Hotels in Swat call for optic fibre connectivity to help boost investment The Kalam Hotels Association, representing over 250 hotels in the picturesque valley of Kalam, Swat, has called for... Updated 12 Jul, 2024 11:32pm
Energy Global LNG: Asian spot LNG prices remain above $12 for eighth week running LONDON: Asian spot liquefied natural gas (LNG) prices fell slightly this week, tracking European gas prices, amid... Published 12 Jul, 2024 07:03pm
Companies Unilever to cut a third of office jobs in Europe Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to... Published 12 Jul, 2024 06:02pm
Stocks UAE stock markets end mixed amid Fed pause hopes Stock markets in Dubai extended gains for the third consecutive session amid a strong oil price and on expectations... Published 12 Jul, 2024 05:52pm
Money & Banking India’s foreign exchange reserves hit record high at $657.16bn MUMBAI: India’s foreign exchange reserves rose by $5.2 billion to hit a record high of $657.16 billion as of July 5,... Updated 12 Jul, 2024 11:11pm
Stocks Indian shares surge for sixth straight week as IT joins the rally BENGALURU: The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long... Published 12 Jul, 2024 05:46pm
Stocks Sri Lankan shares advance on gains in financials, consumer staples Sri Lankan shares closed higher on Friday, lifted by gains in financial and consumer staple stocks. The CSE... Published 12 Jul, 2024 05:44pm
Commodities Softer China demand outlook sets copper on track for a weekly loss LONDON: Copper prices edged up on Friday but were on track for a weekly decline under pressure from a softer demand... Published 12 Jul, 2024 05:41pm
Commodities Malaysian palm oil settles lower, clocking first weekly drop in two NEW DELHI: Malaysian palm oil futures ended lower on Friday, as estimates of higher inventories in June weighed on... Published 12 Jul, 2024 05:38pm
Money & Banking JPMorgan Chase profits jump despite higher costs for bad loans NEW YORK: JPMorgan Chase reported higher second-quarter profits Friday thanks to better results in investment... Published 12 Jul, 2024 05:33pm
Companies Indus Motor temporarily halts production citing inventory shortage Indus Motor Company (IMC), the manufacturer and assembler of Toyota-brand vehicles in Pakistan, has announced a... Updated 12 Jul, 2024 11:14pm
Forex Turkiye lira hits fresh record low against dollar ISTANBUL: Turkiye lira touched a new all-time low of 33.0450 to the US dollar on Friday, despite a period of... Updated 12 Jul, 2024 10:46pm
Stocks FTSE 100 hits one-week high after soft US inflation data spurs rate-cut hopes London’s FTSE 100 stock index hit a one-week high on Friday amid broader gains, as investors cheered growing bets of... Published 12 Jul, 2024 02:46pm
Forex Kenya’s shilling weakens due to high dollar demand from importers NAIROBI: Kenya’s shilling weakened on Friday due to increased demand for dollars from general goods importers, while... Published 12 Jul, 2024 02:44pm
Forex Russian rouble weakens slightly amid low trade volumes MOSCOW: The Russian rouble weakened slightly against the dollar on Friday while trading volumes remained low. By... Published 12 Jul, 2024 02:42pm
Stocks European shares hit 1-month high on upbeat earnings, Fed rate-cut hopes European shares advanced on Friday and were set for a second consecutive weekly gains on upbeat earnings updates,... Published 12 Jul, 2024 02:32pm
Stocks KSE-100 recovers from early 1,300-point loss on political noise, closes nearly flat The KSE-100 Index was able to recover around a 1,300-point loss it had suffered after the Supreme Court’s verdict on... Updated 12 Jul, 2024 10:45pm
Commodities Gold price per tola jumps Rs2,200 in Pakistan Gold prices in Pakistan registered gains for the third successive session on Friday in line with the increase in the... Updated 12 Jul, 2024 10:45pm
Stocks Stocks up on US rate hopes, yen holds gains amid intervention talk HONG KONG: Markets mostly rose Friday after a largely negative day on Wall Street despite growing confidence of a US... Published 12 Jul, 2024 12:42pm
Forex Australian dollar sails to six-month top as kiwi sinks SYDNEY: The Australian dollar held near six-month peaks on Friday as markets sharply narrowed the odds on US rate... Published 12 Jul, 2024 12:04pm
India’s Adani Ports to invest $1.2bn in transshipment terminal, Bloomberg News reports India’s Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion)... Published 12 Jul, 2024 12:00pm
China’s June exports rise 8.6%, imports drop 2.3% BEIJING: China’s exports rose 8.6% year-on-year by value in June, while imports dropped 2.3%, customs data showed on... Published 12 Jul, 2024 11:48am
Mutual Funds JGB yields track US peers down; yen volatility fans uncertainty TOKYO: Japanese government bond (JGB) yields declined on Friday, tracking their US peers down after key inflation... Published 12 Jul, 2024 11:43am
Energy Kuwait cuts Aug crude prices for Asia, document shows SINGAPORE: Kuwait has cut the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in August by 70... Published 12 Jul, 2024 11:38am
Commodities Palm oil opens higher, extending gains from previous session NEW DELHI: Malaysian palm oil futures opened higher on Friday, extending gains from the previous session as the... Published 12 Jul, 2024 11:33am
Stocks China stocks track regional markets lower, mixed trade data weighs SHANGHAI: China stocks fell on Friday in line with broader weakness across other Asian markets, with mixed trade... Published 12 Jul, 2024 11:22am
Energy China June crude oil imports fall 11% on year, H1 imports down 2.3% SINGAPORE: China’s crude oil imports in June dropped 11% from a high base a year earlier and first-half imports fell... Published 12 Jul, 2024 11:02am
Forex Rupee strengthens against US dollar Currency settles at 278.4 against the greenback in inter-bank market Updated 12 Jul, 2024 10:43pm
Ericsson Q2 sales fall 7%, beating expectations Swedish telecom gear maker Ericsson reported on Thursday a 7% drop in second-quarter sales, beating expectations as... Published 12 Jul, 2024 10:51am
Commodities China June copper imports slide to 14-month low on weak demand BEIJING: China’s unwrought copper imports declined in June to a 14-month low, customs data showed on Friday, as high... Published 12 Jul, 2024 10:27am
Bullion Rate Gold eases, but set for weekly gain on Fed rate cut bets Gold prices edged lower on Friday, but were headed for a third straight week of gains as cooler-than-expected US... Published 12 Jul, 2024 10:23am
Commodities China summer wheat output rise 2.7%, escapes drought damage BEIJING: China’s summer wheat production rose 2.7% this year, official data showed on Friday, escaping the impact of... Published 12 Jul, 2024 10:21am
Mutual Funds Indian bond yields seen easing as US peers tumble after inflation cheer MUMBAI: Indian government bond yields are expected to open lower on Friday, tracking a sharp decline in US peers... Published 12 Jul, 2024 10:14am
Forex Indian rupee gains marginally, forward premiums tick up as US bond yields drop MUMBAI: The Indian rupee was marginally higher on Friday after a soft US inflation reading boosted hopes of rate... Published 12 Jul, 2024 10:11am
Stocks Indian shares rise at open, IT stocks lead BENGALURU: Indian shares opened higher on Friday, as bets of a rate cut in the world’s largest economy next month... Published 12 Jul, 2024 10:08am
Stocks Australian shares hit record high on firming bets of September Fed rate-cut Australian shares climbed record highs on Friday, boosted by gains in heavyweights miners and banks after an... Published 12 Jul, 2024 10:05am
Stocks Japan’s Nikkei drops from record high on chip selloff, yen intervention nerves TOKYO: The Nikkei share average plunged 2% on Friday, as tech stocks tracked a selloff in Wall Street peers and the... Published 12 Jul, 2024 10:03am
Energy Oil rises as US inflation eases LONDON: Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s... Updated 12 Jul, 2024 11:16pm
Forex Volatile yen keeps markets on edge as intervention risks swirl SINGAPORE: The yen was soft after a volatile start on Friday as traders weighed its sharp surge after US consumer... Published 12 Jul, 2024 09:57am
Commodities Soybeans head for biggest weekly fall in over a year on strong supply outlook CANBERRA: Chicago soybean prices rose slightly on Friday but were headed for their biggest weekly fall since June... Published 12 Jul, 2024 09:53am
Forex China’s yuan eases after mild midpoint fixing, mixed trade data SHANGHAI: China’s yuan eased on Friday after strengthening to a one-month high, as the central bank set a mild... Published 12 Jul, 2024 09:50am
PRA amends Electronic Invoice Monitoring System Rules LAHORE: The Punjab Revenue Authority (PRA) has amended the Electronic Invoice Monitoring System Rules 2019, under... Published 12 Jul, 2024 07:17am
Money & Banking Sukuk Standard: AAOIFI and Meezan Bank host public hearing session KARACHI: The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank... Published 12 Jul, 2024 05:48am
Taxes Ex-parte orders passed by IR officers: FBR chief moved against arbitrary tax demands ISLAMABAD: Tax advisers have approached the Federal Board of Revenue (FBR) chairman against the arbitrary tax ... Published 12 Jul, 2024 05:48am
Companies PTCL Group signs javelin star Arshad Nadeem as brand ambassador KARACHI: Pakistan’s largest telecom and ICT services provider, PTCL Group (PTCL & Ufone 4G) has signed ... Published 12 Jul, 2024 05:48am
Industry Pakistan & Indonesia need to formulate FTA: FPCCI KARACHI: Atif Ikram Sheikh, President FPCCI, has stressed that Pakistan needs to work with Indonesia to formulate a... Published 12 Jul, 2024 05:48am
Money & Banking Dollar drops, yen surges NEW YORK: The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, with... Published 12 Jul, 2024 05:48am
Money & Banking Indian rupee ends weaker MUMBAI: The Indian rupee ended slightly weaker on Thursday, pressured by dollar demand from state-run banks and... Published 12 Jul, 2024 05:48am
Pakistan, Azerbaijan agree to expand investment volume up to $2bn ISLAMABAD: Pakistan and Azerbaijan on Thursday agreed to enhance the bilateral investment level up to US$2 billion ... Published 12 Jul, 2024 05:43am
Economy on the right track: Group CEO Standard Chartered KARACHI: Bill Winters Group CEO of Standard Chartered (SC) Bank is very optimistic about Pakistan’s economy and said... Updated 12 Jul, 2024 09:20am
Ports/terminals efficiency, cost savings: PM directs ministry to conduct third-party audit ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Ministry of Maritime Affairs (MoMA) to conduct third-party... Published 12 Jul, 2024 05:43am
SBP allows IT cos to acquire shareholding in entities abroad KARACHI: In order to enhance IT exports, the State Bank of Pakistan (SBP) on Thursday allowed export-oriented IT... Updated 12 Jul, 2024 09:05am
Energy Oil demand growth slowing, China consumption dips: IEA PARIS: The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues ... Published 12 Jul, 2024 05:43am
Energy BoDs meeting to review SNGPL’s overall performance held LAHORE: The Petroleum Division, Sui Northern Gas Pipe Lines Limited (SNGPL) Board of Directors (BOD) and the... Published 12 Jul, 2024 05:43am
Final tax regime: Exporters concerned at exclusion of rice, maize LAHORE: Exporters of rice, maize and sesame showing their distress over excluding these commodities from the final... Published 12 Jul, 2024 05:43am
Industry LCCI holds awareness session LAHORE: The Lahore Chamber of Commerce and Industry Thursday organized an awareness session on “Major Corporate... Published 12 Jul, 2024 05:43am
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