Latest news with #Rs0.10
Express Tribune
3 days ago
- Business
- Express Tribune
Inflation risks mount despite macro stability
Listen to article The latest monthly economic outlook report has raised concerns about a potential increase in inflation ahead of the upcoming budget. Inflation for the current month is expected to remain between 1.5% and 2%, with a possible rise to 3-4% next month. In April, the annual inflation rate stood at a low 0.3%. The report highlights continued growth in exports and remittances, along with a gradual recovery in large-scale manufacturing. Production of vehicles and imports of raw materials have increased, although large-scale manufacturing recorded a 1.47% decline between July and March. Favourable weather conditions and additional water supply are expected to boost agricultural output, which should contribute positively to overall economic growth. Remittances grew by 30.9% over ten months, reaching $31.21 billion, while exports increased by 6.8%, totalling $27.27 billion between July and April. The current account remained in surplus at $188 million. Imports rose by 11.8% to $48.61 billion. However, foreign direct investment dropped by 2.8% to $178 million. Tax revenue increased by 26.3% to Rs930 billion, and non-tax revenue surged by 69.9% to Rs409.9 billion. Meanwhile, the State Bank of Pakistan's (SBP) foreign exchange reserves rose to $11.4 billion. Overall, the report signals cautious optimism for economic growth amid inflationary pressures. The SBP's foreign exchange reserves increased by $70 million during the week ended May 23, 2025, reaching $11.516 billion, according to data released on Thursday, according to the SBP's latest data. The country's total liquid foreign reserves stood at $16.637 billion. Of this, $5.121 billion was held by commercial banks, while the SBP accounted for the remaining $11.516 billion. Rupee records slight gain Meanwhile, the Pakistani rupee regained slightly against the US dollar, gaining 0.04% in the interbank market on Thursday. By the end of trading, the rupee closed at 282.07, improving by Rs0.10 against the dollar. The interbank market remained closed on Wednesday due to the Yaum-e-Takbeer holiday. On Tuesday, the rupee had ended at 282.17. The US dollar strengthened sharply on Thursday after a court struck down former President Donald Trump's proposed Liberation Day import tariffs, posting strong gains against the euro, yen, and Swiss franc. Gold remains steady Moreover, gold prices in Pakistan remained steady on Thursday, mirroring the international market where prices edged higher amid volatile trading, supported by weaker US jobs data and a court decision blocking key tariffs imposed during former President Donald Trump's term. Locally, the price of gold per tola held firm at Rs349,300, while the rate for 10 grams also remained unchanged at Rs299,468, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, the per tola price had climbed by Rs1,400 to reach Rs349,300. Commenting on market trends, Adnan Agar, Director at Interactive Commodities, said the market hit a low of $3,250 and a high of $3,320 before settling at $3,300. He noted that the market did rebound from its low, but a close above the $3,330-$3,340 range is crucial to maintain stability. If it falls below the $3,270-$3,260 mark, prices could slide further to $3,220 or even $3,200, he warned. Globally, gold prices rose in volatile trading on Thursday, aided by softer jobs data, while market participants also digested a court ruling that blocked most of US President Donald Trump's tariffs, according to Reuters. Spot gold reversed course to rise 0.9% to $3,319.22 an ounce, as of 1337 GMT, after hitting its lowest since May 20 earlier in the session.
Business Standard
4 days ago
- Automotive
- Business Standard
Tunwal E-Motors Limited (NSE SYMBOL: TUNWAL) Achieves 75% Revenue Growth in FY 25 to Rs184.86 Cr
PNN Mumbai (Maharashtra) [India], May 29: Tunwal E-Motors Ltd (NSE - Tunwal), a leading electric two-wheeler manufacturer in India, has delivered an outstanding performance in FY 2024-25 with a 75.17% increase in revenue, totaling Rs184.86 crore, compared to Rs105.53 crore in the previous fiscal year. This significant growth highlights the company's strong foothold in the rapidly evolving electric mobility space. Tunwal also reported a net profit of Rs11.85 crore for FY25, with Earnings Per Share (EPS) at Rs2.32. The Board of Directors declared a final dividend of Rs0.10 per share, reflecting confidence in the company's long-term growth and profitability. Strong H2 Performance and Channel Expansion In the second half of FY25 alone, Tunwal registered Rs109.41 crore in revenue, representing a robust 82.28% year-on-year growth. Net profit for the period stood at Rs6.47 crore. This performance is backed by growing demand, expanding dealer networks, and rising brand trust. Successful Participation at Auto Cluster Expo 2025 | Strengthens Market Expansion with 200+ units B2B Orders at Auto Cluster Expo Tunwal's impactful participation at the Auto Cluster Expo 2025, held from 23rd to 25th May 2025, showcased the company's momentum in both consumer and business segments. Tunwal generated direct and measurable returns. On the B2B front, over 200 electric two-wheeler orders were placed by dealers, with exclusive rewards offered on select volumes. Additionally, 2 vehicles were sold directly to consumers (B2C), validating rising walk-in interest and market pull.
