Business & Finance

IMF reaffirms support for Pakistan’s bailout, calls for deesclation with India

The International Monetary Fund (IMF) on Thursday reiterated that its Executive Board meeting pertaining to...

S&P warns of elevated credit risks amid soaring Pakistan-India military tensions

S&P Global Ratings, an American credit rating agency, on Thursday warned that heightened tensions between...

Cherat Cement, Shirazi Investments plan to acquire majority stake in Rafhan Maize

Cherat Cement Company Limited (CCCL) and Shirazi Investments (Private) Limited have expressed their intention to...

Pakistan confirms use of Chinese J-10C jets to repel Indian aggression

Intra-day update: rupee registers improvement against US dollar

PSX bleeds amid Indo-Pak tensions: KSE-100 plunges over 8,000 points

Precious metals, jewellery: Import, export suspended for 2 months

China’s Baidu looks to patent AI system to decipher animal sounds

Euro zone bond yields edge higher after Fed warning, investors await BoE

Companies

Business & Finance

Cherat Cement, Shirazi Investments plan to acquire majority stake in Rafhan Maize

Published 08 May, 2025 12:45pm

Business & Finance

CCP allows 100pc acquisition of Trax Online Ltd by SLGL

Published 08 May, 2025 07:26am

Business & Finance

Secure Logistics gets CCP approval to acquire Trax Online

Published 07 May, 2025 02:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	281.52
USD PKR Interbank Buying / May 7	281.27
USD to Japanese Yen / May 8	144.45
USD to Swiss Franc / May 8	0.83
Pound Sterling to USD / May 8	1.33
Euro to USD / May 8	1.13
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 7	5,631.28
Nasdaq / May 7	17,738.16
Dow Jones / May 7	41,113.97
India Sensex / May 8	80,773.90
Tokyo Nikkei / May 8	36,928.63
Hang Seng / May 8	22,772.13
FTSE 100 / May 8	8,563.33
Germany DAX 30 / May 8	23,254.02
France CAC40 / May 8	7,658.17

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	16,985
Gold 10 Grams PKR / May 7	305,984
Petrol/Litre / May 8	252.63
Crude Oil USD/Barrel / May 8	58.29
Gold Spot USD/Ounce / May 8	3,339
Diesel/Litre / May 8	256.64
Cotton US¢/pound / May 8	67.25

Budget 2024-25: income tax calculator for FY25

Money / Banking

Dollar higher against yen, euro

Asian currencies rally on US-China trade hopes

Dollar trades lower, euro gains

Taxes

ATIR’s landmark order: Senior taxmen face FBR law director’s action

FTO receives 7,919 anti-FBR complaints only in April

EPBD asks govt to withdraw Tax Laws Ordinance

Industry

Canadian trade counsellor meets minister

‘US dollar dominance being fundamentally challenged’

Precious metals, jewellery: Import, export suspended for 2 months

Statistics

FY2024-25: achieving targeted primary surplus appears to be challenging, says SBP

SBP-held foreign exchange reserves increase $9mn to $10.21bn

Inflation in Pakistan drops to historic low at 0.3% in April 2025

Real Estate

FDI in real estate sector: Foreign investor recommends 10-year tax holiday

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Saudi residential real estate to attract $1.22 billion this year, consultancy says

Interest Rates

Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment

KIBOR falls after SBP cut policy rate

SBP reduces key interest rate by 100bps, takes it to 11%

Budgets

Markets

Aurangzeb hints at tax reforms for Pakistan’s salaried group

Updated 28 Jan, 2025 09:13pm

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

Updated 26 Jul, 2024 05:10pm

Business & Finance

AFF’s tax memorandum on federal & provincial finance acts, 2024

Published 06 Jul, 2024 01:48pm

Pakistan bonds gyrate

LONDON/KARACHI: Pakistan’s international bonds rose on Wednesday after India launched strikes on the country. The...

Published 08 May, 2025 06:21am

China’s Huawei to launch first laptop with self-developed Harmony operating system

BEIJING: China’s Huawei will launch its first laptop with the self-developed Harmony operating system on May 19, the...

Published 08 May, 2025 01:45pm

Industry

‘US dollar dominance being fundamentally challenged’

LAHORE: In a compelling analysis of the rapidly evolving global financial landscape, Zafar Iqbal, Vice President of...

Published 08 May, 2025 07:08am

Nintendo sees FY profit rising 13%, Switch 2 unit sales of 15 million

TOKYO: Nintendo on Thursday forecast operating profit would rise 13% to 320 billion yen ($2.22 billion) in the year...

Published 08 May, 2025 01:00pm

Forex

Indian rupee to recover; spotlight on India-Pakistan tensions

MUMBAI: The Indian rupee is likely to inch higher at the open on Thursday, with traders keeping an eye on tensions...

Published 08 May, 2025 12:56pm

China carmaker Geely shares rise nearly 7% after Zeekr unit offer

HONG KONG: Shares of Chinese automaker Geely Automobile jumped nearly 7% on Thursday after it offered to pay $2.2...

Published 08 May, 2025 12:54pm

Commodities

Iron ore slides on China demand worries, Sino-US tensions

BEIJING: Prices of iron ore futures dropped on Thursday as traders weighed fears of weakening demand from top...

Published 08 May, 2025 12:51pm

Forex

China’s yuan slips as PBOC guides currency lower

SHANGHAI: China’s yuan slipped against the dollar on Thursday after the central bank guided the currency much lower...

Published 08 May, 2025 12:50pm

South Asia

India’s appeal for investors dimmed

MUMBAI: The latest conflict between India and Pakistan may impact New Delhi’s efforts to pitch itself as a safe...

Published 08 May, 2025 06:21am

Stocks

Banks drag Australian shares lower after ANZ reports flat half-year earnings

Australian shares slipped on Thursday, dragged by banks, after lender ANZ Group reported flat first-half cash...

Published 08 May, 2025 12:25pm

Toyota sees 21% full-year profit decline as tariffs take a bite

TOKYO: Toyota Motor expects profit to decline by a fifth in the current financial year, it said on Thursday, as...

Published 08 May, 2025 11:57am

Commodities

Palm prices decline limited by Indian buying, short covering

JAKARTA: Malaysian palm oil futures fell on Thursday, continuing their decline for an eighth session and hitting...

Published 08 May, 2025 11:55am

Commodities

South Korea’s KFA bought up to 70,000 T corn in private deal, traders say

HAMBURG: The Korea Feed Association (KFA) in South Korea is believed to have purchased about 65,000 to 70,000 metric...

Published 08 May, 2025 11:53am

Stocks

China, HK stocks hover near 1-month highs as Beijing’s stimulus soothes trade anxiety

SHANGHAI: China and Hong Kong stocks flirted with one-month highs on Thursday, recovering ground lost since US...

Published 08 May, 2025 11:52am

OpenAI in talks to hire senior executive for major leadership role, The Information reports

OpenAI is in talks with a senior technology executive to oversee some of the company’s divisions in a major...

Published 08 May, 2025 11:51am

Bullion Rate

Gold rises as Fed flags economic uncertainty; Sino-US trade talks in focus

Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling...

Published 08 May, 2025 11:44am

Agriculture and Allied

Rabi, Kharif crop seasons: ‘Export of surplus urea fertilizer only after assessing requirements’

ISLAMABAD: Minister for National Food Security and Research on Wednesday said that the decision to export surplus...

Updated 08 May, 2025 07:11am

MENA

Emirates airline posts record annual profit on strong travel demand

Says it is most profitable aviation group globally in 2024-25 reporting period

Updated 08 May, 2025 03:02pm

Forex

Australia, NZ dollars bounce on hopes for progress in US tariff stalemate

SYDNEY: The Australian and New Zealand dollars bounced on Thursday, as hopes for progress in US trade talks globally...

Published 08 May, 2025 11:13am

BOJ split over how US policies impact rate hikes, March minutes show

TOKYO: Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates...

Published 08 May, 2025 11:09am

Philippines Q1 GDP grows 5.4% y/y, below expectations

MANILA: The Philippine economy grew by an annual 5.4% in the first quarter of 2025 from a year earlier, official...

Published 08 May, 2025 11:06am

Forex

Malaysia’s ringgit leads Asian FX losses ahead of BNM rate decision

The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank’s expected rate...

Published 08 May, 2025 11:05am

Commodities

Chicago soybeans, wheat rise amid trade deal hopes, US-China talks

BEIJING: Chicago soybean and wheat futures gained on Thursday after US President Donald Trump hinted at a potential...

Published 08 May, 2025 11:04am

Mutual Funds

Indian bond yields seen steady as traders stay put amid India-Pakistan tensions

MUMBAI: Indian government bond yields are expected to trade sideways in early deals on Thursday, as traders will...

Published 08 May, 2025 11:01am

Stocks

Japan’s Nikkei rises; NTT Data set to surge on takeover report

TOKYO: Japan’s Nikkei share average edged up on Thursday as chip-related shares tracked a rally in US semiconductor...

Published 08 May, 2025 10:54am

26th edition of ITCN Asia from 9th at Expo Centre

LAHORE: The 26th edition of ITCN Asia, Pakistan’s IT and telecom expo and conference, will take place on May 9 to...

Published 08 May, 2025 07:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	281.52
USD PKR Interbank Buying / May 7	281.27
USD to Japanese Yen / May 8	144.45
USD to Swiss Franc / May 8	0.83
Pound Sterling to USD / May 8	1.33
Euro to USD / May 8	1.13
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 7	5,631.28
Nasdaq / May 7	17,738.16
Dow Jones / May 7	41,113.97
India Sensex / May 8	80,773.90
Tokyo Nikkei / May 8	36,928.63
Hang Seng / May 8	22,772.13
FTSE 100 / May 8	8,563.33
Germany DAX 30 / May 8	23,254.02
France CAC40 / May 8	7,658.17

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	16,985
Gold 10 Grams PKR / May 7	305,984
Petrol/Litre / May 8	252.63
Crude Oil USD/Barrel / May 8	58.29
Gold Spot USD/Ounce / May 8	3,339
Diesel/Litre / May 8	256.64
Cotton US¢/pound / May 8	67.25

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 8 B.F. Modaraba(BFMOD)	7.40 ▲ 0.89 (13.67%)
786 Invest Ltd / May 8 786 Investments Limited(786)	9.50 ▲ 1 (11.76%)
Tri-Star Mutual / May 8 Tri-Star Mutual Fund Limited(TSMF)	9 ▲ 0.88 (10.84%)
First Tri-Star Mod. / May 8 First Tri-Star Modaraba(FTSM)	12.83 ▲ 1.17 (10.03%)
Idrees Tex. / May 8 Idrees Textile Mills Limited(IDRT)	18.77 ▲ 1.71 (10.02%)
Mandviwala / May 8 Mandviwala Mauser Plastic Industries(MWMP)	20.12 ▲ 1.83 (10.01%)
Khyber Textile / May 8 Khyber Textile Mills Limited(KHYT)	668.07 ▲ 60.73 (10%)
PIA Holding Co.B / May 8 PIA Holding Company Limited B(PIAHCLB)	7,032.03 ▲ 639.28 (10%)
Shakarganj / May 8 Shakarganj Limited(SML)	63.25 ▲ 5.75 (10%)
Gillette Pak / May 8 Gillette Pakistan Limited(GLPL)	237.19 ▲ 21.56 (10%)

Stock	Price
Grays Leasing / May 8 Grays Leasing Limited(GRYL)	3.79 ▼ -1 (-20.88%)
Dewan Farooque Sp. / May 8 Dewan Farooque Spinning Mills Limited(DFSM)	2.49 ▼ -0.61 (-19.68%)
Unicap Modaraba / May 8 Unicap Modaraba(UCAPM)	2.30 ▼ -0.55 (-19.3%)
Cresent Jute / May 8 Crescent Jute Products Limited(CJPL)	2.48 ▼ -0.56 (-18.42%)
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	4.02 ▼ -0.85 (-17.45%)
Al-Shaheer Corp / May 8 Al Shaheer Corporation Limited(ASC)	5 ▼ -1 (-16.67%)
Tri-Star Power / May 8 Tri-Star Power Limited(TSPL)	5.12 ▼ -1 (-16.34%)
D.S. Ind. Ltd. / May 8 D.S. Industries Limited(DSIL)	3.56 ▼ -0.66 (-15.64%)
Chenab Ltd / May 8 Chenab Limited(CHBL)	4.91 ▼ -0.91 (-15.64%)
Kohinoor Power / May 8 Kohinoor Power Company Limited(KOHP)	5.25 ▼ -0.97 (-15.59%)

Stock	Volume
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	75,963,488 ▼ -0.09
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	26,280,146 ▼ -0.85
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	22,550,495 ▼ -0.26
B.O.Punjab / May 8 The Bank of Punjab(BOP)	22,216,267 ▼ -0.61
Maple Leaf Cement / May 8 Maple Leaf Cement Factory Limited(MLCF)	17,668,694 ▼ -5.52
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	17,649,574 ▼ -0.78
Fauji Cement / May 8 Fauji Cement Company Limited(FCCL)	16,939,280 ▼ -2.83
Sui South Gas / May 8 Sui Southern Gas Company Limited(SSGC)	15,004,501 ▼ -3.25
Pak Int.Bulk / May 8 Pakistan International Bulk Terminal(PIBTL)	13,775,832 ▼ -0.81
Fauji Foods Ltd / May 8 Fauji Foods Limited(FFL)	11,508,586 ▼ -1.19

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