Companies Rains return to UAE, PIA suspends flights to Dubai, Sharjah Pakistan International Airlines (PIA) on Thursday suspended flight operations to Dubai and Sharjah as heavy rains... Published 02 May, 2024 09:37pm
Industry LMC says ‘fully booked’ for KIA Stonic deliveries until September 2024 Lucky Motor Corporation (LMC), the assembler and seller of KIA cars in Pakistan, has announced that it is “fully... Published 02 May, 2024 09:01pm
Stocks Wall Street rises as Fed rate-hike concerns alleviate Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and... Published 02 May, 2024 08:08pm
Forex SBP-held foreign exchange reserves increase $25mn, now stand at $8bn IMF inflow of $1.1bn will reflect in dollar stockpile for week ending on May 3, according to central bank Updated 02 May, 2024 10:28pm
Companies Oracle updates database technology for AI chatbots Oracle on Thursday released an update to its database technology intended to make it more useful with artificial... Published 02 May, 2024 08:02pm
Stocks Gulf markets end mixed; Qatar hits six-month low Stock markets in the Gulf put in a mixed performance while the Qatari index hit a six-month low on Thursday after... Published 02 May, 2024 06:45pm
Commodities Asia rice: India prices hover near 3-month low on surplus supply Prices of rice exported from top hub India hovered around a three-month low on sluggish demand and abundant... Published 02 May, 2024 05:56pm
Stocks KSE-100 sees third successive session in the red, falls 445 points Bearish sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost nearly 450... Updated 02 May, 2024 06:59pm
Business & Economy Pakistan’s trade deficit shrinks 18% YoY to $19.5bn in 10MFY24 Exports increase by 9.1% to $25.3bn, while imports decline 4.1% to $44.8bn Updated 02 May, 2024 08:54pm
Energy Shell Pakistan launches Shell Lubricant Solutions Shell, the leading global supplier of finished lubricants for 17 consecutive years, has launched Shell Lubricant... Published 02 May, 2024 05:06pm
Stocks Indian shares log gains on less-hawkish Fed, easing oil prices BENGALURU: Indian shares advanced on Thursday as a less hawkish stance by the U.S. Federal Reserve on rate hikes... Published 02 May, 2024 04:59pm
Taxes Budget proposals: PBC calls for mining FBR data to identify new taxpayers The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has urged the... Updated 02 May, 2024 10:41pm
Commodities Copper retreats on concern over weak demand in China LONDON: Copper prices extended losses on Thursday, pressured by concern that the market’s surge to two-year highs... Published 02 May, 2024 04:51pm
Commodities Palm oil rallies following surge in India’s April imports JAKARTA/KUALA LUMPUR: Malaysian palm oil futures closed higher on Thursday following news of a jump in India’s... Published 02 May, 2024 04:35pm
Forex Ugandan shilling marginally firmer; dollar demand low KAMPALA: The Ugandan shilling was slightly firmer on Thursday, with demand for dollars flat from all sectors,... Published 02 May, 2024 03:40pm
Commodities Gold price per tola falls Rs900 in Pakistan Gold prices continued their downward trajectory in Pakistan for the fourth successive session on Thursday, in line... Updated 02 May, 2024 05:04pm
Mutual Funds Euro zone yields slip after Fed signals rates higher for longer LONDON: Euro zone bond yields edged lower on Thursday after the US Federal Reserve held interest rates steady and... Published 02 May, 2024 02:26pm
Companies Targeting GCC markets, TOMCL completes first phase of expansion Pakistani meat processor The Organic Meat Company Limited (TOMCL) has completed the first phase of its operations... Updated 02 May, 2024 08:15pm
Business & Economy Pakistan’s headline inflation decelerates further to 17.3% in April 2024 CPI-based figure is lowest in 23 months Updated 02 May, 2024 10:18pm
Stocks FTSE 100 lifted by strong earnings from Shell, StanChart Britain’s blue-chip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong... Published 02 May, 2024 01:51pm
Commodities Copper rises to trade near $10,000/T on softer dollar Copper prices rose on Thursday and hovered near a key resistance level of $10,000 a metric ton, supported by a... Published 02 May, 2024 01:49pm
Stocks European shares slip at open in earnings tide, Fed outcome European shares opened on a sombre note on Thursday as investors returned after a mid-week holiday to parse a slew... Published 02 May, 2024 01:43pm
Forex Kenyan shilling stable; to ease due to manufacturing sector FX demand NAIROBI: Kenya’s shilling was steady on Thursday and traders said the east African nation’s currency was expected to... Published 02 May, 2024 01:41pm
Forex South African rand strengthens as Fed keeps rates on hold JOHANNESBURG: The South African rand strengthened on Thursday after the US Federal Reserve held interest rates... Published 02 May, 2024 01:04pm
Stocks Hong Kong stocks flat at open HONG KONG: Hong Kong shares were barely moved at the open of trade Thursday as investors returned from a midweek... Published 02 May, 2024 12:34pm
Exchange Rupee largely stable against US dollar Currency settles at 278.3 against the US dollar in inter-bank market Updated 02 May, 2024 07:00pm
Novo Nordisk posts 3.4bn euro net profit in Q1 COPENHAGEN: Danish pharmaceutical giant and weight loss drugmaker Novo Nordisk said Thursday net profit had risen by... Published 02 May, 2024 11:37am
Companies Pak Suzuki announces up to Rs710,000 price drop for Swift variants In what the company titled “limited time offer”, Pak Suzuki Motor Company announced a price decrease of up to... Updated 02 May, 2024 09:47pm
Energy Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed... Published 02 May, 2024 11:04am
Bullion Rate Gold prices flutter higher as Fed holds rates steady Gold prices edged higher for a second straight session on Thursday after the Federal Reserve indicated that it is... Published 02 May, 2024 10:59am
Commodities Palm oil opens lower for second session, tracking weaker soyoil KUALA LUMPUR: Malaysian palm oil futures opened lower for the second straight session on Thursday after the Labour... Published 02 May, 2024 10:53am
Stocks Asia stocks rise as Fed tamps down hike fears; yen leaps SINGAPORE: Asian stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest... Published 02 May, 2024 10:51am
Forex Asian currencies edge higher, stocks fall after Fed hints rate cut delays Asian currencies jumped on Thursday while most equity markets in the region slipped after the US Federal Reserve... Published 02 May, 2024 10:44am
Microsoft to invest $2.2bn in cloud and AI services in Malaysia KUALA LUMPUR: Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country’s... Published 02 May, 2024 10:37am
Forex Australia, NZ dollars hold onto gains as Powell urges patience on rates SYDNEY: The Australian and New Zealand dollars held onto overnight gains on Thursday as the world’s most watched... Published 02 May, 2024 10:34am
Standard Chartered Q1 profit rises 5.5%, beats estimates HONG KONG/LONDON: Standard Chartered PLC posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating... Published 02 May, 2024 10:31am
Indonesia’s inflation rate eases slightly in April JAKARTA: Indonesia’s annual inflation rate cooled slightly in April as pressure from some food prices eased as the... Published 02 May, 2024 10:29am
Energy Bangladesh’s RPGCL seeks three LNG cargoes for June delivery, sources say SINGAPORE: Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking three... Published 02 May, 2024 10:26am
Mutual Funds Indian bond yields likely to dip tracking US yields on Fed rate stance MUMBAI: Indian government bond yields are expected to trend marginally lower on Thursday, mirroring similar moves in... Published 02 May, 2024 10:21am
Forex Indian rupee to be supported by dip in dollar after Powell’s push back on hikes MUMBAI: The Indian rupee on Thursday will be helped by a drop in the dollar after Federal Reserve Chair Jerome... Published 02 May, 2024 10:17am
Commodities Wheat inches higher as traders eye rains in Russia, US CANBERRA: Chicago wheat futures edged higher on Thursday as traders assessed whether rainfall in the US and Russian... Published 02 May, 2024 10:12am
Stocks Indian shares likely to open higher after Fed’s status quo, oil price fall BENGALURU: Indian shares are set to open higher on Thursday, after the US Federal Reserve kept interest rates... Published 02 May, 2024 10:06am
Stocks Japan’s Nikkei squeezes out modest gains as yen, Wall Street weigh TOKYO: Japan’s Nikkei share average eked out meagre gains on Thursday, with the yen’s sudden appreciation and a... Published 02 May, 2024 10:00am
Stocks Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps Australian stocks traded in a tight range on Thursday after the US Federal Reserve warned of delays to interest rate... Published 02 May, 2024 09:58am
Forex Yen gives up ground vs dollar following surge on suspected intervention TOKYO: The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the... Published 02 May, 2024 09:56am
Energy Oil prices rebound after closing at seven-week low LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since... Updated 02 May, 2024 06:02pm
SRB collects Rs185.2bn in 9MFY2023-24 KARACHI: Sindh Revenue Board (SRB) has collected Rs185.2 billion during the first nine months of 2023-24 showing an... Published 02 May, 2024 04:58am
Cement makers assail deteriorating law, order situation LAHORE: All Pakistan Cement Manufacturers Association (APCMA) has shown serious concerns over deteriorating law and... Published 02 May, 2024 04:58am
Taxes Admin Pool of FBR: PCS, IRS concerned over placement of senior-most officers ISLAMABAD: Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) conveyed their concerns to the tax... Updated 02 May, 2024 05:22am
Companies IGATEX Pakistan opens LAHORE: IGATEX Pakistan – country’s largest garment, textile & digital printing machinery and accessories... Published 02 May, 2024 04:58am
Companies IMARAT Group celebrates inauguration of new head office in Islamabad ISLAMABAD: In a significant stride towards real estate innovation, IMARAT Group inaugurated its new head office,... Published 02 May, 2024 04:58am
Industry Shaikh Rashid made convener of FPCCI body KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Shaikh Rashid Alam as the... Published 02 May, 2024 04:58am
Money & Banking Dollar slips before Fed meeting statement NEW YORK: The dollar slipped on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting,... Published 02 May, 2024 04:58am
Money & Banking Crypto washout sends bitcoin below $58,000 ahead of Fed decision LONDON: Bitcoin slid by almost 6 percent on Wednesday, having posted its worst monthly performance in April since... Published 02 May, 2024 04:58am
UBG calls for unified action to overcome economic challenges KARACHI: Pakistan is currently grappling with one of its most severe economic crises, prompting leaders from the... Published 02 May, 2024 04:58am
Industry OICCI Women Empowerment Awards 2023: Nestle Pakistan recognized KARACHI: Nestle Pakistan was recognised at the Overseas Investors Chamber of Commerce and Industry Women Empowerment... Published 02 May, 2024 04:58am
Industry PQAMC announces dividend of Rs1.4074 per unit for April KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) is a leading pure Islamic asset management company in... Published 02 May, 2024 04:58am
Real Estate TPL REIT Fund I: CEO Ali Asgher says optimistic about IPO’s prospects KARACHI: Ali Asgher, CEO of TPL REIT Management Company Limited (RMC) Ltd, expressed confidence that the Initial... Published 02 May, 2024 04:58am
Industry Flexible packaging films: IPAK CEO sees huge growth potential KARACHI: With over 250 million population which is rising each year, the largest flexible packaging films... Published 02 May, 2024 04:58am