Stocks Europe’s STOXX 600 logs weekly decline as tech, resources shares weigh European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with falling... Published 19 Jul, 2024 09:53pm
Stocks UK stocks end with weekly losses as commodity-linked stocks weigh London stocks finished the week lower amid a global cyber outage on Friday as investors assessed a fall in domestic... Published 19 Jul, 2024 09:50pm
Stocks Wall Street extends rout, CrowdStrike slumps on global tech outage Wall Street’s main indexes fell on Friday, deepening a sell-off driven by tech stocks and mixed earnings, while... Published 19 Jul, 2024 08:07pm
Stocks UAE markets close higher on strong corporate earnings Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.... Published 19 Jul, 2024 06:26pm
Energy Global LNG: Asia spot prices supported by Freeport LNG outage, summer demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices held steady this week on the back of support from an outage... Published 19 Jul, 2024 06:00pm
Commodities Asia Gold: Asian customers cash in on record-breaking bullion rally Asian physical gold demand was sluggish this week, reflecting customers’ reluctance to make new purchases despite... Published 19 Jul, 2024 05:54pm
Business & Economy Pakistan is looking for external financing avenues: Aurangzeb ISLAMABAD: Pakistan will focus on meeting its external financing needs by speaking with foreign governments and... Updated 19 Jul, 2024 08:31pm
Companies Pakistan’s DG Khan Cement to establish subsidiary in US DG Khan Cement, one of Pakistan’s largest cement manufacturers, has announced to establish a wholly-owned subsidiary... Published 19 Jul, 2024 05:30pm
Money & Banking India’s foreign exchange reserves hit record high MUMBAI: India’s foreign exchange reserves rose for a second straight week and hit a record high of $666.85 billion... Published 19 Jul, 2024 05:28pm
Exchange Pakistan’s REER index decreases further to 100.1 in June 2024 Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of... Published 19 Jul, 2024 05:24pm
Stocks Indian shares slip from record highs amid global cyber outage BENGALURU: Indian shares came off record highs to end lower on Friday, on broad-based profit booking ahead of the... Published 19 Jul, 2024 05:23pm
Stocks Sri Lanka shares end lower as utilities, energy stocks weigh CSE All Share index settled down 0.35% at 111,727.08 Published 19 Jul, 2024 05:21pm
Commodities Copper extends downturn to three-month low on China gloom LONDON: Copper prices fell for a fifth session on Friday to the lowest level in three months on disquiet about a... Published 19 Jul, 2024 05:15pm
Commodities Palm oil rises for fourth session, logs weekly gain KUALA LUMPUR: Malaysian palm oil futures rose for a fourth straight session and booked a weekly gain on Friday,... Published 19 Jul, 2024 05:13pm
Stocks INIL’s associate company to invest in Reko Diq project Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company of International Industries... Published 19 Jul, 2024 05:07pm
Business & Economy Pakistan’s current account posts deficit of $681mn in FY24 This is the lowest deficit in last 13 years During June, current account balance stands at deficit of $329mn Updated 19 Jul, 2024 10:44pm
Industry PIA operations largely unaffected amid global cyber outage: official Pakistan International Airlines (PIA) operations largely remained unaffected as a global cyber outage forced to... Updated 19 Jul, 2024 05:34pm
Business & Economy Pakistan’s fabric exporter temporarily shuts operations as economic woes bite Aruj Industries Limited, a Pakistani fabric manufacturer and exporter, has announced to temporarily halt production... Published 19 Jul, 2024 04:27pm
Stocks China stocks post 7-session winning streak; HK shares fall SHANGHAI: China stocks ended the week higher with a seven-session winning streak after the four-day key leadership... Published 19 Jul, 2024 03:25pm
Forex Yuan set to end week lower despite Third Plenum remarks SHANGHAI: China’s yuan is set to end the week lower against a strong US dollar as statements from a key leadership... Published 19 Jul, 2024 03:22pm
Stocks London stock market hit by technical glitch LONDON: The London Stock Exchange was hit by a technical glitch Friday that delayed the start of trade and affected... Published 19 Jul, 2024 01:45pm
Bullion Rate Gold price per tola decreases Rs3,000 in Pakistan After hitting a record high in the previous session, gold prices in Pakistan registered losses on Friday in line... Published 19 Jul, 2024 01:26pm
Commodities Wheat, corn and soybeans head for weekly losses amid ample supply CANBERRA: Chicago wheat, corn and soybean futures edged lower on Friday, and were headed for weekly losses,... Published 19 Jul, 2024 12:26pm
Bullion Rate Gold slips but set for fourth weekly rise on US rate cut prospects Gold prices slipped on Friday, but were on track for a fourth straight weekly gain as expectations that the Federal... Published 19 Jul, 2024 12:21pm
Forex Indian rupee inches up on likely intervention by central bank in NDF market MUMBAI: The Indian rupee was marginally higher on Friday after the central bank likely intervened in the... Published 19 Jul, 2024 12:16pm
Stocks Japan’s Nikkei tracks Wall Street lower; chip shares rebound TOKYO: Japan’s Nikkei share average fell in choppy trade on Friday, tracking overnight Wall Street declines,... Published 19 Jul, 2024 12:01pm
Stocks Australia shares plunge over 1% as strong jobs data stokes rate-hike fears Australian shares fell more than 1% on Friday due to strengthening bets of an interest rate hike in the central... Published 19 Jul, 2024 11:56am
Mutual Funds India bond yields a tad higher before debt supply MUMBAI: Indian government bond yields were marginally higher on Friday, ahead of a weekly debt auction later in the... Published 19 Jul, 2024 11:18am
Stocks KSE-100 retreats, falls over 2% amid selling pressure After days of positive momentum, selling pressure returned to the Pakistan Stock Exchange (PSX) as the benchmark... Updated 19 Jul, 2024 10:36pm
Exchange Rupee marginally improves against US dollar Currency settles at 278.13 against greenback in inter-bank market Updated 19 Jul, 2024 08:42pm
Commodities Copper falls to lowest in 3 months on absence of China stimulus Copper prices hit their lowest in more than three months on Friday, with London copper set for the biggest weekly... Published 19 Jul, 2024 10:46am
Stocks Asia stocks slump on tech rout contagion, global uncertainty SINGAPORE: Asian shares are set to end the week on a sour note, as uncertainty across major economies added to... Published 19 Jul, 2024 10:27am
Stocks Indian shares ease off record highs as profit booking outweighs Infosys’ gains BENGALURU: Indian shares eased off record highs hit at the open on Friday as broad-based profit booking outweighed... Published 19 Jul, 2024 10:13am
Forex Dollar set to eke out weekly gain as traders weigh US rates, yen wobbles SINGAPORE: The dollar was steady and poised to snap a two-week losing run on Friday as US labour and manufacturing... Published 19 Jul, 2024 10:09am
Energy Oil falls $1 a barrel with Gaza ceasefire in sight, easing supply fears HOUSTON: Oil prices fell on Friday on renewed hopes of a ceasefire in Gaza, while a strong dollar further weighed on... Updated 19 Jul, 2024 10:49pm
Interest Rates ECB keeps rates unchanged FRANKFURT: The European Central Bank kept interest rates unchanged as expected on Thursday, with its president... Published 19 Jul, 2024 06:58am
Industry KATI opposes hike in petrol, power prices KARACHI: Korangi Association of Trade and Industry (KATI) President Johar Qandhari has strongly opposed the recent... Published 19 Jul, 2024 06:58am
Companies ABL launches K2 Expedition 2024 KARACHI: Allied Bank Limited (ABL) announces the launch of its K2 Expedition 2024, an initiative that merges the... Published 19 Jul, 2024 06:58am
FPCCI demands govt to renegotiate IPPs agreements KARACHI: The FPCCI Standing Committee on Energy has demanded that the government renegotiate IPPs agreements to save... Published 19 Jul, 2024 06:58am
Money & Banking Asian currencies: Yen at six-week high BENGALURU: Technology-heavy stock indexes of South Korea and Taiwan fell sharply on Thursday, after reports that the... Published 19 Jul, 2024 06:58am
Industry President PCJCCI for cancelling agreements with IPPs LAHORE: President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) urged to cancel all agreements with... Published 19 Jul, 2024 06:58am
Taxes PFVA demands resumption of FTR for food security KARACHI: Fruit and Vegetable exporters urged the federal government for resumption of the fixed tax regime to ... Published 19 Jul, 2024 06:58am
Energy Petroleum group imports witness negative growth during FY2023-24 ISLAMABAD: Petroleum group imports witnessed a negative growth of 0.61 percent during the fiscal year 2023-24 and... Published 19 Jul, 2024 06:56am
Money & Banking Habib Metropolitan Bank declares PLS profit rates KARACHI: The Habib Metropolitan Bank has declared the following profits rates on PLS deposits for half year ended on... Published 19 Jul, 2024 06:35am
Energy Chinese photovoltaic co launches products in Pakistan LAHORE: A Chinese photovoltaic company with global presence Thursday announced the introduction of its innovative... Published 19 Jul, 2024 06:33am
Industry Sweeping powers to FBR: KCCI complain senate body of harmful effect on business KARACHI: Clamour over "sweeping" powers to the FBR on Thursday rattled the KCCI meeting with the Senate standing... Published 19 Jul, 2024 06:27am
Agriculture and Allied NESPAK services will be acquired to facilitate paddy growers LAHORE: The Secretary Agriculture Punjab Iftikhar Ali Sahoo on Thursday directed the provincial agriculture... Published 19 Jul, 2024 06:19am
BoE reports problems with major payments system LONDON: The Bank of England said on Thursday that a “global payments issue” was affecting the interbank payments... Published 19 Jul, 2024 06:05am
Taxes Speedy disposal of tax cases: PM for increasing number of ATs ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Law Division to increase the number of Appellate Tribunals... Published 19 Jul, 2024 06:05am
Yutong to set up bus-making plant in Karachi KARACHI Senior Minister of Sindh and Provincial Minister for Information, Transport, Mass Transit, Excise, Taxation,... Published 19 Jul, 2024 06:05am
Deceptive marketing practices: CAT upholds CCP’s findings in plea filed by RB ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP)... Published 19 Jul, 2024 06:05am
July-May LSM output grows 0.99pc YoY ISLAMABAD: The Large Scale Manufacturing (LSM) sector has shown a growth of 0.99per cent during July-May 2023-24 ... Published 19 Jul, 2024 06:05am
Energy Production from new development well, Adhi South-8 begins: PPL KARACHI: Pakistan Petroleum Limited (PPL) has informed about the commencement of production from new development... Published 19 Jul, 2024 06:05am
FX up by $59m KARACHI: The country’s total liquid foreign reserves rose by $59 million during the last week. According to State... Published 19 Jul, 2024 06:05am
Industry SIDB issues work orders for Peshawar Industrial Park project PESHAWAR: Small Industries Development Board (SIDB) Khyber Pakhtunkhwa has initiated practical measures for the... Published 19 Jul, 2024 06:05am
SECP, PSX map out strategy for taping Chinese capital market ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange (PSX) agreed... Published 19 Jul, 2024 06:05am
FY2023-24: textile exports up by around 0.93pc to $16.655bn ISLAMABAD: The country’s textile group exports increased by around 0.93 percent during the fiscal year 2023-24 and... Updated 19 Jul, 2024 06:50am
ICMA details critical highlights, implications of federal budget KARACHI: Institute of Cost and Management Accountants (ICMA) has detailed the critical highlights and implications ... Updated 19 Jul, 2024 06:43am
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