News Archives for Business & Finance - 2025-03-25

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Business & Finance - 2025-03-25

Food minister rebuts reports about sugar price discrepancies

Federal Minister for National Food Security and Research Rana Tanveer Hussain on Tuesday refuted concerns regarding...

Updated 25 Mar, 2025 10:26pm

Stocks

Wall St wavers after weak consumer confidence data; focus on tariffs

Wall Street’s primary indexes wavered on Tuesday, as signs of a further deterioration in consumer mood tempered...

Published 25 Mar, 2025 09:28pm

Stocks

TSX rises as potential US tariff exemptions keep spirits high

Canada’s main stock index rose on Tuesday, building on the previous day’s gains as optimism about...

Published 25 Mar, 2025 09:26pm

‘Immense national importance’: ECC assures full support for Reko-Diq project

Committee directs Ministries of Petroleum, Finance to continue close coordination to ensure timely implementation of all agreed actions for project

Updated 25 Mar, 2025 09:56pm

Commodities

Raw sugar steadies after hitting 1-1/2 week low

LONDON: Raw sugar steadied on Tuesday after hitting a 1-1/2 week low as investors await the upcoming crop in top...

Published 25 Mar, 2025 08:12pm

Companies

Kenya Airways records profit after more than a decade of losses

NAIROBI: Kenya Airways said on Tuesday that it had made a pretax profit last year after more than a decade of...

Published 25 Mar, 2025 08:05pm

Currency

South African rand on front foot, US tariff worries remain

JOHANNESBURG: South Africa’s rand extended its recent rally on Tuesday, as markets continued to look for clarity on...

Published 25 Mar, 2025 08:01pm

USA

Moody’s says US fiscal strength on course for continued decline

NEW YORK: Ratings agency Moody’s said on Tuesday that the U.S.’ fiscal strength is on track for a continued...

Published 25 Mar, 2025 07:43pm

Energy

Russia’s oil exports from its western ports set to rise 5% in April

Russia’s daily oil exports from its western ports are set to rise by some 100,000 barrels per day to 1.97 million...

Published 25 Mar, 2025 07:40pm

Stocks

Most Gulf markets fall on US tariff uncertainty

Most stock markets in the Gulf ended lower on Tuesday as investors awaited clarity on U.S. threats of reciprocal...

Published 25 Mar, 2025 07:36pm

Forex

Sterling inches higher with tariffs, spring statement in focus

LONDON: The pound rose slightly on Tuesday after falling to a two-week low the previous day, as investors continued...

Published 25 Mar, 2025 05:20pm

India ends import duty for items needed to make EV batteries, phones

NEW DELHI: India on Tuesday said there would be no import duties on several goods used to manufacture electric...

Published 25 Mar, 2025 05:02pm

Companies

Merck signs deal with Jiangsu Hengrui worth up to $2 billion for access to heart drug

Merck has signed a licensing deal with Jiangsu Hengrui Pharmaceuticals worth up to $2 billion for its experimental...

Published 25 Mar, 2025 04:44pm

Stocks

Indian benchmarks end little changed after six-session rally

India’s equity benchmarks settled little changed on Tuesday, cooling off after a six-session rally that erased their...

Published 25 Mar, 2025 04:39pm

Stocks

Sri Lankan shares close largely flat as losses in IT offset other gains

Sri Lankan shares ended largely flat on Tuesday, as gains in communication services and materials were offset by...

Published 25 Mar, 2025 04:31pm

Commodities

Copper drifts higher, still under the spell of Trump tariffs

LONDON: Copper prices extended gains on Tuesday as traders kept up speculative buying based on expected U.S....

Published 25 Mar, 2025 04:27pm

Commodities

Malaysian palm oil falls, tracking rivals

JAKARTA: Malaysian palm oil futures declined for a third session on Tuesday to its lowest closing in nearly two...

Published 25 Mar, 2025 04:25pm

Commodities

Gold price per tola sheds Rs800 in Pakistan

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

Published 25 Mar, 2025 03:08pm

Companies

OGDCL expands Reko Diq funding commitment to $627mn

Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has approved an increase in its...

Updated 25 Mar, 2025 10:17pm

Stocks

European shares rise ahead of key German survey on business sentiment

European shares rose on Tuesday as investors awaited a German survey that could indicate the recent historic debt...

Published 25 Mar, 2025 02:27pm

Stocks

Slow trading on major Gulf markets as US tariff worries weigh

Major stock markets in the Gulf were characterised by low volumes in Tuesday’s session, and traded lower, as...

Published 25 Mar, 2025 02:22pm

Samsung TV pioneer Han Jong-hee dead at 63

SEOUL: Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant’s television...

Published 25 Mar, 2025 02:15pm

Companies

POGC, PPL discover gas in Dadu’s Rafat-1 well

Kirthar Joint Venture comprising of Polish Oil and Gas Company (POGC) along with Pakistan Petroleum Limited (PPL)...

Updated 25 Mar, 2025 10:01pm

Industry

NTC generates Rs40 billion through anti-dumping duties in 25 years

Pakistan’s National Tariff Commission (NTC) has generated Rs40 billion through anti-dumping duties on the import of...

Updated 25 Mar, 2025 06:31pm

Statistics

Govt expects CPI inflation to lower further in March

Ministry of Finance expects slight uptick in inflation reading in April

Updated 25 Mar, 2025 10:53pm

Stocks

Australian shares end little changed as miners fall offsets broader gain

Australian shares ended Tuesday’s session nearly unchanged as a decline in heavyweight mining stocks overshadowed...

Published 25 Mar, 2025 11:49am

Cotton & Textile

Pakistan’s Sapphire Textile to acquire minority stake in UK-based RTS Textiles

Sapphire Textile Mills Limited, one of the country’s leading textile manufacturers, is set to expand its...

Updated 25 Mar, 2025 10:16pm

China’s Xiaomi raises $5.5 billion in share sale as EV plans ramped up

China’s Xiaomi Corp said on Tuesday it had raised $5.5 billion in an upsized share sale as the company pushes...

Published 25 Mar, 2025 11:09am

Thailand car production drops 13.6% y/y in February

BANGKOK: Car production in Thailand dropped 13.62% in February from a year earlier to 115,487 units due to weaker...

Published 25 Mar, 2025 10:25am

Stocks

KSE-100 closes marginally higher in cautious trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally higher on Tuesday, as investors...

Updated 25 Mar, 2025 09:56pm

Forex

Indonesia central bank says rupiah weakness reflects global, domestic factors

JAKARTA: The Indonesian rupiah’s fall to its lowest level against the dollar since June 1998 reflects both global...

Published 25 Mar, 2025 10:16am

Commodities

Altern Energy Limited calls for early termination of PPA due to operational losses

Altern Energy Limited has submitted a request to the Central Power Purchasing Agency (Guarantee) Limited (CPPA), for...

Updated 25 Mar, 2025 07:26pm

Commodities

London copper edges lower as firmer dollar weighs

NEW DELHI: Copper prices in London were marginally lower on Tuesday as a stronger dollar weighed, but a further fall...

Published 25 Mar, 2025 10:13am

Forex

Yuan drops to two-week low despite PBOC’s efforts as dollar firms

SHANGHAI: China’s yuan fell to a two-week low against the US dollar on Tuesday, as the central bank’s support...

Published 25 Mar, 2025 10:07am

Stocks

South Korean shares fall as losses in chipmakers overshadow automakers’ rally

The benchmark KOSPI was down 11.49 points, or 0.44%, at 2,620.58

Published 25 Mar, 2025 10:04am

Commodities

Malaysian palm oil falls, tracking rivals

JAKARTA: Malaysian palm oil futures declined for a third session on Tuesday, tracking rival vegetable oils in the...

Published 25 Mar, 2025 10:01am

Bullion Rate

Gold inches lower as Trump eases tariff threats, Fed cautious on rate cut

Gold edged down on Tuesday after US President Donald Trump stated that not all of his proposed tariffs would take...

Published 25 Mar, 2025 09:59am

Commodities

Wheat futures dip on favourable weather; traders eye Russia-Ukraine talks

BEIJING: Chicago wheat futures dropped on Tuesday, as improved weather forecasts in crucial growing regions tempered...

Published 25 Mar, 2025 09:57am

Exchange

Rupee records marginal decline against US dollar

Currency settles at 280.42 against greenback

Updated 25 Mar, 2025 05:07pm

Alibaba says to begin re-hiring, sees signs of start of AI bubble in the US

HONG KONG: Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with...

Published 25 Mar, 2025 09:51am

Stocks

Record debt sale from Indian states to send bond yields higher

MUMBAI: Indian government bond yields are expected to edge higher in early deals on Tuesday, as states are set to...

Published 25 Mar, 2025 09:42am

Energy

Mari Energies begins hydrocarbon production from KP’s Shewa discovery

Mari Energies Limited, formerly Mari Petroleum Company Limited (MARI), has commenced hydrocarbon production from...

Updated 25 Mar, 2025 04:06pm

Stocks

India’s benchmarks open higher as tariff fears eases

India’s benchmark indexes opened higher on Tuesday as tariff worries eased after US President Donald Trump said that...

Published 25 Mar, 2025 09:40am

Stocks

Japan’s Nikkei bounces as US tariff fears ease, yen softens

TOKYO: Japan’s Nikkei share average climbed more than 1% on Tuesday as indications that impending US tariffs against...

Published 25 Mar, 2025 09:38am

Stocks

Asian stocks rise on easing tariff worries; dollar perks up

SINGAPORE: Asian stocks rose on Tuesday, taking cues from the Wall Street, as the prospect of narrower-than-feared...

Published 25 Mar, 2025 09:35am

Forex

Data lifts dollar as Trump talks tariffs

SINGAPORE: The dollar hit a three-week high on the yen early on Tuesday and was firm across the board after some...

Published 25 Mar, 2025 09:32am

Energy

Oil rises for fifth day on supply concerns after Venezuela tariffs

TOKYO/SINGAPORE: Oil prices rose on Tuesday for a fifth day on concerns global supply will tighten after the US...

Updated 25 Mar, 2025 02:25pm

Industry

Zimbabwe envoy underscores need for strengthening economic ties

LAHORE: Ambassador of Zimbabwe Titus M.J. Abu Basutu stressed the need for strengthening economic relations between...

Published 25 Mar, 2025 07:41am

Key infrastructure projects: Azerbaijan keen to invest $2bn, Senate panel told

ISLAMABAD: The Senate Standing Committee on Planning, Development and Special Initiatives was informed that...

Published 25 Mar, 2025 07:34am

Stocks

PSX attains ISO certification for ISMS

KARACHI: The Pakistan Stock Exchange (PSX) has achieved the ISO 27001:2022 certification, the internationally...

Published 25 Mar, 2025 07:11am

Manufacturing of coaches for Railways: ICF signs accord with Chinese company

ISLAMABAD: Islamabad Carriage Factory (ICF) has entered into an agreement with the Chinese company, Changchun Car...

Published 25 Mar, 2025 06:59am

Minister, Dutch envoy discuss trade cooperation

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and the Dutch Ambassador to Pakistan Henny Fokel de Vries...

Published 25 Mar, 2025 06:53am

Taxes

KATI president recommends reforms to expand tax net

KARACHI: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has recommended that tax...

Published 25 Mar, 2025 06:51am

Many US firms expect Trump tariffs to push up prices: Fed

WASHINGTON: Businesses across the United States expect President Donald Trump’s tariff plans will force them to...

Published 25 Mar, 2025 05:37am

Fed officials back cautious policy approach in light of economic uncertainty

WASHINGTON: New York Federal Reserve President John Williams said on Friday the US central bank’s monetary policy...

Published 25 Mar, 2025 05:37am

Money & Banking

Asian currencies: Rupiah hits three-week low

BENGALURU: Indonesian stocks tumbled more than 4% and its currency hit a three-week low on Monday, as traders exited...

Published 25 Mar, 2025 05:37am

Money & Banking

Dollar gains on improving US business activity

NEW YORK: The dollar jumped to multi-week highs against the euro and yen on Monday after data showed US business...

Published 25 Mar, 2025 05:37am

Money & Banking

Yuan hits two-week low against dollar

SHANGHAI: China’s yuan hit a two-week low against the dollar on Monday on growing investor concerns about trade...

Published 25 Mar, 2025 05:37am

Companies

ZTBL and HBL Zarai Services sign MoU to strengthen farmers in Pakistan

ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) and HBL Zarai Services Limited have signed a Memorandum of...

Published 25 Mar, 2025 05:37am

MCB Bank partners with Fauree Tech to felicitate SMEs

Companies

Taxes

Return filing deadline extended

ISLAMABAD: The Federal Board of Revenue (FBR) has extended date for filing of Sales Tax and Federal Excise return...

Published 25 Mar, 2025 05:37am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Apr 1	149.58
USD to Swiss Franc / Apr 1	0.88
Pound Sterling to USD / Apr 1	1.29
Euro to USD / Apr 1	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
India Sensex / Apr 1	77,103.74
Tokyo Nikkei / Apr 1	35,624.48
Hang Seng / Apr 1	23,206.84
FTSE 100 / Apr 1	8,653.57
Germany DAX 30 / Apr 1	22,445.60
France CAC40 / Apr 1	7,860.39

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 1	71.27
Gold Spot USD/Ounce / Apr 1	3,158.40
Cotton US¢/pound / Apr 1	66.88
Petrol/Litre / Apr 2	254.63
Diesel/Litre / Apr 2	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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