Pakistan’s inclusion in top tiers of Global Cybersecurity Index good news for IT industry: minister State Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja said on Friday that Pakistan’s... Published 13 Sep, 2024 10:27pm
Stocks Wall Street gains as traders raise bets on bigger Fed rate cut Wall Street’s main indexes rose on Friday as investors reevaluated the possibility of a bigger interest rate cut by... Published 13 Sep, 2024 08:26pm
Stocks UAE stocks gain on Fed rate cut hopes The equity markets in the United Arab Emirates (UAE) rose on Friday, driven primarily by an increase in financial... Published 13 Sep, 2024 06:51pm
Stocks Sri Lanka shares end higher as communication services gain; Q2 GDP grows CSE All-Share index settled 1.10% up at 10,683.10 Published 13 Sep, 2024 06:47pm
Energy Global LNG: Asian spot LNG prices down on muted demand LONDON: Asian spot liquefied natural gas (LNG) prices fell this week amid limited demand for November deliveries and... Published 13 Sep, 2024 06:15pm
South Asia Sri Lanka economy posts 4.7% growth in Q2 COLOMBO: Sri Lanka’s economy grew 4.7% year-on-year from April to June this year, official data showed on Friday, as... Published 13 Sep, 2024 05:40pm
Commodities Gold prices in Pakistan hit record high of Rs265,900 per tola After declining in the previous session, gold prices in Pakistan jumped on Friday in line with their increase in the... Updated 13 Sep, 2024 08:10pm
South Asia China signs finance cooperation agreement with debt distressed Maldives BEIJING: China’s central bank on Friday said it had signed an agreement with the Maldivian authorities to strengthen... Published 13 Sep, 2024 05:32pm
Money & Banking India’s foreign exchange reserves hit fresh high of $689.24bn MUMBAI: India’s foreign exchange reserves extended their winning run for a fourth straight week to hit a record high... Updated 13 Sep, 2024 11:39pm
Stocks Indian shares pause near lifetime highs, log weekly gains ahead of likely Fed rate cut BENGALURU: Indian shares ended flat on Friday, after hitting all-time highs in the previous session, and logged... Published 13 Sep, 2024 05:12pm
Commodities Copper hits two-week high on weak dollar and China stimulus hopes LONDON: Copper prices hit a two-week high on Friday and were on track for the strongest week in a month on a weaker... Published 13 Sep, 2024 05:10pm
Commodities Palm drops on demand concerns, falls 2.2% this week MUMBAI: Malaysian palm oil futures extended losses to a second session on Friday, hitting a three-week low, on a... Published 13 Sep, 2024 05:07pm
Stocks European shares climb with focus on US central bank policy decision European stocks advanced on Friday and were poised for weekly gains, supported by miners, while investors shifted... Published 13 Sep, 2024 03:12pm
IMF staff in Kenya for fact-finding mission after protests NAIROBI: A team of staff from the International Monetary Fund is visiting Kenya on a fact-finding trip, the IMF said... Published 13 Sep, 2024 03:10pm
Forex Russian rouble weakens before central bank rate decision MOSCOW: The Russian rouble weakened against both the US dollar and the Chinese yuan ahead of the central bank’s... Published 13 Sep, 2024 03:08pm
Money & Banking Bank holiday: SBP to remain closed on Tuesday, September 17 The State Bank of Pakistan (SBP) on Friday said it will remain closed on Tuesday, September 17, 2024, in observance... Updated 13 Sep, 2024 11:17pm
Stocks Mining stocks push export-heavy FTSE 100 higher, strong pound keeps gains in check Mining stocks lifted London’s blue-chip index on Friday as investors raised their bets of a hefty US interest rate... Published 13 Sep, 2024 02:27pm
Ericsson forms company with 12 telcos to sell network software STOCKHOLM: Ericsson said on Thursday it had created a joint venture to sell software with a dozen telecom operators,... Published 13 Sep, 2024 02:23pm
Top ECB governors voice confidence on inflation and rates BUDAPEST/FRANKFURT: The European Central Bank’s two biggest shareholders expressed confidence on Friday about the... Published 13 Sep, 2024 01:49pm
Forex South African rand flat; markets focus on Fed rate cut next week JOHANNESBURG: The South African rand was little changed in early trade on Friday, as markets weighed up bets on the... Published 13 Sep, 2024 01:47pm
Forex KSE-100 sees relatively muted reaction to IMF board meeting update, SBP’s rate cut After initial buying burst, benchmark index slowly retreats to settle 0.4% higher despite positive news flow Updated 13 Sep, 2024 11:38pm
Business & Economy ADB approves $320mn for Khyber Pakhtunkhwa road rehabilitation The Asian Development Bank (ADB) on Friday approved a $320-million loan to support the rehabilitation of roads in... Updated 13 Sep, 2024 10:46pm
Stocks Most Asian markets rise as traders gear up for Fed rate cut HONG KONG: Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on... Published 13 Sep, 2024 12:31pm
India’s Adani Group denies Hindenburg claims on Swiss probe MUMBAI: India’s Adani Group has denied involvement in a money laundering and securities fraud probe that reportedly... Published 13 Sep, 2024 12:27pm
Stocks Rupee strengthens against US dollar Currency settles at 278.16 against the greenback in inter-bank market Updated 13 Sep, 2024 10:44pm
Commodities Palm recovers on sunoil supply fears from Black Sea, soyoil strength MUMBAI: Malaysian palm oil futures rose in early trade on Friday from their lowest level in three weeks, due to... Published 13 Sep, 2024 11:29am
Forex China’s yuan inches higher as Xi’s call fuels stimulus hopes SHANGHAI: China’s yuan inched higher against a weakening US dollar on Friday as President Xi Jinping’s call to step... Published 13 Sep, 2024 11:26am
Commodities Copper hits 2-week high as Xi comments fuel stimulus hopes Copper prices rose to a two-week high on Friday, lifted by hopes of stimulus in top metals consumer China after... Published 13 Sep, 2024 11:21am
Commodities Iron ore firms on China stimulus hopes, set for weekly gain SINGAPORE: Iron ore futures prices extended gains to a second straight session on Friday and were headed for a... Published 13 Sep, 2024 11:19am
Cathay Pacific buys back warrants from Hong Kong government’s 2020 bailout SEOUL: Airline Cathay Pacific has bought back all warrants issued to the Hong Kong government in 2020, another step... Published 13 Sep, 2024 11:04am
Stocks China shares edge lower; Hong Kong rises on potential mortgage cut SHANGHAI: Mainland China’s shares slipped on Friday as investors squared their books for the upcoming holidays,... Published 13 Sep, 2024 11:00am
Mutual Funds India bond yields seen dipping as odds of larger Fed rate cut jump MUMBAI: Indian government bond yields are expected to open lower on Friday as sentiment was boosted after a sharp... Published 13 Sep, 2024 10:45am
Forex Indian rupee, forward premiums lifted by improved odds of deeper Fed rate cut MUMBAI: The Indian rupee rose on Friday and dollar-rupee forward premiums climbed on renewed hopes of a... Published 13 Sep, 2024 10:43am
Stocks Japan’s Nikkei falls on stronger yen; chip stocks limit losses TOKYO: Japan’s Nikkei share average fell on Friday after a stronger yen weighed on export-oriented stocks, while... Published 13 Sep, 2024 10:40am
Forex Australia, NZ dollars set for weekly gain as equities, commodities rally SYDNEY: The Australian and New Zealand dollars were headed for weekly gains on Friday following a rally in equities... Published 13 Sep, 2024 10:39am
Bullion Rate Gold prices hover near record peak with weekly gains in sight Gold prices hovered near an all-time high on Friday, and poised for a weekly gain due to a weaker dollar, while... Published 13 Sep, 2024 10:36am
Stocks Australian shares set for weekly gain on commodities boost; Fed meeting on tap Australian shares rose on Friday and were set for a weekly gain, as commodity stocks advanced on strong prices for... Published 13 Sep, 2024 10:32am
Stocks Indian shares likely to hover near record highs at open BENGALURU: Indian shares are set to open flat on Friday, after a sharp rally in the previous session to an all-time... Published 13 Sep, 2024 10:29am
Forex Dollar weak as traders add to wagers of big rate cut from Fed SINGAPORE: The dollar softened on Friday, with the euro and the yen on the rise as investors remained on tenterhooks... Published 13 Sep, 2024 10:27am
Energy Oil prices rise as US production slowly resumes after hurricane Brent crude futures were up $1.16 cents, or 1.6%, at $73.13 a barrel Updated 13 Sep, 2024 08:28pm
Commodities Wheat hovers near two-month high amid Black Sea tensions BEIJING: Chicago wheat futures firmed on Friday to hover near their highest levels in two months, as supply concerns... Published 13 Sep, 2024 10:20am
Industry PBIF advisory board chief underscores need for increased industrial activities KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of the Pakistan... Published 13 Sep, 2024 07:52am
Money & Banking Faysal Bank, Mastercard renew partnership KARACHI: Faysal Bank Limited (FBL) has announced the renewal of its strategic partnership with Mastercard. The... Published 13 Sep, 2024 07:46am
Money & Banking JS Bank wins ‘2024 USD Clearing Quality Recognition Award’ KARACHI: JS Bank, one of the fastest-growing banks in Pakistan, has been honored with the 2024 USD Clearing Quality... Published 13 Sep, 2024 07:44am
Money & Banking ‘HBL China Story’ session held KARACHI: HBL hosts the “HBL China Story” session, bringing together colleagues to discuss the significance of ... Published 13 Sep, 2024 07:37am
Explaining alternative dispute resolution (ADR) General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite... Published 13 Sep, 2024 07:08am
Industry NHA, Wapda termed essential SOEs, DP Establishments 'strategic' one ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) categorised National Highways Authority (NHA)... Published 13 Sep, 2024 06:13am
Forex reserves rise to $9.47bn KARACHI: The total liquid foreign reserves held by the country stood at $14,796.1 million as of 06-Sep-2024. The... Published 13 Sep, 2024 06:13am
Cut in policy rate lauded LAHORE: Chairman Founders Group Mian Misbah-ur-Rehman has expressed strong appreciation for the recent decision by... Published 13 Sep, 2024 06:13am
Mutually-beneficial interactions: SCO underscores need for adopting inclusive approach ISLAMABAD: Speakers at a conference, while stressing the need to increase regional and global trade cooperation ... Published 13 Sep, 2024 06:13am
Businessmen, industrialists say they were expecting ‘much bigger’ policy rate cut KARACHI: Business and industrial community has expressed disappointment over the policy rate cut of 200 basis points... Published 13 Sep, 2024 06:13am
Forex funds placed in PKR account: AGP faults Wapda for Rs64.8bn loss to kitty ISLAMABAD: The Auditor General of Pakistan (AGP) has held Wapda responsible for inflicting Rs 64.8 billion financial... Published 13 Sep, 2024 06:13am
SBP Overnight Repo rates KARACHI: The State Bank of Pakistan (SBP) has decided to decrease ‘Policy Rate’ (Target Rate) from 19.50 percent... Published 13 Sep, 2024 06:13am
Industry PHMA wants interest rate in single-digit KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has urged the State Bank to cut interest... Published 13 Sep, 2024 06:13am
Industry IMO SG extends cooperation to Pakistan ISLAMABAD: Secretary General of the International Maritime Organization (IMO) Arsenio Antonio Dominguez Velasco has... Published 13 Sep, 2024 06:13am
Govt prioritising the blue economy, says PM ISLAMABAD: Prime Minister Shehbaz Sharif has said that government is prioritising the blue economy as a central... Published 13 Sep, 2024 06:13am
Industry Governor Sindh lauds IEEEP Fair for promoting int’l collaborations amid economic challenges KARACHI: Governor Sindh Kamran Khan Tessori has lauded exhibitions like IEEEP Fair for promoting international... Published 13 Sep, 2024 06:13am
‘National uplift hinges on industrialisation’ KARACHI: Zubair Motiwala, Chairman of the Businessmen Group (BMG), emphasized that Pakistan's development hinges on... Published 13 Sep, 2024 06:13am
Industry Hyderabad Chamber election: Five candidates withdraw nomination papers HYDERABAD: According to a statement by Furqan Ahmed Lodhi, Secretary General of the Hyderabad Chamber of Small... Published 13 Sep, 2024 06:13am
Taxes FBR official suspended ISLAMABAD: The Federal Board of Revenue (FBR) has suspended Muhammad Ali (IRS/BS-18), Deputy Commissioner-IR,... Published 13 Sep, 2024 06:13am
Taxes CIR empowered to condone time-limits ISLAMABAD: The Federal Board of Revenue (FBR) has empowered Commissioner-Inland Revenue (IR) to condone time-limits... Published 13 Sep, 2024 06:13am
Companies CCP approves merger of DWP Engineering & Digital World ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the merger between M/s DWP... Published 13 Sep, 2024 06:13am
Money & Banking Money in circulation: No new banknote designs shortlisted so far: SBP KARACHI: The State Bank of Pakistan (SBP) clarified on Thursday that the banknote designs that have won the art... Published 13 Sep, 2024 06:13am
Money & Banking Asian currencies ebb as bets of big US rate cut ease BENGALURU: Singapore equities hit a more-than-six-year-high on Thursday, buoyed by rising foreign buying and... Published 13 Sep, 2024 06:13am
Interest Rates ECB cuts interest rates as growth dwindles FRANKFURT: The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth... Updated 13 Sep, 2024 07:27am
Money & Banking Mashreq Pakistan forms Shariah Board KARACHI: Mashreq Pakistan has announced the formation of the Shariah Board for its operations in Pakistan. Dr Ahcene... Updated 13 Sep, 2024 07:48am