Money & Banking Competition for new currency notes: SBP unveils winners, selected designs The State Bank of Pakistan (SBP) on Thursday announced the winners of its competition for the designs of the new... Updated 06 Sep, 2024 12:08am
Forex SBP-held foreign exchange reserves increase $33mn, now stand at $9.44bn Total liquid foreign reserves held by the country stand at $14.74 billion Updated 05 Sep, 2024 10:30pm
Russia created secret trade channel with India: FT report Russia created a covert trade channel with India to secure critical electronics important for its war efforts in... Published 05 Sep, 2024 07:59pm
Stocks Most Gulf markets edge higher ahead of US data Most stock markets in the Gulf ended higher on Thursday a day after a global sell-off as investors remained cautious... Published 05 Sep, 2024 07:36pm
USA US private payrolls post smallest increase in 3-1/2 years in August WASHINGTON: U.S. private employers hired the fewest number of workers in 3-1/2-years in August and data for the... Published 05 Sep, 2024 07:29pm
Money & Banking US bank profits jump 11% in second quarter of 2024 as expenses shrink WASHINGTON: The U.S. banking industry recorded profits of $71.5 billion in the second quarter of 2024, up 11.4% on... Published 05 Sep, 2024 07:24pm
Stocks KSE-100 closes flat after range-bound trading The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed flat on Thursday after witnessing range-bound... Updated 05 Sep, 2024 10:21pm
Commodities Asia rice: India rates slide to 3-month low on weak export demand, Thai rates rise India’s rice export prices hit a three-month low this week due to weak exports demand, while Thai prices rose for a... Published 05 Sep, 2024 05:23pm
Money & Banking Zindigi’s US dollar-based freelancer account looks to set new standard for Pakistan Zindigi, powered by JS Bank, has contributed majorly towards the ecosystem of freelancers in Pakistan by introducing... Published 05 Sep, 2024 05:03pm
Stocks Sri Lanka shares end lower as utilities, communication services drag CSE All-Share index settled 0.33% lower at 10,801.18 Published 05 Sep, 2024 04:59pm
Companies Siddiqsons Tin Plate starts process to shut plant amid sales decline, labour strikes Siddiqsons Tin Plate Limited (STPL) said on Thursday that it has initiated the formal process to shut down its plant... Updated 05 Sep, 2024 10:33pm
Commodities Copper firms on China’s new power initiatives in Africa Copper prices firmed up on Thursday after China announced major investments in building power networks in Africa,... Published 05 Sep, 2024 04:57pm
Commodities Palm ends higher on muted production expectations JAKARTA: Malaysian palm oil futures reversed losses on Thursday amid lower trading volumes and worries over poor... Published 05 Sep, 2024 04:54pm
Stocks Gulf shares up in early trade; US job data in focus Most stock markets in the Gulf were up in early trading on Thursday amid higher oil prices, while investors also... Published 05 Sep, 2024 03:15pm
Stocks China stocks edge up on policy easing hopes HONG KONG: China stocks edged up while Hong Kong markets recouped most losses by Thursday’s close, as the Chinese... Published 05 Sep, 2024 03:12pm
Interest Rates Analysts expect SBP to continue easing in next week’s monetary policy announcement Most experts Business Recorder reached out to see decline between 100 to 200 bps Updated 05 Sep, 2024 08:29pm
Stocks Stocks diverge as US data keeps traders wary LONDON: Stock markets struggled for direction and the dollar fell Thursday on the eve of key US jobs data that could... Updated 05 Sep, 2024 05:45pm
Volvo Cars scales back margin and revenue ambitions Swedish automaker Volvo Cars slashed its margin and revenue ambitions for a second time in a year on Thursday, a day... Published 05 Sep, 2024 01:08pm
Stocks Gold price per tola jumps Rs2,000, hits Rs262,100 in Pakistan After back-to-back falls, gold prices in Pakistan rose on Thursday in line with an increase in the international... Updated 05 Sep, 2024 05:06pm
Commodities Ongoing global oil price decline to benefit Pakistan: brokerage house The ongoing decline in global oil price “benefits Pakistan” and will help its trade balance and inflation figures,... Updated 05 Sep, 2024 10:32pm
Commodities Palm oil opens low tracking Dalian, strong ringgit JAKARTA: Malaysian palm oil futures extended losses to a fourth straight session on Thursday, tracking rival oils... Published 05 Sep, 2024 11:49am
BYD’s global expansion push runs into stiff Japan test YOKOHAMA: BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in... Published 05 Sep, 2024 11:16am
Commodities Wheat, corn and soy take breather after short-covering rally CANBERRA: Chicago wheat, corn and soybean futures eased on Thursday, but still hovered near multi-week highs after a... Published 05 Sep, 2024 10:37am
Bullion Rate Gold struggles for momentum as investors focus on US jobs data Gold prices were little changed on Thursday as investors stayed away from making big bets ahead of US payrolls data... Published 05 Sep, 2024 10:34am
Mutual Funds Indian bond yields may track US peers lower MUMBAI: Indian government bond yields are expected to open marginally lower on Thursday, as US Treasury yields... Published 05 Sep, 2024 10:30am
Forex Indian rupee to draw support from bets of large Fed rate cut, determined central bank MUMBAI: The Indian rupee is expected to on Thursday take support from rising expectations the Federal Reserve will... Published 05 Sep, 2024 10:28am
Stocks Banks, miners lift Australia shares; energy stocks tank Australian shares recovered on Thursday led by banks and miners, after a sharp decline in the previous session as... Published 05 Sep, 2024 10:25am
Stocks Japan’s Nikkei edges lower on stronger yen, chip losses TOKYO: Japan’s Nikkei share average fell on Thursday, weighed down by a stronger yen and losses in... Published 05 Sep, 2024 10:24am
Stocks Asian shares try to stabilise after global sell-off; focus on US data SINGAPORE: Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in... Published 05 Sep, 2024 10:20am
Forex Australian dollar supported as RBA sticks to hawkish stance SYDNEY: The Australian dollar held steady on Thursday after the country’s central bank stuck to its hawkish guidance... Published 05 Sep, 2024 10:18am
Exchange Rupee gains marginally against US dollar Currency settles at 278.68 against the greenback in inter-bank market Updated 05 Sep, 2024 10:29pm
US warned Nippon its US Steel bid poses a national security risk, sources say WASHINGTON: The Biden administration told Nippon Steel in a letter on Saturday its $14.9 billion acquisition of US... Published 05 Sep, 2024 10:09am
Forex Dollar wobbles on rising bets of outsized Fed rate cut SINGAPORE: The dollar dipped on Thursday as traders ramped up bets for a supersized rate cut from the Federal... Published 05 Sep, 2024 09:55am
Energy Oil rises on US crude stocks fall and possible delay to OPEC+ hike LONDON: Oil firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+... Updated 05 Sep, 2024 05:08pm
Energy Chevron celebrates opening of 200th oil change facility in Pakistan KARACHI: Chevron Pakistan Lubricants (Private) Limited (“Chevron Pakistan”) announced the opening of the 200th... Published 05 Sep, 2024 07:45am
Companies Emirates lands its inaugural flight in Antananarivo, Madagascar KARACHI: In a historic move, the world’s largest international airline, Emirates, has landed its inaugural flight... Published 05 Sep, 2024 07:40am
Industry Japanese delegation visits LCCI for increasing trade LAHORE: The Japanese business delegates see a huge potential in the bilateral trade between Japan and Pakistan which... Published 05 Sep, 2024 07:26am
Companies Shan Foods launches ‘Growing Flavour’ initiative in Sindh KARACHI: Shan Foods has launched its “Growing Flavour” initiative within the Kunri Tehsil in Sindh, Pakistan to... Published 05 Sep, 2024 07:16am
Taxes Taxing absentee landlords could generate Rs79.61bn: experts ISLAMABAD: A research study has revealed that the government of Pakistan can generate at least Rs79.61 billion... Published 05 Sep, 2024 07:12am
Govt raises Rs835bn in T-bill auction KARACHI: In the T-bill auction on Wednesday, participation of Rs 1,618 billion was seen with government raising Rs... Published 05 Sep, 2024 07:07am
EAD inks loan agreement with Exim Bank of South Korea ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan said that Pakistan would obtain $20.635 billion loan... Published 05 Sep, 2024 07:05am
‘Country now buried under mountain of debt’ KARACHI: The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of Pakistan... Published 05 Sep, 2024 07:03am
Recovery of taxes: AGP unearths Rs737.868bn irregularities ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities to the tune ... Published 05 Sep, 2024 06:19am
Industry Railways signs accord for laying optical fiber cables LAHORE: The Pakistan Railways (PR) entered into strategic agreements with two companies, one Chinese and one... Published 05 Sep, 2024 06:19am
Taxes Maryam decides to introduce ‘KPI system’ in Board of Revenue LAHORE: “The performance of Commissioners, Deputy Commissioners, Assistant Commissioners, Tehsildars and Naib... Published 05 Sep, 2024 06:19am
Taxes Tax collection from wholesale, retail sector big challenge: Mir LAHORE: Chief Coordinator Tajir Dost Scheme Naeem Mir has stated that collecting tax from whole sale and retail... Published 05 Sep, 2024 06:19am
Jam to take steps to enhance export of meat, poultry, seafood ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan on Wednesday held separate meetings with the Council for... Published 05 Sep, 2024 06:19am
Money & Banking Dollar slips as US job openings fall NEW YORK: The dollar eased against most major currencies after US job openings data for July pointed to a softening... Published 05 Sep, 2024 06:19am
Money & Banking Asian currencies largely range-bound BENGALURU: South Korean and Taiwan’s equity markets led the declines in Asia on Wednesday, as an overnight rout in... Published 05 Sep, 2024 06:19am
KCCI chief urges SBP to reduce interest rate ‘substantially’ KARACHI: Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI)... Published 05 Sep, 2024 06:19am
Industry HCSTSI President welcomes simplification of visa policy by Indonesia HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, while... Updated 05 Sep, 2024 07:29am
Industry ‘Banks’ signboards do not fall under definition of advertisements’ LAHORE: Signboards installed by the banks do not come within the definition of advertisement and billboard, ... Updated 05 Sep, 2024 07:17am