Stocks Wall St poised to open lower ahead of more economic data, Fed minutes Wall Street was set to open slightly lower on Wednesday ahead of a holiday-shortened trading session, as investors... Published 03 Jul, 2024 07:02pm
Stocks Most Gulf markets gain on US rate cut bets Most stock markets in the Gulf ended higher on Wednesday as comments from Federal Reserve Chair Jerome Powell... Published 03 Jul, 2024 06:57pm
Business & Economy Pakistan ‘addressing’ potential bidders’ concern over PIA safety ban ISLAMABAD: Pakistan’s Privatisation Commission is addressing concerns voiced by those qualified to bid for the... Published 03 Jul, 2024 05:15pm
Stocks HDFC Bank leads Indian shares to record closing highs BENGALURU: Indian shares logged record closing highs on Wednesday led by gains in top private lender HDFC Bank, as... Published 03 Jul, 2024 04:57pm
Stocks Sri Lanka shares fall as energy and IT stocks drop CSE All Share index settled down 0.67% at 12,037.14 Published 03 Jul, 2024 04:54pm
Commodities Russian firms raise zinc output to meet government demand LONDON: Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and... Published 03 Jul, 2024 04:52pm
Commodities Palm snaps five-session rally on likely profit taking JAKARTA: Malaysian palm oil futures declined on Wednesday, snapping five consecutive sessions of gains, on likely... Published 03 Jul, 2024 04:47pm
Forex Kenyan shilling shrugs off tax protest uncertainty, firms slightly The Kenyan shilling shrugged off uncertainty caused by nationwide anti-government protests and firmed slightly on... Published 03 Jul, 2024 02:54pm
Forex Ugandan shilling firms on slump in importer, banks’ FX appetite KAMPALA: The Ugandan shilling traded firmer on Wednesday, helped by a slump in demand for hard currency from both... Published 03 Jul, 2024 02:49pm
Commodities Gold price per tola increases Rs800 in Pakistan After remaining unchanged in the previous session, gold prices improved in Pakistan on Wednesday in line with an... Published 03 Jul, 2024 02:31pm
Forex South African rand gains as Ramaphosa’s new government takes shape JOHANNESBURG: The South African rand strengthened on Wednesday ahead of the swearing-in ceremony of ministers in... Published 03 Jul, 2024 01:33pm
Forex Rouble firms against dollar in relatively narrow trading range MOSCOW: The rouble firmed against the dollar on Wednesday, trading in its narrowest range since new US sanctions on... Published 03 Jul, 2024 01:29pm
Business & Economy Pakistan has met all requirements for IMF bailout deal, finance official says Malik says no major issues left to address as Pakistan seeks over $6bn bailout Updated 03 Jul, 2024 04:41pm
Business & Economy Mari Mining receives licences for exploration of minerals in Chagai Mari Mining Company (Pvt) Limited (MMC), a wholly-owned subsidiary of Mari Petroleum Company Limited (MARI), has... Updated 03 Jul, 2024 05:11pm
Stocks London stocks rebound on gains in metal miners ahead of elections London stocks rebounded on Wednesday, led by a rise in metal miners and renewed hopes of US interest rate cuts, but... Published 03 Jul, 2024 01:10pm
Stocks European shares rise after Powell’s dovish comments; focus on elections European shares rose on Wednesday as investors welcomed dovish comments from Federal Reserve Chair Jerome Powell and... Published 03 Jul, 2024 01:08pm
Stocks Record high closing: KSE-100 index settles at 80,234 The Pakistan Stock Exchange (PSX) continued with its winning run as the benchmark KSE-100 index settled above the... Updated 03 Jul, 2024 05:11pm
Commodities Palm oil opens low tracking soyoil prices at Chicago Board of Trade JAKARTA: Malaysian palm oil futures opened down on Wednesday, snapping five consecutive session of gains, tracking... Published 03 Jul, 2024 11:23am
Forex Australian dollar inches up on upbeat retail data, kiwi struggles SYDNEY: The Australian dollar edged up against the US dollar on Wednesday as domestic data on retail spending... Published 03 Jul, 2024 11:06am
Forex Rupee largely stable against US dollar Currency settles at 278.40 against the greenback in inter-bank market Updated 03 Jul, 2024 07:03pm
Bullion Rate Gold flat as investors focus on Fed minutes Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve’s last policy meeting for... Published 03 Jul, 2024 10:45am
Energy UAE’s non-oil business growth slows in June, PMI shows Growth in the United Arab Emirates’ non-oil private sector slowed in June with weaker job creation and an easing in... Published 03 Jul, 2024 10:42am
World Bank cuts 2024 Thai GDP growth outlook to 2.4% on weaker exports BANGKOK: Thailand’s economy is expected to grow 2.4% this year, down from the 2.8% expansion projected in April,... Published 03 Jul, 2024 10:35am
Stocks Asia stocks gain on rate cut wagers, yen stays near 38-year lows SINGAPORE: Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that US... Published 03 Jul, 2024 10:28am
Mutual Funds Indian bond yields slightly down as US peers come off highs MUMBAI: Indian government bond yields were marginally down early on Wednesday amid a pullback in US Treasury yields,... Published 03 Jul, 2024 10:25am
Forex Indian rupee may dip amid little relief for Asian peers from Powell’s remarks MUMBAI: The Indian rupee is expected to open marginally weaker or flat on Wednesday as comments from the Federal... Published 03 Jul, 2024 10:23am
Commodities Corn and soybeans inch higher as traders eye US crop conditions CANBERRA: Chicago corn and soybean futures edged up on Wednesday and were hovering above multi-year lows as concerns... Published 03 Jul, 2024 10:21am
Stocks Miners lead Australian shares higher Australian shares rose on Wednesday, led by gains in miners, while Federal Reserve Chair Jerome Powell struck a... Published 03 Jul, 2024 10:18am
Stocks Indian shares set to open higher; HDFC Bank in focus BENGALURU: Indian shares are likely to open higher on Wednesday, tracking Asian peers, while top private lender HDFC... Published 03 Jul, 2024 10:11am
Stocks Japan’s Nikkei rises as tech stocks track US growth shares higher TOKYO: Japan’s Nikkei share average rose on Wednesday as heavyweight technology stocks tracked US megacap growth... Published 03 Jul, 2024 10:08am
Commodities Copper steadied ahead of economic data release BEIJING: Copper prices steadied on Wednesday as the US dollar softened, while investors awaited some key data by... Published 03 Jul, 2024 10:06am
Forex Dollar on the defensive amid lower yields, yen hovers near 38-year trough TOKYO: The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome... Published 03 Jul, 2024 10:04am
Energy Oil prices steady after large US crude inventory draw Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in US... Updated 03 Jul, 2024 03:38pm
Forex China’s yuan slides to seven-month low on weak economic data HONG KONG: China’s yuan skidded to a seven-month low against the dollar on Wednesday on weak economic data and as... Published 03 Jul, 2024 09:58am
Industry FPCCI calls for comprehensive Agricultural Policy in KP PESHAWAR: Convener of the Agriculture Standing Committee of the Federation of Pakistan Chambers of Commerce and... Published 03 Jul, 2024 07:35am
Agri-sector payment ecosystem: Fatima Fertilizer sign MoU with JazzCash ISLAMABAD: Fatima Fertilizer, a leading name in Pakistan’s agriculture sector, and JazzCash, Pakistan’s largest... Published 03 Jul, 2024 07:35am
Industry Financial services industry: SECP proposes formulation of overarching regulatory structure ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed formulation of an overarching... Published 03 Jul, 2024 07:35am
VIS reaffirms entity ratings of ZTBL ISLAMABAD: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited... Published 03 Jul, 2024 07:35am
Industry Chambers, associations: Jam asks DGTO to enhance trade advocacy role ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has pushed the Directorate General of Trade Organizations... Published 03 Jul, 2024 07:35am
Industry Traders’ delegation visits HCSTSI secretariat HYDERABAD: A delegation of traders from Anjuman Tajran Cantt Bazar Hyderabad, led by President Yasir Qureshi,... Published 03 Jul, 2024 07:35am
Taxes Delaying refund claims: FTO concerned at ‘repeatedly thrashing the same issue out’ LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has expressed strong concerns over the repeated thrashing of... Published 03 Jul, 2024 07:35am
Industry LCCI urges federal govt to revisit Finance Act LAHORE: Kashif Anwar, President of the Lahore Chamber of Commerce and Industry, expressed concerns over the Finance... Published 03 Jul, 2024 07:35am
Money & Banking BISP to engage six banks to improve payment process: chairperson LAHORE: Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP), said on Tuesday that the... Published 03 Jul, 2024 07:35am
June cement despatches decline 12.58pc to 3.55m tons YoY LAHORE: Cement despatches declined by 12.58% in the month of June 2024, as the total despatches were recorded at... Published 03 Jul, 2024 07:35am
Money & Banking US dollar dips in choppy trade NEW YORK: The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish... Published 03 Jul, 2024 07:35am
Money & Banking Yuan slumps to 7-month low SHANGHAI: China’s yuan slumped to a fresh seven-month low against the dollar on Tuesday, as the greenback... Published 03 Jul, 2024 07:35am
Money & Banking Asian currencies slip on dollar strength BENGALURU: Most Asian currencies depreciated on Tuesday, with the Philippine peso and South Korean won leading ... Published 03 Jul, 2024 07:35am
Money & Banking JS Bank’s rating upgraded to ‘AA’ Karachi: JS Bank has received “AA” rating from the Pakistan Credit Rating Agency (PACRA). This prestigious ... Published 03 Jul, 2024 07:35am
Money & Banking ‘Digital Economy Enhancement Project’ WB rates overall implementation progress as ‘satisfactory’ ISLAMABAD: The World Bank has rated the overall implementation progress of “Digital Economy Enhancement Project... Published 03 Jul, 2024 07:35am
Companies Jazz announces strategic transformation to ‘Service Co’ KARACHI: As Jazz celebrates its 30th anniversary. The company is unveiling a significant transformation in its... Published 03 Jul, 2024 07:20am
Energy OMCs’ sales rise to 1.45 million tons, highest in 19 months KARACHI: Pakistan’s Oil Marketing Companies (OMCs) recorded their highest sales in 19 months, reaching 1.45 ... Published 03 Jul, 2024 06:46am
Energy PPL announces gas discovery at Khairpur KARACHI: Pakistan Petroleum Limited (PPL) has announced that a gas discovery has been made from the exploratory well... Published 03 Jul, 2024 06:46am
Industry Rs13bn invested in 2022-23: OICCI members positively impact 40m individuals KARACHI: Overseas Investors Chamber of Commerce and Industry’s member companies have invested Rs 13 billion in... Published 03 Jul, 2024 06:46am
Energy Iran is exporting crude oil to 17 countries DUBAI: Iran is selling crude oil to 17 countries, Oil Minister Javad Owji was quoted as saying by the semi-official... Published 03 Jul, 2024 06:46am
FY24 exports soar 10.54pc to $30.645bn YoY ISLAMABAD: The country’s exports increased by 10.54 percent ($2.921 billion) to $30.645 billion during the fiscal... Published 03 Jul, 2024 06:46am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US