PM Shehbaz approves joint venture to transfer Chinese industries to Pakistan Premier says promotion of investment govt’s top priority Updated 26 Jun, 2024 10:18pm
Companies ‘Leveraging Dubai’s business-friendly environment’: Treet Corp incorporates subsidiary with DET Treet Corporation Limited has successfully incorporated its wholly-owned subsidiary, Treet Trading LLC, in Dubai,... Updated 26 Jun, 2024 10:32pm
South Asia Sri Lanka’s economic crisis and debt deal with bilateral creditors COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s... Published 26 Jun, 2024 03:15pm
Stocks Artificial intelligence firms lead Chinese shares higher SHANGHAI: Chinese shares rebounded on Wednesday, led by gains in artificial intelligence stocks, but the benchmark... Published 26 Jun, 2024 02:56pm
Stocks London stocks rebound on energy strength; Deliveroo rises on deal talks London stocks rebounded on Wednesday, supported by energy companies that tracked the rise in oil prices, while... Published 26 Jun, 2024 02:51pm
Stocks European shares gain, Aussie jumps, yen teeters near 160 LONDON: European stock markets were higher on Wednesday as the market braced for a French election and a key US... Published 26 Jun, 2024 02:49pm
Bullion Rate Gold price per tola decreases Rs900 in Pakistan Gold prices declined for the second straight session in Pakistan on Wednesday in line with the decrease in the... Published 26 Jun, 2024 01:06pm
Stocks Hong Kong stocks open with losses HONG KONG: Hong Kong shares started with losses Wednesday morning, with tech firms among the worst hit, as investors... Published 26 Jun, 2024 12:43pm
Stocks Bulls mark return, KSE-100 closes 335 points higher After two negative sessions, the Pakistan Stock Exchange (PSX) witnessed bullish sentiment on Wednesday as the... Updated 26 Jun, 2024 10:25pm
Cotton & Textile Pakistan’s Interloop to invest over $92mn on production, energy expansion Company eyes export target of $670.8 million in FY25 Updated 26 Jun, 2024 10:41pm
Miner BHP Group’s carbon emissions to rise slightly this year MELBOURNE: BHP Group’s operational carbon emissions are set for a “small increase” this financial year, an executive... Published 26 Jun, 2024 11:30am
Volkswagen’s $5bn investment in Rivian boosts EV maker’s shares SAN FRANCISCO: German automaker Volkswagen Group will invest up to $5 billion in US electric-vehicle maker Rivian as... Published 26 Jun, 2024 11:27am
Australia inflation jumps to 6 month high in May, ramps up rate hike risks SYDNEY: Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices... Published 26 Jun, 2024 11:05am
Indonesia central bank says guiding FX market by balancing supply and demand JAKARTA: Indonesia’s central bank is guiding the foreign exchange (FX) market by ensuring supply and demand are... Published 26 Jun, 2024 10:51am
Bullion Rate Gold prices muted with US inflation data in focus Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more... Published 26 Jun, 2024 10:47am
Commodities Wheat recovers from two-month low, US harvest pressure limits gains SINGAPORE: Chicago wheat bounced back on Wednesday, with the market recovering from a more than two-month low on... Published 26 Jun, 2024 10:45am
Commodities Copper edges lower on dollar strength, weak China demand outlook NEW DELHI: Copper futures eased on Wednesday as a stronger dollar and weak demand outlook in top consumer China... Published 26 Jun, 2024 10:33am
Forex China’s yuan eases to 7-month low on weak fixing, hawkish Fed SHANGHAI: China’s yuan weakened to a fresh seven-month low against a broadly stronger dollar on Wednesday, with a... Published 26 Jun, 2024 10:31am
Stocks Asian shares shaky as investors wary before US inflation data SINGAPORE: Asian stocks stuttered in choppy early trade on Wednesday as markets braced for a key US inflation... Published 26 Jun, 2024 10:21am
Commodities Palm oil extends losses to fourth day on dull export estimates BEIJING: Malaysian palm oil futures dropped for a fourth consecutive day on Wednesday to their lowest levels in... Published 26 Jun, 2024 10:18am
Exchange Rupee registers minor gain against US dollar Currency settles at 278.40 against greenback in inter-bank market Updated 26 Jun, 2024 10:24pm
Forex Indian rupee to focus on index inclusion, currency futures expiry MUMBAI: The Indian rupee is expected to open largely unchanged on Wednesday, focussing on the expiry of monthly... Published 26 Jun, 2024 10:16am
Mutual Funds Indian bond yields seen steady with focus on index inclusion MUMBAI: Indian government bond yields are expected to be largely unchanged in early trade on Wednesday, as investors... Published 26 Jun, 2024 10:14am
Forex Australian dollar rallies as inflation shock rings rate alarm SYDNEY: The Australian dollar popped higher on Wednesday after data showed inflation accelerated by much more than... Published 26 Jun, 2024 10:11am
Stocks Australian shares retreat 1% after strong inflation data Australian shares extended losses on Wednesday, after data showed strong cost pressures in the country in May, with... Published 26 Jun, 2024 09:53am
Stocks Indian shares set to open little changed; financials in focus BENGALURU: Indian shares, trading near record highs, are set to open flat on Wednesday, with financials in focus... Published 26 Jun, 2024 09:50am
Stocks Japan’s Nikkei surges to over two-month high on tech rally TOKYO: Japan’s Nikkei share average climbed over 1% to a more-than-two-month peak on Wednesday, as a rebound in US... Published 26 Jun, 2024 09:48am
Forex Steady dollar sends yen to the brink of 160 SINGAPORE: The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned... Published 26 Jun, 2024 09:46am
Energy Oil prices hold steady on inventory outlook, Middle East risks LONDON: Oil prices were stable on Wednesday at around $85 a barrel for Brent crude, amid forecasts for an eventual... Updated 26 Jun, 2024 06:45pm
Companies Joint venture to set up Google Chromebook assembly line in Pakistan KARACHI: National Radio & Telecommunication Corporation (NRTC), Allied, an Australian-based manufacturer of... Updated 26 Jun, 2024 10:29am
CDC relaxes fees for sub-account holders, CDS connection KARACHI: The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee... Updated 26 Jun, 2024 09:11am
Jewellery exports in jeopardy due to FBR’s policy: PGJTEA KARACHI: The export of gold jewellery from Pakistan is in jeopardy due to the Federal Board of Revenue's (FBR) new... Published 26 Jun, 2024 03:15am
Taxes Food items: Additional tax to increase pressure on masses: Mian Zahid KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 26 Jun, 2024 03:15am
Taxes IR field formations to remain open on 28th, 29th & 30th ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue field formations to remain open on June 28... Published 26 Jun, 2024 03:15am
Taxes Cos, AOPs and salaried class: Draft of e-IT return forms unveiled ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return forms for... Published 26 Jun, 2024 03:15am
FTR abolition to cause negative impact on economy: PFVA KARACHI: Pakistan Fruit and Vegetable Exporters Association (PFVA) has warned that abolition of the fixed tax regime... Published 26 Jun, 2024 03:15am
Taxes Bodies representing exporters flay taxation plans KARACHI: Pakistan’s all exports associations on Tuesday criticized the federal government for its taxation plans... Published 26 Jun, 2024 03:15am
Industry PCMEA team visits LCCI LAHORE: A delegation from the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) during a visit to the... Published 26 Jun, 2024 03:15am
Industry ACCA report explains how accountants help SMEs overcome challenges LAHORE: Empathy, adaptability and the human touch are vital to SMEs navigating through today’s dynamic and... Published 26 Jun, 2024 03:15am
Industry SVP FCCI says main objective of chamber is to resolve collective issues FAISALABAD: Every trade, sector and subsector has been given due representation through concerned standing ... Published 26 Jun, 2024 03:15am
Money & Banking US dollar gains NEW YORK: The US dollar rose against most major currencies on Tuesday, bolstered by hawkish comments from a Federal... Published 26 Jun, 2024 03:15am
Money & Banking Asian currencies: S Korea won, Indonesian rupiah rally MANILA: Most Asian currencies posted modest gains against the dollar on Tuesday as investors awaited key US events... Published 26 Jun, 2024 03:15am
Taxes 18pc sales tax on packaged milk: Senate proposal offers lifeline KARACHI: The National Budget 2024-25 originally proposed an 18% sales tax on packaged milk, a measure intended to... Published 26 Jun, 2024 03:15am
AJK govt unveils over Rs220bn FY2024-25 budget MIRPUR: The Azad Jammu & Kashmir (AJK) government on Tuesday presented a budget of over Rs 220 billion for the... Published 26 Jun, 2024 03:15am
Industry CCP approves acquisition of two products of Eisai by Hilton Pharma ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of two pharmaceutical products... Published 26 Jun, 2024 03:15am
Industry Federal Minister of Industries & Production visit Turkmenistan ISLAMABAD: Rana Tanveer Hussain, Federal Minister of Industries and Production, paid an official visit to... Published 26 Jun, 2024 03:15am
Industry Three governors from Nigeria's states visit LCCI LAHORE: Three governors from Nigeria's northern states visited the Lahore Chamber of Commerce and Industry and met... Published 26 Jun, 2024 03:15am
Companies ‘PSO Shaheen Program’ launched KARACHI: Pakistan State Oil (PSO), the nation’s leading Energy Company has announced the launch of the PSO Shaheen... Published 26 Jun, 2024 03:15am
Companies K2 Jubilee Expedition commences SKARDU: The K2 Jubilee Expedition, comprising a team of Pakistani and Italian women climbers, commenced with an... Published 26 Jun, 2024 03:15am