Money & Banking Bank holiday: SBP to remain closed on July 1 The State Bank of Pakistan (SBP) will remain closed for public dealing on Monday, July 1, 2024, which shall be... Published 28 Jun, 2024 11:09pm
Stocks Wall Street jumps after cooling inflation data US stocks rose broadly on Friday after an in-line inflation report strengthened hopes for interest rate cuts in... Published 28 Jun, 2024 07:54pm
Stocks KSE-100 closes nearly flat on last day of FY2023-24 In FY2023-24, benchmark index shows 89% growth Updated 28 Jun, 2024 07:48pm
Stocks UAE markets jump on strong oil prices Stock markets in the United Arab Emirates closed higher on Friday, tracking oil prices on worries that a potential... Published 28 Jun, 2024 06:49pm
Stocks Sri Lanka shares end lower as energy, consumer staples drag; June inflation rises CSE All-Share index settled 0.37% lower at 12,143.76 Published 28 Jun, 2024 06:46pm
Energy Global LNG: Asia spot prices buoyed by hot summer weather forecasts SINGAPORE: Asian spot liquefied natural gas (LNG) prices held steady this week as forecasts of higher temperatures... Published 28 Jun, 2024 05:14pm
South Asia India’s fiscal deficit in April-May at $6.1bn NEW DELHI: India’s fiscal deficit for the first two months of the current financial year that started April 1 stood... Published 28 Jun, 2024 05:10pm
Money & Banking India’s forex reserves rise to $653.71 billion as of June 21 MUMBAI: India’s foreign exchange reserves rose by $810 million and stood at $653.71 billion as of June 21, data from... Published 28 Jun, 2024 05:04pm
Stocks Indian shares off record highs but post best month in 2024 BENGALURU: India’s benchmark equity indexes came off record highs on Friday, but ended the month with their best... Published 28 Jun, 2024 04:59pm
Commodities Copper rebounds on rate cut hopes, technical buying LONDON: Copper prices rose on Friday ahead of U.S. inflation data that could support future rate cuts and as some... Published 28 Jun, 2024 04:54pm
Commodities Palm oil clocks first weekly rise in four BEIJING: Malaysian palm oil futures ended higher for a third session on Friday, snapping a three-week decline, on... Published 28 Jun, 2024 04:49pm
Business & Economy Brokerage houses see inflation rate in Pakistan to go over 12% in June Two brokerage houses said they see CPI-based inflation reading inching slightly higher, and hovering around 12-13%... Updated 28 Jun, 2024 11:58pm
Commodities Gold price per tola increases Rs700 in Pakistan Gold prices in Pakistan continued to register gains for the second consecutive session, in line with an increase in... Published 28 Jun, 2024 03:32pm
Companies Pakistan’s Ismail Industries to set up subsidiary in UAE Offering a business-friendly environment, the UAE has emerged as the top destination for Pakistani corporations as... Updated 28 Jun, 2024 10:29pm
Stocks Europe stock markets open on mixed note LONDON: Europe’s main stock markets were mixed at the start of trading on Friday, as investors digested economic... Published 28 Jun, 2024 02:50pm
Business & Economy Govt passes tax-laden budget ahead of talks on fresh IMF loan Some amendments part of the final budget Updated 28 Jun, 2024 11:57pm
Forex South African rand gains as cabinet announcement wait drags on JOHANNESBURG: The South African rand clawed back some losses in early trade on Friday, as the wait for the... Published 28 Jun, 2024 02:17pm
Stocks FTSE 100 opens higher, on track for fourth quarterly gain Britain’s blue-chip stock index opened higher on Friday, on course to log its fourth consecutive quarterly gain,... Published 28 Jun, 2024 01:48pm
Forex Rouble weakens after exporters complete forex sales for tax payments MOSCOW: The Russian rouble weakened against the dollar after exporters completed their forex sales to meet Friday’s... Published 28 Jun, 2024 01:45pm
Stocks China stocks seesaw as investors cautious on US presidential debate SHANGHAI: China stocks traded sideways after opening lower on Friday, as investors cautiously watched the first live... Published 28 Jun, 2024 12:20pm
Commodities Wheat set for biggest monthly drop in 2 years on harvest pressure SINGAPORE: Chicago wheat retreated on Friday from strong gains posted in the previous session, with the market on... Published 28 Jun, 2024 12:14pm
Commodities London copper set for biggest monthly fall since May 2023 Copper prices in London firmed on Friday, but were on track for their biggest monthly decline since May 2023 amid... Published 28 Jun, 2024 12:11pm
Commodities Palm oil gains, set to end three-week decline BEIJING: Malaysian palm oil futures rose for a third day on Friday, on course to snap a three-week decline,... Published 28 Jun, 2024 11:51am
Forex Australian dollar slips to 10-day low, bonds rally to end tough week SYDNEY: The Australian dollar fell to a 10-day low on Friday as markets pared the chance of a rate hike on dovish... Published 28 Jun, 2024 11:48am
Exchange Rupee sees marginal improvement against US dollar in final session of FY24 During FY24, PKR appreciated 2.8% YoY against the greenback overall Updated 28 Jun, 2024 08:46pm
Companies PTCL secures $400mn loan from IFC for Telenor Pakistan acquisition Pakistan Telecommunication Company Limited (PTCL) has secured debt financing of up to $400 million from the... Updated 28 Jun, 2024 05:35pm
Forex China’s yuan edges higher, traders digest US presidential debate HONG KONG: The yuan rose slightly against the dollar but remained near seven-month lows, with the first US... Published 28 Jun, 2024 10:26am
Stocks Asia shares eye five-month winning streak; yen buckles under dollar strength SINGAPORE: Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view... Published 28 Jun, 2024 10:24am
Stocks Australian shares set to post modest H1 gains as economic woes weigh Australian shares rose on Friday, setting up the benchmark index for modest gains for the first half of the year, as... Published 28 Jun, 2024 10:15am
Bullion Rate Gold set for third quarterly gain; traders await US inflation data Gold prices eased on Friday, but were set for a third straight quarterly rise, while investors look forward to US... Published 28 Jun, 2024 10:09am
Stocks Japan’s Topix hits 34-year peak as banks advance, tech rebounds TOKYO: Japan’s Topix stock index climbed to a 34-year high on Friday, as banks gained amid a gradual rise in... Published 28 Jun, 2024 10:06am
Mutual Funds Indian bond traders expect index-related flows in debt, yields flattish MUMBAI: Indian government bond yields were flattish in early trades on Friday, as market participants expected... Published 28 Jun, 2024 10:04am
Forex Indian rupee eyes bond inflows; US inflation data on tap MUMBAI: The Indian rupee on Friday will likely be helped by the expected inflows from the inclusion of the nation’s... Published 28 Jun, 2024 10:01am
Stocks India’s Nifty 50 set to hit record high; Reliance in focus BENGALURU: India’s benchmark Nifty 50 index is set to hit a record high at the open on Friday, while oil-to-telecom... Published 28 Jun, 2024 09:58am
Forex Dollar barges past 161 yen and eyes quarterly rise SINGAPORE: The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the... Published 28 Jun, 2024 09:54am
Energy Oil rises on rate cut hopes, higher margins; poised for third weekly gain Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing... Updated 28 Jun, 2024 02:38pm
Vision digitization: Huawei ready to share its experience with Pakistan SHANGHAI: When the world is ready to mark 2024 as the first year of commercial 5.5G and the integration of AI into a... Published 28 Jun, 2024 05:41am
Central Asian states can be beneficiary of CPEC: Aleem ISLAMABAD: Ambassador of Azerbaijan to Pakistan Khazar Farhadov called on Federal Minister for Privatization, Board... Published 28 Jun, 2024 05:41am
Governor gives assent to Punjab Finance Bill 2024 LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval... Published 28 Jun, 2024 05:41am
Agriculture and Allied Punjab govt will provide Rs10bn loans to farmers: minister LAHORE: Punjab Minister for Agriculture and Livestock Syed Ashiq Hussain Kirmani on Thursday announced that the... Published 28 Jun, 2024 05:41am
OICCI says has identified ‘critical anomalies’ KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)... Updated 28 Jun, 2024 09:16am
Sri Lanka’s creditors demand deal details, including with China COLOMBO: Sri Lanka’s bilateral lenders who agreed to restructure close to $6 billion in loans have demanded... Published 28 Jun, 2024 05:41am
CDWP clears 26 uplift projects ISLAMABAD: The Central Development Working Party (CDWP) cleared as many as 26 development projects worth Rs900... Updated 28 Jun, 2024 09:18am
Bugti inaugurates Chaman Master Plan CHAMAN: Balochistan Chief Minister, Mir Sarfraz Bugti, on Thursday said that steps were being taken for the... Published 28 Jun, 2024 05:41am
Embrace SME financing as core business, SBP asks banks KARACHI: Saleemullah, Deputy Governor, State Bank of Pakistan (SBP) has termed the SME as lifeline of the economy ... Published 28 Jun, 2024 05:41am
Taxes e-invoicing integration: FBR grants licence to Haball ISLAMABAD: The Federal Board of Revenue (FBR) has granted license to M/s Haball (Pvt) Ltd, Karachi for the purpose ... Published 28 Jun, 2024 05:41am
Industry ECC approves proposal to launch ‘Risk Coverage Scheme for SMEs’ ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Finance Division’s proposal to... Published 28 Jun, 2024 05:41am
Companies NADRA to help KE enhance its service delivery ISLAMABAD: In a pioneering strategic partnership, the National Database and Registration Authority (NADRA) and... Published 28 Jun, 2024 05:41am
Taxes New taxation steps won’t hurt the poor: Sindh CM KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday assured the Sindh Assembly that new taxation will not... Updated 28 Jun, 2024 04:56pm
Taxes ‘Tax net will be broadened with FCCI’s cooperation’ FAISALABAD: Tax net would be broadened with the active cooperation of FCCI so that much needed revenue could be... Published 28 Jun, 2024 05:41am
Taxes NTDC: FBR fails to charge minimum tax on turnover LAHORE: The Federal Board of Revenue (FBR) has failed to charge minimum tax on turnover from the National... Published 28 Jun, 2024 05:41am
Industry LCCI, SBP mark Micro, Small & Medium-sized Enterprises Day LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Thursday organized an important event in collaboration with... Published 28 Jun, 2024 05:41am
Industry IT industry: Higher taxation to give big boost to brain drain: FPCCI KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25... Published 28 Jun, 2024 05:41am
MENA Alif Investments CEO, who brought some major Pakistani brands to Dubai, believes ‘homework’ is key to success in emirate DUBAI: For the Pakistani diaspora living in Dubai, places that stoke memories and experiences from back home stand... Published 28 Jun, 2024 05:41am
Money & Banking US dollar retreats after weak economic data NEW YORK/LONDON: The yen edged up from a 38-year low against the US dollar on Thursday, helped by softening US... Published 28 Jun, 2024 05:41am
Money & Banking Most Asian currencies largely unchanged BENGALURU: South Korean shares lost more than 1% on Thursday to mark their worst day in more than two weeks after US... Published 28 Jun, 2024 05:41am
Companies Toyota, affiliates to offload some $1bn in Aisin shares TOKYO: Toyota Motor and two affiliates will sell 33.9 million shares in group supplier Aisin, the companies said on... Published 28 Jun, 2024 05:41am
Money & Banking EU watchdog calls out banks for inflating capital buffers LONDON: Banks in the European Union could be inflating the value of high-risk debt used to plug gaps in capital... Published 28 Jun, 2024 05:41am
Punjab govt to bring new investments: minister LAHORE: Punjab Industry and Commerce Minister Chaudhry Shafi Hussain has said that the Punjab government would... Published 28 Jun, 2024 05:41am
Taxes PTA rejects discriminatory taxation in Federal Budget 2024 -25 ISLAMABAD: Pakistan Tea Association (PTA) has expressed his profound concerns and apprehensions vis-a-vis proposed... Published 28 Jun, 2024 05:41am
Industry CM Maryam for developing SMEs LAHORE: Terming the investment in small businesses essential for economic stability and prosperity, Chief Minister... Published 28 Jun, 2024 05:41am
