News Archives for Business & Finance - 2025-12-24

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Business & Finance - 2025-12-24

Markets

Rs2.65bn recovered from a non-compliant taxpayer, says FBR

Recovery pertains to outstanding Income Tax demand created against a taxpayer who failed to fulfill his statutory obligation, says Federal Board of Revenue

Published 24 Dec, 2025 10:14pm

South Asia

India announces reforms to simplify import checks as it eyes US trade deal

India hopes will bring relief from a 50% tariff imposed by President Donald Trump

Published 24 Dec, 2025 07:32pm

Markets

Privatisation Commission recommends approval of Arif Habib consortium’s bid for PIA stake

Development comes after Pakistan government concluded on Tuesday sale of 75% stake in national carrier for Rs135 billion

Updated 24 Dec, 2025 10:56pm

Stocks

European shares end holiday-shortened week near record highs

The pan-European STOXX 600 was unchanged at 588.61 on Wednesday

Published 24 Dec, 2025 07:18pm

Stocks

Most Gulf markets ease despite firmer oil prices

Saudi Arabia’s benchmark index dropped 0.5%, snapping four sessions of gains, with Al Rajhi Bank losing 0.9%

Published 24 Dec, 2025 07:11pm

Markets

Pakistan rice exports plunge as Indian supply returns to global markets, experts say

Pakistan rice exports declined by 40.02% in volume in July-November period of fiscal year 2025-26

Published 24 Dec, 2025 06:54pm

Energy

Global LNG: Asia spot LNG prices edge up on South Korean demand

The average LNG price for February delivery into Northeast Asia was estimated at $9.60 per million British thermal units

Published 24 Dec, 2025 06:04pm

Financial

India bonds swing to biggest gains since May after RBI announces cash infusion

If FX pain continues, the liquidity drain could be significant, and thus a proactive RBI on liquidity infusion is a welcome move.

Published 24 Dec, 2025 05:13pm

Companies

India gives two new airlines initial go-ahead to begin operations, weeks after IndiGo crisis

The civil aviation ministry granted a “no-objection certificate” to regional airline alHind Air and FlyExpress this week

Published 24 Dec, 2025 04:57pm

Stocks

Sri Lankan shares rise as utilities, energy stocks jump

CSE All Share index settled up 0.15% at 21,959.05

Published 24 Dec, 2025 04:53pm

Commodities

Copper hits record near $12,300 on US GDP growth, weak dollar

Benchmark three-month copper on the London Metal Exchange was up 1.1% to $12,195 a metric ton

Published 24 Dec, 2025 04:51pm

Commodities

Asia rice: Indian rupee gains prop up Indian rates as Thai and Vietnam prices slip

Indian 5% broken white rice was priced at $347 to $352 per ton this week

Updated 24 Dec, 2025 05:16pm

Commodities

Palm muted by firmer ringgit despite gains in crude

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange shed 1 ringgit

Published 24 Dec, 2025 04:05pm

Companies

Warburg, India’s Bharti Enterprises to buy 49% of appliance maker Haier India

Stake will be bought from China’s Haier Group, which currently owns the unit. Haier will retain a 49% holding after the deal

Published 24 Dec, 2025 04:01pm

Energy

India’s Reliance gets one-month US concession to buy Rosneft oil, sources say

Reliance has a long-term deal with Rosneft to buy 500,000 barrels per day of Russian oil

Published 24 Dec, 2025 03:55pm

Forex

Indian rupee slips as corporate dollar bids eclipse uptick in Asian peers

Indian rupee ended at 89.7850 per U.S. dollar, down about 0.1% on the day

Published 24 Dec, 2025 03:52pm

Stocks

Indian equity benchmarks end flat in thin year-end trade; IT losses weigh

Nifty 50 fell 0.13% to 26,142.1, while the BSE Sensex shed 0.14% to 85,408.7

Published 24 Dec, 2025 03:49pm

Companies

Fauji Fertilizer to join Arif Habib consortium for PIA’s 75% stake

AHCL-led consortium emerged as the highest-ranked bidder with a Rs135 billion offer

Published 24 Dec, 2025 03:43pm

Companies

Govt defends PIA privatisation, pegs deal value at Rs55bn

The total value of PIA stands at Rs180 billion, says Muhammad Ali

Updated 24 Dec, 2025 10:57pm

Taxes

Pakistan, Bangladesh agree to cooperate on tax dispute resolution

ISLAMABAD: The National Board of Revenue Bangladesh, the country’s tax agency, and the Federal Tax Ombudsman (FTO)...

Published 24 Dec, 2025 01:20pm

Commodities

New all-time high: gold price per tola gains Rs2,000 in Pakistan

Silver also increased by Rs500 to clock in at Rs7,505 per tola.

Published 24 Dec, 2025 12:07pm

Business & Finance

Pakistan signals confidence and continuity as economic reforms deliver results: Aurangzeb

Pakistan is moving away from a consumption-driven growth model towards an export-led strategy, says the finance minister

Published 24 Dec, 2025 11:42am

Energy

China’s CNOOC makes second big oil find in Bohai Sea

The discovery well was drilled to 1,688 metres (5,538 ft) deep, which encountered a total of 66.7 metres oil pay zones

Published 24 Dec, 2025 11:26am

Stocks

Shanghai stock benchmark edges higher, set for longest winning streak since July

China's blue-chip CSI300 index slipped 0.12%

Published 24 Dec, 2025 11:19am

Mutual Funds

Japan’s 30-year yields rise to record highs as stimulus concerns mount

The 30-year Japanese government bond (JGB) yield rose 2.5 basis points (bps) to 3.45%, eclipsing the previous record reached earlier this week

Published 24 Dec, 2025 11:14am

Commodities

Iron ore dips as data shows weaker global crude steel output

The benchmark January iron ore on the Singapore Exchange was 0.55% lower at $103.8 a ton

Published 24 Dec, 2025 11:13am

Commodities

Wheat climbs to one-week high ahead of Christmas break

The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.7% to $5.20-3/4 per bushel

Published 24 Dec, 2025 11:12am

Commodities

Copper holds near record highs as robust US GDP boosts demand prospects

The benchmark three-month copper on the London Futures Exchange rose 0.1% to $12,076.5 a ton

Published 24 Dec, 2025 11:10am

Forex

Yuan hits 15-month high on firm fix, year-end demand

The onshore yuan rose to 7.0201 per dollar in early trade, the firmest level since September 30, 2024

Published 24 Dec, 2025 11:08am

Stocks

Stocks close in red, KSE-100 sheds over 240 points

KSE-100 settles at 170,830.22

Updated 24 Dec, 2025 08:16pm

Mutual Funds

India bonds rally after Reserve Bank’s $32 billion liquidity boost

The benchmark 10-year yield was at 6.5679%

Published 24 Dec, 2025 10:58am

Stocks

Australian shares end holiday-shortened week lower on profit-taking

The S&P/ASX 200 index fell 0.4% to 8,762.70 in the last trading day of the week

Published 24 Dec, 2025 10:56am

Commodities

Palm trades in tight range as firmer ringgit weighs on prices

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.05%, to 4,038 ringgit

Published 24 Dec, 2025 10:55am

Stocks

Japan’s Nikkei gains as chip-sector shares track US peers higher

Japanese markets are open Thursday and Friday as usual

Published 24 Dec, 2025 10:53am

Financial

BOJ debated need to keep raising rates, October meeting minutes show

At the October 29-30 meeting, the BOJ kept interest rates steady at 0.5% but Governor Kazuo Ueda sent a strong signal on the chance of a near-term rate hike

Published 24 Dec, 2025 10:52am

Business & Finance

New capital will help ‘resolve PIA’s problems,’ says Arif Habib

Habib said the airline’s fleet would be increased to 38 aircraft in the first phase

Published 24 Dec, 2025 10:49am

Forex

Thai baht/US dollar stronger on Wednesday

The baht was 0.13% higher at 31.06 versus the dollar, after trading in a range of 31.055 to 31.130

Published 24 Dec, 2025 10:49am

Forex

Australia, NZ dollars on a high as yields, commodities climb

The Aussie was holding at $0.6700, having climbed 1.2% in just two sessions to finally crack resistance at $0.6686

Published 24 Dec, 2025 10:47am

Exchange

Rupee records gain against US dollar

Currency settles at 280.20 against greenback

Updated 24 Dec, 2025 08:28pm

Companies

PIA privatisation: Arif Habib-led consortium awaits cabinet nod after Rs135bn offer

Confirmation of acceptance of bid price remains subject to requisite approvals

Published 24 Dec, 2025 09:47am

Companies

Nestle sells remaining 40pc Herta stake to Casa Tarradellas

LONDON: Nestle said on Tuesday it had completed the sale of its remaining 40 percent stake in packaged meat business...

Published 24 Dec, 2025 08:30am

World

Venezuela resorts to floating storage as onshore storage tanks fill up

CARACAS: Venezuela’s state-run oil company PDVSA has started filling up tankers with crude and fuel oil it has in...

Published 24 Dec, 2025 08:28am

Forex

Indian rupee recovery aided by dollar’s stumble; spotlight on forwards after RBI’s FX swap

*The 1-month non-deliverable forward indicated the rupee will open in the 89.50-89.60 range versus the US dollar, having settled at 89.65 on Tuesday

Published 24 Dec, 2025 08:18am

Markets

Gold tops $4,500, silver and platinum hit records in metal markets frenzy

Spot gold rose 0.1% to $4,492.51 per ounce

Updated 24 Dec, 2025 10:31am

Stocks

Stocks up as markets wind down to bumper year; gold and silver smash records

Gold and silver were again the big movers in early Asian trade

Published 24 Dec, 2025 08:11am

Industry

Delegation of PCDMA meets CG Korea, DG KOTRA

KARACHI: A delegation of Pakistan Chemicals & Dyes Merchants Association (PCDMA), led by Chairman Salim...

Published 24 Dec, 2025 08:11am

Stocks

India equity benchmarks set for muted start amid foreign outflows, thin trading volumes

The Gift Nifty futures were trading at 26,234 points

Published 24 Dec, 2025 08:07am

Forex

Dollar set for worst year since 2003 as rate outlooks diverge

Against a basket of currencies, the dollar fell to a 2-1/2-month low of 97.767, and was on track to lose 9.9% for the year

Published 24 Dec, 2025 08:05am

Energy

Oil rises for sixth session on US data, geopolitical tension

Brent crude futures climbed 16 cents, or 0.3%, to $62.54 a barrel

Updated 24 Dec, 2025 06:09pm

Commodities

Bangladesh approves new rice imports from Pakistan

DHAKA: Bangladesh has approved the import of 50,000 metric tons of white rice from Pakistan under a government to...

Published 24 Dec, 2025 07:42am

Business & Finance

Sindh marks three major PPP milestones with EnerTech: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has stated that his government is setting new benchmarks in...

Published 24 Dec, 2025 06:21am

Business & Finance

Revenue generation, other targets: Pakistan Railways makes notable progress

LAHORE: The Pakistan Railways (PR) has made significant progress during 2025 in revenue generation, safety,...

Updated 24 Dec, 2025 07:33am

Pakistan

Punjab to promote hydroponics farming for year-round tomatoes

LAHORE: The Punjab government is paying attention to promote modern technology in the province to ensure...

Published 24 Dec, 2025 06:21am

Business & Finance

Investigation & intelligence wing to be set up in PRA

LAHORE: The Punjab Revenue Authority (PRA) has decided to establish an investigation and intelligence wing aimed at...

Published 24 Dec, 2025 06:21am

Industry

Punjab starts 24/7 digital monitoring of sugar mills

LAHORE: The Price Control & Commodities Management Department has introduced a 24/7 digital monitoring system...

Published 24 Dec, 2025 06:21am

Business & Finance

CDA generates Rs14.809bn from auction of plots

ISLAMABAD: The Capital Development Authority (CDA) has generated Rs 14.809 billion from the auction of residential...

Published 24 Dec, 2025 06:21am

Energy

PPL strikes new gas reserve in Kashmore

KARACHI: Pakistan Petroleum Limited (PPL) has made a groundbreaking discovery at its LAL X-1 exploratory well in...

Published 24 Dec, 2025 06:21am

Pakistan

Arms export to Libya: country concludes a huge deal

ISLAMABAD: Pakistan has concluded a multi-billion-dollar export agreement to supply conventional arms and equipment...

Published 24 Dec, 2025 06:21am

Business & Finance

ADB team, minister discuss development projects for Sindh

KARACHI: Asian Development Bank on its cards has development projects of two billion dollars for Sindh. This was...

Published 24 Dec, 2025 06:21am

Business & Finance

Islamic banking must be reflected in practice: SBP

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah has said that Islamic banking must not remain...

Published 24 Dec, 2025 06:21am

Business & Finance

SSGC shareholders elect new board on 3-year term

KARACHI: Sui Southern Gas Company Limited (SSGC) held an Extraordinary General Meeting here on Tuesday, during which...

Updated 24 Dec, 2025 02:11pm

Business & Finance

Balochistan’s agricultural potential: TDAP to organise agri exhibition

ISLAMABAD: Secretary Trade Development Authority of Pakistan (TDAP) Shahryar Khan Tuesday announced that an...

Published 24 Dec, 2025 06:21am

Business & Finance

Over 1.5m URLs blocked during current year: PTA chairman

ISLAMABAD: Chairman of the Pakistan Telecommunication Authority (PTA) Maj General Hafeez Ur Rehman (retd) has said...

Published 24 Dec, 2025 06:21am

Business & Finance

PIA sell-off: Airblue congratulates consortium

ISLAMABAD: Airblue Tuesday extended its congratulations to Arif Habib consortium on successfully prevailing in the...

Published 24 Dec, 2025 06:21am

Taxes

IR, Customs officers: FTO’s key recommendation remains unimplemented

ISLAMABAD: A key recommendation issued by the Federal Tax Ombudsman (FTO) against Inland Revenue and Customs...

Published 24 Dec, 2025 06:21am

Business & Finance

FY21 audit report for FD: There’s need to reform SECP: PAC

ISLAMABAD: Public Accounts Committee Chairman Syed Naveed Qamar on Tuesday urged the government to reform and...

Published 24 Dec, 2025 06:21am

Business & Finance

PEC launches three landmark national codes

ISLAMABAD: The Pakistan Engineering Council (PEC) on Tuesday formally launched three landmark national codes aimed...

Published 24 Dec, 2025 06:21am

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 1	336.03
Diesel/Litre / Aug 1	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)	5.99 ▲ 0.57 (10.52%)
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)	147.85 ▼ -16.43 (-10%)
Kohinoor Power / Jul 31 Kohinoor Power Company Limited(KOHP)	25.24 ▼ -2.8 (-9.99%)
Imperial Limited / Jul 31 Imperial Limited(IML)	21.16 ▼ -1.82 (-7.92%)
786 Invest Ltd / Jul 31 786 Investments Limited(786)	24.09 ▼ -1.77 (-6.84%)
Suraj Cotton / Jul 31 Suraj Cotton Mills Limited(SURC)	156.99 ▼ -10.01 (-5.99%)
Premier Sugar / Jul 31 The Premier Sugar Mills(PMRS)	480.50 ▼ -30.22 (-5.92%)
Elahi Cotton / Jul 31 Elahi Cotton Mills Limited(ELCM)	214 ▼ -13.17 (-5.8%)
JS Investments / Jul 31 JS Investments Limited(JSIL)	43.21 ▼ -2.62 (-5.72%)
Intermarket Securities / Jul 31 Intermarket Securities Limited(IMS)	27 ▼ -1.61 (-5.63%)

Stock	Volume
Trust Sec.& Brok. / Jul 31 Trust Securities & Brokerage Limited(TSBL)	176,475,627 ▲ 0.08
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	81,714,527 ▼ -2.27
Cnergyico PK / Jul 31 Cnergyico PK Limited(CNERGY)	49,907,894 ▲ 0.19
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	48,385,428 ▲ 1
TPL Properties / Jul 31 TPL Properties Limited(TPLP)	32,449,206 ▲ 0.87
F. Nat.Equities / Jul 31 First National Equities Limited(FNEL)	31,354,104 ▲ 0.01
WorldCall Telecom / Jul 31 Worldcall Telecom Limited(WTL)	28,303,449 ▲ 0.01
TPL Corp Ltd / Jul 31 TPL Corp Limited(TPL)	27,587,009 ▲ 1.22
Oilboy Energy / Jul 31 Oilboy Energy Limited(OBOY)	21,691,861 ▲ 0.78
Pak Refinery / Jul 31 Pakistan Refinery Limited(PRL)	21,498,836 ▲ 3.77

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