Govt reduces petrol price by Rs6.17, HSD’s by Rs10.86 per litre New prices come into effect from August 1, 2024 Updated 31 Jul, 2024 11:27pm
Stocks Most Gulf markets in red after killing of Hamas leader Most stock markets in the Middle East ended lower on Wednesday as the killing of Hamas leader Ismail Haniyeh in Iran... Published 31 Jul, 2024 06:43pm
Stocks Chip stocks bolster Nasdaq, S&P 500 before Fed verdict The Nasdaq and the S&P 500 were poised to open sharply higher on Wednesday after a bullish forecast from AMD... Published 31 Jul, 2024 06:38pm
Stocks Sri Lanka shares end lower as industrials, healthcare drag CSE All-Share index settled 0.91% lower at 11,406.56 Published 31 Jul, 2024 06:12pm
Stocks Indian shares led higher by metal stocks; Fed commentary eyed BENGALURU: Indian shares inched higher on Wednesday, led by metal stocks, while the focus shifts to the Federal... Published 31 Jul, 2024 05:11pm
Commodities Copper up on hope for China’s stimulus after weak factory data LONDON: Copper prices rebounded on Wednesday with calls to boost consumption at a meeting of China’s top... Published 31 Jul, 2024 05:09pm
Commodities Palm oil drops on strong ringgit, posts second monthly fall JAKARTA: Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July... Published 31 Jul, 2024 05:07pm
Stocks Pakistan’s internet outage takes toll on trading momentum, KSE-100 plunges nearly 1% in final hour Analysts say inability to access real-time data could have triggered panic selling towards end of session Updated 31 Jul, 2024 06:05pm
Companies Transaction complete: PHDL transfers title, possession of Regent Plaza to SIUT Trust Pakistan Hotels Developers Limited (PHDL) has transferred the title and possession of Regent Plaza, a four-star... Updated 31 Jul, 2024 06:01pm
Stocks Major Gulf markets ease amid tensions after killing of Hamas leader Major stock markets in the Gulf eased in early trade on Wednesday, as the killing of Hamas leader Ismail Haniyeh in... Published 31 Jul, 2024 02:38pm
Stocks European stock markets jump at open LONDON: Europe’s main stock markets opened sharply higher Wednesday on growing hopes that the Federal Reserve may... Published 31 Jul, 2024 01:34pm
Commodities Gold price per tola increases Rs1,200 in Pakistan Gold prices in Pakistan registered gains on Wednesday in line with the increase in the international rate. In the... Updated 31 Jul, 2024 03:35pm
Mutual Funds Short-term JGB yields ride 15-year high as BOJ hikes rates TOKYO: Japanese government bond yields jumped on Wednesday, with that on the two-year note scaling a 15-year high,... Published 31 Jul, 2024 01:07pm
Commodities Palm oil tracks rival oils lower, set for second monthly drop JAKARTA: Malaysian palm oil futures fell and were headed for a second straight monthly drop on Wednesday, tracking... Published 31 Jul, 2024 01:00pm
Forex Sterling options volatility hits highest in a year ahead of BoE LONDON: Sterling options volatility exploded to its highest in almost a year on Wednesday, reflecting the degree of... Published 31 Jul, 2024 12:24pm
France’s Societe Generale to buy 75% stake in energy-focused investment firm Reed Management PARIS: French bank Societe Generale said on Wednesday it had agreed to buy a 75% stake in Reed Management, an... Published 31 Jul, 2024 12:16pm
Companies UBL’s profit clocks in at massive Rs15.3bn in 2QCY24 United Bank Limited (UBL), one of Pakistan’s largest commercial banks, posted consolidated earnings of a massive... Updated 31 Jul, 2024 05:59pm
Companies Indus Motor starts vehicle export to other Toyota affiliated companies, but ‘financial benefits minimal’ Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, said it has... Updated 31 Jul, 2024 03:39pm
Stocks Australian shares advance 1% after benign core inflation Australian shares advanced more than 1% on Wednesday, helped by a rebound in banking and mining stocks, after data... Published 31 Jul, 2024 11:05am
Stocks Indian shares open marginally higher; brokerage stocks drop BENGALURU: Indian shares opened marginally higher on Wednesday, led by Maruti Suzuki India ahead of its quarterly... Published 31 Jul, 2024 11:01am
Companies Engro Fertilizers’ earnings stand at Rs1.6bn in 2QCY24, up 57% YoY Engro Fertilizers Limited (EFERT), a wholly-owned subsidiary of Engro Corporation Limited, posted a profit after tax... Updated 31 Jul, 2024 03:39pm
Mutual Funds India bond yields tad lower, Fed outlook key for further directional move MUMBAI: Indian government bond yields were a tad lower on Wednesday amid persistent demand from domestic banks,... Published 31 Jul, 2024 10:44am
Forex Rupee sees marginal decline against US dollar Currency settles at 278.74 against the greenback in inter-bank market Updated 31 Jul, 2024 11:26pm
Stocks Indian shares little changed as profit booking continues BENGALURU: Indian shares were little changed on Wednesday as profit booking continued with the benchmark indexes... Published 31 Jul, 2024 10:39am
Bullion Rate Gold prices set for monthly gain on US rate cut hopes, Mideast tensions Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate... Published 31 Jul, 2024 10:35am
Commodities Chicago soybean, corn hover near 2020 lows on US weather outlook BEIJING: Chicago soybean and corn ticked up on Wednesday, but remained near their lowest levels since 2020, as... Published 31 Jul, 2024 10:29am
Stocks Japan banks lead Nikkei higher after BOJ raises rates TOKYO: Japan’s Nikkei share average rose on Wednesday, helped by banks after the Bank of Japan raised interest rates... Published 31 Jul, 2024 10:21am
Forex Indian rupee flat ahead of Fed decision, sheds early rise MUMBAI: The Indian rupee trimmed early gains on Wednesday even as Asian peers rose ahead of the Federal Reserve’s... Published 31 Jul, 2024 10:18am
Lufthansa forecasts earnings slump in third quarter as costs rise BERLIN: German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs... Published 31 Jul, 2024 10:15am
Forex China’s yuan firms with yen, Politburo signals stimulus SHANGHAI: China’s yuan strengthened on Wednesday, in line with the yen as the Bank of Japan raised short-term rates... Published 31 Jul, 2024 10:09am
Samsung Electronics Q2 shows fastest growth in over a decade SEOUL: Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits... Published 31 Jul, 2024 09:58am
HSBC records $21.6 billion pre-tax profit in first half 2024 HONG KONG: Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6... Published 31 Jul, 2024 09:49am
Bank of Japan raises key interest rate for second time in 17 years TOKYO: The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another... Published 31 Jul, 2024 09:46am
Stocks Asian stocks sit tight, yen firms as BOJ beckons SINGAPORE: Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether... Published 31 Jul, 2024 09:43am
Forex Yen braces for BOJ decision with risk events aplenty SINGAPORE: The yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision... Published 31 Jul, 2024 09:40am
Energy Oil rises as Mideast tensions overshadow China data concerns BENGALURU: Oil prices climbed around $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader... Updated 31 Jul, 2024 08:05pm
Pakistan’s healthcare sector struggling with R&D deficiencies, medicine shortages KARACHI: Pakistan’s healthcare sector is facing severe challenges due to a lack of research and development... Updated 31 Jul, 2024 09:53am
Companies BoK, Abasin Art Council host award- distribution ceremony PESHAWAR: Bank of Khyber (BoK), in collaboration with the Abasin Art Council, hosted an Award Distribution ceremony... Published 31 Jul, 2024 06:50am
MENA Dubai shows strongest rental growth in first half of 2024: Savills Dubai led a list of 30 markets that had the strongest rental growth during the first half of 2024, underscoring the... Updated 31 Jul, 2024 03:41pm
Money & Banking ICMA advocates further cut in interest rate KARACHI: The Institute of Cost and Management Accountants (ICMA) has welcomed the recent decision by the State Bank... Published 31 Jul, 2024 06:50am
Money & Banking Indian rupee ends flat MUMBAI: The Indian rupee closed flat on Tuesday after lingering in a tight band through the day’s session as... Published 31 Jul, 2024 06:50am
Money & Banking Yen weakens before BOJ rate decision NEW YORK: The Japanese yen weakened on Tuesday before the Bank of Japan’s decision on whether to hike rates while... Published 31 Jul, 2024 06:50am
Money & Banking Asian currencies struggle for direction BENGALURU: South Korea and Taiwan stocks fell more than 1% each on Tuesday, leading declines across Asia’s ... Published 31 Jul, 2024 06:50am
Industry Readability, standardize insurers’ values: SECP issues revised illustration format ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a revised illustration format to... Published 31 Jul, 2024 06:50am
Sales tax registered persons: Deadline extended for biometric re-verification ISLAMABAD: The Federal Board of Revenue (FBR) has extended deadline up to August 31, 2024 for sales tax registered... Updated 31 Jul, 2024 09:21am
IT, agri sector and SMEs: Aurangzeb asks banks to lend more KARACHI: Federal Minister for Finance & Revenue, Muhammad Aurangzeb has asked banks to enhance their financing ... Published 31 Jul, 2024 06:40am
Economic Update & Outlook: July statement characterised by absence of key info ISLAMABAD: The July 2024 Economic Update and Outlook, a regular monthly publication by the Finance Division, is... Published 31 Jul, 2024 06:40am
S&P Global keeps rating at ‘CCC+’, citing reliance on foreign aid ISLAMABAD: The Standard and Poor (S&P Global Ratings) affirmed its “CCC+” long-term sovereign credit rating... Published 31 Jul, 2024 06:40am
Macroeconomic stability now key govt objective KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to... Published 31 Jul, 2024 06:40am
Remaining PSM land: Centre, Sindh agree to establish SEZ KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer on... Updated 31 Jul, 2024 10:29am
Number of cellular subscribers rises to 192.53m ISLAMABAD: The number of cellular subscribers increased from 192.32 million by end-May 2024 to 192.53 million by... Published 31 Jul, 2024 06:40am
Money & Banking Cut in interest rate termed ‘insignificant’ KARACHI: Terming the recent cut in interest rate insignificant, experts and industry leaders have asked the State... Published 31 Jul, 2024 06:40am
Telecom co ‘fails’ to prove deductible expenses exceeding its taxable income LAHORE: A telecom company has failed to establish that its deductible expenses exceeded its taxable income, said... Published 31 Jul, 2024 06:40am
Industry Pakistan, Sri Lanka BPC discuss trade, economic cooperation ISLAMABAD: Pakistan and Sri Lanka have decided to explore new opportunities for cooperation in the fields of... Published 31 Jul, 2024 06:40am
Industry KDA announces new industrial zone at Surjani KARACHI: Syed Shujaat Hussain, Director General of the Karachi Development Authority (KDA) has announced the... Published 31 Jul, 2024 06:40am
Petroleum products into sales Tax exemption: Change of status of zero-rating to benefit FBR worth Rs20bn ISLAMABAD: The change of status of zero-rating of petroleum products into sales tax exemption would benefit Federal... Published 31 Jul, 2024 06:40am
Industry ‘Textile Asia International Exhibition’ begins on August 3 LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) collaborated with E-commerce Gateway Pakistan... Published 31 Jul, 2024 06:40am
Companies CAT dismisses Zafar Cables’ plea against CCP ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed Zafar Cables’ appeal against the Competition... Published 31 Jul, 2024 06:40am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US