Stocks Gulf shares broadly extend gains amid global stock rebound Stocks in the Middle East broadly rose on Wednesday, extending their comeback from an aggressive sell-off in global... Published 07 Aug, 2024 07:36pm
Companies Adani Enterprises to return to equity market with $1bn share sale, sources say MUMBAI: Adani Enterprises Ltd is likely to launch a $1 billion share sale by mid-September, three sources with... Published 07 Aug, 2024 07:20pm
Stocks Sri Lankan shares close little changed CSE All-Share index ended 0.01% higher at 11,294.71 points. Published 07 Aug, 2024 07:16pm
Taxes Rashid Mahmood Langrial appointed as new FBR chairman He is presently posted as Secretary Power Division Updated 07 Aug, 2024 10:00pm
Stocks Indian shares snap 3-day losing run to join global rebound BENGALURU: India’s benchmark indexes rose about 1% on Wednesday, snapping a three-session losing streak and a day... Published 07 Aug, 2024 04:57pm
Commodities Copper slumps on jump in inventories, weak Chinese data LONDON: Copper prices resumed their downtrend on Wednesday after data from leading metals consumer China showed weak... Published 07 Aug, 2024 04:55pm
Commodities Palm oil surrenders early gains on weaker rival contracts KUALA LUMPUR: Malaysian palm oil futures gave up early gains on Wednesday to extend losses to a third session, as... Published 07 Aug, 2024 04:50pm
Companies ‘No capacity payments’ received since PPA expiry in October 2022, says KAPCO Pakistan’s power producer Kot Addu Power Company Limited (KAPCO) has rejected reports it is receiving payments... Updated 07 Aug, 2024 08:45pm
Stocks Pakistan’s pharma company BF Biosciences looks to raise at least Rs1.38bn through IPO Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) is planning an initial public offering (IPO) at the... Updated 07 Aug, 2024 09:09pm
Commodities Jordan issues tender to buy up to 120,000 metric tons wheat HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling... Published 07 Aug, 2024 02:57pm
Mutual Funds JGB yields fall as rate hike bets recede after BOJ’s dovish comments TOKYO: Japanese government bond yields fell on Wednesday as expectations for the Bank of Japan’s rate hike receded... Published 07 Aug, 2024 02:47pm
Forex Kenyan shilling stable versus dollar NAIROBI: Kenya’s shilling was stable against the US dollar on Wednesday, LSEG data showed. At 0807 GMT, the shilling... Published 07 Aug, 2024 02:44pm
Commodities Gold price per tola decreases Rs500 in Pakistan Gold prices in Pakistan continued its downward trajectory on Wednesday, in line with a decrease in international... Published 07 Aug, 2024 02:42pm
Forex Rouble strengthens against yuan, weakens against dollar MOSCOW: The Russian rouble weakened slightly against the dollar but strengthened against the yuan on Wednesday, the... Published 07 Aug, 2024 02:41pm
Stocks MCB Bank posts earnings of Rs16.8bn in 2Q2024, up over 14% YoY MCB Bank Limited, one of Pakistan’s largest commercial banks, reported profit-after-tax (PAT) of Rs16.79 billion in... Updated 07 Aug, 2024 09:49pm
Stocks Most Gulf markets extend gains as US recession fear fades Most Gulf stock markets rose in early Wednesday trade, on course to extend their comeback from an aggressive... Published 07 Aug, 2024 01:58pm
Middle East Dubai airport traffic sets new half-year record DUBAI: Passenger traffic at Dubai International Airport, the world’s busiest for international travellers, reached a... Published 07 Aug, 2024 01:30pm
Stocks Stocks extend recovery, yen slides as volatility grips markets LONDON: European and Asian stocks recovered further and the Japanese yen slid against the dollar on Wednesday with... Updated 07 Aug, 2024 05:47pm
Forex South African rand firms on improved sentiment, focus on US data JOHANNESBURG: The South African rand firmed in early trade on Wednesday, as risk sentiment improved and markets... Published 07 Aug, 2024 01:04pm
Honda posts 23% Q1 profit jump, helped by hybrid vehicle sales TOKYO: Japan’s Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited... Published 07 Aug, 2024 01:03pm
Kenyan economic growth seen steady at 5.5% in 2025, central bank says NAIROBI: Kenya’s economy is projected to grow 5.5% in 2025, at a similar rate to this year’s 5.4% growth, central... Published 07 Aug, 2024 12:52pm
Commodities China’s July coal imports rise to seven-month high BEIJING: China’s coal imports rose to a seven-month high in July, General Administration of Customs data showed on... Published 07 Aug, 2024 12:50pm
Mutual Funds Euro zone bond yields edge up as nerves subside LONDON: Euro zone government bond yields edged up in calmer trading on Wednesday, after a rout across global... Published 07 Aug, 2024 12:46pm
Cathay Pacific to buy 30 Airbus A330-900 aircraft Cathay Pacific will buy 30 Airbus A330-900 wide-body aircraft, with options to buy another 30, the Hong Kong-based... Published 07 Aug, 2024 12:22pm
Forex Indian rupee inches higher; importer hedging, NDF dollar demand cap gains MUMBAI: The Indian rupee gained slightly on Wednesday aided by a broad improvement in risk appetite but strong... Published 07 Aug, 2024 12:17pm
Stocks KSE-100 closes marginally in the red as profit-taking erases early gains The KSE-100 closed in the red on Wednesday after profit-taking wiped out more than 600 points the index had gained... Updated 07 Aug, 2024 05:27pm
Commerzbank seeks share buyback, confirms annual outlook as Q2 profit dips FRANKFURT: Germany’s Commerzbank said on Wednesday that it was planning a 600-million-euro ($654.48 million) share... Published 07 Aug, 2024 11:42am
Siemens Energy raises 2024 free cash flow outlook after solid Q3 FRANKFURT/DUESSELDORF: Siemens Energy on Wednesday raised its free cash flow outlook for the second time in three... Published 07 Aug, 2024 11:41am
Sony posts 10% profit rise in Q1, beating estimates TOKYO: Sony on Wednesday booked a 10% rise in operating profit in the April-June quarter, beating analyst estimates.... Published 07 Aug, 2024 11:39am
SoftBank books $70.7mn profit in Q1 TOKYO: Japanese technology investor SoftBank Group swung to a small net profit of 10.4 billion yen ($70.7 million)... Published 07 Aug, 2024 11:29am
Commodities London copper slides on firm dollar, Shanghai up BEIJING: London copper prices declined on Wednesday, hurt by a firm dollar and looming concerns about the US and... Published 07 Aug, 2024 11:27am
Commodities Palm rises on weaker ringgit; losses in rival Dalian oils cap gains KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday after closing at a seven-month low in the previous... Published 07 Aug, 2024 11:26am
Exchange Rupee largely stable against US dollar Currency settles at 278.73 against the greenback in inter-bank market Updated 07 Aug, 2024 06:36pm
China’s exports growth slows to 3-month low in July, but imports up solidly BEIJING: China’s exports climbed 7.0% in July from year earlier, a slower pace of growth than in June and the... Published 07 Aug, 2024 10:57am
Bullion Rate Gold inches lower as traders assess Fed rate cuts Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited... Published 07 Aug, 2024 10:54am
Stocks Indian shares rise tracking Asian peers; realty stocks advance BENGALURU: Indian shares opened higher on Wednesday, in line with Asian peers, as traders reassessed fears of a US... Published 07 Aug, 2024 10:26am
Forex Australia, NZ dollars jump on yen as BOJ turns cautious SYDNEY: The Australian and New Zealand dollars rallied on Wednesday as surprisingly dovish comments from the Bank of... Published 07 Aug, 2024 10:23am
Commodities Wheat gains for sixth session on strong demand, French crop woes SINGAPORE: Chicago wheat gained more ground on Wednesday, with the market underpinned by strong demand and... Published 07 Aug, 2024 10:20am
Stocks Japanese shares choppy again, BOJ deputy seeks to soothe market TOKYO: Japanese shares swung up and down in morning trade on Wednesday in a rollercoaster week of double-digit... Published 07 Aug, 2024 10:17am
Stocks Asia stocks find some footing, Nikkei still choppy SYDNEY: Asian share markets were mostly firmer on Wednesday after Wall Street bounced and concerns about a US... Published 07 Aug, 2024 10:12am
Stocks Miners, financials pull Australian shares lower; New Zealand stocks gain Australian shares fell in choppy trade on Wednesday, dragged by miners and bank stocks, a day after the country’s... Published 07 Aug, 2024 10:07am
Forex Dollar steady, yen wobbles as traders consider rate cut bets, carry SINGAPORE: The dollar was steady on Wednesday, dragging the yen away from a seven-month peak as currency markets... Published 07 Aug, 2024 10:03am
Energy Oil prices rebound from multi-month lows on Mideast tensions LONDON: Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the... Updated 07 Aug, 2024 07:43pm
Agriculture and Allied CM Livestock Card: Punjab govt to enable 80,000 farmers soon thru cash digital framework: minister LAHORE: “The Punjab government will soon enable 80,000 livestock farmers to easily purchase fodder, silage and... Published 07 Aug, 2024 07:28am
Industry SECP identifies ‘Aviva Investment’ as illegal trading platform ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal trading platform... Published 07 Aug, 2024 07:09am
Industry RCCI organizes Pak America Business & Investment Conference in US ISLAMABAD: Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with Pak World Trade and Expo Centre... Published 07 Aug, 2024 07:08am
Industry LCCI speaks about business community’s ordeal LAHORE: The Lahore Chamber of Commerce and Industry has expressed deep concerns regarding the steep charges imposed... Published 07 Aug, 2024 07:02am
World Bank says ready for PPP with Punjab govt in various sectors LAHORE: The World Bank has expressed its consent for a public-private partnership (PPP) with the Punjab government... Published 07 Aug, 2024 06:53am
FBR digitalisation initiatives face challenges? LAHORE: The Federal Board of Revenue’s (FBR) endeavours to enhance its digital capabilities are facing obstacles... Published 07 Aug, 2024 06:49am
Agriculture and Allied PFA & PCJCCI, Ecommerce Pvt Ltd collaborates LAHORE: Punjab Food Authority (PFA) collaborated with Ecommerce Pvt Ltd and Pakistan China Joint Chamber of Commerce... Updated 07 Aug, 2024 06:47am
Industry Govt’s decision to launch Rs1.1trn scheme for SMEs welcomed KARACHI: Leaders of United Business Group (UBG), Zubair Tufail, Khalid Tawab, Hanif Gohar, Syed Mazhar Ali Nasir ... Updated 07 Aug, 2024 07:04am
Taxes Blacklisting, suspension: FBR empowers CC-IR to review orders ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Chief Commissioners (Inland Revenue) to review the... Published 07 Aug, 2024 05:38am
Fitch upgrades Wapda’s IDR to ‘CCC+’ ISLAMABAD: Fitch Ratings has upgraded Water and Power Development Authority (Wapda)’s Long-Term Foreign Currency... Updated 07 Aug, 2024 09:14am
Climate financing after IMF loan approval: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that that climate financing will be taken up after ... Published 07 Aug, 2024 05:37am
Loan rollovers will take place this month: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb said that rollover of loan from friendly countries for Pakistan would... Published 07 Aug, 2024 05:37am
Fed under pressure to cut rates as market turmoil continues WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates... Published 07 Aug, 2024 05:37am
Companies Year ended June 30, 2024: LCI announces 330pc final cash dividend KARACHI: Following the meeting of the Board of Directors, Lucky Core Industries Limited (the “Company”) ... Published 07 Aug, 2024 05:37am
Moroccan envoy stresses need for enhancing trade KARACHI: The bilateral trade volume between Pakistan and Morocco is less than expected and has significant potential... Published 07 Aug, 2024 05:37am
Companies Jazz CEO outlines several key policy interventions for cashless society ISLAMABAD: Chief Executive Officer (CEO) Jazz and Chairman Telecom Operators Association Aamir Ibrahim outlined... Published 07 Aug, 2024 05:37am
Companies Saudi Aramco quarterly profit dips as output stays low RIYADH: Saudi oil giant Aramco on Tuesday reported net profit of $29.07 billion in the second quarter, a slight drop... Published 07 Aug, 2024 05:37am
Companies Ufone 4G announces ‘Franchise Health Insurance Programme’ KARACHI: Pakistani telecom company, Ufone 4G has announced the launch of an industry-first “Franchise Health... Published 07 Aug, 2024 05:37am
Industry Minister says ‘high’ profit margin of fertiliser companies to be trimmed ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain, Tuesday, said urea fertiliser... Published 07 Aug, 2024 05:37am
Money & Banking High standards, skills: SBP chief highlights importance KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has emphasised the importance of developing skills and... Published 07 Aug, 2024 05:37am
Money & Banking Dollar recovers ground, yen steady NEW YORK: The dollar recovered ground against most major peers on Monday and the Japanese yen steadied around ... Published 07 Aug, 2024 05:37am
Money & Banking Asian currencies: Ringgit slips 1pc and off one-year high BENGALURU: Equities in Asian emerging markets regained some footing on Tuesday after a brutal global sell-off a day... Published 07 Aug, 2024 05:37am
Industry Once again, PSMA urges govt to allow export of ‘surplus’ sugar LAHORE: The Pakistan Sugar Mills Association (PSMA) has once again asked the government to allow early export of... Updated 07 Aug, 2024 07:00am
Industry Dagha underscores need for ‘substantial’ policy rate cut KARACHI: Chairman Policy Research Advocacy Council of Karachi Chamber of Commerce & Industry (PRAC-KCCI) ... Updated 07 Aug, 2024 07:29am