News Archives for Business & Finance - 2025-12-02

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Business & Finance - 2025-12-02

Money & Banking

Pakistan govt withdraws development surcharge on exports

State Bank of Pakistan issues notification to scrap 0.25% surcharge on exports

Published 02 Dec, 2025 11:15pm

Industry

Mining sector: Turkiye eyes ‘long-term, mutually beneficial’ partnerships with Pakistan

Ministerial delegation from Pakistan to visit Turkiye soon to explore cooperation between two countries in energy, power sectors

Published 02 Dec, 2025 09:00pm

Business & Finance

Customs seizes narcotics worth Rs264m in Turbat

The narcotics were found packed in 88 plastic packets hidden inside a Non-Custom-Paid Toyota Axio

Published 02 Dec, 2025 08:24pm

Money & Banking

Building secure, cost‑effective digital payments ecosystem ‘a top priority’: SBP governor

Co-badging gaining momentum in Pakistan’s digital payments space, Jameel Ahmad says

Published 02 Dec, 2025 07:56pm

Commodities

India’s November palm oil imports rise as soyoil, sunflower oil buying drops

MUMBAI: India’s palm oil imports rose slightly in November as lower prices prompted refiners to increase purchases...

Published 02 Dec, 2025 06:47pm

Stocks

Gulf markets subdued on weak oil prices

Most Gulf stock markets remained subdued on Tuesday, weighed down by lower oil prices, as investors awaited key U.S....

Published 02 Dec, 2025 06:44pm

Stocks

Sri Lanka stocks rebound amid progress in post-cyclone restoration

CSE All Share index closed 1% higher at 22,241.57

Published 02 Dec, 2025 06:33pm

Financial

India bonds rally on short-covering, suspected RBI buying

MUMBAI: Indian government bonds surged on Tuesday after better-than-expected state auction demand shored up...

Published 02 Dec, 2025 06:29pm

South Asia

India investigates Air India after plane flown repeatedly without safety certificate

India’s aviation regulator said on Tuesday it was investigating Air India after the airline operated an Airbus A320...

Published 02 Dec, 2025 06:27pm

Markets

Apple to resist India order to preload state-run app as political outcry builds

NEW DELHI: Apple does not plan to comply with a mandate to preload its smartphones with a state-owned cyber safety...

Published 02 Dec, 2025 04:34pm

Europe

Italy October jobless rate falls to 6.0%, 75,000 jobs created

ROME: Italy’s unemployment rate fell to 6.0% in October from a marginally upwardly revised 6.2% in September,...

Published 02 Dec, 2025 04:27pm

World

Tariffs, AI boom could test global growth’s resilience, OECD says

PARIS: Global growth is holding up better than expected as an artificial intelligence investment boom helps offset...

Published 02 Dec, 2025 04:20pm

Commodities

Decline in India’s Russian oil imports may be temporary, Kremlin says

NEW DELHI: A decline in India’s oil imports from Russia may last only for “a brief period” as Moscow plans to boost...

Published 02 Dec, 2025 04:10pm

Commodities

Copper retreats from peak on firmer dollar, weaker risk appetite

LONDON: Copper prices pulled back on Tuesday, pressured by a firmer dollar, lower risk appetite and as investors...

Published 02 Dec, 2025 04:07pm

Commodities

Palm hits two-week high on stronger Chicago soyoil

JAKARTA: Malaysian palm oil futures closed at its highest level in two weeks on Tuesday, tracking firmer Chicago...

Published 02 Dec, 2025 04:05pm

Forex

Indian rupee hits record low as outflows, trade limbo keep bearish bias intact

MUMBAI: The Indian rupee fell to a record low on Tuesday, extending losses sparked by the absence of a trade deal...

Published 02 Dec, 2025 04:02pm

Stocks

India stock benchmarks fall for 3rd straight session, financials drag

India’s equity benchmarks fell for a third consecutive session on Tuesday as concerns over foreign outflows and the...

Published 02 Dec, 2025 03:57pm

Energy

Bannu Woollen Mills adds 1MW solar capacity as Pakistan’s solar boom continues

Plant supplying power to manufacturing operations

Published 02 Dec, 2025 03:24pm

Companies

Province approves Rs2bn equity injection for Sindh Modaraba

Sindh Modaraba (SM) is set for a major capital boost as the Sindh Cabinet has approved Rs2 billion equity injection...

Published 02 Dec, 2025 03:01pm

Stocks

Healthcare, consumer stocks drag European shares lower; Bayer surges

The pan-European STOXX 600 fell 0.1% to 574.48

Published 02 Dec, 2025 02:24pm

Stocks

Gulf markets subdued on weak oil prices

Oil prices held firm as traders weighed up risks from Ukrainian drone strikes on Russian energy sites

Published 02 Dec, 2025 02:20pm

Financial

Gold price drops by Rs2,700 per tola in Pakistan

International rate of gold declines by $27 to reach $4,218 per ounce

Updated 02 Dec, 2025 06:29pm

Stocks

Australian shares end higher as stronger iron ore prices boost miners

Heavyweights BHP, Rio Tinto and Fortescue added between 1.1% and 1.7%

Published 02 Dec, 2025 01:25pm

Business & Finance

AI and SEO leaders to converge in Karachi for 2nd International SEO Conference

By training professionals and encouraging AI-driven SEO practices, Pakistani companies can align with global digital trends, says one expert

Published 02 Dec, 2025 01:02pm

Statistics

Pakistan’s trade deficit surges 33% YoY to $2.9bn in November 2025

Country’s trade balance, gap between exports and imports, was recorded at a deficit of $2.15bn in November 2024

Updated 02 Dec, 2025 04:22pm

Markets

Samsung unveils first multi-folding phone as competition set to heat up

The US launch is expected as early as the first quarter of next year

Published 02 Dec, 2025 12:20pm

Stocks

Japan’s Nikkei rises as market stabilises after sharp selloff

The Nikkei gained 0.4% to 49,499.06 by the midday trading recess

Published 02 Dec, 2025 12:16pm

Commodities

Copper eases from peak as market keeps focus on supply risks

Benchmark three-month copper on the London Metal Exchange declined 0.77% to $11,165 a ton

Published 02 Dec, 2025 12:14pm

Forex

Australian dollar holds firm as yields hit 11-month high

The fallout from Japan lifted 10-year yields to the highest since January at 4.623%

Published 02 Dec, 2025 12:13pm

Commodities

Soybeans ease as traders gauge China demand; wheat slips on ample supplies

The most-active soybean contract on the Chicago Board of Trade (CBOT) slipped 0.02% to $11.27-3/4 a bushel

Published 02 Dec, 2025 12:10pm

Commodities

Vietnam 2025 rice exports seen falling 11.5% on Philippines import ban

Vietnam is the world’s third-largest rice exporter, after India and Thailand, and its key markets are the Philippines, Indonesia and Africa

Published 02 Dec, 2025 12:08pm

Markets

OpenAI plans to improve ChatGPT and delay initiatives, such as advertising, The Information reports

OpenAI CEO Sam Altman told employees he was declaring a “code red” to improve ChatGPT and is planning to delay other...

Published 02 Dec, 2025 11:56am

Mutual Funds

Japan’s 30-year bond yields climb to record high as rate-hike bets rise

Bond yields rise when prices fall

Published 02 Dec, 2025 11:54am

Stocks

China shares slip ahead of key policy meetings, Hong Kong flat

China's blue-chip CSI300 Index and the Shanghai Composite Index both lost 0.6%

Published 02 Dec, 2025 11:52am

Mutual Funds

India bonds stuck in tight range as large state debt supply, tumbling rupee weigh

The benchmark 10-year yield was at 6.5605%

Published 02 Dec, 2025 11:46am

Bullion Rate

Gold prices ease on firmer Treasury yields, US data in focus

Spot gold fell 0.4% to $4,216.13 per ounce

Published 02 Dec, 2025 11:41am

Forex

China’s yuan slips from 14-month peak as PBOC signals caution over currency rally

The onshore yuan traded at 7.0745 per dollar

Published 02 Dec, 2025 11:38am

Mutual Funds

Philippines awards $598mn T-bonds at auction

Tenders total 125.6 billion pesos

Published 02 Dec, 2025 11:36am

Companies

TPL REIT Fund seeks to reinvest TTZ land sale proceeds into Mangrove project

TPL REIT Fund, TPL’s technology-focused private fund, has proposed a major shift in its earlier announced plan...

Published 02 Dec, 2025 11:26am

Commodities

Palm rises on stronger Chicago soyoil, crude oil

Dalian’s most-active soyoil contract barely changed, up 0.05%, while its palm oil contract rose 0.72%

Published 02 Dec, 2025 11:24am

Markets

Canada’s Barrick Mining explores IPO of North American assets

US-listed shares of the Canadian miner rose 3.7% in premarket trading

Published 02 Dec, 2025 11:18am

Energy

Pakistani plastic maker to install 575KW solar power plant

Synthetic Products Enterprises says this will bring its total solar capacity to meet approximately 24% to 29% of its annual electricity requirements through clean energy

Updated 02 Dec, 2025 11:57am

Exchange

Rupee registers gain against US dollar

Currency settles at 280.47 against greenback

Updated 02 Dec, 2025 06:42pm

Stocks

KSE-100 sheds over 400 points amid late profit-taking

Benchmark index settles at 167,642.27

Updated 02 Dec, 2025 07:06pm

Business & Finance

US Republican senator calls for DOJ and Homeland Security to investigate Shein, Temu for counterfeiting

Shein and Temu did not immediately comment on Cotton’s letter

Published 02 Dec, 2025 08:44am

Stocks

India stock benchmarks set to open higher after pause near record highs

GIFT Nifty futures were trading at 26,330.5

Published 02 Dec, 2025 08:19am

Forex

Indian rupee may extend losses despite RBI’s move to hold the line at 90

The 1-month non-deliverable forward indicated the rupee will open in the 89.62-89.64 range versus the US dollar, after settling 0.1% lower at 89.5475 on Monday

Published 02 Dec, 2025 08:15am

Stocks

Bond and bitcoin selloff leaves stocks unsteady

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% while Tokyo's Nikkei crept 0.5% higher after logging a sharp drop on Monday

Published 02 Dec, 2025 08:13am

Forex

Dollar on the defensive as PMI data boosts case for rate cut

The yield on the US 10-year Treasury bond was last up at 4.086% after a selloff in global bond markets on Monday

Published 02 Dec, 2025 08:10am

Energy

Oil prices steady on worries about geopolitical risks to supply

Brent crude futures fell 18 cents, or 0.3%, to $62.99 a barrel

Updated 02 Dec, 2025 04:14pm

Agriculture and Allied

5,000 super seeders provided to farmers on subsidy: minister

‘All resources being utilized to achieve wheat cultivation target’

Published 02 Dec, 2025 06:15am

Business & Finance

India’s factory growth slows to nine-month low as US tariffs dent demand, PMI shows

India’s final November PMI confirmed that U.S. tariffs caused the manufacturing expansion to slow,” noted Pranjul Bhandari, chief India economist at HSBC

Published 02 Dec, 2025 12:56am

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 2	336.03
Diesel/Litre / Aug 2	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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