Business & Finance

Bank Alfalah reports Rs39.9bn profit in 2024

Bank Alfalah saw its consolidated profit jump to Rs39.9 billion during 2024, which is over 10% higher than its...

Policy measures successfully curbing inflation: Finance Division

The Finance Division has said that policy interventions and administrative actions have successfully controlled...

Court approves Bank Makramah’s Rs10bn settlement with Omni Group

In a significant breakthrough for Bank Makramah Limited (BML), a court has accepted a settlement application for the...

Intra-day update: rupee registers marginal improvement against US dollar

Positivity returns to PSX, KSE-100 gains over 1,400 points

PM urges foreign investors: come and invest here

Saudi bank to finance CRBC Left Canal project: KP Governor

OICCI presents climate excellence awards to ‘eco-warriors’

Nasir vows facilitation: Chinese co to invest $340m in manufacturing, charging plants

Companies

Business & Finance

Bank Alfalah reports Rs39.9bn profit in 2024

Published 30 Jan, 2025 01:54pm

Markets

Court approves Bank Makramah’s Rs10bn settlement with Omni Group

Published 30 Jan, 2025 12:07pm

Business & Finance

Sanofi meets estimates for fourth-quarter profit, plans 5 billion euros in buybacks

Published 30 Jan, 2025 11:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Budget 2024-25: income tax calculator for FY25

Money / Banking

Bank Alfalah reports Rs39.9bn profit in 2024

Court approves Bank Makramah’s Rs10bn settlement with Omni Group

US dollar firmer

Taxes

DG Excise directs actions against token tax defaulters

Registered persons, retailers: PRAL to provide free integration services

USA, Canada, Saudi Arabia, China ‘Overseas Pakistanis, foreigners timely filing complaints with FTO’

Industry

LCCI SVP meets Iranian CG: Need to enhance bilateral trade ties stressed

SACM KP reviews EZDMC six-month performance

PATDC & SCE: TDAP organises awareness session

Statistics

Policy measures successfully curbing inflation: Finance Division

SBP likely to deliver sixth straight rate cut to revive economy

Pakistan’s inflation expected to fall below 3% in January

Real Estate

Country Garden shares surge in resumed trade after near 10-month halt

Country Garden expects to reach terms with creditors in Feb, lawyer tells court

China’s property investment drops 10.6% in 2024, sales slump 12.9%

Interest Rates

Fed holds rates steady, drops reference to inflation ‘progress’ from policy statement

US Fed expected to hold rate steady despite Trump pressure to cut

Cut in interest rate: PBF describes SBP decision positive step for businessmen

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

Bullion Rate

Gold in tight range with focus on Trump policies, inflation data

Gold traded in a relatively narrow price range on Thursday as investors focused on US President Donald Trump’s...

Published 30 Jan, 2025 01:41pm

IMF’s managing director to visit Ethiopia for talks with authorities

NAIROBI: International Monetary Fund Managing Director Kristalina Georgieva will visit Ethiopia next week for talks...

Published 30 Jan, 2025 01:31pm

Insurance policy proceeds fall within definition of ‘tarka’

LAHORE: A higher appellate forum has held that the insurance policy proceeds fall within the definition of “tarka”...

Published 30 Jan, 2025 06:47am

ECB to cut rates again, keep door open to further easing

FRANKFURT: The European Central Bank is all but certain to cut interest rates on Thursday and is likely to keep open...

Published 30 Jan, 2025 12:56pm

Brazil central bank hikes rates by 100 bps, confirms same in March

BRASILIA: Brazil’s central bank raised its benchmark interest rate by 100 basis points for the second straight...

Published 30 Jan, 2025 12:28pm

India’s Tata Motors hits 14-month low as Q3 results spark demand concerns for JLR

Indian carmaker Tata Motors’ shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter...

Published 30 Jan, 2025 12:23pm

Wizz Air cuts annual profit forecast on rising costs

European low-cost airline Wizz Air cut its annual net income forecast for the second time in six months on Thursday,...

Published 30 Jan, 2025 12:20pm

Govt’s claims of improved economy rejected

KARACHI: Sharjeel Goplani, the patron-in-chief of the All City Tajir Ittehad on Wednesday criticised both the ...

Published 30 Jan, 2025 06:47am

Bank of England readies rate cut and could hint at more to come

The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect...

Published 30 Jan, 2025 11:59am

Mian Zahid holds IMF responsible for economic slowdown

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Published 30 Jan, 2025 06:47am

Telecom giant Nokia says net profit rose 89% in 2024

HELSINKI: Finnish telecommunications equipment giant Nokia reported on Thursday an 89 percent rise in net profit for...

Published 30 Jan, 2025 11:48am

Companies

Sanofi meets estimates for fourth-quarter profit, plans 5 billion euros in buybacks

French drugmaker Sanofi reported a fourth-quarter profit that came in-line with analysts’ estimates on Thursday, and...

Published 30 Jan, 2025 11:43am

Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target

FRANKFURT: Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit...

Published 30 Jan, 2025 11:41am

ABB boosted by data centre demand during fourth quarter

ZURICH: ABB said it was seeing strong demand for electrical products used by data centres needed for artificial...

Published 30 Jan, 2025 11:20am

Import surge seen curbing US economic growth in fourth quarter

WASHINGTON: U.S. economic growth likely slowed in the fourth quarter as imports surged and a strike at Boeing hurt...

Published 30 Jan, 2025 11:02am

Caixabank’s fourth quarter net profit rises 33% on higher fees

MADRID: Spain’s Caixabank said on Thursday its net profit rose 33% in the fourth quarter from the same period in...

Published 30 Jan, 2025 10:58am

Companies

Toyota sells 10.8 million vehicles in 2024 to remain world’s top-selling automaker

TOKYO: Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling...

Published 30 Jan, 2025 10:55am

Philippines Q4 GDP grows 5.2% y/y, below expectations

MANILA: The Philippine economy expanded an annual 5.2% in fourth quarter from a year earlier, official data showed...

Published 30 Jan, 2025 10:50am

Forex

Australia, NZ dollars remain hostage to rate and tariff risks

SYDNEY: The Australian and New Zealand dollars found a sliver of support on Thursday after three straight sessions...

Published 30 Jan, 2025 10:48am

Stocks

Commodity, tech lead Australian shares higher

Australian shares inched higher on Thursday, led by gains in commodity and technology stocks, while the US Federal...

Published 30 Jan, 2025 10:46am

Stocks

Japan’s Nikkei rises as chip-related shares gain on Advantest’s forecast

TOKYO: Japan’s Nikkei share average inched higher on Thursday, as investors snapped up chip-related shares after...

Published 30 Jan, 2025 10:45am

Commodities

Aluminium firms after EU proposes ban on imports from Russia

London aluminium edged higher on Thursday after the European Union proposed banning imports of the metal from Russia...

Published 30 Jan, 2025 10:43am

Mutual Funds

India bond yields seen little changed with focus on central bank debt buy

MUMBAI: Indian government bonds are expected trade largely unchanged in early Thursday deals, after the Federal...

Published 30 Jan, 2025 10:40am

Industry

LCCI SVP meets Iranian CG: Need to enhance bilateral trade ties stressed

LAHORE: In a significant step towards strengthening economic ties, Senior Vice President of the Lahore Chamber of...

Published 30 Jan, 2025 06:47am

Stocks

Indian shares set to open flat as traders assess Fed decision

India’s benchmark indexes are set for a muted open on Thursday, likely to track subdued Asian peers, after the U.S....

Published 30 Jan, 2025 08:30am

Forex

Pressure on Indian rupee to linger after Fed signals no hurry to cut rates

MUMBAI: The Indian rupee is likely to stay on the defensive on Thursday, after the U.S. Federal Reserve expectedly...

Published 30 Jan, 2025 08:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Leather Up Ltd. / Jan 30 Leather Up Limited(LEUL)	48.85 ▲ 4.44 (10%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)
Nazir Cotton Mills / Jan 30 Nazir Cotton Mills Limited(NCML)	11.20 ▼ -0.8 (-6.67%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	47,293,442 ▲ 2.56
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,115,901 ▲ 1.16
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.15
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,076,237 ▲ 0.23
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.09
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.69
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.69
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.01
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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