Stocks London stocks end higher on boost from utilities UK stocks closed higher on Thursday, propelled by utilities shares, while an unexpected fall in U.S. inflation... Published 11 Jul, 2024 09:43pm
Stocks Wall Street choppy as inflation data lifts small-cap stocks Wall Street’s main stock indexes struggled for direction on Thursday as investors favored rate-sensitive small-cap... Published 11 Jul, 2024 08:50pm
Stocks Most Gulf markets in black ahead of US inflation test Most stock markets in the Gulf ended higher on Thursday as traders awaited key U.S. data that was expected to show... Published 11 Jul, 2024 08:46pm
Forex SBP-held foreign exchange reserves increase $16mn, now stand at $9.4bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $16 million on a weekly basis,... Published 11 Jul, 2024 08:24pm
Concerted efforts afoot to reduce electricity price: energy minister Sardar Awais Ahmad Khan says subsidy of Rs65 billion granted to erstwhile FATA in current budget Updated 11 Jul, 2024 07:33pm
Commodities Copper slips as rising stocks highlight poor demand prospects LONDON: Copper prices slipped on Thursday as poor demand prospects particularly in top consumer China and an... Published 11 Jul, 2024 06:44pm
Commodities Malaysian palm oil futures up despite higher inventories NEW DELHI: Malaysian palm oil futures settled higher on Thursday even as an industry regulator said inventories in... Published 11 Jul, 2024 06:41pm
Stocks KSE-100 ends with 151-point gain after volatile trading The Pakistan Stock Exchange (PSX) witnessed a volatile session on Thursday, as its benchmark KSE-100 Index swayed in... Published 11 Jul, 2024 06:34pm
Commodities Asia rice: Vietnam, Thai rates dip as eyes turn to India rice export policy Rice export prices from Vietnam slipped to their lowest levels in a year, and Thai rates also dropped this week amid... Published 11 Jul, 2024 05:36pm
Companies PepsiCo quarterly revenue misses estimates as demand slows for snacks, sodas PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from... Published 11 Jul, 2024 05:24pm
Stocks Indian shares end muted on caution ahead of earnings BENGALURU: Indian shares closed broadly unchanged on Thursday, swinging from a higher open to succumbing to... Published 11 Jul, 2024 05:09pm
Stocks Sri Lankan shares inch down as healthcare stocks fall CSE All Share index settled down 0.08% at 11,802.26 Published 11 Jul, 2024 05:06pm
Commodities Gold price per tola increases Rs1,200 in Pakistan Gold prices in Pakistan registered gains on Thursday in line with an increase in the international rate. In the... Published 11 Jul, 2024 04:32pm
Companies Fleet Space Technologies’ ExoSphere to be used for Reko Diq exploration Fleet Space Technologies of Australia will deploy ExoSphere, an end-to-end mineral exploration solution, to advance... Updated 11 Jul, 2024 10:37pm
Taxes PM Shehbaz directs third-party audit of WeBOC Prime Minister Shehbaz Sharif on Thursday has directed relevant authorities to conduct a third-party audit of Web... Updated 11 Jul, 2024 10:16pm
Stocks London shares muted ahead of US data; UK economy grows faster in May UK shares were flat on Thursday, as losses in aerospace and defence stocks offset broader gains across other... Published 11 Jul, 2024 02:52pm
Energy Indian state refiners in talks for long-term oil import deal with Russia, govt source says NEW DELHI: India’s state-run refiners are jointly negotiating a long-term oil import deal with Russia, a government... Updated 11 Jul, 2024 10:40pm
Forex South African rand gains, focus on US inflation data JOHANNESBURG: The South African rand was stronger in early trading on Thursday, as investors focused on key US... Published 11 Jul, 2024 02:34pm
Energy IEA sees oil demand growth slowing as China’s share ebbs LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the... Published 11 Jul, 2024 02:32pm
Stocks Most major Gulf markets steady ahead of US inflation test Most major stock markets in the Gulf were little changed in early trade on Thursday, while the Saudi market was... Published 11 Jul, 2024 02:28pm
Commodities Jordan tenders to buy up to 120,000 T feed barley, traders say HAMBURG: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of... Published 11 Jul, 2024 02:26pm
Commodities Copper slips in London as high inventories weigh Copper prices fell in London on Thursday as rising inventories signalled an oversupplied market, caused by strong... Published 11 Jul, 2024 02:24pm
Forex Kenyan shilling weakens, pressured by dollar demand from oil firms NAIROBI: Kenya’s shilling was weaker on Thursday due to increased demand for dollars from oil-retailing companies... Published 11 Jul, 2024 02:16pm
UK economy grows in May, boosting new government LONDON: Britain’s economic output grew better-than-expected in May, official data showed Thursday, handing an early... Published 11 Jul, 2024 12:36pm
Stocks European stock markets extend gains at open LONDON: Europe’s main stock markets rose further at the start of trading Thursday as global indices benefit from the... Published 11 Jul, 2024 12:27pm
Forex Australian dollar flies high on kiwi, yen as rate outlooks diverge SYDNEY: The Australian dollar stood near 20-month highs against the kiwi on Thursday as markets ramped up bets of... Published 11 Jul, 2024 11:57am
Commodities Wheat, corn and soybeans steady after losses on favourable US crop conditions JAKARTA: Chicago wheat, corn and soybean futures edged up in early trade on Thursday, steadying after losses in the... Published 11 Jul, 2024 11:46am
Commodities South Korea’s KFA tenders for up to 68,000 T corn, traders say HAMBURG: South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 68,000... Published 11 Jul, 2024 11:31am
Forex China’s yuan edges higher as Fed’s dovish hints dampen dollar HONG KONG: China’s yuan slightly firmed against the dollar on Thursday, as the greenback struggled for direction... Published 11 Jul, 2024 11:26am
Stocks China shares rebound on short-selling curbs, HK gains HONG KONG: China stocks rebounded on Thursday after the securities regulator announced further curbs on... Published 11 Jul, 2024 11:21am
Mutual Funds Long-end JGB yields fall as strong 20-year auction buoys demand TOKYO: Longer-dated Japanese government bond yields fell on Thursday, flattening the yield curve, following strong... Published 11 Jul, 2024 11:18am
Commodities Palm oil futures drop as June inventories surge to four-month high NEW DELHI: Malaysian palm oil futures opened lower on Thursday, a day after the industry regulator said inventories... Published 11 Jul, 2024 11:15am
Bullion Rate Gold climbs as traders brace for US inflation data Gold prices firmed for a third consecutive session on Thursday, with investors awaiting US inflation data due later... Published 11 Jul, 2024 11:13am
Mutual Funds India bond yields flat, traders eye US inflation data for cues MUMBAI: Indian government bond yields were flat in early session on Thursday, with traders eyeing crucial US... Published 11 Jul, 2024 11:10am
Forex Indian rupee to inch up before US inflation print, tracking Asian peers MUMBAI: The Indian rupee is poised to open marginally higher on Thursday, in the wake of an uptick on Asian peers... Published 11 Jul, 2024 11:08am
Exchange Rupee sees minor decline against US dollar Currency settles at 278.61 against the greenback in inter-bank market Updated 11 Jul, 2024 10:39pm
Stocks Australian shares push higher on broad-based rally; US CPI on tap Australian shares rose on Thursday boosted by gains in heavyweight miners and banks while traders braced themselves... Published 11 Jul, 2024 11:05am
Stocks Japan’s Nikkei crosses 42,000 points as Wall Street rally spurs sentiment TOKYO: Japan’s Nikkei share average surged to another record high during morning trade on Thursday, as a rally in US... Published 11 Jul, 2024 11:04am
Stocks Stocks stride to record highs ahead of US inflation test SINGAPORE: Stocks rose on Thursday, with markets from Tokyo to New York at record highs, while traders counted down... Published 11 Jul, 2024 11:02am
Forex Dollar adrift ahead of US inflation test; sterling firms SINGAPORE: The dollar fell a touch on Thursday although moves were largely subdued ahead of a US inflation report... Published 11 Jul, 2024 10:59am
Energy Oil edges up as US inflation data raises rate cut hopes LONDON: Oil prices rose on Thursday with the Brent benchmark holding above $85 a barrel, as hopes rose for rate cuts... Updated 11 Jul, 2024 06:39pm
Stocks Indian shares drop on profit booking, banks’ drag BENGALURU: Indian shares reversed course to trade lower on Thursday, dragged by heavyweight bank stocks on earnings... Published 11 Jul, 2024 10:53am
Minister, S&P delegation discuss current economic situation ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday held a meeting with the delegation of Standard &... Published 11 Jul, 2024 07:37am
Taxes Alternative medicines: PCDA seeks withdrawal of 18pc GST immediately KARACHI: The Pakistan Chemists and Druggists Association (PCDA) strongly condemned the imposition of an 18% general... Published 11 Jul, 2024 07:37am
Taxes KPRA surpasses revenue target by Rs6.77bn PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully collected Rs41.77 billion against the... Published 11 Jul, 2024 07:37am
Industry KATI demands cut in electricity rate to 9 cents/kw KARACHI: Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), has pointed out that the... Published 11 Jul, 2024 07:37am
Money & Banking Dollar dips against euro NEW YORK: The dollar dipped against the euro on Wednesday before Federal Reserve Chair Jerome Powell is due to... Published 11 Jul, 2024 07:37am
Money & Banking Yuan slumps to near 8-month low SHANGHAI: China’s yuan slid to nearly eight-month lows against the US dollar on Wednesday, after data showed the... Published 11 Jul, 2024 07:37am
Money & Banking Indian rupee ends lower MUMBAI: The Indian rupee ended marginally lower on Wednesday due to slight pressure from importers’ dollar bids,... Published 11 Jul, 2024 07:37am
Industry OICCI survey: Foreign investors concerned at security situation KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), has released the results of its latest... Published 11 Jul, 2024 07:37am
Industry TDAP to participate in Heimtextil exhibition KARACHI: Trade Development Authority of Pakistan (TDAP) will participate in the world’s largest home and contract... Published 11 Jul, 2024 07:37am
Industry Industry leaders unite for urgent implementation of CTBCM regime KARACHI: In a significant show of unity, leading industrial chambers and associations came together at a... Published 11 Jul, 2024 07:37am
Industry Seventh Agricultural Census 2024 inaugurated ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal inaugurated the Seventh... Published 11 Jul, 2024 07:37am
Companies CCP clears merger: Nimir acquiring certain assets of P&G ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger within the consumer care market. The... Published 11 Jul, 2024 07:25am
PTA too against pegging spectrum with US dollar ISLAMABAD: Pakistan Telecommunication Authority (PTA) supports the idea to not peg spectrum with the US dollar at ... Published 11 Jul, 2024 07:24am
Companies Systems Ltd hosts British HC LAHORE: Systems Limited, Pakistan’s leading provider of IT and IT-Enabled Services in Pakistan, had the distinct... Published 11 Jul, 2024 07:19am
Industry NKATI president urges govt to lend a helping hand to SMEs KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade & Industry (NKATI), has called... Published 11 Jul, 2024 06:35am
Taxes Transfers, postings in FBR ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday transferred and posted 25 officials of Pakistan Customs... Published 11 Jul, 2024 06:35am
Companies Jazz Digital Squad’s grand finale concludes ISLAMABAD: Pakistan's largest Data Hackathon, the Jazz Digital Squad, has concluded with a grand finale in ... Published 11 Jul, 2024 06:35am
New financial landscape: Importance of upskilling treasury professionals stressed KARACHI: Deputy Governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain Wednesday said continuous ... Published 11 Jul, 2024 06:35am
Industry Fruit and Vegetables Association team meets LCCI chief LAHORE: A delegation from the Fruit and Vegetables Association held a meeting with Kashif Anwar, President of the... Published 11 Jul, 2024 06:32am
Energy Costly electricity: FESCO says trying to compensate consumers through minimum line losses, uninterrupted power supply FAISALABAD: Faisalabad Electric Supply Company (FESCO) is trying its optimum best to compensate its consumers for... Published 11 Jul, 2024 06:21am
Taxes Tax dept can’t reject advance tax estimates filed by taxpayer LAHORE: A taxpayer company has challenged unwarranted recovery of advance tax by the tax department, saying that the... Published 11 Jul, 2024 06:13am
No decision made regarding export of wheat ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday told the National Assembly that no decision has been made to... Updated 11 Jul, 2024 08:37am
ADB lists factors behind boost in remittance ISLAMABAD: Macroeconomic variables, including economic activity, inflation, equity markets and interest rates — both... Updated 11 Jul, 2024 08:32am
Bank holidays KARACHI: The State Bank of Pakistan will remain closed on July 16th and 17th, 2024 (Tuesday & Wednesday) being... Published 11 Jul, 2024 05:13am
REAP delegation meets Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb was called on by the representatives of Rice Exporters Associations ... Published 11 Jul, 2024 05:13am
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