Stocks British stocks finish higher on precious miners boost London stocks closed higher on Wednesday thanks to a boost from precious metal miners, while hawkish comments by... Published 10 Jul, 2024 09:19pm
Money & Banking Bank holidays: SBP to remain closed on July 16-17 The central bank on Wednesday announced a two-day public holiday on July 16 and 17 on account of Ashura. “The State... Published 10 Jul, 2024 08:48pm
Energy Pakistan’s economic crisis is largely due to its power sector: experts propose bypassing govt Pakistan, the world’s fifth most populous country, has a power sector problem and experts believe this is a core... Published 10 Jul, 2024 08:23pm
Stocks S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported... Published 10 Jul, 2024 08:09pm
USA CNN to cut 100 jobs in major overhaul to focus on digital, memo shows News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital... Published 10 Jul, 2024 07:58pm
Stocks Gulf markets subdued on oil, ahead of earnings Stock markets in the Gulf ended subdued on Wednesday in the run up to quarterly earning season as oil prices... Published 10 Jul, 2024 06:59pm
Middle East Shell, Total, BP take stakes in UAE gas project DUBAI: Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas... Published 10 Jul, 2024 06:45pm
Middle East Syria’s national airline resumes Saudi flights after 12 years RIYADH: Syria’s national airline resumed regular services to Saudi Arabia after a 12-year suspension on Wednesday as... Published 10 Jul, 2024 05:48pm
Stocks Mahindra & Mahindra, banks hold up Indian shares’ record rally BENGALURU: Indian shares declined on Wednesday, weighed by banks on worries of moderation in their earnings and by... Published 10 Jul, 2024 04:50pm
Commodities Copper slides to one-week low on China demand concerns, rising stocks LONDON: Copper prices hit a one-week low on Wednesday, extending their fall to the third consecutive session, due to... Published 10 Jul, 2024 04:47pm
Commodities Palm extends losses on rising stocks, soyoil weakness MUMBAI: Malaysian palm oil futures extended losses on Wednesday as inventories rose to a four-month high in June and... Published 10 Jul, 2024 04:44pm
Business & Economy 6 months of 2024: Pakistan’s startup funding falls 92%, amounts to measly $3mn Pakistan’s startups attracted a measly $3 million in the first half of 2024, a massive 92% lower year-on-year,... Updated 10 Jul, 2024 11:27pm
Stocks KSE-100 retreats, falls over 1% to close below 80,000 amid selling pressure Winning momentum brought to an end due to profit-taking Updated 10 Jul, 2024 11:31pm
Forex Russian rouble weakens against dollar as central bank says trade has stabilised MOSCOW: The Russian rouble weakened against the dollar on Wednesday after the central bank said that currency trade,... Published 10 Jul, 2024 02:49pm
Stocks London stocks climb as investors take in corporate updates; Powell’s comments in focus London stocks rebounded on Wednesday amid broad-based gains after a slew of corporate updates, while investors... Published 10 Jul, 2024 02:48pm
Forex South African rand gains on weaker dollar, focus on Fed rate path JOHANNESBURG: The South African rand gained in early trade on Wednesday against a weaker dollar, as focus remains on... Published 10 Jul, 2024 02:47pm
Stocks Saudi Arabia raises $12.35bn from Aramco share sale after increasing offer DUBAI: Saudi Arabia raised a total of $12.35 billion from selling more shares in Aramco, after increasing the... Published 10 Jul, 2024 02:46pm
Commodities India to sell wheat from state stocks to flour millers, biscuit makers MUMBAI/NEW DELHI: India plans to sell wheat from its state reserves to bulk consumers such as flour millers and... Published 10 Jul, 2024 02:45pm
Mutual Funds Euro zone bond yields dip ahead of Powell testimony LONDON: Euro zone bond yields dipped on Wednesday on concerns after rising the previous day about monetary policy... Published 10 Jul, 2024 02:40pm
Stocks Major Gulf markets mixed on falling oil, stronger US rate cut hopes Major stock markets in the Gulf were mixed in early trade on Wednesday following a decline in oil prices, while... Published 10 Jul, 2024 02:34pm
Forex Kenyan shilling weakens due to increased FX demand, Moody’s downgrade NAIROBI: Kenya’s shilling weakened on Wednesday, pressured by increased foreign-currency demand and a credit rating... Published 10 Jul, 2024 02:33pm
Commodities Jordan issues tender to buy 120,000 T of wheat, traders say HAMBURG: Jordan’s state grain buyer has issued an international tender to buy 120,000 metric tons of milling wheat... Published 10 Jul, 2024 02:32pm
Forex Ugandan shilling stable as offshore investor FX inflows help KAMPALA: The Ugandan shilling was stable on Wednesday, underpinned by dollar inflows from offshore investors and... Published 10 Jul, 2024 02:30pm
Bullion Rate Gold price per tola increases Rs600 in Pakistan After declining in the previous session, gold prices in Pakistan registered a marginal increase in line with an... Published 10 Jul, 2024 01:15pm
Stocks European stock markets rebound at open LONDON: Europe’s main stock markets rebounded at the start of trading Wednesday after fresh records on Wall Street.... Published 10 Jul, 2024 12:26pm
Commodities Chinese steel prices hit 3-month low on poor construction demand Steel prices in China fell to a more than three-month low on Wednesday, hurt by poor demand due to a weak... Published 10 Jul, 2024 12:04pm
Forex New Zealand dollar falls, bonds rally as RBNZ flags possible easing SYDNEY: The New Zealand dollar fell on Wednesday while bonds rallied as markets sharply ramped up bets for a rate... Published 10 Jul, 2024 12:03pm
Commodities Copper holds steady ahead of China inflation data, firm dollar weighs BEIJING: London copper was flat on Wednesday ahead of China inflation data, with firmer US dollar and demand... Published 10 Jul, 2024 12:02pm
TSMC Q2 revenue handily beats market forecasts TAIPEI: TSMC, the world’s largest contract chipmaker, reported on Wednesday second quarter revenue of T$673.51... Published 10 Jul, 2024 11:57am
BNP Paribas, Mistral AI ink partnership deal BNP Paribas has entered into a comprehensive partnership agreement with Mistral AI covering all of its current and... Published 10 Jul, 2024 11:55am
Commodities Malaysia’s palm oil stocks hit 4-month high in June on weak exports KUALA LUMPUR/MUMBAI: Malaysia’s palm oil stocks surged to a four-month high in June, driven by a steeper decline in... Published 10 Jul, 2024 11:34am
China consumer prices rise slightly in June BEIJING: China consumer prices edged up in June, official data showed Wednesday, but fell short of analyst... Published 10 Jul, 2024 11:10am
Exchange Rupee slips lower against US dollar Currency settles at 278.51 against the US dollar in inter-bank market Updated 10 Jul, 2024 11:33pm
Mutual Funds India bond yields flat; investors eye inflation prints for cues MUMBAI: Indian government bond yields did not react much to US Treasuries reversing some of their recent gains on... Published 10 Jul, 2024 10:25am
Forex Indian rupee flat, sticks to narrow band tracking sideways moves in Asia FX MUMBAI: The Indian rupee was nearly unchanged on Wednesday tracking rangebound moves in its Asian peers, after... Published 10 Jul, 2024 10:21am
Stocks Asia shares rise; kiwi slumps after RBNZ’s less hawkish tone SINGAPORE: Asian stocks hovered near two-year highs on Wednesday on growing bets of imminent US rate cuts, while the... Published 10 Jul, 2024 10:09am
Stocks Japan’s Nikkei flips to gains as financials rise, investors buy on dip TOKYO: Japan’s Nikkei share average rose in a choppy morning session on Wednesday as financial shares outperformed... Published 10 Jul, 2024 10:07am
Commodities Commodity stocks drag Australian shares down; RBNZ decision eyed Australian shares fell on Wednesday, dragged by heavyweight miners and energy stocks amid a drop in commodity... Published 10 Jul, 2024 10:04am
Commodities Chicago corn, soybeans, wheat open lower amid expectation of ample supply JAKARTA: Chicago corn, soybean and wheat futures opened lower on Wednesday amid expectation of higher U.S output of... Published 10 Jul, 2024 10:03am
Stocks Indian shares ease off record highs; Maruti extends gains BENGALURU: Indian shares hit all-time highs at the open on Wednesday as car maker Maruti Suzuki continued to rally,... Published 10 Jul, 2024 09:59am
Forex Dollar firm on Powell caution, kiwi bides time before rates decision TOKYO: The dollar was on the front foot on Wednesday having rebounded from a three-week low after Federal Reserve... Published 10 Jul, 2024 09:57am
Bullion Rate Gold prices steady with spotlight on US inflation print Gold prices held steady on Wednesday, with investors looking towards key US inflation data that could shed more... Published 10 Jul, 2024 09:55am
Energy Oil rises after U.S. posts crude, gasoline stock draw HOUSTON: Oil prices roses on Wednesday after a jump in U.S. refining activity last week prompted a bigger draw than... Updated 10 Jul, 2024 09:33pm
Forex China’s yuan slumps to near 8-month low after soft inflation SHANGHAI: China’s yuan slid to nearly eight-month lows against the US dollar on Wednesday, after data showed the... Published 10 Jul, 2024 09:48am
June remittances soar 44.4pc YoY KARACHI: The workers’ remittances from overseas Pakistanis have increased by 44.4 percent on year-on-year basis... Published 10 Jul, 2024 03:14am
Taxes President opposes proposed agriculture tax? LAHORE: President Asif Zardari stressed on Tuesday the pivotal role of agriculture in Pakistan’s future, lamenting... Published 10 Jul, 2024 03:14am
Taxes Solid surface materials: Customs’ valuations revised ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised customs values on the import of solid... Published 10 Jul, 2024 03:14am
PAAPAM demands RD on all old, used vehicles ISLAMABAD: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), led by Chairman Abdul... Updated 10 Jul, 2024 09:32am
Money & Banking Tier-III certified data centre: Allied Bank collaborates with CNS KARACHI: Allied Bank has signed an agreement with CNS Engineering Pakistan to develop a Tier-III certified Data... Published 10 Jul, 2024 03:14am
Industry Revised regulations notified for packaging of flour LAHORE: The Punjab Food Department on Tuesday notified revised regulations for the packaging of flour across the... Published 10 Jul, 2024 03:14am
Industry CAT dismisses appeal against CCP ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Creative Engineering... Published 10 Jul, 2024 03:14am
Money & Banking BoK celebrates ‘MSME Week’ ISLAMABAD: Bank of Khyber (BoK) proudly celebrated MSME Week, an initiative by the State Bank of Pakistan (SBP),... Published 10 Jul, 2024 03:14am
Taxes KCCI urges FBR to revisit ‘controversial’ SRO KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has urged the Federal... Published 10 Jul, 2024 03:14am
Money & Banking MasterCard partners with BoP KARACHI: The Master-Card strive women program in Pakistan welcomes a new partnership with the Bank of Punjab (BoP),... Published 10 Jul, 2024 03:14am
Money & Banking Dollar gains as Fed’s Powell cautious on rate cuts NEW YORK: The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation,... Published 10 Jul, 2024 03:14am
Money & Banking Most Asian currencies dip BENGALURU: Most Asian currencies edged lower on Tuesday while regional stocks were mixed as global markets awaited... Published 10 Jul, 2024 03:14am
Money & Banking Indian rupee ends flat MUMBAI: The Indian rupee closed nearly flat on Tuesday, tracking largely subdued price action in its Asian peers, as... Published 10 Jul, 2024 03:14am
Prices stable amid moderate activity on cotton market LAHORE: The local cotton market on Tuesday remained steady and the trading volume remained satisfactory. Cotton... Published 10 Jul, 2024 03:14am
Industry ‘People finding it harder & harder to live with this budget’ KARACHI: Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and... Published 10 Jul, 2024 03:14am
Companies PITB, MCB and Mastercard sign MoU to digitise payments LAHORE: The Punjab Information Technology Board (PITB), MCB Bank and Mastercard have signed a memorandum of... Published 10 Jul, 2024 03:14am
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