PM Shehbaz says govt working on comprehensive plan for reforms in various sectors Premier says power sector, agriculture, digitalisation of FBR, commerce and trade are the key focuses of the reform plan Updated 20 Aug, 2024 10:53pm
Stocks Most Gulf markets in black on US rate-cut hopes Most stock markets in the Gulf ended higher on Tuesday, in line with global shares, driven by expectations the U.S.... Published 20 Aug, 2024 06:39pm
Stocks KSE-100 closes marginally lower after volatile trading The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower in a volatile session on... Updated 20 Aug, 2024 10:53pm
Money & Banking Turkish central bank holds rates at 50% for fifth month ISTANBUL: Turkiye’s central bank held interest rates steady at 50% for a fifth straight month on Tuesday as... Published 20 Aug, 2024 05:56pm
Stocks Financials, IT lead rise in Indian shares BENGALURU: Indian shares closed higher on Tuesday, led by financials and information technology stocks, as rising... Published 20 Aug, 2024 05:42pm
Stocks Sri Lankan shares end little changed BENGALURU: Sri Lankan shares ended little changed on Tuesday, as a drop in healthcare stocks overshadowed gains in... Published 20 Aug, 2024 05:39pm
Commodities Aluminium hits 5-week high on fund buying, alumina shortage LONDON: Aluminium prices hit their five-week high on Tuesday on increased fund buying and a shortage of raw material... Published 20 Aug, 2024 05:36pm
Commodities Palm edges lower on weak export data, Chicago soyoil JAKARTA: Malaysian palm oil futures slipped on Tuesday, weighed down by weak export data and weakness in Chicago... Published 20 Aug, 2024 05:30pm
Stocks Major Gulf markets subdued on oil demand concerns Major stock markets in the Gulf were subdued on Tuesday amid concerns of weak oil demand, even as rising... Published 20 Aug, 2024 03:20pm
Companies Weir Group secures £53mn order for Reko Diq copper-gold project in Pakistan Scottish multinational engineering company will supply fine grinding, separation, and tailings solutions for the project's first phase Updated 20 Aug, 2024 10:50pm
Companies PostEx announces $7.3mn pre-series A funding for expansion in Pakistan, GCC PostEx, a prominent player in Pakistan’s financial technology sector, announced on Tuesday the completion of a $7.3... Updated 20 Aug, 2024 10:51pm
Forex Ugandan shilling broadly stable in thin trading KAMPALA: The Ugandan shilling was broadly stable on Tuesday, with activity thin on both demand and supply sides of... Published 20 Aug, 2024 03:13pm
Forex Kenyan shilling little changed in quiet session NAIROBI: Kenya’s shilling was little changed against the US dollar on Tuesday in a quiet session, traders said. At... Published 20 Aug, 2024 03:10pm
Commodities Gold prices in Pakistan hit record high of Rs260,700 per tola After declining in the previous session, gold prices in Pakistan surged on Monday, reaching record highs in line... Updated 20 Aug, 2024 08:54pm
Forex South African rand softer ahead of leading indicator JOHANNESBURG: The South African rand gave back some gains in early trade on Tuesday, ahead of the country’s leading... Published 20 Aug, 2024 01:24pm
Stocks Copper miners, energy stocks pull FTSE 100 lower UK’s FTSE 100 benchmark stock index edged lower on Tuesday, pulled down by energy and copper miners’ shares, while... Published 20 Aug, 2024 01:19pm
Mutual Funds Euro zone yields edge lower, investors await central bankers’ meeting LONDON: Euro zone bond yields inched lower on Tuesday, maintaining the calm that has washed over bond markets... Published 20 Aug, 2024 01:16pm
Commodities Japan offers to buy 81,442 tons of food wheat via tender TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 81,442 metric... Published 20 Aug, 2024 01:15pm
Stocks Markets waver ahead of earnings, Powell speech PARIS: European and Asian stock markets fluctuated on Tuesday as investors trod carefully ahead of a key speech by... Updated 20 Aug, 2024 05:19pm
Forex Most Asian currencies, stocks gain ahead of Jackson Hole meet The Indonesian rupiah led gains among emerging Asian currencies on Tuesday and its stocks hit a record high, while... Published 20 Aug, 2024 12:06pm
Commodities China’s July coal import surge boosts its major suppliers, except Russia BEIJING: China increased its coal imports from Indonesia, Mongolia and Australia, customs data showed on Tuesday, as... Published 20 Aug, 2024 12:03pm
Forex China’s yuan strengthens as dollar pulls back on Fed cut focus HONG KONG: China’s yuan rose against the dollar on Tuesday, as the greenback fell to a seven-month low on growing... Published 20 Aug, 2024 11:59am
Commodities Soybeans and corn dip on expectations of large US harvests CANBERRA: Chicago soybean and corn futures edged lower on Tuesday, hovering near four-year lows as traders waited to... Published 20 Aug, 2024 11:50am
Forex Australia, NZ dollars hover near 1-month highs as Fed cut hopes grow SYDNEY: The Australian and New Zealand dollars hovered near their one-month highs on Tuesday, supported by... Published 20 Aug, 2024 11:48am
Energy China’s July oil imports from top supplier Russia fall 7.4% from a year ago SINGAPORE: China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official... Published 20 Aug, 2024 11:46am
Stocks Asia shares hit one-month high on bets for dovish Fed SINGAPORE: Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that... Published 20 Aug, 2024 11:34am
Stocks China stocks fall as weak appetite, absence of stimulus measures weigh HONG KONG: China and Hong Kong stocks dipped on Tuesday as recent economic indicators barely offered any comfort,... Published 20 Aug, 2024 11:32am
Commodities Palm inches lower; traders await new leads from export data JAKARTA: Malaysian palm oil futures slipped on Tuesday, as market participants waited for new leads from the August... Published 20 Aug, 2024 11:30am
Mutual Funds JGB yields drift as traders seek clues on BOJ, Fed policy direction TOKYO: Japanese government bond yields moved without a clear direction on Tuesday, amid conflicting messages from... Published 20 Aug, 2024 11:24am
Commodities London copper retreats on short-covering, China demand worries Copper prices in London fell on Tuesday on short-covering after prices rallied in the previous sessions, while... Published 20 Aug, 2024 11:19am
Companies Air Link partners with Acer Gadget to assemble laptops, tablets in Pakistan Air Link Communication Limited, a manufacturer and distributor of smartphones in Pakistan, has entered into a... Updated 20 Aug, 2024 10:51pm
Mutual Funds India bonds flat; focus shifts to cenbanks’ latest meetings minutes MUMBAI: Indian government bond yields were largely unchanged in early trade on Tuesday as traders eyed fresh cues,... Published 20 Aug, 2024 11:11am
Exchange Rupee sees marginal improvement against US dollar Currency settles at 278.34 against the US dollar in inter-bank market Updated 20 Aug, 2024 08:53pm
Stocks Japan’s Nikkei tracks Wall Street rally amid softer yen TOKYO: Japan’s Nikkei share average tracked Wall Street higher on Tuesday, shaking off the weight of the yen’s... Published 20 Aug, 2024 11:08am
Stocks Australian shares at 2-week high on miners’ boost; RBA minutes in focus Australian shares rose to a two-week high on Tuesday, supported by heavyweight miners, while investors eagerly await... Published 20 Aug, 2024 11:06am
Stocks Indian shares open higher; metals lead gains BENGALURU: Indian shares tracked Asian peers higher on Tuesday, helped by improving metals demand from China and on... Published 20 Aug, 2024 11:04am
Energy Oil prices dip as Middle East tensions ease, China data weak Oil prices dipped on Tuesday, hovering near a two-week low as Middle East supply concerns eased after Israel... Updated 20 Aug, 2024 09:30pm
Bullion Rate Gold steady near record high as investors seek more Fed cues Gold held steady near its record high on Tuesday as investors awaited US Federal Reserve minutes and Chair Jerome... Published 20 Aug, 2024 10:50am
Forex Dollar wavers near 7-month low on rate cut bets, Powell speech in focus SINGAPORE: The dollar wobbled near a seven-month low on Tuesday on wagers the US central bank will start cutting... Published 20 Aug, 2024 10:48am
Forex Indian rupee worst Asia performer over August despite mild rise MUMBAI: The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied... Published 20 Aug, 2024 10:43am
Taxes FTO orders’ implementation: IHC issues show cause notice to CIR for filing false statements ISLAMABAD: Islamabad High Court (IHC) has issued a show cause notice to the Commissioner-Inland Revenue (IR)... Published 20 Aug, 2024 06:55am
July C/A deficit falls 78pc YoY on remittances KARACHI: The country’s current account fell sharply, ie, 78 percent during the first month of this fiscal year... Published 20 Aug, 2024 06:55am
Tax collection under Finance Act 2024: KTBA urges FBR to clarify new amendments KARACHI: The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to clarify the... Updated 20 Aug, 2024 08:49am
PSMA Punjab demands govt allow export of 1.5m tons of sugar LAHORE: The Pakistan Sugar Mills Association (Punjab Zone) reiterated its demand on Monday to allow the mills to... Published 20 Aug, 2024 06:55am
July IT, ITeS export remittances fall 4pc to $286m MoM ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) export remittances comprising... Published 20 Aug, 2024 06:55am
July FDI soars 64pc to $136.3m YoY KARACHI: The Foreign Direct Investment (FDI) in the country rose by 64 percent during the first month of this fiscal... Published 20 Aug, 2024 06:55am
Senate panel told about economic potential of cannabis ISLAMABAD: The Senate Standing Committee on Science and Technology was told on Monday that cannabis can be used in... Published 20 Aug, 2024 06:55am
Industry KCCI seeks similar relief like Punjab for Sindh KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to ... Published 20 Aug, 2024 06:55am
Companies Faysal Bank collaborates with EFU General to launch Mehfooz Ghar Takaful Plan KARACHI: Faysal Bank Limited (FBL) in collaboration with EFU General-WTO has launched the "EFU Mehfooz Ghar Takaful... Published 20 Aug, 2024 06:55am
Companies Descon Engineering completes EnVen project at EFERT in Dharki KARACHI: Descon Engineering has successfully completed the EnVen Project at the ENGRO Fertilizer Plant (EFERT) in... Published 20 Aug, 2024 06:55am
Industry Fixing of Freight rates: CCP issues show-cause notices to TGA, LGTA ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued show-cause notices to the Transporters of Goods... Published 20 Aug, 2024 06:55am
Freelancers demand govt end internet disruptions KARACHI: The Pakistan Freelancers Association (PAFLA), a representative body of freelancers countrywide, has called... Published 20 Aug, 2024 06:55am
SMEs’ growth: PBA hails SBP’s initiative of risk coverage scheme for banks KARACHI: In a collaborative effort to support the SME sector, the State Bank of Pakistan (SBP) has recently ... Published 20 Aug, 2024 06:55am
Companies Sindh Bank and SEDF sign collaboration agreement KARACHI: Sindh Bank Limited and Sindh Enterprise Development Fund (SEDF) have entered into a pivotal institutional... Published 20 Aug, 2024 06:55am
BD crisis: FPCCI urges govt to try to secure textile orders LAHORE: In a press conference held on Monday, prominent business leaders SM Tanveer and Zaki Aijaz urged the... Published 20 Aug, 2024 06:55am
Industry Ambassador of Tajikistan visits LCCI LAHORE: The Ambassador of Tajikistan Sharifzoda Yousuf Toir visited the Lahore Chamber of Commerce and Industry and... Published 20 Aug, 2024 06:55am
Money & Banking Yuan up as dollar wobbles SINGAPORE: The yuan headed for its sharpest gain in two weeks on Monday, riding a wave of broad dollar selling as... Published 20 Aug, 2024 06:55am
Money & Banking Indian rupee ends higher MUMBAI: The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit... Published 20 Aug, 2024 06:55am
Money & Banking Dollar hits 7-month low, yen gains NEW YORK: The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited... Published 20 Aug, 2024 06:55am
Money & Banking Asian currencies: Thai baht hits highest since January BENGALURU: Most Asian currencies and stocks were on the front foot on Monday, with markets in Thailand taking centre... Published 20 Aug, 2024 06:55am
Industry Qandhari made honorary adviser to FTO KARACHI: Federal Tax Ombudsman Dr Asif Mahmood Jah has appointed Johar Qandhari, President of the Korangi ... Updated 20 Aug, 2024 07:59am