Stocks Wall St rebounds on tech recovery, small caps jump after benign inflation data Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week’s pummeling, while a... Published 26 Jul, 2024 09:03pm
USA US Fed’s favored inflation measure cools further in June WASHINGTON: The US Federal Reserve’s favored inflation measure eased further in June, according to government data... Published 26 Jul, 2024 07:20pm
Stocks UAE markets hit 4-month high on strong corporate earnings Stock exchanges in the United Arab Emirates closed at a four-month high on Friday on the back of... Published 26 Jul, 2024 07:10pm
Stocks Sri Lanka shares inch down ahead of presidential election CSE All Share index settled down 0.06% at 10,619.60 Published 26 Jul, 2024 07:06pm
Europe Eighty nations strike deal over e-commerce, but lack US backing GENEVA: Around 80 countries reached agreement on Friday on rules governing global digital commerce including... Published 26 Jul, 2024 07:03pm
Money & Banking India’s foreign exchange reserves rise for third week, hit record high BENGALURU: India’s foreign exchange reserves rose for a third straight week, hitting a lifetime high of $670.86... Published 26 Jul, 2024 06:54pm
Stocks KSE-100 sheds 440 points as selling pressure persists The Pakistan Stock Exchange (PSX) witnessed another negative session on Friday, as the KSE-100 lost 440 points to... Updated 26 Jul, 2024 10:17pm
Commodities Asia gold: India flips to premium after import duty reduction spurs demand Gold premiums in India jumped to their highest level in a decade this week, as the government’s move to cut import... Published 26 Jul, 2024 05:28pm
Stocks Indian shares log best weekly winning streak since 2010 BENGALURU: Information technology stocks lifted Indian benchmark indexes on Friday as an improvement in economic... Published 26 Jul, 2024 05:12pm
Commodities Copper set for third weekly decline on Chinese demand woes LONDON: Copper prices were on track for a third consecutive weekly decline on Friday on concerns that a return of... Published 26 Jul, 2024 05:09pm
Commodities Palm snaps 3-session losing run on strong exports, logs weekly decline BEIJING: Malaysian palm oil futures on Friday gained some ground lost this week and snapped a three-session decline... Published 26 Jul, 2024 05:07pm
Energy Global LNG: Asia spot prices slip as Freeport LNG loadings resume, Japan stocks rise SINGAPORE: Asian spot liquefied natural gas (LNG) prices eased this week, amid a resumption of loading at Freeport... Published 26 Jul, 2024 05:04pm
Business & Economy China’s central bank governor meets Pakistan finance minister in Beijing BEIJING: China’s central bank governor Pan Gongsheng on Friday met with Pakistan’s Finance Minister Muhammad... Updated 26 Jul, 2024 09:53pm
Business & Economy ADB approves $400mn concessional loan for Sindh Emergency Housing Reconstruction Project Says project is key part of its multifaceted response to Pakistan’s flood crisis and forms part of the bank's commitment to provide $1.5bn in total assistance from 2023 to 2025 Updated 26 Jul, 2024 10:31pm
Companies SNGPL posts Rs10.6bn in profit in FY23, largely flat year-on-year Sui Northern Gas Pipelines Limited reported a profit-after-tax of Rs10.56 billion during the financial year ending... Updated 26 Jul, 2024 07:13pm
Business & Economy SBP widely seen cutting key policy rate on Monday Only one analyst out of 14 predicts rates would be held at 20.5%; the rest forecast a cut Updated 26 Jul, 2024 10:30pm
Commodities Gold price per tola increases Rs1,000 in Pakistan After registering a decrease in the previous session, gold prices in Pakistan registered gains on Friday in line... Published 26 Jul, 2024 01:22pm
Stocks European shares set for modest weekly losses after mixed bag of earnings European shares were flat on Friday, set for a modest weekly loss as a mixed batch of corporate earnings left the... Published 26 Jul, 2024 12:20pm
Currency Rupee marginally up against US dollar Currency settles at 278.34 against the greenback in inter-bank market Updated 26 Jul, 2024 10:13pm
Commodities Copper edges lower as China demand outlook weighs NEW DELHI: Copper prices were subdued on Friday as concerns over demand in top consumer China weighed, although the... Published 26 Jul, 2024 11:08am
Indonesia central bank has intervened in FX market, official says JAKARTA: Indonesia’s central bank has intervened in the foreign exchange market on Friday, a senior official said,... Published 26 Jul, 2024 10:58am
Stocks Japan’s Nikkei rebounds from three-month low but set for weekly drop TOKYO: Japan’s Nikkei share average traded higher on Friday, snapping a seven-day losing streak, as investors... Published 26 Jul, 2024 10:38am
Commodities US weather concerns push soybeans, corn towards 4% weekly gain CANBERRA: Chicago soybean and corn futures edged lower on Friday, but were headed for weekly gains of around 4%... Published 26 Jul, 2024 10:37am
Stocks Indian shares open higher; metals lead BENGALURU: Indian shares were marginally higher on Friday as investors bought into the dip after losses in the past... Published 26 Jul, 2024 10:31am
Stocks Australian shares recoup losses as mining, energy stocks climb Australian shares climbed on Friday after a sharp drop in the previous session, as mining and energy stocks gained,... Published 26 Jul, 2024 10:29am
Stocks Yen steady, Asian stocks weak as wild week winds down TOKYO: The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets... Published 26 Jul, 2024 10:28am
Forex China’s yuan eases slightly as dollar stabilises SHANGHAI: The yuan eased slightly against the US dollar on Friday, after having notched up its strongest close in... Published 26 Jul, 2024 10:24am
Bullion Rate Gold firms ahead of US inflation data, but set for weekly loss Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key US inflation reading that could... Published 26 Jul, 2024 10:23am
Forex Indian rupee likely to slip to all-time low amid Chinese yuan volatility MUMBAI: The Indian rupee is expected to dip at an all-time low on Friday amid volatility in the Chinese yuan, which... Published 26 Jul, 2024 10:22am
Mutual Funds India 10-year bond yield dips to 2-year low; auction demand key MUMBAI: Indian government bond yields declined early in the session on Friday, with the 10-year benchmark bond yield... Published 26 Jul, 2024 10:20am
Commodities Palm oil snaps three days of losses after strong exports data BEIJING: Malaysian palm oil futures on Friday regained some ground lost this week, helped by robust exports and... Published 26 Jul, 2024 10:17am
Forex Australia, NZ dollars set for biggest two-week drop in almost two years SYDNEY: The Australian and New Zealand dollars were set for the biggest two-week drop in nearly two years as a bout... Published 26 Jul, 2024 10:02am
Forex Yen heads for strongest week in 3 months as carry trades unwind SINGAPORE: The yen was poised for its strongest week in nearly three months on Friday as traders unwound their... Published 26 Jul, 2024 10:00am
Energy Brent, US crude futures fall on sagging China demand HOUSTON: Brent and U.S. oil crude futures fell more than $2 a barrel on Friday on declining Chinese demand and hopes... Updated 26 Jul, 2024 09:56pm
Business processes: PRA taking big leap towards integrated automated solution LAHORE: The Punjab Revenue Authority (PRA) is all set to launch Punjab Sales Tax on Services Return in August 2024,... Published 26 Jul, 2024 07:58am
Energy Fixing oil prices: PPDA supports PM decision to end govt’s intervention KARACHI: The Pakistan Petroleum Dealers Association (PPDA) said on Thursday that it supported the decision of the... Published 26 Jul, 2024 07:52am
Companies Visa and travel: S Arabia will facilitate Pakistani tech cos: envoy ISLAMABAD: Ambassador of the Kingdom of Saudi Arabia to Pakistan Nawaf bin Saeed Ahmad Al-Malkiy assured to support... Published 26 Jul, 2024 07:50am
SECP holds online session for missions, consular offices in EU ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) as part of its objective to facilitate foreign... Published 26 Jul, 2024 06:58am
Industry Product info concealed: CAT upholds CCP penalty against battery makers ISLAMABAD: The Competition Appellate Tribunal (CAT) has unanimously upheld the level of penalty imposed by the... Published 26 Jul, 2024 06:47am
CBD Punjab participates in UNEP workshop in DUBAI LAHORE: Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District... Published 26 Jul, 2024 06:45am
ECO member countries: Dar reaffirms support to enhance intra-regional trade ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday reaffirmed Pakistan’s full support in... Published 26 Jul, 2024 06:27am
MENA Pakistanis have a rising interest in relocating to Dubai: immigration expert KARACHI: Dubai’s efforts to attract talented persons is reaping dividends as a greater number of Pakistanis are... Updated 26 Jul, 2024 10:51am
Money & Banking NBP says committed to expanding loan facility for youth KARACHI: Rehmat Ali Hasnie, President & CEO National Bank of Pakistan (NBP) expressed his commitment to ... Published 26 Jul, 2024 06:21am
Money & Banking ABL launches K2 Expedition 2024 LAHORE: Allied Bank Limited (ABL) announces the launch of its K2 Expedition 2024, an initiative that merges the... Updated 26 Jul, 2024 07:09am
Companies FFC opens SONA Centres in Sharaqpur and Muridke LAHORE: Given the country’s agricultural development and to support government’s efforts, Fauji Fertilizer... Published 26 Jul, 2024 06:21am
Money & Banking Deutsche Bank declares PLS rates KARACHI: The Deutsche Bank has declared PLS rates June 30, 2024. =========================================== Type ... Published 26 Jul, 2024 06:21am
Money & Banking Mobilink Bank upgrades treasury operations with AutoSoft Dynamics ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has brought on board AutoSoft Dynamics, a... Published 26 Jul, 2024 06:21am
Industry Omani trade delegation visits Pakistan under SIFC auspices ISLAMABAD: A high-level delegation from the Sultanate of Oman, representing the Ministry of Commerce, Industry, and... Published 26 Jul, 2024 06:21am
Companies PTA, NTL sign agreement ISLAMABAD: To streamline the identity verification process for telecom service providers in Pakistan, the Pakistan... Published 26 Jul, 2024 06:21am
Companies PQGTL, Yousuf Dewan Group sign MoU KARACHI: Pak-Qatar General Takaful Limited (PQGTL) and Yousuf Dewan Group have signed a Memorandum of Understanding... Published 26 Jul, 2024 06:21am
Industry ‘South Asia with its vast market potential presents promising destination for Chinese investors’ ISLAMABAD: South Asia, with its vast market potential and growing economies, presents a promising destination for... Published 26 Jul, 2024 06:17am
Industry Ports & shipping sector: Stakeholders favour setting up of ‘LSPRA’ KARACHI: All stakeholders of Ports & Shipping sector unanimously favored the idea to establish an autonomous... Published 26 Jul, 2024 06:17am
Industry ‘Public-power cos confrontation increasing due to inflated bills’ KARACHI Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen ... Published 26 Jul, 2024 06:16am
Forex reserves fall by $369m KARACHI: The country’s total liquid foreign reserves declined by $ 369 million during the last week due to ... Published 26 Jul, 2024 05:49am
Political turmoil, tax-laden budget: Businesses say Shehbaz govt ‘worse manager’ of economy: Gallup KARACHI: Calling the government of Prime Minister Shehbaz Sharif as ‘worse manager’ of the economy, the country’s... Updated 26 Jul, 2024 09:21am
Companies Wafi acquiring stake: AHL gives public offer notice to Shell KARACHI: Arif Habib Limited (Manager to the Offer) on behalf of its client Wafi Energy Holding Limited (Acquirer)... Published 26 Jul, 2024 05:49am
Money & Banking Yen hits 2-1/2-month high vs dollar NEW YORK: The Japanese yen rallied for a fourth straight session against the dollar on Thursday, hitting a... Updated 26 Jul, 2024 06:14am
Money & Banking Asian currencies: Indonesian rupiah falls to two-week low BENGALURU: Equities in Asian emerging markets were under pressure on Thursday after lacklustre earnings from US tech... Updated 26 Jul, 2024 06:14am
Capital market boost: SECP discusses strategy with PSX board KARACHI: The top management of the Securities and Exchange Commission of Pakistan (SECP) met with the Board of... Updated 26 Jul, 2024 06:18am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US