News Archives for Business & Finance - 2024-09-14

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Business & Finance - 2024-09-14

Industry

Pakistan’s first locally produced electric car to hit the road in December

Pakistan’s first locally produced four-wheeled electric vehicle (EV) is set to hit the market in December. The...

Updated 14 Sep, 2024 03:57pm

Commodities

Gold prices hit new high of Rs266,300 per tola in Pakistan

Gold prices in Pakistan maintained its upward trajectory on Saturday in line with their increase in the...

Published 14 Sep, 2024 02:38pm

Money & Banking

National Savings Schemes: CDNS reduces profit rates on majority of its instruments

The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings...

Updated 14 Sep, 2024 05:06pm

South Asia

China new home prices fall at fastest pace in over 9 years in Aug

BEIJING: China’s new home prices fell at the fastest pace in more than nine years in August, official data showed on...

Published 14 Sep, 2024 10:51am

Commodities

China’s August coal output up on more power, chemical demand

BEIJING: China’s coal output rose 2.8% in August from a year earlier, statistics bureau data showed on Saturday, on...

Published 14 Sep, 2024 10:48am

Energy

China’s refinery output falls for a fifth month as fuel demand disappoints

SINGAPORE/BEIJING: China’s oil refinery output in August fell 6.2% from a year earlier, official data showed on...

Published 14 Sep, 2024 10:46am

Commodities

China’s aluminium output rises in August as profit spurs smelters

BEIJING: China’s August aluminium output rose from a year earlier to its highest since 2002, as higher prices and...

Published 14 Sep, 2024 10:42am

Taxes

FBR intensifies efforts to collect advance tax instalments

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified efforts to timely collect due “advance tax”...

Published 14 Sep, 2024 07:36am

Interest Rates

Business community hails 200bps cut in policy rate

PESHAWAR: Former Senator, Chairman Khyber Pakhtunkhwa Textile Mills Association (KPTMA) and renowned businessman,...

Published 14 Sep, 2024 07:28am

PNY, PITB sign accord to streamline payment processes

LAHORE: PNY Trainings and the Punjab Information Technology Board (PITB) have signed an agreement to streamline...

Published 14 Sep, 2024 07:00am

Interest Rates

SAI chief condemns 2pc cut in interest rate

KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of...

Published 14 Sep, 2024 06:56am

‘SAP playing key role in driving digital transformation in Pakistan’

KARACHI: Instead of causing widespread job losses, the use of Artificial Intelligence will create new job...

Published 14 Sep, 2024 06:52am

Interest Rates

UBG seeks more 3pc cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have criticised the State Bank’s mere 2% reduction in the interest...

Published 14 Sep, 2024 06:45am

Weekly SPI-based inflation up

ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended September 12, 2024, increased by 0.01...