Prior actions for IMF programme largely complete, says Aurangzeb IMF also wants work on some structural benchmarks like a tax-to-GDP ratio, power sector, FBR, and SOE reforms Updated 01 Jul, 2024 11:42pm
Companies After ‘clarity on stock situation’, Lucky Motor opens Kia Stonic booking with Rs780,000 price increase Lucky Motor Corporation, formerly known as KIA Lucky Motors Pakistan, has re-opened the booking of its Kia Stonic... Published 01 Jul, 2024 07:12pm
Energy MARI drills another appraisal well in Sindh Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully... Published 01 Jul, 2024 04:34pm
Stocks SIUT Trust takes physical possession of Karachi’s Regent Plaza Pakistan Hotels Developers Limited (PHDL) has handed over physical possession of Regent Plaza, a four-star hotel in... Updated 01 Jul, 2024 07:16pm
Business & Economy We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the... Updated 01 Jul, 2024 07:03pm
Stocks China stocks gain on quickening factory activity SHANGHAI: China stocks rose on Monday, after a private sector survey showed China’s manufacturing activity grew at... Published 01 Jul, 2024 02:28pm
Stocks Major Gulf bourses track oil prices higher Major bourses in the Gulf rose in early trade on Monday, with the Saudi index leading gains on concerns of a fuel... Published 01 Jul, 2024 02:24pm
Financial JGB yields rise as global politics add to pressure from yen TOKYO: Japanese government bond yields rose on Monday as a weak yen stoked expectations for tighter Bank of Japan... Published 01 Jul, 2024 01:51pm
Commodities Gold price per tola decreases Rs200 in Pakistan Gold prices declined in Pakistan on Monday in line with the decrease in the international rate. In the local market,... Updated 01 Jul, 2024 06:27pm
Business & Economy Pakistan’s headline inflation increases pace, clocks in at 12.6% in June 2024 Average CPI inflation reading in FY24 clocks in at 23.4% Updated 01 Jul, 2024 07:03pm
Commodities Palm tracks rival edible oils higher JAKARTA: Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries... Published 01 Jul, 2024 01:28pm
Stocks South Korean shares rise on robust data; battery, biopharma stocks jump KOSPI closed up 6.49 points, or 0.23%, at 2,804.31 Published 01 Jul, 2024 01:17pm
Stocks European stocks rally after first round of French vote European stocks rallied on Monday, with French shares leading the way after the far-right National Rally (RN) party... Published 01 Jul, 2024 01:10pm
Stocks London stocks climb on real estate support; election in focus London stocks kicked off the week on an upbeat note, supported by real estate shares and tracking gains from the... Published 01 Jul, 2024 01:06pm
Commodities London copper eases on high inventory pressure Copper prices eased in London on Monday on rising inventories, but physical demand in China has been picking up and... Published 01 Jul, 2024 01:02pm
Forex South African rand gains after Ramaphosa announces new cabinet JOHANNESBURG: South Africa’s rand strengthened in early trade on Monday after President Cyril Ramaphosa announced... Published 01 Jul, 2024 01:00pm
Energy OGDC revitalises oil & gas well in KPK Oil and Gas Development Company Limited (OGDCL) has successfully revitalised production from Nashpa-4 located in... Updated 01 Jul, 2024 04:23pm
Asia Equity Positive sentiment at PSX amid anticipation of new IMF programme Positive sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index gained nearly 400... Updated 01 Jul, 2024 07:18pm
Bullion Rate Gold holds ground as slowing inflation boosts Fed rate-cut bets Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal... Published 01 Jul, 2024 11:02am
Commodities Japanese rubber futures extend declines on weaker Thai prices SINGAPORE: Japanese rubber futures fell for a second session on Monday, tracking weaker physical prices in top... Published 01 Jul, 2024 10:52am
Currency Indian rupee to focus on US data after index flows underwhelm MUMBAI: The Indian rupee is expected to open largely unchanged on Monday, mixed Asian peers were mixed, with the... Published 01 Jul, 2024 10:22am
Commodities Iron ore ticks up on better China data, stimulus hopes BEIJING: Iron ore futures prices rose on Monday, helped by better-than-expected factory data in top consumer China... Published 01 Jul, 2024 10:18am
Forex Australia, NZ dollars edge up on dollar, give back on euro SYDNEY: The Australian and New Zealand dollars started the week on the front foot as a cooling in a key U.S.... Published 01 Jul, 2024 10:14am
Financial Indian bond yields marginally higher tracking Treasury moves MUMBAI: Indian government bond yields moved up at the start of the new quarter, following Treasury yields, while... Published 01 Jul, 2024 10:03am
Stocks Australian shares start second half of year on cautious note before RBA minutes Australian shares closed lower on Monday, starting the second half of 2024 on a sombre note, as political... Updated 01 Jul, 2024 01:22pm
Stocks Asia stocks stutter, euro rises after first round vote in France SINGAPORE: Asian stocks were subdued on Monday as traders pondered the U.S rates outlook, while the euro rose after... Published 01 Jul, 2024 09:54am
Stocks Japan’s Nikkei surrenders most early gains as BOJ data lifts rate-hike bets TOKYO: Japan’s Nikkei share average gave up most of its early gains to end little changed on Monday, as the central... Updated 01 Jul, 2024 01:12pm
Stocks Indian shares muted at the open; June auto sales in focus BENGALURU: Indian shares opened largely flat on Monday, with the focus on auto companies’ sales data for June. The... Published 01 Jul, 2024 09:47am
Energy Oil prices lifted by summer demand hopes Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were... Updated 01 Jul, 2024 07:01pm
Forex Euro rises after France’s first-round vote, yen struggles SINGAPORE: The euro rose on Monday after the first round of France’s snap election put the far-right in pole... Published 01 Jul, 2024 09:41am
President gives his assent to Finance Bill 2024 ISLAMABAD: President Asif Ali Zardari has accorded his approval to Finance Bill 2024 on the advice of the Prime... Published 01 Jul, 2024 07:01am
Stocks Healthy foreign buying in PSX during FY24 KARACHI: The improving economic indicators, successful initiation and completion of the IMF Standby Agreement and... Updated 01 Jul, 2024 08:50am
BIS sends govt debt warning before important elections LONDON: The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of... Published 01 Jul, 2024 07:01am
Petrol price hiked by Rs7.45, diesel’s by Rs9.56 ISLAMABAD: The federal government on Sunday announced a substantial raise in ex-depot rates of all petroleum ... Published 01 Jul, 2024 07:01am
Industry Aquaculture has potential to earn billions of dollars: Expert PESHAWAR: Aquaculture industry has potential to generate billions of US dollars through export beside provision of... Published 01 Jul, 2024 07:01am
Pak-Afghan trade: Businessmen demand implementation of TAD plan PESHAWAR: Businessmen dealing in Pak-Afghan trade while pointing out some hurdles in smooth implementation of the... Published 01 Jul, 2024 07:01am
FY2023-24: PHA reports record Rs2.35bn revenue LAHORE: The Parks and Horticulture Authority (PHA) of Lahore increased its own-source revenue to Rs.2.35 billion in... Published 01 Jul, 2024 07:01am
Industry Govt urged to withdraw increase in tax on minerals sector PESHAWAR: Office bearers of Mineral Association Khyber Pakhtunkhwa rejected increase of tax on minerals sector and... Published 01 Jul, 2024 07:01am
AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024 The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate... Published 01 Jul, 2024 07:01am
Money & Banking China’s yuan edges higher HONG KONG: The yuan rose slightly against the dollar but remained near seven-month lows, with the first US... Published 01 Jul, 2024 07:01am
Money & Banking Canadian dollar strengthens against the greenback TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as domestic data showed the economy... Published 01 Jul, 2024 07:01am
Money & Banking Indian rupee closes higher MUMBAI: The Indian rupee ended stronger on Friday, aided by inflows spurred by the inclusion of the country’s ... Published 01 Jul, 2024 07:01am
Money & Banking JGB yields book weekly advance TOKYO: Japanese government bond yields eased back from recent highs on Friday but remained on course for a... Published 01 Jul, 2024 07:01am
FPCCI’s BMP rejects rise in fixed power charges for industry LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has rejected the... Published 01 Jul, 2024 07:01am
Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature
Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan
Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature