News Archives for Business & Finance - 2025-01-27

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Business & Finance - 2025-01-27

Forex

New currency notes to enter circulation in 2025, confirms SBP governor

Notes of all existing denominations would be issued one by one instead in one go, according to the SBP chief

Updated 27 Jan, 2025 10:05pm

South Asia

Afghans complain of rising food prices as currency loses value

KABUL: Residents of the Afghan capital have complained of rising food prices as the local currency lost value...

Published 27 Jan, 2025 09:41pm

Stocks

Most Gulf markets fall amid US trade concerns

Most stock markets in the Gulf ended lower on Monday due to uncertainty surrounding U.S. trade policy, although the...

Published 27 Jan, 2025 07:07pm

Commodities

Copper retreats as China sells ahead of Lunar holiday

LONDON: Copper prices slipped on Monday as weak manufacturing data from top consumer China suggested deteriorating...

Published 27 Jan, 2025 06:00pm

Commodities

Gold price per tola decreases Rs300 in Pakistan

Gold prices in Pakistan declined on Monday in line with their decrease in international rates. In the local market,...

Published 27 Jan, 2025 05:59pm

Stocks

Energy stocks lift Sri Lankan shares

CSE All Share index settled up 0.75% at 17,044.67

Published 27 Jan, 2025 05:41pm

USA

World Bank president cautions against hasty reaction to Trump policies

DAR ES SALAAM: Policymakers around the globe should not react in haste to announcements by U.S. President Donald...

Published 27 Jan, 2025 05:38pm

Energy

European demand to tighten global LNG market in 2025, Trump policies in spotlight

SINGAPORE/LONDON: The global liquefied natural gas market could remain tight this year as rising European demand...

Published 27 Jan, 2025 05:12pm

Business & Economy

Bulk of Pakistan’s foreign debt repayment for FY25 already repaid: SBP chief

Governor State Bank of Pakistan (SBP) Jameel Ahmad on Monday said “bulk of” the country’s foreign debt for the...

Updated 27 Jan, 2025 09:51pm

Stocks

Earnings woes drag Indian shares to seven-month low

Indian shares slid more than 1% on Monday, with the benchmark Nifty 50 and Sensex indexes finishing at seven-month...

Published 27 Jan, 2025 04:33pm

Commodities

Palm oil ends flat as lower export estimates counter supply concerns

KUALA LUMPUR: Malaysian palm oil futures ended flat on Monday as weakness in the Chicago soyoil contract and lower...

Published 27 Jan, 2025 04:30pm

Money & Banking

In line with expectations: SBP reduces key interest rate by 100bps, takes it to 12%

MPC expects headline inflation for FY25 to average between 5.5-7.5%

Updated 27 Jan, 2025 11:35pm

Middle East

Saudi Arabia allows foreigners to invest in firms with property in Makkah, Medina

DUBAI: Saudi Arabia’s market regulator said on Monday it would allow foreign investment in listed companies that own...

Updated 27 Jan, 2025 07:22pm

Companies

Mari Energies profit declines 39% in 2QFY25

Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), posted a profit-after-tax (PAT) of...

Updated 27 Jan, 2025 10:33pm

Companies

National Refinery sustains loss of Rs4.5bn in 2QFY25

National Refinery Limited (NRL) registered a massive loss of Rs4.49 billion during the quarter that ended December...

Updated 27 Jan, 2025 04:05pm

Commodities

Palm range-bound on Chicago soyoil weakness, lower Jan export forecast

KUALA LUMPUR: Malaysian palm oil futures moved in a tight range on Monday amid weakness in the Chicago soyoil...

Published 27 Jan, 2025 12:55pm

Companies

Hum Network rejects CEO resignation reports

Hum Network Limited (HUMNL) has dismissed media reports suggesting that its Chief Executive Officer (CEO), Duraid...

Published 27 Jan, 2025 12:40pm

Commodities

Dalian iron ore heads for monthly gain on resilient steel demand, US-China trade optimism

SINGAPORE: Dalian iron ore futures prices climbed on Monday and were on track for monthly gains, aided by resilient...

Published 27 Jan, 2025 12:24pm

Commodities

London copper slips as dollar firms amid rising Trump tariff worries

London copper eased on Monday, as the US dollar firmed after President Donald Trump threatened to impose tariffs on...

Published 27 Jan, 2025 12:19pm

Forex

China's yuan slips from 2-month high, but poised for first monthly gain in four

SHANGHAI: China's yuan slipped from a near two-month high against the dollar in holiday-thinned trading on Monday, ...

Published 27 Jan, 2025 12:09pm

Stocks

KSE-100 closes 1,360 points lower as investors opt for caution

The Pakistan Stock Exchange (PSX) witnessed selling pressure on Monday, with its benchmark KSE-100 Index closing...

Updated 27 Jan, 2025 10:27pm

Stocks

China stocks flat as manufacturing activity slowdown curbs sentiment

SHANGHAI: China stocks were flat on Monday, the last day before the Lunar New Year holiday, as a surprise ...

Published 27 Jan, 2025 11:53am

Thai economy to grow more than 3% this year, finance minister says

BANGKOK: Thailand's economy is expected to grow more than 3% this year, driven by stimulus measures and foreign...

Published 27 Jan, 2025 11:44am

Energy

Russia cut oil exports by 2.2% in 2024, Kommersant reports

MOSCOW: Russian companies decreased oil exports by 2.2% year-over-year to 295.12 million metric tons in 2024,...

Published 27 Jan, 2025 11:42am

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

BEIJING: Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free...

Published 27 Jan, 2025 11:39am

China's industrial profits fall 3.3% in 2024, third year in the red

BEIJING: Profits at China's industrial firms fell for a third straight year in 2024, official data showed on Monday,...

Published 27 Jan, 2025 11:36am

China's Jan non-manufacturing activity growth slows

BEIJING: China's January non-manufacturing activity grew but at a slower pace than in December, an official survey...

Published 27 Jan, 2025 11:34am

Mutual Funds

India central bank debt purchases to push bond yields lower

MUMBAI: Indian government bond yields are expected to decline in early deals at the start of the week, after the...

Published 27 Jan, 2025 11:30am

Stocks

Japan's Nikkei sees declines as tech shares stumble

TOKYO: Japan's Nikkei share average fell on Monday as a slump in technology shares following last week's rally beat...

Published 27 Jan, 2025 11:28am

Stocks

Earnings woes drag Indian shares down 1%, with ICICI Bank a lone standout

Indian shares slid on Monday as a swathe of lacklustre earnings reports confirmed investors' fears that a slowdown ...

Published 27 Jan, 2025 11:26am

Mutual Funds

Philippines awards $473mn T-bill offer

MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of T-bills on Monday:...

Published 27 Jan, 2025 11:25am

Forex

Indian rupee recovery to fade on yuan weakness, Trump worries

MUMBAI: The Indian rupee, following last week's relief rally, is expected to decline on Monday, weighed by the dip ...

Published 27 Jan, 2025 11:22am

Stocks

Asia equities slide with US stock futures on China's AI push; dollar firms

TOKYO: US stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of...

Published 27 Jan, 2025 11:19am

Forex

Thai baht/US dollar weaker on Monday

Baht was 0.3% lower at 33.67 versus the dollar

Published 27 Jan, 2025 11:17am

Soybeans fall more than 1% on Argentine tax cuts

SINGAPORE: Chicago soybeans slid for a second straight session on Monday to hit their lowest in almost one week, as...

Published 27 Jan, 2025 11:15am

Bullion Rate

Gold retreats as dollar firms; Fed's rate-decision looms

Gold dipped on Monday pressured by a firmer dollar, while investors focussed on the Federal Reserve's first meeting...

Published 27 Jan, 2025 11:13am

Forex

Dollar inches higher as Trump tariff worries return

SINGAPORE: The dollar firmed on Monday as traders pondered the ramifications of US President Donald Trump's tariff...

Published 27 Jan, 2025 11:11am

Energy

Oil slips as Trump’s Colombia sanctions threat reversed

LONDON: Oil prices edged lower on Monday after the U.S. pulled back from initial sanctions threats against Colombia,...

Updated 27 Jan, 2025 09:57pm

Companies

Eyeing expansion, Air Link acquires industrial land in Lahore

Air Link Communication Limited, a manufacturer and distributor of smartphones in Pakistan, has purchased a 3-acre...

Updated 27 Jan, 2025 04:04pm

Currency

Rupee records marginal decline against US dollar

Currency settles at 278.83 against greenback in inter-bank market

Updated 27 Jan, 2025 10:38pm

Companies

Krafters, IDEA sign MoU

PESHAWA: A Memorandum of Understanding (MoU) was signed between Krafters, a tech based platform engaged in business...

Published 27 Jan, 2025 07:05am

Industry

Strengthening regional trade crucial for progress: Malik

LAHORE: SAARC Chamber of Commerce and Industry former President Iftikhar Ali Malik has emphasised the need for...

Published 27 Jan, 2025 06:59am

Companies

Engro Fertilizers inaugurates new Markaz Centre in Muridke

LAHORE: To support the Government’s efforts in ensuring the availability of high-quality fertilizers at official...

Published 27 Jan, 2025 06:40am

Business leader for inking FTA, PTA with BD

PESHAWAR: Former Governor Khyber Pakhtunkhwa Haji Ghulam Ali has called for signing of Free Trade Agreement (FTA) ...

Published 27 Jan, 2025 06:26am

Companies

Telenor, Orion Towers: PTCL refutes CCP claim that it has failed to submit required info

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) Group formally conveyed its concern to Competition...

Published 27 Jan, 2025 06:18am

Companies

Maizban tourism project: KP govt, BoK join hands

PESHAWAR: A memorandum of understanding (MoU) has been signed between the Tourism Department Khyber Pakhtunkhwa and...

Published 27 Jan, 2025 06:11am

Companies

KE’s KHI Awards 2025: Highly respected jury convening to evaluate entries

KARACHI: The KHI Awards 2025, K-Electric’s flagship initiative celebrating the spirit of service, has entered a...