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Pakistan Aluminium Beverage Cans Limited (PABC) has cautioned that the ongoing closure of Pak-Afghan border crossings could weigh on its sales performance, as disruptions to regional trade routes threaten to impact its business operations in Afghanistan and Central Asia. The listed Pakistani can maker disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We would like to apprise the PSX and our esteemed stakeholders of certain recent developments in the regional landscape affecting Pak-Afghan trade routes. In view of the current tensions and hostilities along the border, all border crossings have been closed for commercial…

Gold prices rose in European trading on Wednesday, extending their gains for the fourth consecutive session and continuing to set new records, successfully trading above the 4,200-dollar-per-ounce mark for the first time in history.   This surge was supported by a decline in the US dollar against a basket of global currencies, particularly following recent comments by Federal Reserve Chairman Jerome Powell, which strengthened expectations of US interest rate cuts in October and December.   To reassess those expectations, global financial markets are now awaiting the release of key US inflation data for September in the coming days, which will…

CCL Holding (Private) Limited, a subsidiary of CCL Pharmaceuticals, has acquired a significant 40.63% shareholding in Mitchell’s Fruit Farms Limited, marking a significant change in the company’s ownership structure. According to a notice issued to the Pakistan Stock Exchange (PSX) on Wednesday, the transaction was executed on October 15, 2025, under a Share Purchase Agreement (SPA) dated May 14, 2025, which was later amended on July 18, 2025. Under the agreement, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar sold a total of 9,293,244 ordinary shares of Mitchell’s Fruit Farms Limited to CCL Holding (Private) Limited at a price of Rs180…

Record-high gold and silver prices fuelled by US-China friction have dented demand for the precious metal in key consumer market India, in the lead-up to the peak buying period for the Diwali festival.Gold was trading at US$4,197.5 per troy ounce on Wednesday afternoon, as a spike in US-China trade tensions fuelled investors’ demand for the asset, long seen as a safe-haven investment.The silver market has been gripped by a lack of liquidity, sparking a worldwide hunt for the metal. Prices hit a record US$53.60 per troy ounce on Tuesday and declined slightly to US$52.43 on Wednesday.India and China are two…

Swire Coca-Cola, the bottling partner of the American drinks maker, has become the first company in Hong Kong to use locally sourced recycled plastic for its products, giving a boost to the city’s circular economy efforts.New Life Plastics, the city’s first food-grade ready plastic bottle recycling facility, has started supplying Swire Coca-Cola with locally sourced recycled polyethylene terephthalate (rPET) needed to bottle its drinks. Until now, the drinks company sourced rPET from overseas. Coca-Cola launched its namesake fizzy drink in recycled plastic bottles in April last year.Swire Coca-Cola invested in New Life Plastics in December 2022. The company opened its…

South Korean defence giant Hanwha’s proposal to sell its anti-ship missile to the Philippines around the same time Beijing imposed sanctions on its shipbuilding sector represents Seoul leaning towards defence industry cooperation with Washington and its allies, analysts said.According to the Paris-based Naval News website, representatives from Hanwha said the company was willing to sell its forthcoming CTM-ASBM to the Philippines to meet “growing demand from customers seeking anti-ship capability”.“In response to growing demand from customers seeking anti-ship capability, we are currently developing the CTM anti-ship ballistic missile. Its probable customers will be countries with extensive coastlines, such as those…

Prime Minister Shehbaz Sharif on Wednesday expressed satisfaction over the staff-level agreement (SLA) reached between authorities in Islamabad and the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) for funding worth $1.2 billion. In a statement released by the Prime Minister’s Office (PMO), PM Shehbaz stated that the agreement reflects the improvement in Pakistan’s macroeconomic indicators and demonstrates the IMF’s confidence in the country’s rapidly improving economic situation. He added that the IMF’s satisfaction with Pakistan’s economic growth momentum and institutional reforms signifies the Fund’s trust in the government’s policies. The…

Qiyunfang, the SiCarrier unit, on Wednesday launched two EDA products – one for schematic capture and another for printed circuit board (PCB) design – at the three-day WeSemiBay Semiconductor Ecosystem Expo 2025 in Shenzhen that concludes on Friday.The development of new domestic EDA products reflected the Chinese semiconductor industry’s efforts to enhance self-sufficiency in chip design software, a market that is dominated by foreign suppliers Cadence Design Systems, Synopsys and Siemens EDA.Qiyunfang’s EDA products are compatible with a wide range of domestic operating systems, databases and middleware platforms, according to the company. The new EDA products have already been adopted…

Wall Street had one of its most profitable quarters ever, based on the earnings of four of the biggest US banks, as the companies were helped by a flurry of deal-making, soaring stock prices and a global economy that remains resilient amid tariffs and geopolitical upheaval.Despite the strong earnings reported on Tuesday by JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs, bank executives expressed various degrees of caution about the markets and the economy, including worries that asset prices in some markets were overinflated.“While there have been some signs of a softening, particularly in job growth, the US economy generally…

Gold prices in Pakistan climbed to another record high on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs440,900, a new all-time high, after an increase of Rs5,800 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs378,000 after it accumulated Rs4,972. On Tuesday, gold price per tola reached Rs435,100, a new all-time high, after an increase of Rs6,900 during the day. As per APGJSA, the international rate of gold also saw an increase today. The…