ECC allows export of another 100,000 MT of sugar Committee also approves Rs20 billion as special allocation for Operation Azm-e-Istehkam Published 22 Aug, 2024 09:57pm
Forex SBP-held foreign exchange reserves increase $19mn, now stand at $9.3bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis,... Updated 22 Aug, 2024 10:41pm
Stocks Positivity continues at PSX, KSE-100 adds another 533 points The Pakistan Stock Exchange (PSX) witnessed another positive session on Thursday as its benchmark KSE-100 Index... Updated 22 Aug, 2024 10:46pm
Commodities Pakistan Refinery profit jumps 123% in FY24 Company announces final cash dividend of Rs2 per share Updated 22 Aug, 2024 10:46pm
Business & Economy August inflation figure expected in single digits after almost 3 years: brokerage house Inflationary pressure is likely to subside further in Pakistan and come down to single digits from August onwards,... Updated 22 Aug, 2024 10:40pm
Companies Millat Tractors stops production, says govt has failed to address issues Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, said on Thursday it has ceased production... Updated 22 Aug, 2024 08:11pm
Companies Azfar Manzoor appointed PTCL chairman Pakistan Telecommunication Company Limited (PTCL) has appointed Azfar Manzoor as the new chairman of the company.... Published 22 Aug, 2024 03:24pm
Malaysia’s AirAsia raises $443mn to refurbish grounded planes Malaysian low-cost airline AirAsia has raised $443 million in a dual-tranche financing to refurbish planes that were... Published 22 Aug, 2024 03:07pm
Stocks Gulf shares mixed in early trade, Powell’s speech awaited Stock markets in the Gulf were mixed in early trading on Thursday after the minutes from the most recent meeting of... Published 22 Aug, 2024 02:56pm
Forex Kenyan shilling trades flat, manufacturing demand matches supply NAIROBI: Kenya’s shilling held steady against the US dollar on Thursday, as foreign currency inflows matched demand... Published 22 Aug, 2024 02:53pm
Business & Economy Buna-Raast connectivity project will make remittances more convenient, says PM Shehbaz This is Pakistan’s first cross-border real-time payment system linkage Updated 22 Aug, 2024 10:43pm
Bullion Rate Gold price continues to climb, hits Rs261,800 per tola in Pakistan Gold prices in Pakistan maintained their upward trajectory on Thursday, hitting a fresh peak despite a decrease in... Updated 22 Aug, 2024 03:29pm
Forex Philippine peso only gainer among falling Asian FX; Indonesian assets drop The Philippine peso was the lone gainer among emerging Asian currencies on Thursday, while stocks in Manila climbed... Published 22 Aug, 2024 01:45pm
Stocks FTSE 100 edges higher on rising Fed rate-cut hopes; JD Sports up on strong sales The UK’s benchmark FTSE 100 stock index rose on Thursday, as rising optimism around an imminent interest rate cut by... Published 22 Aug, 2024 01:44pm
Stocks Stock markets buoyed by US rate cut hopes PARIS: European and Asian stock markets rose on Thursday on growing optimism that the US Federal Reserve will cut... Updated 22 Aug, 2024 04:47pm
Deutsche Bank strikes deal with Postbank ex-shareholders BERLIN: Deutsche Bank said Wednesday it had settled a dispute with dozens of former shareholders of Postbank who... Published 22 Aug, 2024 11:52am
Companies Engro Corp’s quarterly profit down 61%, clocks in at Rs5.07bn in Apr-Jun Pakistan’s conglomerate Engro Corporation Limited (ENGRO) posted a consolidated profit-after-tax (PAT) of Rs5.07... Updated 22 Aug, 2024 10:40pm
Currency Rupee registers minor decline against US dollar Currency settles at 278.67 against the greenback in inter-bank market Updated 22 Aug, 2024 10:50pm
Energy Chevron to invest about $989mn in India, state minister says Chevron plans to invest 83 billion rupees ($989.20 million) in India’s Bengaluru, in what will be the oil and gas... Published 22 Aug, 2024 11:03am
Chinese EV maker BYD eyes state incentives for Mexico plant MEXICO CITY: Chinese electric vehicle maker BYD has narrowed its list of finalists for the location of a... Published 22 Aug, 2024 11:01am
Japan’s Aug factory activity declines slow, PMI shows TOKYO: Japan’s factory activity shrank in August amid subdued demand although the pace of decline slowed, while the... Published 22 Aug, 2024 11:00am
Commodities Iron ore extends gains on fresh Chinese property support BEIJING: Iron ore futures extended gains on Thursday, underpinned by fresh support to top consumer China’s property... Published 22 Aug, 2024 10:55am
Commodities Palm rises on Dalian strength, softer ringgit JAKARTA: Malaysian palm oil futures rose for a second straight session on Thursday, underpinned by gains in Dalian... Published 22 Aug, 2024 10:53am
Stocks Shares buoyed, dollar battered as Fed readies rate cuts SINGAPORE: Asian shares inched higher while the dollar was pinned to one-year lows on sterling and the euro on... Published 22 Aug, 2024 10:51am
Forex Indian rupee to ignore dovish Fed minutes; bias on downside MUMBAI: The Indian rupee is likely to open little changed on Thursday after the mostly dovish US Federal Reserve... Published 22 Aug, 2024 10:50am
Mutual Funds India bond traders likely to try breaking 6.85% on benchmark yield MUMBAI: Indian government bond yields are expected to move marginally lower in opening trades on Thursday, with the... Published 22 Aug, 2024 10:48am
Stocks Indian shares set to open higher as Fed minutes boost US rate-cut bets BENGALURU: Indian shares are set to open higher on Thursday, after minutes of the Federal Reserve policy meeting... Published 22 Aug, 2024 10:47am
Stocks Australian shares rise on Fed rate-cut bets; Whitehaven jumps on mine stake sale Australian shares rose for a tenth straight session on Thursday, tracking Wall Street gains, after minutes from the... Published 22 Aug, 2024 10:45am
Stocks Japan’s Nikkei touches 3-week high after Wall Street gains TOKYO: Japan’s Nikkei share average hit a three-week high on Thursday, tracking overnight Wall Street advances, with... Published 22 Aug, 2024 10:43am
Bullion Rate Gold retreats from record highs as traders assess Fed rate outlook Gold prices fell on Thursday, retreating from all-time highs hit earlier this week, as the US dollar ticked up ahead... Published 22 Aug, 2024 10:41am
Energy Pakistan’s ‘zombie power sector sucking the blood out of healthy firms’: Atif Mian Noted economist says govt refusing to recognise the sector is bankrupt Updated 22 Aug, 2024 03:33pm
Mutual Funds JGB yields up modestly as market awaits remarks from BOJ and Fed chiefs TOKYO: Japanese government bond (JGB) yields edged up on Thursday, with moves subdued as market participants awaited... Published 22 Aug, 2024 10:34am
Commodities Wheat rises as traders brace for Canadian rail stoppage CANBERRA: Chicago wheat futures rose on Thursday as the market braced for a potential Canadian rail stoppage that... Published 22 Aug, 2024 10:29am
Commodities London copper eases as dollar rebounds from 8-month low Copper prices fell on Thursday in London, weighed down by a firmer dollar, but falling metal inventories and demand... Published 22 Aug, 2024 10:28am
Bank of Korea signals rate cuts as inflation, growth slow SEOUL: South Korea’s central bank kept interest rates unchanged on Thursday but signalled it was ready to start... Published 22 Aug, 2024 10:26am
Forex China yuan steady as dollar hovers near 8 month lows ahead of expected US rate cut SHANGHAI: The Chinese yuan was steady on Thursday as the dollar hovered near eight-month lows, with minutes from the... Published 22 Aug, 2024 10:24am
Forex Australia, NZ dollars near major resistance as US yields decline SYDNEY: The Australian and New Zealand dollars paused near multi-week highs on Thursday as a renewed drop in... Published 22 Aug, 2024 10:23am
Forex Dollar doldrums deepen on dovish Fed tone before Jackson TOKYO: The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish... Published 22 Aug, 2024 09:49am
Energy Oil prices steady as US crude draw limits downside Oil prices steadied on Thursday after four days of declines on investor concern over the global demand outlook,... Updated 22 Aug, 2024 05:42pm
Energy SNGPL’s shareholders approve 45pc cash dividend for FY 2022-23 LAHORE: The Sui Northern Gas Pipelines Limited (SNGPL) is celebrating 60 years of its journey. The Annual General... Published 22 Aug, 2024 08:00am
Companies Smeda signs MoU with Askari Bank to make SMEs bankable LAHORE: The Small and Medium Enterprises Development Authority (Smeda), as per direction of the Federal Minister... Published 22 Aug, 2024 08:00am
Jam, German minister discuss avenues to bolster trade ties ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan met with Germany’s Federal Minister for Economic... Published 22 Aug, 2024 07:44am
Industry Climate change: OICCI highlights private sector’s role KARACHI: Despite contributing only 0.9 per cent to global greenhouse gas emissions, Pakistan faces severe climate... Published 22 Aug, 2024 07:36am
Oct and Nov bills: KE allowed Rs5.76/unit positive adjustment ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has allowed positive adjustment of Rs 5.7622 per... Updated 22 Aug, 2024 08:56am
Companies CCP engages key stakeholders in proposed PTCL-Telenor merger ISLAMABAD: The Competition Commission of Pakistan (CCP) is currently conducting an in-depth Phase II Merger analysis... Published 22 Aug, 2024 06:58am
Auction for T-bills: Rs397bn raised against Rs150bn target KARACHI: The State Bank of Pakistan (SBP) conducted the auction for T-bills on Wednesday and raised Rs 397 billion... Published 22 Aug, 2024 06:58am
Taxes Langrial says retrieved data cleansing a must to identify potential taxpayers ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial Wednesday said that cleansing of ... Updated 22 Aug, 2024 07:46am
Money & Banking Dollar down against euro NEW YORK: The dollar fell to a more than one-year low against the euro and sterling on Wednesday after data showed... Published 22 Aug, 2024 06:58am
Money & Banking Asian currencies: Thai baht, rupiah hold ground after rate pause BENGALURU: The Indonesian rupiah and Thailand baht held their ground on Wednesday after local central banks, as... Published 22 Aug, 2024 06:58am
Industry Key visit to Beijing: Sesame exporters forge strong ties with Chinese partners KARACHI: A delegation of 23 sesame exporters from Pakistan recently concluded a successful visit to Beijing and... Published 22 Aug, 2024 06:58am
Companies NRSP Microfinance Bank signs MoU with FFC KARACHI: NRSP Microfinance Bank announced a new strategic partnership with Fauji Fertilizer Company Limited (FFC),... Published 22 Aug, 2024 06:58am
Companies Walmart sells $3.74bn JD.com stake HONG KONG: Chinese e-commerce firm JD.com said on Wednesday top shareholder Walmart had sold its entire stake after... Published 22 Aug, 2024 06:58am
Companies JS Bank, waste management companies sign MoU LAHORE: To introduce digital fee collection under the ‘Suthra Punjab’ initiative, Zindigi, the digital banking ... Updated 22 Aug, 2024 07:50am