South Asia India gives income tax relief to some to stimulate spending MUMBAI: India on Tuesday cut income tax rates for some citizens in an effort to boost consumption as Asia's... Published 23 Jul, 2024 11:11pm
Companies Coca-Cola raises forecasts, bets on price hikes and ad blitz Coca-Cola raised its annual sales and profit forecasts on Tuesday, as the beverage maker expects to benefit from... Published 23 Jul, 2024 09:53pm
Business & Economy After Fitch, Aurangzeb apprises Moody’s reps on IMF deal, economic reforms Finance Minister informs ratings agency officials that multilateral institutions’ confidence growing in financing projects in Pakistan Updated 23 Jul, 2024 10:57pm
Stocks India hikes taxes on equity investments; fund managers see short-term hit MUMBAI: The Indian government raised the tax rate on equity derivatives trades and on capital gains from equity... Published 23 Jul, 2024 07:48pm
Energy ‘Refineries upgrade at risk due to newly-introduced sales tax exemption’ The government has introduced a sales tax exemption in the Finance Act 2024 on petroleum products, which will... Updated 23 Jul, 2024 08:04pm
Business & Economy PBC questions govt’s ambitious $65bn export target The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has raised concerns... Published 23 Jul, 2024 07:27pm
Money & Banking Monetary Policy Committee: SBP issues advance calendar for meetings in July-December 2024 After much delay, the State Bank of Pakistan (SBP) has issued the advance calendar of Monetary Policy Committee... Updated 23 Jul, 2024 11:15pm
Companies DFML shares progress on EV manufacturing, share price hits upper limit Dewan Farooque Motors Limited (DFML) informed stakeholders regarding the progress made at its assembly plant for the... Updated 23 Jul, 2024 07:18pm
Forex South African rand weakens, eyes on inflation data JOHANNESBURG: The South African rand weakened in early trading on Tuesday, as investors looked towards June... Published 23 Jul, 2024 01:46pm
Stocks London’s FTSE 100 falls as copper miners, automobile stocks weigh London’s FTSE 100 inched down on Tuesday as copper miners weighed heavily on the market, tracking lower copper... Published 23 Jul, 2024 01:44pm
India government cuts gross market borrowings to 14.01 trillion rupees for 2024-25 MUMBAI: The Indian government has lowered its planned gross market borrowing by 120 billion rupees ($1.44 billion)... Published 23 Jul, 2024 01:33pm
Stocks European stock markets diverge at open LONDON: Europe’s main stock markets diverged at the open Tuesday following a strong start to a week dominated by the... Published 23 Jul, 2024 01:24pm
Commodities Gold price per tola decreases Rs500 in Pakistan After registering an increase in the previous session, gold prices in Pakistan registered losses on Tuesday in line... Published 23 Jul, 2024 12:39pm
Stocks Buying returns at PSX as KSE-100 closes nearly 450 points higher After some selling pressure that saw a correction of around 4% in the previous two sessions, positivity returned to... Updated 23 Jul, 2024 07:18pm
Energy MARI successfully concludes Ghazij appraisal program Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, successfully... Published 23 Jul, 2024 11:34am
Bullion Rate Gold prices steady with US economic data in focus Gold prices were steady on Tuesday as investors strapped in for US economic data this week for clarity on the... Published 23 Jul, 2024 10:56am
Stocks Liquor shares drag China stocks down; HK shares flat SHANGHAI: China stocks fell on Tuesday, dragged by liquor shares, as the country’s efforts to spur domestic... Published 23 Jul, 2024 10:55am
Stocks Australian shares rise as banks, tech gain; Woodside and Lynas fall Australian shares rose on Tuesday to snap a three-session losing streak, with banking and technology stocks leading... Published 23 Jul, 2024 10:54am
Commodities Soybeans extend gains as traders weigh Trump re-election chances CANBERRA: Chicago soybean futures extended the climb on Tuesday after a reassessment of Donald Trump’s chances of... Published 23 Jul, 2024 10:53am
Forex Indian rupee nudges higher tracking Asian peers; India budget awaited MUMBAI: The Indian rupee marginally rose on Tuesday, tracking a rise in most of its Asian peers and as investors... Published 23 Jul, 2024 10:51am
Stocks Japan’s Nikkei rebounds from 3-week low as chipmakers, shippers rally TOKYO: Japan’s Nikkei share average rebounded on Tuesday from a three-week low hit in the previous session, as... Published 23 Jul, 2024 10:50am
Mutual Funds India benchmark bond yield flat in run up to budget; focus on FY25 borrowing plan MUMBAI: Indian government bond yields remained flat Tuesday morning as traders stayed put ahead of the keenly... Published 23 Jul, 2024 10:49am
Stocks Asia snaps losing streak as chip stocks bounce SINGAPORE: Asian stocks bounced from one-month lows on Tuesday, with Taiwan’s market snapping a five-day losing... Published 23 Jul, 2024 10:48am
Commodities Philippines says 2024 rice imports will not reach 4.7mn T, as forecast by USDA MANILA: The Philippines’ rice imports will not reach 4.7 million metric tons despite a lowering of tariffs,... Published 23 Jul, 2024 10:44am
Commodities Copper under pressure on China demand concerns BEIJING: Copper prices were under pressure on Tuesday amid growing concerns over the demand outlook in top consumer... Published 23 Jul, 2024 10:43am
Exchange Rupee falls marginally against US dollar Currency settles at 278.41 against the greenback in inter-bank market Updated 23 Jul, 2024 07:24pm
Forex China’s yuan steady following rate cuts, eyes on US data SHANGHAI: The yuan held steady on Tuesday against the US dollar, with analysts saying the fragile currency would... Published 23 Jul, 2024 10:37am
Stocks Indian shares dip as volatility spikes ahead of budget BENGALURU: Indian shares reversed early gains to drop marginally in morning trade on Tuesday, with volatility rising... Published 23 Jul, 2024 10:08am
Forex Aussie, kiwi dollars struggle on China’s rate cuts; dollar adrift SINGAPORE: The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China’s move to... Published 23 Jul, 2024 10:07am
Energy Oil extends losses on ceasefire talks, demand concerns LONDON: Oil prices fell for a third consecutive session on Tuesday, as growing expectations of a ceasefire in Gaza... Updated 23 Jul, 2024 09:25pm
Companies Electric motorcycles: Zyp Technologies announces $1.5mn Series Pre-A funding Zyp Technologies, which operates in the energy and electric motorcycle assembly space, announced on Tuesday that it... Updated 23 Jul, 2024 02:18pm
Taxes FTO ensures payment of Rs17bn refunds to 6,000 complainants LAHORE: The Federal Tax Ombudsman (FTO) has ensured payment of over Rs 17 billion refunds to 6000 complainants over... Published 23 Jul, 2024 08:29am
Money & Banking Indian rupee ends little changed MUMBAI: The Indian rupee closed nearly flat on Monday after slipping to its weakest level on record earlier in the... Published 23 Jul, 2024 08:29am
Money & Banking US dollar slightly higher NEW YORK: The US dollar was slightly higher on Monday, capturing some safe-haven flows, as investors digested US... Published 23 Jul, 2024 08:29am
Money & Banking Asian currencies range-bound BENGALURU: Taiwanese shares tanked to a one-month low on Monday with the Taiwanese dollar leading losses among other... Published 23 Jul, 2024 08:29am
Money & Banking BoE plans expanded repo facilities to avert money market crunch LONDON: The Bank of England said on Monday that banks should get ready to make greater use of its repo facilities as... Published 23 Jul, 2024 08:29am
Industry Higher power cost: FPCCI body highlights adverse impact on economy KARACHI: The FPCCI Standing Committee on Energy, under the chairmanship of Malik Khuda Bakhsh, held an emergency... Published 23 Jul, 2024 08:29am
Industry Chairman APTMA-North urges govt to revise agreements with IPPs LAHORE: Chairman All Pakistan Textile Mill Association (APTMA) North Kamran Arshad has urged the government to ... Published 23 Jul, 2024 08:29am
Industry Capacity charges to IPPs : Traders chalk out protest strategy FAISALABAD. Industrial and trader’s organizations have chalked out a comprehensive protest strategy individually... Published 23 Jul, 2024 08:29am
BOP hosts interactive session on economy with Prof Stefan Dercon KARACHI: The Bank of Punjab held an interactive session of Professor Stefan Dercon with local industry leaders in... Published 23 Jul, 2024 08:25am
Industry FPCCI demands govt review IPP agreements KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has once again urged the government to... Published 23 Jul, 2024 08:10am
Industry PYMA urges govt to reconsider deals with IPPS KARACHI: Sheikh Khalil Qaiser, Chairman of the Pakistan Yarn Merchants Association (PYMA), along with Senior Vice... Published 23 Jul, 2024 08:03am
Money & Banking Banking Mohtasib provides relief of Rs681m to banking customers in H12024 KARACHI: The Banking Mohtasib Pakistan (BMP) has granted monetary relief amounting to Rs 681.07 million to the... Published 23 Jul, 2024 07:59am
Companies foodpanda partners with Dvago to expand health solutions KARACHI: foodpanda recently signed a partnership agreement with Dvago, the largest network of Health & Wellness... Published 23 Jul, 2024 07:36am
Industry Investment Minister, Ambassador of Kuwait agreed to promote trade relations ISLAMABAD: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and ... Published 23 Jul, 2024 07:35am
Energy Govt urged to renegotiate power tariff with IPPs KARACHI: Industrialists urged the federal government to renegotiate the power tariff in the given contracts with... Published 23 Jul, 2024 07:29am
Energy Hike in fuel prices termed death warrant for economy KARACHI: Sharp increase in petrol and electricity prices has taken the traders by storm amid the historic inflation,... Published 23 Jul, 2024 07:26am
Taxes Monthly tax payment rates for small traders notified ISLAMABAD: The Federal Board of Revenue (FBR) late Monday night notified fixed monthly tax payment rates for small... Published 23 Jul, 2024 06:55am
Companies PIA privatisation: final bidding delayed till October 1 KARACHI: The privatisation process of state-owned Pakistan International Airlines (PIA) has been delayed as majority... Updated 23 Jul, 2024 09:16am
Crisis-hit Boeing flies high at Farnborough Airshow FARNBOROUGH, United Kingdom: Boeing announced Monday a raft of orders on the first day of Britain’s Farnborough... Published 23 Jul, 2024 06:34am
IPC re-notified: Govt seeks out of the box solution to NHP issue ISLAMABAD: The federal government has re-notified the Inter-Provincial Committee (IPC) of technical and financial... Updated 23 Jul, 2024 09:39am
Energy FY24 power generation drops 2pc YoY KARACHI: Pakistan’s power generation recorded at 127,259 GWh (14,504MW) during FY24 down 2.0 percent on... Published 23 Jul, 2024 06:34am
Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as... Published 23 Jul, 2024 06:34am
SME sector’s access to finance priority area: DG SBP KARACHI: Deputy Governor, State Bank of Pakistan (SBP), Saleem Ullah has said that ease in access to finance for the... Updated 23 Jul, 2024 08:35am
Money & Banking Brokerage services: DIBPL partners with ZLK ISLAMABAD/KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank UAE, the ... Published 23 Jul, 2024 06:34am
Stocks Investor transactions: PSX transitions to ‘One-Share Marketable Lot’ system KARACHI: Pakistan Stock Exchange (PSX) has successfully transitioned to a One-Share Lot system for investor... Updated 23 Jul, 2024 08:54am
SECP amends Third Schedule: Securities brokers classified as ‘PIC’ ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has classified securities brokers having ... Published 23 Jul, 2024 06:34am
PTA prepares tariff for cellular mobile services regulations ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has prepared “Tariff for Cellular Mobile Telecommunication... Updated 23 Jul, 2024 09:24am
Pakistan not yet on agenda of IMF meetings ISLAMABAD: The International Monetary Fund (IMF) has not yet included Pakistan on the agenda of its executive board... Updated 23 Jul, 2024 09:29am
Companies CAT dismisses Neucon Pakistan appeal ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Neucon Pakistan, affirming the... Updated 23 Jul, 2024 07:52am
Industry Digital financial services termed crucial for widespread financial inclusion ISLAMABAD: Digital financial services for micro, small, and medium enterprises (MSME) in rural and semi-urban... Updated 23 Jul, 2024 08:14am
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