News Archives for Business & Finance - 2025-01-28

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Business & Finance - 2025-01-28

Middle East

Emirati state weapons contractor invests in Israeli defense supplier

JERUSALEM: Thirdeye Systems, an Israeli military supplier, said it has sold a 30% stake to Emirati state-owned...

Published 28 Jan, 2025 09:06pm

Energy

Agreement revisions with govt-owned IPPs in next phase: Leghari

Govt plans to auction surplus electricity, says energy minister

Updated 28 Jan, 2025 10:54pm

Money & Banking

SBP issues first digital retail banking license to easypaisa

The State Bank of Pakistan (SBP) on Tuesday awarded its first digital retail banking (DRB) license to easypaisa...

Updated 28 Jan, 2025 11:32pm

Stocks

S&P, Nasdaq eye higher open as AI stocks recover, earnings roll in

The S&P 500 and the Nasdaq were set for a slightly higher open on Tuesday, as AI-linked shares recouped some of...

Published 28 Jan, 2025 07:05pm

Stocks

Gulf markets end mixed amid US tariff threats

Stock markets in the Gulf closed mixed on Tuesday as investors assessed U.S. President Donald Trump’s latest tariff...

Published 28 Jan, 2025 07:03pm

Interest Rates

US Fed starts rate deliberations with pause expected

WASHINGTON: The US Federal Reserve began two days of interest rate discussions Tuesday, with analysts overwhelmingly...

Published 28 Jan, 2025 07:01pm

Companies

Boeing reports 2024 loss of $11.8bn after strike, safety issues

NEW YORK: Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024 that included a lengthy...

Published 28 Jan, 2025 06:28pm

Bullion Rate

Gold price per tola falls Rs2,700 in Pakistan

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

Updated 28 Jan, 2025 09:26pm

Energy

Saudi, UAE, Iraq, Libya energy ministers meet after Trump OPEC comments

DUBAI: Saudi Arabia’s energy minister met his counterparts from the United Arab Emirates (UAE), Iraq and Libya on...

Published 28 Jan, 2025 05:42pm

Stocks

Financials haul Indian benchmarks higher after central bank’s liquidity boost

India’s benchmark indexes rose on Tuesday, led by gains in financials after the Reserve Bank of India announced a...

Published 28 Jan, 2025 05:10pm

Stocks

Sri Lanka shares rise as IT, financials gain

CSE All Share index settled up 0.44% at 17,119.86

Published 28 Jan, 2025 04:49pm

Commodities

Comex copper premium vs LME expands after Trump tariff threat

LONDON: Copper traded on the U.S. Comex exchange expanded its premium against its London counterpart on Tuesday...

Published 28 Jan, 2025 04:46pm

Commodities

Palm closes higher despite weak demand, Indonesia export rate uncertainty

KUALA LUMPUR: Malaysian palm oil futures settled higher on Tuesday, rebounding from earlier losses, though sluggish...

Published 28 Jan, 2025 04:44pm

Stocks

Tech selloff deepens as DeepSeek upsets global AI race

LONDON/SINGAPORE: Global technology shares sank on Tuesday, as a market rout sparked by the emergence of a low-cost...

Updated 28 Jan, 2025 09:30pm

Business & Economy

Aurangzeb hints at tax reforms for Pakistan’s salaried group

Finance minister says slabs need re-think, but commitment cannot be made

Updated 28 Jan, 2025 09:13pm

Stocks

European shares rise as global tech selloff eases

European shares edged up on Tuesday with gains for utilities and media stocks supporting the index, as selling...

Published 28 Jan, 2025 02:35pm

Stocks

Saudi bourse rises on STC gains; Dubai index down

Gulf stock markets started Tuesday on a positive note, with most indexes rising, led by the Saudi index that was...

Published 28 Jan, 2025 02:31pm

Forex

Kenyan shilling holds steady against dollar, LSEG data shows

The shilling was trading at 129.00/129.50 per dollar

Published 28 Jan, 2025 02:19pm

Hyundai Motor India’s Q3 profit falls on lower domestic car sales, exports

Hyundai Motor India, the country’s second-biggest carmaker by market share, reported a 19% fall in its third-quarter...

Published 28 Jan, 2025 02:17pm

Companies

Lufthansa in talks with Air Europa to acquire a minority stake, sources say

LONDON: German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of...

Published 28 Jan, 2025 02:16pm

BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker

TOKYO: The Bank of Japan will likely raise interest rates again around June or July, and seek to hike its policy...

Published 28 Jan, 2025 12:19pm

Commodities

Trump’s copper, aluminium tariffs may raise costs for U.S. consumers

MELBOURNE: President Donald Trump’s vow of tariffs on U.S. copper and aluminium imports would result in higher costs...

Published 28 Jan, 2025 12:07pm

Forex

Thai baht/US dollar weaker on Tuesday

Baht was 0.18% lower at 33.85 versus the dollar

Published 28 Jan, 2025 11:28am

Energy

South Korea’s KOMIPO seeks LNG for March delivery

SINGAPORE: South Korea’s Korea Midland Power Co (KOMIPO) is seeking 3-3.6 trillion British thermal units (Btu) of...

Published 28 Jan, 2025 11:26am

Goldman Sachs raises US gas price forecast amid colder winter

Goldman Sachs has raised its forecast for US natural gas prices to $3.60 per million British thermal units (MMBtu)...

Published 28 Jan, 2025 11:23am

Commodities

Palm eases ahead of holidays despite stronger Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday ahead of the Lunar New Year holidays, despite support from...

Published 28 Jan, 2025 11:20am

Thailand car production falls 17.37% y/y in December

BANGKOK: Car production in Thailand dropped 17.37% in December from a year earlier to 104,878 units due to lower...

Published 28 Jan, 2025 11:07am

Energy

Sinopec to lift refining output in Feb as independents cut runs, sources say

SINGAPORE: China’s Sinopec plans to raise crude throughput next month by 100,000 to 150,000 barrels per day (bpd)...

Published 28 Jan, 2025 10:59am

Mutual Funds

India bond yields to tumble after RBI’s liquidity action

MUMBAI: Indian government bond yields are expected to fall sharply in early deals on Tuesday, after the central bank...

Published 28 Jan, 2025 10:52am

Commodities

London copper hits two-week low on dollar strength, demand worries in China

London copper extended decline to a two-week low on Tuesday, as a stronger dollar and worries about demand in top...

Published 28 Jan, 2025 10:51am

Commodities

Corn, soy and wheat prices steady after tariff jitters

CANBERRA: Chicago corn, soybean and wheat futures steadied on Tuesday after concerns that US President Donald Trump...

Published 28 Jan, 2025 10:49am

Exchange

Rupee sees marginal decline against US dollar

Currency settles at 278.93 against greenback in inter-bank market

Updated 28 Jan, 2025 09:18pm

Stocks

Tech stock selloff deepens as DeepSeek triggers AI rethink

SINGAPORE: Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost...

Published 28 Jan, 2025 10:48am

Forex

Australia, NZ dollars sideswiped by tech rout, tariff threats

SYDNEY: The Australian and New Zealand dollars slid on Tuesday as a rout in US tech stocks bruised risk sentiment,...

Published 28 Jan, 2025 10:45am

Stocks

Australian shares flat as financials offset commodity, IT losses

Australian shares struggled for direction on Tuesday, as losses in commodity and IT stocks countered gains in...

Published 28 Jan, 2025 10:44am

Forex

Indian rupee to weaken tracking Asian peers as global risk appetite sours

MUMBAI: The Indian rupee is expected to open lower on Tuesday tracking a decline in most of its regional peers as a...

Published 28 Jan, 2025 10:35am

Stocks

Japan’s Nikkei falls as tech shares track Nasdaq lower

TOKYO: Japan’s Nikkei share average fell on Tuesday as heavyweight chip-related stocks tracked an overnight drop in...

Published 28 Jan, 2025 10:34am

Stocks

Hong Kong stocks close firmer as Lunar New Year holiday kicks in

HONG KONG: Hong Kong’s Hang Seng index ended Tuesday’s half-day trading slightly higher, with tech shares and...

Published 28 Jan, 2025 10:33am

Commodities

Thai 2025 rice exports seen falling over 20% this year, commerce ministry says

BANGKOK: Thailand’s rice exports are seen falling about 24% to 7.5 million metric tons this year, the commerce...

Published 28 Jan, 2025 10:31am

Stocks

KSE-100 loses nearly 1,500 points as market looks for fresh triggers

Selling pressure persisted at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost nearly 1,500...

Updated 28 Jan, 2025 10:54pm

Bullion Rate

Gold holds steady as traders focus on Fed

Gold held steady on Tuesday as investors focused on the U.S. Federal Reserve’s policy meeting to see if President...

Published 28 Jan, 2025 08:42am

Forex

Currency markets jittery as traders assess DeepSeek, tariff concerns

TOKYO: The Japanese yen gave up some of the safe-haven driven gains on Tuesday as investors grappled with the...

Published 28 Jan, 2025 08:26am

Stocks

India’s benchmark indexes set to open marginally higher

India’s benchmark indexes are set to open marginally higher on Tuesday, with futures indicating a slight pullback...

Published 28 Jan, 2025 08:20am

Energy

Oil prices hover near two-week low, Libya supply disruption offers support

Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising...

Updated 28 Jan, 2025 06:12pm

Stocks

China’s AI drive hammers tech stocks

BOSTON/LONDON/SINGAPORE: U.S. stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on...

Published 28 Jan, 2025 08:13am

Interest Rates

100 basis points cut in policy rate: S M Tanveer shows disappointment

LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG), has expressed disappointment over the State...

Published 28 Jan, 2025 08:12am

Agriculture and Allied

China’s BGI Group to invest in rice & corn cultivation

LAHORE: The Chinese company BGI Group has offered a pilot project for rice and corn cultivation in Punjab along with...

Updated 28 Jan, 2025 08:13am

EV sector: experts demand developing needed infrastructure

ISLAMABAD: Automobile sector experts at a seminar have underlined the urgent need to develop electric vehicles...

Updated 28 Jan, 2025 08:13am

Inter-port movement: FBR expands scope of cargo tracking

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of tracking and monitoring of cargo through...

Updated 28 Jan, 2025 08:13am

SECP to amend Research Analyst Regulations, 2015

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to amend the Research Analyst...

Published 28 Jan, 2025 06:47am

Money & Banking

Bitcoin drops to 11-day low

LONDON: Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a ...

Published 28 Jan, 2025 06:45am

Money & Banking

Asian currencies weaken on Trump tariff concerns

BENGALURU: Thailand’s baht slipped the most among weaker Asian currencies on Monday as the dollar firmed on ...

Published 28 Jan, 2025 06:45am

Money & Banking

Yen and Swiss franc jump, dollar drops

NEW YORK: The Japanese yen and the Swiss franc gained against major currencies on Monday amid a selloff in ...

Published 28 Jan, 2025 06:45am

Money & Banking

Yuan slips from 2-month high

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

Published 28 Jan, 2025 06:45am

Companies

Major Coca-Cola recall in Europe over chlorate content

BRUSSELS: The European bottling unit of soda giant Coca-Cola on Monday said it has ordered a major recall of Coke,...

Published 28 Jan, 2025 06:45am

Companies

Mari Energies reports 42pc QoQ decline in earnings to Rs9.3/share

ISLAMABAD: Mari Energies Limited reported 42 percent QoQ decline in its earnings to Rs9.3 per share primarily ...

Published 28 Jan, 2025 06:45am

Taxes

Major tax evasion of Rs825m by trading firm detected

KARACHI: The Export Collectorate at Port Muhammad Bin Qasim (PMBQ) has exposed a major tax evasion of Rs 825 million...

Published 28 Jan, 2025 06:45am

Policy rate cut will boost investor confidence: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said that the policy rate reduction by 1 percent by State Bank of...

Published 28 Jan, 2025 06:45am

Companies

Meezan Bank unveils FCY debit card for freelancers & exporters

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has announced the launch of its Foreign Currency (FCY) ...

Published 28 Jan, 2025 06:45am

Interest Rates

Demand for steeper cut in policy rate

KARACHI Former President of Employers Federation of Pakistan (EFP) Ismail Sattar has said that business community on...

Published 28 Jan, 2025 06:45am

Industry

FPCCI terms 100bps policy rate cut ‘grossly insufficient’ reduction

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of ...

Published 28 Jan, 2025 06:45am

ABL and Fauree team up to provide digital financing solutions to SMEs

LAHORE: Allied Bank has entered into a strategic partnership with Fauree Tech Pvt. Limited, a leading fintech ...

Published 28 Jan, 2025 06:45am

Southern Zone: APTMA terms decision to increase gas tariff for CPPs anti-textile exports

KARACHI: All Pakistan Textile Mills Association (APTMA), Southern Zone terms Economic Coordination Committee’s...

Published 28 Jan, 2025 06:45am

LCCI lauds SBP’s decision to reduce discount rate

Industry

Interest Rates

O/N repo, reverse repo rates revised

KARACHI: With reduction in the key policy rate, the State Bank of Pakistan (SBP) has also announced revised ...

Published 28 Jan, 2025 06:45am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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