Govt mulls closing utility stores nationwide, says Aon Abbas Senator Aon Abbas, Chairman Senate Standing Committee on Industries and Production, on Friday said the government... Published 23 Aug, 2024 10:12pm
Stocks Abu Dhabi index gains on rate-cut optics; Dubai falls The Abu Dhabi index ended in the green on Friday ahead of a keynote address by U.S. Federal Reserve Chair Jerome... Published 23 Aug, 2024 08:19pm
USA Fed’s Powell says ‘time has come’ to cut rates JACKSON HOLE, WYOMING: Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent... Updated 23 Aug, 2024 11:28pm
Stocks S&P 500 nears record high as Powell signals imminent rate cut Wall Street’s stock indexes jumped on Friday, with the benchmark S&P 500 index nearing a record high, after... Published 23 Aug, 2024 07:50pm
Stocks KSE-100 ends flat on late-session selling The Pakistan Stock Exchange (PSX) saw a roller-coaster trading session on Friday and the KSE-100 Index closed flat... Updated 23 Aug, 2024 11:30pm
Money & Banking India’s forex reserves rise to $674.66bn as of Aug 16 MUMBAI: India’s foreign exchange reserves rose by $4.5 billion and stood at $674.66 billion as of Aug. 16, but were... Published 23 Aug, 2024 05:36pm
Stocks Sri Lankan shares extend losing run to fifth session Sri Lankan shares on Friday closed higher for a fifth straight session, hurt by losses in industrial, consumer... Published 23 Aug, 2024 05:21pm
Industry Finance minister holds meeting with Pegasus Airlines chairman, Lucky Cement CEO Finance Minister Muhammad Aurangzeb on Friday met Mehmat T. Nane, Chairperson of Pegasus Airlines, and Muhammad Ali... Updated 23 Aug, 2024 09:08pm
Companies Lufthansa extends Beirut flight suspension to end-September FRANKFURT: German airline giant Lufthansa said Friday it was extending a suspension of flights to Beirut until... Published 23 Aug, 2024 04:53pm
US businessman Textor open to selling Palace shares to buy Everton LONDON: American businessman John Textor hopes to complete a takeover of Everton after outlining his intention to... Published 23 Aug, 2024 04:49pm
Energy Global LNG: Asia spot prices ease from 8-month top on weaker demand SINGAPORE: Asian spot liquefied natural gas (LNG) prices eased this week from a more than eight-month top on the... Published 23 Aug, 2024 04:38pm
Stocks Indian shares’ longest rally in 2024 tempered by caution ahead of Powell’s speech BENGALURU: Indian shares rose for a seventh straight session on Friday, their longest rally this year, although the... Published 23 Aug, 2024 04:34pm
Commodities Zinc touches five-week peak on supply fears LONDON: Zinc prices hit their highest in five weeks on Friday on supply concerns after smelters in top producer... Published 23 Aug, 2024 04:31pm
Commodities Palm rises on supply concern, strong demand; set to post weekly gain JAKARTA: Malaysian palm oil futures climbed for a third straight session on Friday to their highest in nearly three... Published 23 Aug, 2024 04:25pm
Cotton & Textile APTMA urges govt to end ‘regressive taxation policies’ The All Pakistan Textile Mills Association (APTMA) has urged the government to end its ‘regressive taxation... Updated 23 Aug, 2024 09:19pm
Forex Kenyan shilling stable amid lull in dollar demand NAIROBI: Kenya’s shilling was stable against the US dollar on Friday, as the dollar was hit by a lull in demand,... Published 23 Aug, 2024 03:06pm
Bullion Rate Gold price per tola increases Rs200 in Pakistan Gold prices in Pakistan continued their upward trend on Friday, hitting a new peak despite a decrease in... Published 23 Aug, 2024 01:30pm
Stocks European stocks rise at the open before Powell speech PARIS: European stock markets rose at the open on Friday ahead of a highly-anticipated speech by US Federal Reserve... Published 23 Aug, 2024 01:23pm
Commodities South Korea’s MFG tenders for 70,000 T corn, traders say HAMBURG: South Korea’s Major Feedmill Group (MFG) has issued an international tender to purchase up to 70,000 metric... Published 23 Aug, 2024 11:41am
Stocks Australian shares on track to snap 10-day rally ahead of inflation data Australian shares were on track to snap a 10-session rally on Friday, dragged by local miners, while investors were... Published 23 Aug, 2024 11:07am
BOJ’s Ueda signals readiness to raise rates if growth, inflation on track Bank of Japan Governor Kazuo Ueda on Friday reaffirmed his resolve to raise interest rates if inflation stayed on... Published 23 Aug, 2024 11:05am
Commodities Iron ore slips on falling near-term demand but heads for weekly gain BEIJING: Iron ore futures prices fell on Friday as a continuous fall in near-term China demand sparked renewed... Published 23 Aug, 2024 11:04am
Australia’s CBA cuts interest rates on some home loans for new borrowers Commonwealth Bank of Australia , the country’s biggest lender, on Friday said it has cut interest rates across some... Published 23 Aug, 2024 10:59am
Currency Rupee registers minor gain against US dollar Currency settles at 278.5 against the greenback in inter-bank market Updated 23 Aug, 2024 10:48pm
Stocks China shares snap three-day losing streak, HK down ahead of Powell’s speech SHANGHAI: China stocks gained on Friday after three straight sessions of losses, while Hong Kong shares fell in... Published 23 Aug, 2024 10:57am
Forex Australia, NZ dollars aim for another weekly rise, eye major resistance SYDNEY: The Australian and New Zealand dollars were looking to seal another week of gains on Friday as upbeat... Published 23 Aug, 2024 10:52am
Commodities London aluminium set for best weekly gain in 4 months Aluminium prices rose on Friday, with the London contract set for its biggest weekly gain since mid-April on tight... Published 23 Aug, 2024 10:51am
Forex China’s yuan set for longest weekly winning streak since 2021 SHANGHAI: China’s yuan inched higher against a softer dollar on Friday and looked set for the fifth straight weekly... Published 23 Aug, 2024 10:46am
Bullion Rate Gold edges higher ahead of Powell’s speech, but set for weekly fall Gold prices inched higher on Friday, but were set for a weekly loss as investors looked forward to US Federal... Published 23 Aug, 2024 10:44am
Stocks Asian shares turn cautious with Powell in focus, yen up as BOJ chief speaks SYDNEY: Asian shares stuttered on Friday while the dollar rebounded from one-year lows as investors were cautious... Published 23 Aug, 2024 10:42am
Commodities Wheat steadies but heads for 3% weekly loss amid plentiful supply CANBERRA: Chicago wheat futures edged higher on Friday but were near their lowest since 2020 and down nearly 3% for... Published 23 Aug, 2024 10:41am
Stocks Japan’s Nikkei declines as yen firms, tech stocks slide TOKYO: Japan’s Nikkei share average reversed early gains on Friday to close the morning session lower, as the yen... Published 23 Aug, 2024 10:40am
Stocks Indian shares flat as global rally pauses, IT stocks slip BENGALURU: Indian shares were little changed on Friday, tracking a pause in the global equities’ rally ahead of... Published 23 Aug, 2024 10:36am
Commodities Palm falls on weak soyoil, set to post weekly gain JAKARTA: Malaysian palm oil futures fell on Friday, snapping two straight session of gains, tracking weak soyoil in... Published 23 Aug, 2024 10:35am
Mutual Funds JGB yields rise as market braces for more BOJ rate hikes TOKYO: Japanese government bond yields rose on Friday as Bank of Japan Governor Kazuo Ueda signalled his readiness... Published 23 Aug, 2024 10:34am
Mutual Funds India bond yields seen little changed, focus on debt supply MUMBAI: Indian government bond yields are expected to trade little changed in early session on Friday, after minutes... Published 23 Aug, 2024 10:32am
Forex Indian rupee closes higher as focus turns to Powell’s remarks MUMBAI: The Indian rupee closed stronger on Friday, tracking gains in most Asian currencies, as investors awaited... Updated 23 Aug, 2024 04:43pm
Forex Dollar steady ahead of Powell speech; Ueda aims to calm market nerves SINGAPORE: The US dollar was calm on Friday as traders braced for comments from Federal Reserve Chair Jerome Powell,... Published 23 Aug, 2024 09:45am
Energy Oil climbs with U.S. Federal Reserve pivot HOUSTON: Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest... Updated 23 Aug, 2024 11:34pm
ECC allows export of 100,000 tonnes of sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to allow export of further 1 lakh... Published 23 Aug, 2024 03:24am
SBP’s reserves up $19m to $9.291bn KARACHI: The total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19... Published 23 Aug, 2024 03:24am
Companies Engro announces strong results for first half KARACHI: Engro Corporation’s revenue from continued operations grew by 22 percent to Rs 178.8 billion versus Rs... Published 23 Aug, 2024 03:24am
French mayor impressed by ambition, drive of Pakistan’s entrepreneurial community LAHORE: Expressing his admiration for Pakistan’s entrepreneurial spirit, Christophe de Contenson, the Mayor of... Published 23 Aug, 2024 03:24am
Industry Rs33bn incremental subsidy on electricity: KATI president concerned over delay in release KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari has raised concerns over... Published 23 Aug, 2024 03:24am
Money & Banking PBA, NADRA hold session on steps aimed at boosting cyber security in banking industry KARACHI: Pakistan Banks’ Association (PBA) and National Database and Registration Authority (NADRA) cohosted an... Published 23 Aug, 2024 03:24am
Industry KCCI elections to be held on Sept 21 KARACHI: The annual elections of Karachi Chamber of Commerce and Industry (KCCI) for the year 2024-26 for 30 vacant... Published 23 Aug, 2024 03:24am
Taxes PISMA seeks immediate withdrawal of new 2.5pc WHT KARACHI: The Pakistan Iron & Steel Merchants Association (PISMA) has issued an urgent appeal to the Federal ... Published 23 Aug, 2024 03:24am
Industry 3-day Pharma Asia Exhibition concludes KARACHI: The three-day 21st Pharma Asia Exhibition, the premier pharmaceutical exhibition in the region, ... Published 23 Aug, 2024 03:24am
Bidding for Islamabad Airport outsourcing: Date of submissions extended ISLAMABAD: The steering committee tasked to outsource Islamabad International Airport, on Thursday, extended... Published 23 Aug, 2024 03:24am
Money & Banking Dollar rebounds against euro NEW YORK: The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome... Published 23 Aug, 2024 03:24am
Money & Banking Asian currencies: Indonesian rupiah falls BENGALURU: The Philippine peso was the lone gainer among emerging Asian currencies on Thursday, while stocks in... Published 23 Aug, 2024 03:24am
Companies Nestle names Laurent Freixe new CEO ZURICH: Nestle is replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe, the company... Published 23 Aug, 2024 03:24am
Companies SLIC Summit unveils new digital services & communication framework KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) on Thursday hosted SLIC Summit 2024, marking the... Published 23 Aug, 2024 03:24am