Companies Honda Atlas plans to enter hybrid cars market at CAPEX of Rs5bn: report Honda Atlas Cars Limited (HCAR) has shared its plan to soon enter the hybrid market in Pakistan – possibly with the... Published 25 Jul, 2024 09:19pm
Forex SBP-held foreign exchange reserves decrease $397mn, now stand at $9.02bn Total liquid foreign reserves held by the country stand at $14.33 billion Updated 25 Jul, 2024 11:32pm
Stocks Selling pressure at PSX, KSE-100 loses 928 points Benchmark index snaps two-session rally to settle below 79,000 Updated 25 Jul, 2024 09:59pm
Companies Nestle cuts sales forecast as price rises slow ZURICH: Swiss food giant Nestle lowered its sales growth outlook for 2024 Thursday as it slowed its price increases... Published 25 Jul, 2024 05:04pm
Business & Economy PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India After posting a detailed chart showing how Pakistan’s salaried class is paying up to 9.4 times more tax than in... Updated 26 Jul, 2024 05:10pm
Companies Maple Leaf Cement looks to increase stake, control in Agritech Limited Maple Leaf Cement Factory Limited (MLCF) has expressed its intention to acquire additional shares and control of... Updated 25 Jul, 2024 10:12pm
Stocks Major Gulf markets retreat on weak oil Major stock markets in the Gulf retreated in early trade on Thursday following a decline in oil prices, although the... Published 25 Jul, 2024 03:17pm
Stocks China stocks slump on economic concerns, PBOC lending at lower rate SHANGHAI: China stocks slumped on Thursday, tracking weakness in global markets, with investors worrying about the... Published 25 Jul, 2024 02:59pm
Commodities Japan rubber futures slide to two-month low on weak Chinese economic sentiment, stronger yen SINGAPORE: Japanese rubber futures slid to a two-month low on Thursday, weighed down by weak economic sentiment in... Published 25 Jul, 2024 01:43pm
Stocks South Korean shares post worst day in three months on tech rout KOSPI closed down 48.06 points, or 1.74%, at 2,710.65 Published 25 Jul, 2024 01:39pm
Forex Russian rouble strengthens ahead of interest rate decision MOSCOW: The Russian rouble strengthened against the dollar on Thursday, helped by rising foreign currency sales by... Published 25 Jul, 2024 01:35pm
Forex Kenya shilling steady, central bank sales could provide support NAIROBI: Kenya’s shilling was stable on Thursday, but could to come under pressure due to offshore dollar demand,... Published 25 Jul, 2024 01:31pm
Companies Fauji Fertilizer Bin Qasim quarterly profit surges 495% YoY, clocks in at Rs8.3bn Fauji Fertilizer Bin Qasim Limited reported a profit-after-tax (PAT) of Rs8.28 billion during the three-month period... Updated 25 Jul, 2024 10:55pm
Stocks FTSE 100 tumbles as gold miners weigh; Unilever surges after profit beat The FTSE 100 fell to its lowest in nearly three months on Thursday, pressured by gold miners, while Unilever surged... Published 25 Jul, 2024 01:19pm
Stocks Stock markets slump after Wall Street’s tech plunge LONDON: Heavy selloffs in tech stocks hammered equity markets Thursday, tracking a plunge on Wall Street as... Updated 25 Jul, 2024 05:06pm
Commodities Gold price per tola declines Rs2,300 in Pakistan After registering an increase in the previous session, gold prices in Pakistan registered losses on Thursday in line... Updated 25 Jul, 2024 03:48pm
Forex South African rand weaker, focus on US economic data JOHANNESBURG: The South African rand was weaker in early trade on Thursday, ahead of U.S. economic data readings... Published 25 Jul, 2024 11:59am
Companies Unilever profit edges higher in first half LONDON: British consumer goods giant Unilever said Thursday that net profit edged up four percent in the first six... Published 25 Jul, 2024 11:51am
Financial Short-term JGB yields rise as speculation builds for BOJ rate hike TOKYO: Short-term Japanese government bond yields rose on Thursday while those on longer-dated debt eased,... Published 25 Jul, 2024 11:42am
Forex Indian rupee supported by likely RBI intervention as equity pressure lingers MUMBAI: The Indian rupee was little changed on Thursday as the Reserve Bank of India likely intervened to support... Published 25 Jul, 2024 11:12am
Commodities Palm oil extends falls on higher output estimates, weaker rivals BEIJING: Malaysian palm oil futures fell for a third session on Thursday, weighed down by weaker competing edible... Published 25 Jul, 2024 11:09am
Exchange Rupee marginally appreciates against US dollar Currency settles at 278.41 against greenback in inter-bank market Updated 25 Jul, 2024 10:03pm
Commodities Iron ore drops further as strong supply, China steel sell-off weigh SINGAPORE: Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and the... Published 25 Jul, 2024 10:06am
Forex China yuan firms to one-week high against weaker dollar SHANGHAI: The yuan strengthened to one-week high on Thursday against the U.S. dollar, even after China’s central... Published 25 Jul, 2024 10:04am
Commodities Gold skids on profit-taking, US economic data on radar Gold prices fell nearly 1% on Thursday, as investors booked profits ahead of U.S. economic data that could offer... Published 25 Jul, 2024 10:00am
Commodities Copper falls below $9,000 level on China demand concerns BEIJING: London copper fell further on Thursday to trade below the $9,000 per-metric-ton level for the first time... Published 25 Jul, 2024 09:57am
Stocks Tech slump knocks Asia shares, yen towers at 2-1/2-month peak SYDNEY: Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less... Published 25 Jul, 2024 09:55am
Stocks Tech rout drags Australian shares to two-week low; resources hit A rout in local technology stocks, in line with a global sell-off, pressured Australian shares which ended at their... Updated 25 Jul, 2024 12:03pm
Stocks Japan’s Nikkei ends at 3-month low as yen strengthens TOKYO: Japan’s Nikkei share average ended at a three-month low and posted its biggest daily decline in three years... Updated 25 Jul, 2024 11:57am
Stocks Indian shares drop as Axis Bank results weigh BENGALURU: Indian shares opened lower on Thursday after poor quarterly results by private lender Axis Bank added to... Published 25 Jul, 2024 09:48am
Energy Oil slips on gloomy Chinese demand outlook Oil prices slipped on Thursday as lacklustre Chinese consumption signalled weaker demand from the world’s biggest... Updated 25 Jul, 2024 08:15pm
Forex Yen jumps as carry trades unwind, risk mood sours SINGAPORE: The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month... Published 25 Jul, 2024 09:42am
Money & Banking Dollar falls against resurgent yen NEW YORK: The dollar fell to its lowest in more than two months against the yen on Wednesday as short-yen carry... Published 25 Jul, 2024 07:08am
Money & Banking Asian currencies: Thai baht edges higher; rupiah, ringgit slip BENGALURU: Currencies and stocks in Asian emerging markets were in a holding pattern on Wednesday as traders awaited... Published 25 Jul, 2024 07:08am
Money & Banking BoE unveils new stability tool to soothe gilt market ructions LONDON: The Bank of England on Wednesday set out details of a new financial stability tool that insurers and pension... Published 25 Jul, 2024 07:08am
Industry USC business plan to be ready in two months ISLAMABAD: The business plan of the Utility Stores Corporation (USC) is presently under development and will be... Published 25 Jul, 2024 07:06am
Coordination of provincial economic policies discussed ISLAMABAD: Federal Minister of Planning and all provincial planning ministers discussed strategies about ... Published 25 Jul, 2024 06:57am
Industry LCCI establishes SECP Clinic LAHORE: The Lahore Chamber of Commerce and Industry has established SECP Clinic in collaboration with the Securities... Published 25 Jul, 2024 06:56am
Taxes Customs SRO 450(1)/2001: Business community urges govt to revisit Subrule 664(q) KARACHI: The business community in Pakistan has expressed its deep concerns over the unintended consequences of... Published 25 Jul, 2024 06:33am
NA panel asks ministry to work on India trade prospects ISLAMABAD: Standing Committee on Commerce Chairman Muhammad Hanif on Wednesday asked the Commerce Ministry officials... Published 25 Jul, 2024 06:24am
Further cut in key policy rate expected KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce Monetary Policy on Jul 29, 2024 with expectation... Updated 25 Jul, 2024 09:01am
Discos tariff: CPPA-G revises upward its positive adjustment request for June ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has revised its positive adjustment request for... Updated 25 Jul, 2024 09:20am
Industry UET, FF Steel sign MoU to promote research culture in industry PESHAWAR: The University of Engineering and Technology (UET), Peshawar's Department of Mechanical Engineering and... Published 25 Jul, 2024 06:24am
Kati supports PM’s directive to increase export KARACHI: President of the Korangi Association of Trade and Industry (KATI) Johar Qandhari has expressed strong... Published 25 Jul, 2024 06:24am
Industry ‘Seed industry holds key role in national development’ HYDERABAD: In a compelling address at the closing ceremony of a two-day workshop, Dr Fateh Marri, Vice Chancellor of... Published 25 Jul, 2024 06:24am
Money & Banking Commerce Plex, Faysal Bank partner to revolutionise remittances KARACHI: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with... Published 25 Jul, 2024 06:24am
Leather Korangi Industrial Area: Rs277.396m provided for improvement of infrastructure: minister KARACHI: Provincial Minister for Industries and Commerce Jam Ikramullah Dharejo said that Sindh government has... Published 25 Jul, 2024 06:24am
Companies ‘Cropwise Grower’ becomes Pakistan’s biggest agri-tech app LAHORE: Syngenta Pakistan, a leading agriculture innovation and technology company has introduced ‘Cropwise... Published 25 Jul, 2024 06:24am
Taxes Tax dept fails to tax the amount transferred to WPPF LAHORE: The tax department remained unsuccessful in taxing the amount transferred by a beverage company to Workers... Published 25 Jul, 2024 06:24am
Industry Bilateral trade expansion: German envoy speaks about criticality of synergies LAHORE: German Ambassador Alfred Grannas has stressed on developing synergies in bilateral trade expansion, mutual... Published 25 Jul, 2024 06:24am
Industry PTA seeks tariff concession for leather sector KARACHI: The Chairman, Pakistan Tanners’ Association (PTA), Muhammad Mehr Ali has said the present plight of the... Published 25 Jul, 2024 06:24am
Industry Ratings case: CAT dismisses appeal filed by PBA ISLAMABAD: In a decisive ruling, the Competition Appellate Tribunal (CAT) has dismissed an appeal filed by the... Published 25 Jul, 2024 06:24am
Money & Banking Corporate Restructuring Companies: SBP revises guidelines for transfer of NPAs KARACHI: The State Bank of Pakistan (SBP) made some necessary amendments in the guidelines to facilitate Financial... Published 25 Jul, 2024 06:24am
Industry Govt urged to review agreements with IPPs KARACHI: Syed Mazhar Ali Nasir, former Senior Vice President of the Federation of Pakistan Chambers of Commerce and... Published 25 Jul, 2024 06:24am
Taxes FTO voices concern over delay in release of imported vehicle ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern over delay in the release of an imported... Published 25 Jul, 2024 06:24am
Aleem briefs Chinese envoy about investment potential ISLAMABAD: Chinese Ambassador Jiang Zaidong was given a high-level briefing at the Board of Investment (BOI) for... Updated 25 Jul, 2024 06:59am
Pakistan calls for right of developing countries to access dual-use goods, technologies ISLAMABAD: Pakistan on Wednesday called for the right of developing countries to access dual-use goods and... Updated 25 Jul, 2024 07:00am
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