection, transaction monitoring, compliance, and customer service

Published 01 Dec, 2025 11:20am

Markets

Thai central bank chief sees room to cut interest rates

The Bank of Thailand has cut the rate four times over the past year to support a sluggish economy and holds its next monetary policy meeting on December 17

Published 01 Dec, 2025 11:12am

Business & Finance

Pakistan invites Egyptian giant Elsewedy Electric to explore mining, IT investments

Elsewedy expressed satisfaction with the company’s current investment in Pakistan

Published 01 Dec, 2025 11:11am

Bullion Rate

Gold climbs to six-week high on risk-off sentiment in equities

Spot gold was down 0.1% to $4,225.91 per ounce

Published 01 Dec, 2025 11:10am

Exchange

Rupee registers marginal gain against US dollar

Currency settles at 280.51 against greenback

Updated 01 Dec, 2025 09:50pm

Stocks

Rally continues, KSE-100 settles above 168,000 level

Benchmark index gains nearly 1,400 points on Monday

Updated 01 Dec, 2025 06:34pm

Markets

Airbus narrows software crisis as airlines ride out A320 recall

But some require a longer process and Colombia's Avianca continued to halt bookings for dates until December 8

Published 01 Dec, 2025 08:37am

Stocks

India equity benchmarks to open higher as GDP data tops forecast

Gift Nifty futures were trading at 26,509.5

Published 01 Dec, 2025 08:18am

Forex

Yen rises on Ueda comments; dollar braces for crucial December

That helped the Japanese currency extend gains, climbing 0.4% to a session high of 155.49 per dollar

Published 01 Dec, 2025 08:16am

Forex

Massive economic growth beat hands struggling Indian rupee a rare lift

The 1-month non-deliverable forward indicated the rupee will open in the 89.32-89.36 range versus the US dollar, having settled at 89.4575 on Friday

Published 01 Dec, 2025 08:13am

Stocks

Asian stocks steady on Fed rate-cut optimism; yen firms

In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was steady at 703.19

Published 01 Dec, 2025 08:11am

Energy

Oil climbs over $1 a barrel on OPEC action, Ukraine attack

Brent crude futures advanced $1, or 1.6%, to $63.38 a barrel

Updated 01 Dec, 2025 09:11pm

Pakistan

APO’s global moot on GP 2.0 concludes at LUMS

LAHORE: The Asian Productivity Organization’s international conference on Green Productivity 2.0 (GP 2.0), jointly...

Published 01 Dec, 2025 07:19am

Industry

Former FPCCI president says inflation surge threatens recovery

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP), expressing...

Published 01 Dec, 2025 07:16am

Cotton & Textile

Weekly Cotton Review: Business volumes low amid Rs100/maund rate surge

KARACHI: There is a tendency towards an increase in the prices of quality cotton. Business volume remains limited....

Published 01 Dec, 2025 07:09am

Commodities

Prices of essential items in Peshawar show mixed trend

PESHAWAR: Mixed trend in prices of important kitchen items like vegetables, flour, sugar, pulses, live chicken/meat...

Published 01 Dec, 2025 07:07am

Companies

Corn value-chain: FFC signs MoU with Corteva Agriscience

KARACHI: FFC and Corteva Agriscience have signed an MoU to strengthen and modernise Pakistan’s corn value chain....

Published 01 Dec, 2025 07:03am

Business & Finance

China’s factory activity extends months-long slump

BEIJING: China’s factory activity shrank for an eighth straight month in November, official data showed Sunday,...

Published 01 Dec, 2025 07:00am

World

Swiss voters reject proposed tax on super rich

ZURICH: Switzerland on Sunday overwhelmingly rejected a proposed 50 percent tax on inherited fortunes of 50 million...