Stocks Wall St slips after S&P, Nasdaq’s six-day winning run, soft housing data Wall Street’s main indexes slipped on Friday following the S&P 500 and the Nasdaq’s six-day winning streaks... Published 16 Aug, 2024 07:54pm
Stocks KSE-100 closes marginally lower as late-session selling wipes out gains The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index on Friday began trading on a higher note, adding more... Updated 16 Aug, 2024 08:38pm
Stocks Unilever Pakistan Foods’ profit-after-tax declines 27% to Rs3.8bn in H1CY24 Unilever Pakistan Foods Limited (UPFL), a subsidiary of Conopco Inc. USA, saw a significant decline of 27% in its... Updated 16 Aug, 2024 10:11pm
Stocks UAE equities gain amid global rally on rate optimism Stock markets in the United Arab Emirates edged higher on Friday as investor sentiment was bolstered by encouraging... Published 16 Aug, 2024 06:30pm
Money & Banking India’s foreign exchange reserves come off record highs MUMBAI: India’s foreign exchange reserves came off record highs and fell to $670.12 billion as of Aug. 9, the... Published 16 Aug, 2024 05:21pm
Energy Global LNG: Asia spot prices rise to 8-month top amid hot weather demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer... Published 16 Aug, 2024 05:16pm
Stocks IT powers Indian shares to first weekly gain in three as US recession fears wane BENGALURU: Indian shares snapped a two-week losing streak on Friday led by information technology stocks, after firm... Published 16 Aug, 2024 05:08pm
Commodities Supply risks set copper on track for first weekly gain in six LONDON: Copper prices were heading for the first weekly gain in six weeks in London on Friday supported by worries... Published 16 Aug, 2024 05:05pm
Commodities Palm oil reverses gains on weaker exports and rival oils; posts weekly loss SINGAPORE: Malaysian palm oil futures reversed early gains on Friday to log a fourth consecutive weekly loss, as... Published 16 Aug, 2024 05:03pm
Companies EPCL suffers loss of Rs688mn in 2QCY24 Engro Polymers and Chemicals Limited (EPCL), a subsidiary of Engro Corporation Limited, sustained losses to the tune... Published 16 Aug, 2024 05:03pm
Companies Attock Cement receives $5.85mn from sale of SAKCPCL shares Attock Cement Pakistan Limited (ACPL), a subsidiary of Pharaon Investment Group Limited Holding S.A.L, Lebanon, has... Published 16 Aug, 2024 05:01pm
Companies Bisconni CEO Hamid M. Ismail announces launch of Ismail Global Hamid M. Ismail, CEO of Bisconni & Executive Director of Ismail Industries, has announced the launch of Ismail... Published 16 Aug, 2024 04:31pm
Companies MNCs planning to relocate from Pakistan amid Internet disruptions, says PBC The Pakistan Business Council (PBC), the country’s leading corporate advocacy platform, warned on Friday that many... Updated 16 Aug, 2024 08:20pm
Forex Kenyan shilling stable but traders see FX demand picking up NAIROBI: Kenya’s shilling was stable against the US dollar on Friday, but traders said they expected it to come... Published 16 Aug, 2024 02:57pm
Business & Economy Authority says Pakistan’s new Special Technology Zone will boost tech exports by $350mn In an attempt to enhance exports, Pakistan has established four Special Technology Zones (STZs) in Punjab, with the... Updated 16 Aug, 2024 08:34pm
Commodities Gold price per tola increases Rs300 in Pakistan After a dip in the previous session, gold prices in Pakistan increased on Friday in line with the gain in the... Published 16 Aug, 2024 02:04pm
Stocks European stock markets diverge at open LONDON: Europe’s main stock markets opened mixed Friday after strong gains in Asia and on Wall Street. London’s FTSE... Published 16 Aug, 2024 01:53pm
Stocks Equities surge on strong US consumer data HONG KONG: Japanese stocks surged and markets elsewhere in Asia strengthened on Friday, tracking substantial gains... Published 16 Aug, 2024 01:45pm
Commodities Soybeans fall, set for third week of losses on record US output SINGAPORE: Chicago soybeans fell on Friday, with the market set for its third weekly drop on pressure from... Published 16 Aug, 2024 12:38pm
Commodities Copper set for first weekly gain in six on supply risks, US data Copper prices were set on Friday for their first weekly gain in six, buoyed by mine supply worries and encouraging... Published 16 Aug, 2024 12:35pm
Companies Electric vehicles: Master Changan unveils Deepal L07, S07 with prices starting Rs15.5mn KARACHI: Master Changan Motors Limited has unveiled its electric vehicle brand in Pakistan, launching the Deepal L07... Updated 16 Aug, 2024 08:18pm
Mutual Funds India bond yields may rise tracking US peers; debt sale eyed MUMBAI: Indian government bond yields are expected to rise in opening trades on Friday, tracking US peers, after... Published 16 Aug, 2024 11:59am
Commodities Palm oil gains on strong India demand, but set for fourth weekly drop SINGAPORE: Malaysian palm oil futures rose on Friday, buoyed by upbeat demand from top importer India and reduced... Published 16 Aug, 2024 11:33am
Energy India’s IOC buys 3mn bbls Oct-loading Murban crude, sources say SINGAPORE: Indian Oil Corp has purchased 3 million barrels of Abu Dhabi Murban crude for October loading via a... Published 16 Aug, 2024 11:27am
Stocks Indian shares advance as US data quells recession fears BENGALURU: Indian shares rose on Friday, led by information technology stocks, after firm US economic data allayed... Published 16 Aug, 2024 10:47am
Exchange Rupee registers marginal gain against US dollar Currency settles at 278.54 against the greenback in inter-bank market Updated 16 Aug, 2024 11:08pm
Bullion Rate Asia Gold: High prices keep buyers on sidelines in key hubs Gold dealers in India were forced to offer discounts this week as a recent price increase dampened retail purchases,... Published 16 Aug, 2024 10:32am
Stocks Tech shares drive Hong Kong stocks higher; China stocks flat SHANGHAI: Tech shares drove Hong Kong stocks higher on Friday, after earnings release by e-commerce giants helped... Published 16 Aug, 2024 10:25am
Forex China’s yuan steady after dollar rebound SHANGHAI: China’s yuan steadied against the dollar on Friday after sliding overnight as the greenback benefited from... Published 16 Aug, 2024 10:22am
Forex Australian dollar sets for strong weekly gain, kiwi lags SYDNEY: The Australian dollar was set for a strong weekly gain on Friday, buoyed by hawkish expectations for... Published 16 Aug, 2024 10:18am
Stocks Australia shares jump as strong US data calms recession fears Australian shares climbed in a broad-based rally on Friday, tracking strong gains on Wall Street overnight after... Published 16 Aug, 2024 10:12am
Stocks Japan’s Nikkei jumps as US retail sales data soothes recession fears TOKYO: Japan’s Nikkei share average climbed nearly 3% on Friday and was set for its best week in more than four... Published 16 Aug, 2024 10:08am
Forex Dollar firm after US data quells recession fears TOKYO: The dollar hovered near a two-week high to the yen after its biggest one-day gain against major peers in four... Published 16 Aug, 2024 09:53am
Energy Oil prices fall more than 1% on China worries Oil prices fell by more than $1 on Friday, with Brent slipping below $80 a barrel after a string of dismal... Updated 16 Aug, 2024 05:12pm
CPEC should be turned into model green BRI project: PCJCCI LAHORE: Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) stated that GREEN ... Published 16 Aug, 2024 08:31am
Taxes Tax dept has taxed entire undeclared sales shown under ‘amnesty’ LAHORE: The sales tax department has taxed the entire undeclared sales shown in amnesty after the taxpayer failed to... Published 16 Aug, 2024 08:24am
Companies Sector’s competitiveness getting affected with internet disruptions: IT firm CEO Pakistan’s IT sector is grappling with severe internet disruptions that pose a significant threat to the country’s... Published 16 Aug, 2024 08:00am
Companies SC dismisses appeal: Options Int’l deposits Rs6m penalty into national treasury ISLAMABAD: Following the Supreme Court of Pakistan, dismissed its appeal, M/s Options International deposited the ... Published 16 Aug, 2024 06:56am
July textile group exports down 3.09pc to $1.27bn YoY ISLAMABAD: The country’s textile group exports decreased by 3.09 per cent in July 2024 and remained at $1.271... Published 16 Aug, 2024 06:56am
Oil rises nearly 2pc NEW YORK: Oil prices gained more than $1 a barrel on Thursday after US economic data allayed fears of recession in... Published 16 Aug, 2024 06:56am
Auction for Ijarah Sukuk: PSX raises Rs119bn against Rs100bn target KARACHI: Pakistan Stock Exchange (PSX) has raised Rs 119 billion against a target of Rs 100 billion for Ministry of... Updated 16 Aug, 2024 09:13am
External debt-to-GDP ratio hits 6-year low KARACHI: Pakistan’s external debt to GDP ratio fell to 6 years low, ie, 26 percent at the end of the last fiscal... Updated 16 Aug, 2024 03:15pm
Companies ZTE unveils its latest mobile innovations KARACHI: ZTE Corporation has unveiled its latest mobile innovations, the Nubia V60 Design and ZTE A55 Blade at an... Published 16 Aug, 2024 06:56am
Tanners Association chief urges govt to review contracts with IPPs KARACHI: Chairman, Pakistan Tanners Association (Southern Zone), Muhammad Shafi has taken a strong notice on ... Published 16 Aug, 2024 06:56am
Slow internet service affecting business activities badly: KCCI KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep... Published 16 Aug, 2024 06:56am
Banking, financial transactions: Pakistan, Belarus to discuss ways to remove snags ISLAMABAD: Pakistan and Belarus are set to discuss ways to remove difficulties in financial transactions between the... Published 16 Aug, 2024 06:56am
Industry Govt urged to prioritize increasing poultry production LAHORE: The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry... Published 16 Aug, 2024 06:56am
Investment in Pakistan: Govt urged to collaborate with FPCCI LAHORE: S M Tanveer, Patron-in-Chief of the United Business Group (UBG) and former Punjab Minister, has made a... Published 16 Aug, 2024 06:56am
Taxes Dr Hamid made new Member Inland Revenue Policy ISLAMABAD: The government has appointed a seasoned tax official of the Inland Revenue Service Dr Hamid Ateeq Sarwar... Published 16 Aug, 2024 06:56am
Companies ADM Group keen to invest $250m for EVs manufacturing: CEO ISLAMABAD: ADM Group Chief Executive Officer (CEO) Yasir Bhambhani on Thursday said that the ADM Group was keen to... Published 16 Aug, 2024 06:56am
Companies Mobilink Bank partners with Systems Limited ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Systems Limited to... Published 16 Aug, 2024 06:56am
July petroleum imports soar 60pc to $1.266bn yoy ISLAMABAD: Petroleum group imports witnessed 60 percent growth in July 2024 and remained $1.266 billion compared to... Published 16 Aug, 2024 06:56am
Power costs, import bans and RDs: Jam pledges to address the issues hurting businesses KARACHI Federal Minister for Commerce, Jam Kamal Khan has pledged the ministry’s full support in addressing the... Published 16 Aug, 2024 06:56am
Taxes Major sales tax fraud unearthed KARACHI: The Directorate of Internal Audit (Southern Region) has uncovered a major sales tax fraud involving Rs 11.3... Published 16 Aug, 2024 06:56am
Japan’s economy rebounds in Q2 on consumption uptick TOKYO: Japan’s economy expanded by a faster-than-expected annualised 3.1% in April-June, rebounding from the... Published 16 Aug, 2024 06:56am
Companies 99 Speed Mart launches $532M IPO KUALA LUMPUR: Malaysia’s top mini-market chain retailer 99 Speed Mart Retail Holdings on Thursday launched an... Published 16 Aug, 2024 06:56am
Money & Banking Dollar rises on reassuring data, euro slips NEW YORK: The dollar rose against the euro on Thursday, pulling the common currency back from a seven-month peak,... Published 16 Aug, 2024 06:56am
Money & Banking Asian currencies: Philippine peso falls BENGALURU: The Philippine peso slipped and equities were steady on Thursday after the country’s central bank cut... Published 16 Aug, 2024 06:56am
Taxes IRS, PCS: FBR seeks asset details of all Grade-17 to -22 officers ISLAMABAD: The Federal Board of Revenue (FBR) has sought asset details of all Grade-17 to 22 officers of Inland... Published 16 Aug, 2024 06:56am
Taxes Auction for commercial plots: hike in taxes the reason behind lack of investor interest ISLAMABAD: The Senate Standing Committee on Housing and Works discussed the recent hike in taxes from 43 per cent to... Published 16 Aug, 2024 06:56am
Industry NA body forms sub-committee to address PSM matters ISLAMABAD: The National Assembly (NA) Standing Committee on Industries and Production has constituted a four members... Updated 16 Aug, 2024 08:33am