Stocks London’s FTSE 100 hits over two-month low amid election jitters London’s benchmark stock index closed at more than a two-month low on Tuesday as investors were cautious ahead of... Published 02 Jul, 2024 09:31pm
Stocks Wall St edges lower as Powell signals caution; Tesla jumps after delivery data Wall Street indexes traded lower on Tuesday after Federal Reserve Chairman Jerome Powell said more evidence was... Published 02 Jul, 2024 08:50pm
Stocks Gulf markets mixed as expectations rise of US rate cuts Stock markets in the Gulf ended mixed on Tuesday as expectations mounted U.S. interest rates will fall, with the... Published 02 Jul, 2024 07:11pm
Business & Economy Measures underway to pass on benefits of economic policies to public: Ali Pervaiz Malik Minister of State for Finance says investors' trust is increasing while the stock market has also witnessed a historic boom Updated 02 Jul, 2024 09:10pm
Stocks Sri Lanka shares climb on utilities stocks-led boost CSE All Share index settled up 0.35% at 12,118.29 Published 02 Jul, 2024 05:15pm
Companies Pakistan’s Citi Pharma enters into strategic partnership with Indian company Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has entered into a strategic partnership with... Updated 02 Jul, 2024 09:08pm
Business & Economy Pakistan’s trade deficit contracts 12% YoY to $24.1bn in FY24 Exports increase by 10.5% to $30.7bn while imports decline 0.8% to $54.7bn However, trade deficit increases by 15.13% to $2.39 billion in June Updated 02 Jul, 2024 08:10pm
Stocks Indian shares close flat as auto, financials offset IT gains BENGALURU: Indian shares settled flat on Tuesday, erasing early gains as a drop in financials and auto stocks offset... Published 02 Jul, 2024 04:35pm
Commodities Palm ends higher on rival oils strength, production worries JAKARTA: Malaysian palm oil futures closed higher, extended gains to a fifth consecutive session on Tuesday,... Published 02 Jul, 2024 04:30pm
Energy PPL discovers gas reserves in Sindh Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, has discovered gas reserves from its... Updated 02 Jul, 2024 06:26pm
Mutual Funds Euro zone bond yields hold steady before inflation data LONDON: Euro zone bond yields were little changed on Tuesday after rising sharply the previous day, as investors... Published 02 Jul, 2024 03:01pm
Qatar Airways posts 39% jump in annual profit to record $1.67 billion DUBAI: Qatar Airways posted a 39% jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on... Published 02 Jul, 2024 02:51pm
Forex South African rand extends losses on concerns over unity government obstacles JOHANNESBURG: The South African rand extended losses early on Tuesday on concerns over future challenges for the... Published 02 Jul, 2024 02:48pm
Mutual Funds JGB yields rise as markets await BOJ’s bond buying plans TOKYO: Japanese government bond yields rose on Tuesday as investors awaited details on the Bank of Japan’s plan to... Published 02 Jul, 2024 02:47pm
Forex Russian rouble eases against dollar, yuan as FX selling eases MOSCOW: The Russian rouble weakened against the dollar and yuan on Tuesday, under pressure at the start of the month... Published 02 Jul, 2024 02:45pm
Stocks European stocks pull back ahead of inflation data European stocks slipped on Tuesday, with French equities erasing some of the previous session’s gains driven by... Published 02 Jul, 2024 02:43pm
Ryanair traffic rises 11% to record high in June DUBLIN: Ryanair flew a record 19.3 million passengers in June, up 11% from a year earlier, the low-cost airline said... Published 02 Jul, 2024 02:39pm
Middle East Major Gulf markets gain on possible US rate cuts, fuel demand Most major stock markets in the Gulf edged higher in early trade on Tuesday on hopes for possible US interest rate... Published 02 Jul, 2024 02:23pm
Commodities Copper rises on signs of improving China demand, LME stock draw Copper prices rose on Tuesday, as stock withdrawals in South Korea relieved some oversupply pressure and as signs... Published 02 Jul, 2024 02:21pm
Stocks China stocks close lower as investors weigh recovery, await policy SHANGHAI: China stocks closed down while Hong Kong shares rose on Tuesday, as investors weighed domestic recovery... Published 02 Jul, 2024 02:20pm
Forex Sterling dented by one-two punch from dollar and euro LONDON: The pound neared its lowest in almost two months against a robust dollar on Tuesday, as the US currency got... Published 02 Jul, 2024 02:18pm
Bullion Rate Gold unchanged at Rs241,500 per tola in Pakistan After declining in the previous session, gold prices in Pakistan remained unchanged on Tuesday in line with the... Published 02 Jul, 2024 02:17pm
Stocks London stocks slip as election looms closer, Sainsbury falls on reaffirmed outlook London’s FTSE 100 tumbled on Tuesday after ending the previous session flat as investors maintained caution ahead of... Published 02 Jul, 2024 01:40pm
Stocks KSE-100 gains on heavyweight stocks, settles above 79k level for first time Bullish momentum continued on Tuesday at the Pakistan Stock Exchange (PSX) driven by optimism over a new... Updated 02 Jul, 2024 09:07pm
South Asia Sri Lanka to save $5bn from bilateral debt deal COLOMBO: Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to... Published 02 Jul, 2024 11:56am
Samsung Electronics workers to strike on July 8-10, union official says SEOUL: A workers’ union at Samsung Electronics in South Korea has called a strike for July 8-10, a union official... Published 02 Jul, 2024 11:43am
Commodities Indonesia sees lower rice output in Jan-Aug, statistics bureau says JAKARTA: Indonesia’s rice output in January to August this year is estimated at 21.39 million metric tons, dropping... Published 02 Jul, 2024 11:35am
Bullion Rate Gold flat as investors eye Powell’s speech Gold prices were flat on Tuesday, as investors awaited comments from Federal Reserve Chair Jerome Powell and jobs... Published 02 Jul, 2024 11:32am
Commodities Palm oil gains on Dalian strength, production worries JAKARTA: Malaysian palm oil futures rose for a fifth consecutive session on Tuesday, underpinned by concerns about... Published 02 Jul, 2024 11:30am
Commodities Corn rises for 2nd session on declining US crop condition SINGAPORE: Chicago corn futures gained more ground on Tuesday, as the US crop condition declined due to adverse... Published 02 Jul, 2024 11:19am
Exchange Rupee sees marginal decline against US dollar Currency settles at 278.38 against greenback in inter-bank market Updated 02 Jul, 2024 08:11pm
Thai exports seen up 1%-2% this year, shippers’ group says BANGKOK: Thailand’s exports are expected to rise 1% to 2% this year, the Thai National Shippers’ Council said on... Published 02 Jul, 2024 11:13am
Forex China’s yuan slumps to seven-month low on weaker guidance SHANGHAI: China’s yuan slumped to a fresh seven-month low against the dollar on Tuesday, as the greenback... Published 02 Jul, 2024 10:56am
Stocks Dollar strengthens as bets on Trump presidency rise post-debate HONG KONG: The dollar rose Tuesday and Asia equities were mixed as investors weighed the possibility of another... Published 02 Jul, 2024 10:54am
Forex Australian dollar scales 33-year peak on yen as yields attract SYDNEY: The Australian dollar was near 33-year peaks on the Japanese yen on Tuesday as rising bond yields made it an... Published 02 Jul, 2024 10:47am
Companies Siemens Energy plans 10,000 hires for electricity grid unit, FT says Siemens Energy plans to recruit more than 10,000 new employees for its electricity grid business, set to be the... Published 02 Jul, 2024 10:45am
Mutual Funds Indian bonds shrug off rising US Treasury yields MUMBAI: Indian government bond yields were largely unchanged in early trade on Tuesday, showing a muted reaction to... Published 02 Jul, 2024 10:12am
Forex Indian rupee expected to decline on the back of rising US yields MUMBAI: The Indian rupee is expected to decline at the open on Tuesday, weighed down by a further rise in US... Published 02 Jul, 2024 10:10am
Stocks Australia shares rangebound ahead of RBA minutes Australian shares drifted within a narrow range on Tuesday, as investors were cautious before the country’s central... Published 02 Jul, 2024 10:03am
Stocks Indian shares hit record highs at open; IT stocks lead BENGALURU: Indian shares hit record highs on Tuesday, led by information technology stocks, which continued to rise... Published 02 Jul, 2024 10:01am
Stocks Financials lift Japanese shares on rate-hike speculation TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by financial sector stocks climbing on speculation that... Published 02 Jul, 2024 09:59am
Forex US yields lift dollar and leave yen languishing SINGAPORE: The dollar was supported by rising US yields and the blowtorch was on low-yielding currencies on Tuesday... Published 02 Jul, 2024 09:56am
Energy Oil rises to two-month high on summer demand outlook and supply fears BENGALURU: Oil prices climbed nearly 1% on Tuesday, extending gains to two-month highs on Tuesday on expectations of... Updated 02 Jul, 2024 06:41pm
Industry Smeda launches 10-year cluster-based development plan LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has evolved a 10-year Cluster-Based... Updated 02 Jul, 2024 05:48am
Industry Accumulated rainwater affecting business activities: FCCI FAISALABAD: Normal business activities are affecting due to the accumulation of sewer and rain water on important... Published 02 Jul, 2024 05:07am
Industry HCSTSI urges PM to take decisive action aimed at rejuvenating PPO HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, has... Published 02 Jul, 2024 05:07am
Taxes Advance tax imposition: PPDA says will hold countrywide strike on 5th KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide strike on July 05, against ... Published 02 Jul, 2024 05:07am
Freight charges: Railways announces 3pc across-the-board increase ISLAMABAD: Following an increase in high-speed diesel oil and petrol prices, the Pakistan Railways (PR), Monday ... Published 02 Jul, 2024 05:07am
Industry UNDP, JS Bank and IBA Karachi join hands to finance climate-resilient SMEs KARACHI: United Nations Development Programme (UNDP) in partnership with IBA’s Centre for Entrepreneurial... Published 02 Jul, 2024 05:07am
Companies AML transaction monitoring solution: Raqami selects BenchMatrix’s RiskNucleus KARACHI: Raqami Islamic Digital Bank has selected BenchMatrix’s proprietary solution, RiskNucleus as its ... Published 02 Jul, 2024 05:07am
Companies Flydubai starts flights for Lahore, Islamabad KARACHI: Flydubai has commenced its operations for Lahore and Islamabad. According to the details, the inaugural... Updated 02 Jul, 2024 06:02am
Energy SNGPL successfully achieves three significant milestones LAHORE: Sui Northern has successfully achieved three significant milestones to enhance gas transmission and... Published 02 Jul, 2024 05:07am
Taxes PRA collects over Rs239bn in FY24 LAHORE: The Punjab Revenue Authority (PRA) has achieved a significant milestone in revenue collection during the... Published 02 Jul, 2024 05:07am
Energy SNGPL, SSGCL to file review with Ogra: Another increase in gas prices sought ISLAMABAD: The gas companies - SNGPL and SSGCL – will file a review of estimated revenue requirements with the Oil... Published 02 Jul, 2024 05:07am
Taxes Aurangzeb visits FBR headquarters ISLAMABAD: Finance Minister for Finance and Revenue Muhammad Aurangzeb visited the Federal Board of Revenue (FBR)... Published 02 Jul, 2024 05:07am
Companies Lucky Cement Limited: UBL concludes USD based Standby Letter of Credit Facility KARACHI: United Bank Limited (UBL) recently concluded a USD based Standby Letter of Credit Facility (equivalent to ... Published 02 Jul, 2024 05:07am
Money & Banking easypaisa launches digital loan service KARACHI: Aimed to deliver seamless digital financial services, easypaisa has launched “easycash”, a digital... Published 02 Jul, 2024 05:07am
Experts say Pakistan budget massively negative for struggling healthcare sector KARACHI: Pharmaceutical industry experts have expressed concerns regarding the recent taxation changes in Pakistan,... Updated 02 Jul, 2024 05:58am
Energy OGDCL revitalizes Nashpa-4 well KARACHI: The Oil and Gas Development Company Limited (OGDCL) has successfully revitalized Nashpa-4 well. The well... Published 02 Jul, 2024 05:07am
Energy Ghazij Formation: MPCL successfully drills 4th appraisal well KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled and tested the fourth appraisal well in... Published 02 Jul, 2024 05:07am
Money & Banking Sterling loses ground to euro LONDON: The pound slipped against the euro on Monday as the single currency rallied on investor expectations that... Published 02 Jul, 2024 05:07am
Money & Banking Euro gains after French elections; yen sinks NEW YORK: The euro climbed on Monday after a convincing and historic win by the French far right in the first round... Published 02 Jul, 2024 05:07am
Money & Banking China’s yuan largely steady SHANGHAI: China’s yuan remained largely steady against the US dollar on Monday after a private sector survey ... Published 02 Jul, 2024 05:07am
Money & Banking Indian rupee ends weaker MUMBAI: The Indian rupee closed weaker on Monday as broad based interbank dollar demand pressured the currency even... Published 02 Jul, 2024 05:07am
Industry KCCI condemns hike in fuel prices KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing sheer... Published 02 Jul, 2024 05:07am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US