Stocks London stocks fall as financials and energy stocks drag London’s FTSE 100 suffered its steepest fall in nearly a month on Tuesday as banking stocks and energy titan BP... Published 09 Jul, 2024 09:40pm
‘Big three’: car companies hit 21-year low in annual sales volume in Pakistan Pak Suzuki, Honda, and Toyota – Japan’s major auto companies – often attributed as the “Big Three” are expected to... Updated 09 Jul, 2024 11:24pm
Gold price per tola decreases Rs100 in Pakistan Gold prices in Pakistan registered marginal losses in line with a decrease in the international rate. In the local... Published 09 Jul, 2024 08:23pm
Stocks Chip stocks, megacaps steer S&P 500, Nasdaq to record highs The S&P 500 and the Nasdaq hit record highs on Tuesday, powered by semiconductors and megacaps, as Congress... Published 09 Jul, 2024 07:57pm
South Asia India races to build power plants in region claimed by China, sources say NEW DELHI: India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the... Published 09 Jul, 2024 07:53pm
USA Fed’s Powell says US making ‘modest’ progress on inflation WASHINGTON: The US Federal Reserve is making “modest” progress in its inflation fight, the head of the US central... Published 09 Jul, 2024 07:38pm
Stocks Gulf markets end mixed ahead of Fed chair’s testimony Stock markets in the Gulf ended mixed on Tuesday as investors awaited U.S. Federal Reserve Chair Jerome Powell’s... Published 09 Jul, 2024 07:26pm
Stocks Maruti leads Indian shares to record closing high levels BENGALURU: Indian shares logged all-time closing high levels on Tuesday as car maker Maruti Suzuki and consumer... Published 09 Jul, 2024 04:53pm
Stocks Sri Lanka shares drop as communication services stocks decline CSE All Share index dipped 0.48% to 11,785.23 Published 09 Jul, 2024 04:51pm
Pakistan’s remittance inflow at $30.3bn in FY24, up 10.7% Inflow of overseas workers’ remittances clocked in at $30.3 billion in fiscal year 2023-24 (FY24), 10.7% higher on a... Updated 09 Jul, 2024 09:14pm
Forex Sterling holds near one-month peak in wake of UK election LONDON: The pound was little changed on Tuesday, down very slightly from Monday’s one-month peak as investors... Published 09 Jul, 2024 04:02pm
Energy Up to 200 units of consumption: PM Shehbaz announces Rs50bn power subsidy for 25mn households Says time has come for 'elite to make sacrifices' Updated 09 Jul, 2024 09:32pm
Stocks Major Gulf markets mixed ahead of Fed chair’s testimony Major stock markets in the Gulf were mixed in early trade on Tuesday, as investors awaited Federal Reserve Chair... Published 09 Jul, 2024 03:35pm
Commodities South Korean flour mills tender for 85,000 metric tons of wheat HAMBURG: A group of South Korean flour mills has issued a tender to purchase around 85,000 metric tons of milling... Published 09 Jul, 2024 03:12pm
Forex Ugandan shilling flat, commodity FX inflows help KAMPALA: The Ugandan shilling was flat on Tuesday, with some inflows of dollars from exporters of coffee and gold... Published 09 Jul, 2024 03:09pm
Moody’s cuts Kenya debt rating further into junk NAIROBI: Moody’s has downgraded Kenya’s debt rating further into junk territory and warned the outlook was negative... Published 09 Jul, 2024 02:18pm
Forex Australian dollar sticks in soggy data, kiwi second-guesses RBNZ SYDNEY: The Australian dollar stalled near six-month highs on Tuesday as domestic data pointed to softness in... Published 09 Jul, 2024 02:14pm
Commodities Copper prices rise slightly; markets eye Fed chair’s testimony Copper prices edged up marginally in London on Tuesday, as market participants exercised caution ahead of the... Published 09 Jul, 2024 02:00pm
Forex China’s yuan slides on weaker guidance; Powell testimony in focus SHANGHAI: China’s yuan slipped on Tuesday against the US dollar, as the central bank set a weaker daily official... Published 09 Jul, 2024 01:57pm
Commodities Wheat and corn steady after falling on better US crop ratings, soybeans slip CANBERRA: Chicago wheat and corn futures steadied on Tuesday, after sharp declines in the previous session as data... Published 09 Jul, 2024 01:55pm
Mutual Funds JGB yields mixed as market weighs monetary policy concerns TOKYO: Japanese government bond (JGB) yields were mixed on Tuesday, as the market remained cautious that the Bank of... Published 09 Jul, 2024 01:52pm
Forex Indian rupee flat; state-run banks’ dollar sales support as Asian peers slip MUMBAI: The Indian rupee was largely flat in early trading on Tuesday as mild dollar sales from state-run banks... Published 09 Jul, 2024 01:49pm
Mutual Funds India bond yields marginally lower; Powell’s speech eyed MUMBAI: Indian government bond yields were marginally lower early on Tuesday, with traders awaiting comments from US... Published 09 Jul, 2024 01:41pm
Stocks China stocks flat as market sentiment subdued; property firms drag HK shares SHANGHAI: China stocks were roughly flat on Tuesday, as sentiment is subdued ahead of the highly anticipated ‘Third... Published 09 Jul, 2024 01:39pm
Commodities Palm drops more than 2% on rising stock concerns, weak soyoil MUMBAI: Malaysian palm oil futures fell more than 2% on Tuesday, marking their biggest drop in a month, due to an... Published 09 Jul, 2024 01:32pm
Forex Asian currencies dip, stocks mixed ahead of Fed chair’s testimony Most Asian currencies edged lower on Tuesday while regional stocks were mixed as global markets awaited comments... Published 09 Jul, 2024 01:27pm
First Abu Dhabi Bank gives initial guidance for $750mn debt sale The UAE’s First Abu Dhabi Bank has given initial price guidance for the sale of $750 million Tier 2 Capital... Published 09 Jul, 2024 01:20pm
Russian budget deficit at 0.5% of GDP in June, says finance ministry MOSCOW: Russia’s budget deficit remained at 0.5% of gross domestic product (GDP) in June, the same as in May, the... Published 09 Jul, 2024 01:15pm
Forex South African rand stable as markets await US interest rate hints JOHANNESBURG: The South African rand was little changed in early trade on Tuesday, as markets awaited the Federal... Published 09 Jul, 2024 01:09pm
Commodities Dalian iron ore eases on sluggish China demand, stimulus eyed NEW DELHI: Dalian iron ore futures prices fell on Tuesday, weighed down by concerns about demand in top consumer... Published 09 Jul, 2024 01:05pm
Bullion Rate Gold edges higher as investors await Powell’s testimony Gold prices inched higher on Tuesday, as the dollar remained soft, with investors awaiting Federal Reserve Chair... Published 09 Jul, 2024 01:03pm
Mutual Funds Euro zone bond yields tick higher as traders await Fed’s Powell LONDON: Euro zone bond yields inched higher on Tuesday as investors waited for testimony from Federal Reserve Chair... Published 09 Jul, 2024 01:01pm
Stocks European shares fall ahead of Powell testimony; Indivior drops European shares slid on Tuesday ahead of a crucial testimony from US Federal Reserve Chair Jerome Powell before a... Published 09 Jul, 2024 12:59pm
Stocks Australia shares end higher on broad-based rally; Powell’s speech in focus Australian shares ended higher on Tuesday in a broad-based rally, tracking a record Wall Street finish overnight,... Published 09 Jul, 2024 12:57pm
Energy BP warns of Q2 profit hit from weak refining margins, oil trading British energy giant BP said on Tuesday that weak refining margins and oil trading were likely to dent its... Published 09 Jul, 2024 12:55pm
Stocks London stocks subdued as broader gains offset fall in BP; Powell’s testimony in focus London’s FTSE 100 was muted on Tuesday, as a decline in shares of energy firm BP was offset by broader gains, while... Published 09 Jul, 2024 12:50pm
Exchange Rupee records marginal increase against US dollar Currency settles at 278.4 against the greenback in inter-bank market Updated 09 Jul, 2024 10:05pm
Stocks KSE-100 closes with 106-point gain after briefly crossing 81,000 Equities at the Pakistan Stock Exchange (PSX) maintained their upward trajectory, as the benchmark KSE-100 Index... Updated 09 Jul, 2024 10:38pm
Energy Oil prices slip after US crude hub escapes serious storm damage NEW YORK: Oil prices eased on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl... Updated 09 Jul, 2024 09:08pm
Taxes Need stressed to digitalise Customs appraisement system KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI said that Chief Collector of Customs Appraisement (South)... Published 09 Jul, 2024 07:01am
Companies PQGTL partners with DFML for motor takaful coverage KARACHI: Pak-Qatar General Takaful Limited (PQGTL), a leading provider of Shariah-compliant General Takaful ... Published 09 Jul, 2024 06:50am
Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through... Published 09 Jul, 2024 06:39am
Companies CCP approves SoA for merger of SCL with JKSM ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M/s... Published 09 Jul, 2024 06:33am
Taxes Malik Khuda Bakhsh underscores need for broadening tax net KARACHI: Malik Khuda Bakhsh, Convener of the FPCCI’s Energy Standing Committee and a senior leader in the ... Published 09 Jul, 2024 06:30am
Energy Tanveer urges Aurangzeb to reduce power tariff LAHORE: Patron-in-Chief United Business Group (UBG) S M Tanveer has demanded Federal Finance Minister Senator... Published 09 Jul, 2024 06:22am
Companies Jazz made Farrukh as CFO, CEO MFH ISLAMABAD: Jazz has appointed Farrukh Khan as its new Chief Financial Officer (CFO) and CEO of Micro-Finance ... Published 09 Jul, 2024 06:21am
Money & Banking Asian currencies: Indonesian rupiah, Thai baht gain SHANGHAI: Taiwan stocks surged to a record high on Monday leading regional equities broadly higher, while currencies... Published 09 Jul, 2024 05:31am
Companies Telenor Pakistan unveils ‘Startup Mentors’ Network’ ISLAMABAD: Telenor Pakistan, a frontrunner in providing telecommunication services and digital solutions across the... Published 09 Jul, 2024 05:29am
Customs’ values of galvanized nuts, other items revised ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of galvanized... Published 09 Jul, 2024 04:59am
RoI, capacity payments and other terms: Senate panel may initiate probe into IPP pacts ISLAMABAD: The Senate Standing Committee on Power is likely to initiate a probe into the agreements of the... Updated 09 Jul, 2024 09:05am
Collection via PPO: Rs4bn payment issue will be resolved, Aurangzeb tells KE ISLAMABAD: Finance Minister Muhammad Aurangzeb has assured K-Electric with regard to the resolution of Rs4 billion... Updated 09 Jul, 2024 09:05am
Afghan traders send first-ever onion shipment to India via Pakistan ISLAMABAD: Afghan traders have sent their first-ever shipment of onions, costing 91 million Afghanis, to India... Published 09 Jul, 2024 04:59am
Companies PHDL declares Rs725 dividend after Regent Plaza sale KARACHI: Pakistan Hotels Developers Limited (PHDL) has announced an interim cash dividend for the year ending June... Updated 09 Jul, 2024 05:48am
Cash reward for IT exporters: Ministry, P@SHA not on same page ISLAMABAD: The Ministry of Information Technology and Telecommunication and Pakistan Software Houses Association... Updated 09 Jul, 2024 05:49am
Energy OGDCL successfully revitalises well KARACHI: The Oil and Gas Development Company Limited (OGDCL) has successfully revitalised the Kunnar-11 well.... Updated 09 Jul, 2024 07:00am
Companies China’s BYD signs deal to open electric car plant in Turkey ISTANBUL: China’s electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a... Updated 09 Jul, 2024 07:06am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US