Automobile Auto sales increase 15% YoY in August amid mixed segment performance Auto sales in Pakistan increased 15% year-on-year (YoY) in August 2024, as the total number of units sold in the... Published 10 Sep, 2024 10:53pm
Companies Indian strike hits Samsung production at key electronics plant SRIPERUMBUDUR: Samsung Electronics’ production at a key plant in southern India was disrupted for a second day by... Published 10 Sep, 2024 09:36pm
Money & Banking US Fed vice chair tones down proposals for fresh banking regulations WASHINGTON: A senior US Federal Reserve official proposed Tuesday a number of “broad and material” changes to new... Published 10 Sep, 2024 07:41pm
Companies Reliance Retail ties up with Israeli innerwear maker Delta Galil for India expansion BENGALURU: Reliance Retail said on Tuesday it was partnering with Israeli innerwear maker Delta Galil, marking the... Published 10 Sep, 2024 07:10pm
Energy OPEC again lowers 2024, 2025 global oil demand growth view LONDON: OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this... Published 10 Sep, 2024 07:05pm
Stocks KSE-100 gains 672 points on late-session buying The Pakistan Stock Exchange (PSX) witnessed a bullish session on Tuesday, fuelled by late-session buying that lifted... Published 10 Sep, 2024 06:03pm
Business & Economy PTA says VPNs will not be blocked in Pakistan, but urges registration ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Tuesday clarified that the government was not about to... Published 10 Sep, 2024 04:14pm
Stocks Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme SHANGHAI: Shares in Alibaba Group jumped 4.2% on Tuesday as investors cheered its inclusion on China’s mainland... Published 10 Sep, 2024 04:14pm
Companies Apple’s AI gap in new iPhones disappoints China users as Huawei threat looms BEIJING: Apple’s new iPhone launch drew scorn on Tuesday for its lack of artificial intelligence features in China,... Published 10 Sep, 2024 04:11pm
Middle East Standard Chartered starts custody services for digital assets in the UAE DUBAI: Standard Chartered said on Tuesday it had begun offering digital asset custody services in the United Arab... Published 10 Sep, 2024 03:39pm
Industry US, Pakistan discuss establishing commodities market to boost agri sector Finance minister, in meeting with US official, welcomes initiative and highlights role of agriculture in Pakistan’s economy Updated 10 Sep, 2024 09:46pm
Commodities Gold price per tola jumps Rs1,300, hits Rs261,700 in Pakistan After successive declines, gold prices in Pakistan jumped on Tuesday in line with their increase in the... Published 10 Sep, 2024 03:21pm
Currency Sterling edges up versus dollar and euro after UK data Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British... Published 10 Sep, 2024 02:35pm
Stocks Major Gulf markets gain, key US inflation data in focus Major stock markets in the Gulf rose in early trade on Tuesday ahead of a key U.S. inflation data that could affect... Published 10 Sep, 2024 02:31pm
Forex Kenyan shilling broadly steady in balanced market NAIROBI: The Kenyan shilling was broadly steady against the U.S. dollar on Tuesday, with the supply of foreign... Published 10 Sep, 2024 02:28pm
Stocks European shares hold ground as AstraZeneca drags, tech shares rise European shares were flat on Tuesday, after a 1% jump in the previous session, as investors parsed through a mixed... Published 10 Sep, 2024 01:13pm
Stocks FTSE 100 falls as AstraZeneca weighs; slowing wage growth cements rate cut bets London’s FTSE 100 inched lower on Tuesday amid broad declines, with AstraZeneca weighing on the benchmark index... Published 10 Sep, 2024 01:09pm
Financial JGB yields drift higher in muted trade before key US inflation data TOKYO: Japanese government bond yields drifted higher on Tuesday, but trading lacked conviction as investors waited... Published 10 Sep, 2024 12:51pm
Currency South African rand firms ahead of manufacturing data JOHANNESBURG: The South African rand gained in early trade on Tuesday, ahead of domestic manufacturing data for... Published 10 Sep, 2024 12:36pm
Commodities Palm oil falls as August inventories rise more than expected NEW DELHI: Malaysian palm oil futures fell on Tuesday after data showed inventories in the world’s second-largest... Published 10 Sep, 2024 12:34pm
Stocks China stocks fall despite better exports data; Alibaba lifts HK shares SHANGHAI: China stocks fell on Tuesday and were on track to a fresh seven-month low, as strong export data failed to... Published 10 Sep, 2024 12:20pm
Companies Dewan Farooque Motors (DFML) starts EV production after EDB’s approval Dewan Farooque Motors Limited (DFML) said on Tuesday that it has commenced production of electric vehicle (EVs) at... Updated 10 Sep, 2024 10:57pm
Bullion Rate Gold prices edge lower ahead of US inflation print Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that... Published 10 Sep, 2024 11:15am
Energy China’s August crude oil imports fall 7% on weak demand, refining margins BEIJING: China’s crude oil imports in August fell 7% year-on-year, customs data showed on Tuesday, as weak refining... Published 10 Sep, 2024 11:09am
Currency China’s yuan dips on firmer dollar but strong exports limit losses HONG KONG: China’s yuan eased slightly against the firmer dollar on Tuesday, but losses were capped by... Published 10 Sep, 2024 10:54am
Commodities China Aug soybean imports at record 12.14mn tons BEIJING: China brought in a record 12.14 million metric tons of soybeans in August, as traders took advantage of... Published 10 Sep, 2024 10:51am
Exchange Rupee registers marginal gain against US dollar Currency settles at 278.62 against the greenback in inter-bank market Updated 10 Sep, 2024 10:24pm
Commodities China August iron ore imports slide on steel rout, soft demand outlook BEIJING: China’s iron ore imports in August fell 1.38% from July and slipped 4.73% from a year earlier, customs data... Published 10 Sep, 2024 10:48am
Commodities China’s August coal imports rise 3% as heat waves spur power demand BEIJING: China’s coal imports rose 3% in August as utilities continued to stock up amid record-breaking hot weather,... Published 10 Sep, 2024 10:45am
Commodities China Aug copper imports fall to 16-month low BEIJING: China’s imports of unwrought copper slid in August to a 16-month low, customs data showed on Tuesday, as... Published 10 Sep, 2024 10:43am
Commodities LME copper slips as weak China imports data fans demand worries London copper prices fell on Tuesday as weak imports data from top consumer China reinforced concerns about demand... Published 10 Sep, 2024 10:34am
Stocks South Korean shares post longest run of declines in 8 months, chipmakers top drag KOSPI closed down 12.50 points, or 0.49%, at 2,523.43 Updated 10 Sep, 2024 12:26pm
Forex Indian rupee ends marginally weaker, state-run banks’ offers cap decline MUMBAI: The Indian rupee ended slightly lower on Tuesday, tracking a dip in its Asian peers but managing to hold... Updated 10 Sep, 2024 03:45pm
Financial India 10-year bond yield awaits triggers to break 6.85% MUMBAI: Indian government benchmark bond yield was glued to the 6.85% level on Tuesday amid a lack of strong... Published 10 Sep, 2024 10:24am
Stocks China hobbles Asia shares; US data, Fed meet in view SINGAPORE: Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as... Published 10 Sep, 2024 10:21am
Stocks Financials push Australian shares higher; CBA hits record high Australian shares rose the most in nearly a month on Tuesday, buoyed by banking stocks, with top lenders... Updated 10 Sep, 2024 12:17pm
Stocks Japan’s Nikkei falls for sixth day ahead of US inflation data, Fed decision TOKYO: Japan’s Nikkei share average fell for a sixth straight session on Tuesday as investors exercised caution... Updated 10 Sep, 2024 12:23pm
Stocks IT and pharma stocks nudge Indian shares higher BENGALURU: Indian shares recovered from a lacklustre start to end higher on Tuesday, with IT and pharma stocks... Updated 10 Sep, 2024 03:33pm
Forex Currencies tread with caution ahead of US inflation test SINGAPORE: The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as... Published 10 Sep, 2024 10:12am
Energy Oil prices fall on demand concerns, Brent below $70, near 3-year low Brent crude futures down $2.33, or 3.24%, at $69.51 a barrel Updated 10 Sep, 2024 09:16pm
Companies Digital integration: Al Baraka Bank (Pakistan) & Peekaboo Guru sign agreement KARACHI: Al Baraka Bank has partnered with Peekaboo Guru (Pvt) Ltd to drive its digital experiences by integrating... Published 10 Sep, 2024 08:09am
USA US takes on Google’s ad tech empire in antitrust trial ALEXANDRIA (United States): Google faced its second major antitrust trial in less than a year on Monday as the US... Published 10 Sep, 2024 07:57am
Companies Workers at Samsung India plant strike CHENNAI: Hundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to... Published 10 Sep, 2024 07:46am
Companies Fast Cables earns BASEC certification LAHORE: Fast Cables has become the first and only cable manufacturer in Pakistan to receive the British Approvals... Published 10 Sep, 2024 07:27am
Traders urge govt to reduce interest rate to boost economic growth PESHAWAR: Members of the business community urged the government to reduce the current interest rate for economic... Published 10 Sep, 2024 06:32am
WTO says trade alone won’t bridge gap between economies GENEVA: The World Trade Organization said Monday that open trade alone was not enough to reduce inequalities between... Published 10 Sep, 2024 06:32am
Rs20bn Green Sukuk likely in Dec ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MPD&SI) is tailoring a plan to launch... Updated 10 Sep, 2024 09:28am
Jul-Aug remittances soar 44pc to $5.94bn YoY KARACHI: During a challenging period when the country is striving to secure healthy foreign inflows to meet its... Published 10 Sep, 2024 06:32am
Industry Business leader for 10pc cut in policy rate KARACHI: Pakistan’s renowned industrialist and United Business Group (UBG) leader, Farhan Hanif, has urged the... Published 10 Sep, 2024 06:32am
FCCI demand cut in markup rate FAISALABAD: Proportionate decrease in markup rate has become imperative after the substantial decline in inflation ... Published 10 Sep, 2024 06:32am
Industry Rice Cell to be established in Sindh Governor House KARACHI: Muhammad Kamran Khan Tessori Governor Sindh has announced to set up a Rice Cell in Governor House Karachi ... Published 10 Sep, 2024 06:32am
Companies easypaisa showcases easypaisakarobar: Revolutionizing traditional retail value chains through digital innovation KARACHI: easypaisa has showcased its revolutionary easypaisakarobar to address the unmet banking needs of two ... Published 10 Sep, 2024 06:32am
Companies LCI acquires Pfizer Pak manufacturing facility KARACHI: Lucky Core Industries (LCI) has acquired Pfizer Pakistan Limited's manufacturing facility under the Asset... Published 10 Sep, 2024 06:32am
Interest Rates UBG demands cut in interest rate KARACHI: Leaders of United Business Group (UBG) have demanded the government to reduce interest rates by 4 to 5... Published 10 Sep, 2024 06:32am
Money & Banking Yuan down against dollar SHANGHAI: China’s yuan dipped against the dollar on Monday as long-dated yields hit record lows after monthly... Published 10 Sep, 2024 06:32am
Money & Banking US dollar firms against yen NEW YORK: The dollar bounced against the yen and other major currencies on Monday, as investors looked ahead to US... Published 10 Sep, 2024 06:32am
Industry Gems and jewellery sector urges reduction in key policy rate KARACHI: Gems & Jewellery sector has demanded for immediate reduction in interest rates following the drop in... Updated 10 Sep, 2024 07:32am