Companies In fuel-guzzling Saudi Arabia, electric cars pique interest RIYADH: For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings,... Published 24 Jul, 2024 07:21pm
Companies Ferrari to accept crypto-payments in Europe ROME: Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency,... Published 24 Jul, 2024 07:17pm
Companies NEXT BASKET: an online business from scratch NEXT BASKET announced that there is now a unique one of its kind platform for creation of online stores. “It enables... Published 24 Jul, 2024 05:36pm
Companies Lucky Core Industries to enhance soda ash plant capacity by 200,000 tons per annum The Board of Directors of Lucky Core Industries Limited (LCI), formerly known as ICI Pakistan Limited, has given its... Updated 24 Jul, 2024 08:05pm
Stocks Major Gulf markets mixed; Saudi extends losses Major stock markets in the Gulf were mixed in early trade on Wednesday as corporate earnings failed to cheer... Published 24 Jul, 2024 03:12pm
Commodities Gold price per tola jumps Rs2,300 in Pakistan After registering a fall in the previous session, gold prices in Pakistan registered gains on Wednesday in line with... Updated 24 Jul, 2024 08:20pm
Stocks China stocks slide to five-month low; Hong Kong drops HONG KONG: Chinese stocks declined on Wednesday, with the Shanghai Composite Index hitting its lowest level in over... Published 24 Jul, 2024 03:01pm
Commodities Copper around 3-1/2-month low on demand concerns, risk-off sentiment BEIJING: Copper prices slipped again on Wednesday, and were hovering around a three-and-a-half month low hit in the... Published 24 Jul, 2024 01:58pm
Stocks European shares open lower as dismal earnings disappoint European shares opened lower on Wednesday, dampened by luxury stocks after dour results from the world’s biggest... Published 24 Jul, 2024 01:45pm
Stocks FTSE 100 extends declines as US tech earnings fail to impress; Aston Martin surges London’s FTSE 100 hit its lowest level in over three weeks on Wednesday as investors digested results from U.S. tech... Published 24 Jul, 2024 01:42pm
Stocks Positivity prevails at PSX, KSE-100 gains over 400 points Rate cut expectations boost sentiment Updated 24 Jul, 2024 08:42pm
Forex Russian rouble strengthens, bolstered by foreign currency sales MOSCOW: The Russian rouble strengthened against the dollar on Wednesday, helped by rising foreign currency sales by... Published 24 Jul, 2024 01:39pm
Financial JGB yields climb as BOJ meet, weak auction spur caution TOKYO: Japanese government bond yields rose on Wednesday as a poorly received auction of 40-year debt left investors... Published 24 Jul, 2024 01:29pm
Forex South African rand extends losses, focus on local inflation data JOHANNESBURG: The South African rand extended losses in early trade on Wednesday, as investors turned their... Published 24 Jul, 2024 12:46pm
Companies Honda Atlas Cars’ profit-after-tax jumps 40% in Apr-Jun Amid massive increase in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) rose nearly... Updated 24 Jul, 2024 10:06pm
Forex Chinese yuan hits eight-month low as commodities currencies continue slide HONG KONG: China’s yuan slipped to its lowest point in more than eight months on Wednesday as commodities-linked... Published 24 Jul, 2024 11:03am
Forex Rupee falls marginally against US dollar Currency settles at 278.50 against the greenback in inter-bank market Updated 24 Jul, 2024 10:05pm
Commodities Palm oil eases on higher supply prospects; strong demand limits BEIJING: Malaysian palm oil futures ticked down for a second session on Wednesday as prospects of higher output in... Updated 24 Jul, 2024 11:23am
Commodities Japan rubber futures rise on firmer synthetic and oil prices SINGAPORE: Japanese rubber futures rose on Wednesday, buoyed by Higher synthetic rubber and oil prices, although... Published 24 Jul, 2024 10:36am
Currency Australia, NZ dollars slump as yen, commodities conspire against them SYDNEY: The Australian and New Zealand dollars were fast approaching major chart bulwarks on Wednesday as sustained... Published 24 Jul, 2024 10:33am
Commodities Gold prices flat as investors focus on US economic data Gold prices struggled for momentum on Wednesday, with investors awaiting U.S. economic data that could influence the... Published 24 Jul, 2024 10:29am
Financial Indian rupee’s downward bias likely to persist; central bank expected to help out MUMBAI: The Indian rupee is expected to decline further on Wednesday due to a rise in the dollar index and a... Published 24 Jul, 2024 10:26am
South Asia Sri Lanka cuts rates to help fuel economic recovery COLOMBO: Sri Lanka’s central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at... Published 24 Jul, 2024 10:14am
Commodities Dalian iron ore extends falls on weakening steel market, demand outlook SINGAPORE: Dalian iron ore futures prices extended their decline for a fourth straight session on Wednesday, weighed... Published 24 Jul, 2024 10:11am
Financial Indian bonds struggle for direction, little help from FY25 budget MUMBAI: Indian government bond yields continued to struggle for direction on Wednesday, a day after the release of... Published 24 Jul, 2024 10:09am
Stocks South Korean shares end lower as Samsung Electronics falls KOSPI closed down 15.58 points, or 0.56%, at 2,758.71 Updated 24 Jul, 2024 01:26pm
Stocks Asian stocks meander after US tech earns disappoint; yen firms SINGAPORE: Asian stocks were subdued on Wednesday after lacklustre earnings from U.S. tech behemoths Tesla and... Published 24 Jul, 2024 09:57am
Stocks Australian shares drifts lower, tracking Wall Street Australian shares drifted lower on Wednesday, tracking the lacklustre end on Wall Street overnight, while a drop in... Updated 24 Jul, 2024 01:36pm
Stocks Japan’s Nikkei closes at one-month low on mixed US tech earnings, yen rally TOKYO: Japan’s Nikkei share average closed lower for a sixth consecutive session on Wednesday, as mixed earnings... Updated 24 Jul, 2024 12:49pm
Stocks Indian shares still sour after tax hike on equity investments BENGALURU: Indian benchmarks were little changed on Wednesday, with sentiment still sour a day after the government... Published 24 Jul, 2024 09:50am
Commodities Oil prices rise off six-week lows as US fuel stocks decline HOUSTON: Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but were still close... Updated 24 Jul, 2024 08:45pm
Forex Dollar firms as commodities slide and carry unwinds SINGAPORE: Commodity currencies touched multi-week lows on Wednesday tracking weakness in Chinese demand, while the... Published 24 Jul, 2024 09:44am
Pakistan, Turkmenistan to develop closer ties in trade, investment ISLAMABAD: Pakistan and Turkmenistan have agreed to develop closer economic engagement in the priority areas of ... Published 24 Jul, 2024 06:56am
India must strengthen manufacturing to create jobs, Fitch analyst says MUMBAI: India needs to strengthen its manufacturing sector to create jobs in the economy and facilitate its... Published 24 Jul, 2024 06:56am
Fishing treaty fails at WTO, prompting US, Chinese concern GENEVA: Countries and environmental groups voiced concern and disappointment on Tuesday after a draft treaty to cut... Published 24 Jul, 2024 06:56am
PYMA urges govt to lower cost of doing business to protect domestic industry KARACHI: The Pakistan Yarn Merchants Association (PYMA) has urgently called upon the federal government to take... Published 24 Jul, 2024 06:56am
PRBC and embassy of Romania strengthen ties to boost trade ISLAMABAD: Embassy of Romania to Pakistan have signed a protocol agreement to enhance economic cooperation and... Published 24 Jul, 2024 06:56am
Companies Ali Takesh joins Philip Morris Pakistan and Afghanistan as new MD KARACHI: Ali Takesh has been appointed as the new Managing Director for Philip Morris Pakistan and Afghanistan,... Published 24 Jul, 2024 06:56am
Taxes Islamabad’s posh areas: Shops now required to pay huge amounts of tax ISLAMABAD: The monthly tax of shops located in posh areas like Jinnah Super (Market F-7) Islamabad has been fixed at... Published 24 Jul, 2024 06:53am
Agriculture and Allied Agri research: Senate body concerned at ‘insufficient’ allocation ISLAMABAD: The Senate Standing Committee on National Food Security & Research expressed concern that only 0.12... Published 24 Jul, 2024 06:49am
Companies Misleading ads: CAT dismisses appeal filed by Eden Builders ISLAMABAD: In a recent development, the Competition Appellate Tribunal (CAT) has dismissed the appeal filed by Eden... Published 24 Jul, 2024 06:47am
Taxes G-B court’s order: Over Rs3bn per annum revenue through imports from China at stake? ISLAMABAD: The Federal Board of Revenue’s tax collection of over Rs 3 billion per annum from imports from China is... Published 24 Jul, 2024 06:32am
Finance minister meets with Moody’s Ratings representatives ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a Zoom meeting with the... Published 24 Jul, 2024 06:27am
SC and SIFC forums: FPCCI will fight case against IPPs’ capacity charges: Mohamin KARACHI: Abdul Mohamin Khan, Acting President of FPCCI, has said, on behalf of the entire business, industry and... Published 24 Jul, 2024 06:01am
FY25 budget: traders reject taxation measures PESHAWAR: Business community have rejected additional taxation measures in budget 2024-25 and stated that it has not... Published 24 Jul, 2024 05:59am
Money & Banking Banks allowed to charge off fully provisioned NPLs KARACHI: The State Bank of Pakistan (SBP) has allowed the banks to charge off the fully provisioned corporate,... Updated 24 Jul, 2024 08:59am
‘IPPs playing major role in destruction of economy’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen... Published 24 Jul, 2024 05:38am
BMP grants Rs681.07m relief to customers in H12024 KARACHI: The Banking Mohtasib Pakistan (BMP) has granted monetary relief amounting to Rs 681.07 million to the... Published 24 Jul, 2024 05:38am
APCDA urges govt to address grievances due to new taxes LAHORE: The All Pakistan Cement Distributors Association (APCDA) urged the government on Tuesday to allocate time to... Published 24 Jul, 2024 05:38am
Increase in sugar price: Minister seeks report from cane commissioner ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain has sought report from the provincial... Published 24 Jul, 2024 05:38am
Kamal highlights potential for enhancing ties with Oman ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan on Tuesday highlighted the significant potential for... Updated 24 Jul, 2024 01:36pm
Money & Banking Yen gains for 2nd day against dollar NEW YORK: The yen rose for a second straight session against the dollar on Tuesday, boosted by comments from a ... Published 24 Jul, 2024 05:38am
Companies Citibank Pakistan wins Euromoney Award KARACHI: Citibank N.A Pakistan has been recognised as the Best International Bank in Pakistan by Euromoney, a ... Published 24 Jul, 2024 05:38am
Companies TMB announces Jahanzeb Khan as new president & CEO KARACHI: Telenor Microfinance Bank (TMB), operator of digital financial services platform easypaisa, has appointed... Published 24 Jul, 2024 05:38am
Taxes Customs officers waiting for posting for 3 years placed in ‘admin pool’? ISLAMABAD: The Federal Board of Revenue (FBR) has not found appropriate to initiate action against any of the tax... Published 24 Jul, 2024 05:38am
Money & Banking Yuan steady against dollar SHANGHAI: The yuan held steady on Tuesday against the US dollar, with analysts saying the fragile currency would... Updated 24 Jul, 2024 06:37am
Money & Banking Aussie, Kiwi dollars struggle on China’s rate cuts SINGAPORE: The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China’s move to... Updated 24 Jul, 2024 06:39am
Money & Banking Indian rupee settles at record closing low MUMBAI: The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains ... Updated 24 Jul, 2024 06:39am
Industry Need stressed for stronger liaison for increased trade with Indonesia LAHORE: Charge d’ Affaires of Indonesia Rahmat Hindiarta Kusuma has said that this is time of collaboration to... Updated 24 Jul, 2024 06:28am
Business & Economy Pakistan’s salaried group comes out on the streets, but after work hours Such is Pakistan’s salaried group protesting power that it took to the streets in Karachi at 5:30pm – after work... Published 24 Jul, 2024 12:44am
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