Stocks Wall Street mixed as investors await Fed rate clues, data Wall Street’s main indexes were mixed on Wednesday, with the S&P 500 hovering near record highs, as investors... Published 25 Sep, 2024 07:47pm
Stocks Most Gulf markets extend gains on rate cuts; regional tensions weigh Most stock markets in the Gulf ended higher on Wednesday, building on gains led by interest rate cuts last week... Published 25 Sep, 2024 06:58pm
Stocks KSE-100 gains nearly 1% ahead of IMF board meeting The Pakistan Stock Exchange (PSX) witnessed a bullish session on Wednesday as the benchmark KSE-100 Index closed... Published 25 Sep, 2024 06:42pm
Stocks Energy, financials power Sri Lanka shares to best day in over a year CSE All Share index settled up 2.87% - its biggest one-day gain since July 4, 2023 - at 11,659.7. Published 25 Sep, 2024 05:49pm
Stocks Indian shares hit all-time highs for fifth consecutive session BENGALURU: Indian shares hit lifetime highs for the fifth straight session on Wednesday, buoyed by gains in... Published 25 Sep, 2024 04:53pm
Commodities Copper retreats after touching 10-week high LONDON: Copper prices pulled back from 10-week highs on Wednesday on a stronger dollar and some profit-taking which... Published 25 Sep, 2024 04:48pm
Commodities Palm oil rises for 6th session, closes at highest level in nearly 3 months KUALA LUMPUR: Malaysian palm oil futures extended gains to a sixth straight session on Wednesday, closing at their... Published 25 Sep, 2024 04:42pm
Industry Indus Motor temporarily halts production citing material shortage Indus Motor Company (INDU) has announced the shutdown of its plant for five days citing low inventory and a shortage... Updated 25 Sep, 2024 07:05pm
Industry Pakistan pharma industry needs collaboration, consolidation: Dr Mehmood Khan Dr Mehmood Khan, CEO of Hevolution Foundation, a non-profit organisation based in Riyadh, on Wednesday stressed the... Published 25 Sep, 2024 03:30pm
Business & Economy IMF-backed reform agenda to accelerate Pakistan’s economic growth in FY25: ADB In its Asian Development Outlook, Manila-based lender sees Pakistan's growth to grow by moderate 2.8% in FY25 Updated 25 Sep, 2024 07:18pm
Bullion Rate Another record high: gold prices in Pakistan hit Rs275,500 per tola Gold prices in Pakistan maintained their upward trajectory on Wednesday in line with their increase in international... Published 25 Sep, 2024 02:23pm
Stocks ‘Employees part ways’: Siemens Pakistan announces ‘Rs556mn strategic transformation’ Siemens (Pakistan) Engineering (SIEM) announced that it is transforming one of its operational segments within the... Updated 25 Sep, 2024 06:51pm
Mutual Funds Japan’s 10-year bond yield hits over 7-week low as rate-hike prospects fade TOKYO: Japan’s 10-year government bond yield hit a more than seven-week low on Wednesday, as prospects faded for... Published 25 Sep, 2024 01:04pm
Mutual Funds Euro zone bond yields hold steady after two-day slide LONDON: Euro zone bond yields were little changed on Wednesday after falling during the two previous sessions as... Published 25 Sep, 2024 12:59pm
Companies Mari Petroleum begins data centre initiative in Karachi Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, has ramped up efforts to... Updated 25 Sep, 2024 06:51pm
Stocks European shares slip as China-fuelled rally loses steam European shares opened lower on Wednesday as a rally sparked by China’s stimulus package lost steam, while falls in... Published 25 Sep, 2024 12:57pm
Stocks London stocks fall as China stimulus boost fades UK shares slipped on Wednesday, retracing gains from the previous session, as investors questioned whether the... Published 25 Sep, 2024 12:47pm
Stocks Asian markets boosted again after another Chinese rate cut HONG KONG: Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day... Published 25 Sep, 2024 12:17pm
Stocks Australian shares edge higher as commodity stocks surge; inflation data in focus Australian shares inched higher on Wednesday after a two-session slide, as gains in commodity stocks after China’s... Published 25 Sep, 2024 11:32am
Forex Indian rupee to resume rise on yuan-led Asia rally, Fed outlook MUMBAI: The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the... Published 25 Sep, 2024 11:28am
Commodities Soybeans ease on forecast of improved South American weather SINGAPORE: Chicago soybean futures slid on Wednesday for the first time in three sessions, as an outlook for... Published 25 Sep, 2024 11:25am
Commodities Palm rises for sixth session on Dalian oils’ strength KUALA LUMPUR: Malaysian palm oil futures rose for a sixth straight session on Wednesday despite a stronger ringgit,... Published 25 Sep, 2024 11:20am
Energy OGDCL discovers hydrocarbon reserves in Sindh Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,... Updated 25 Sep, 2024 06:51pm
Stocks South Korean shares flat as financials counter gains in chipmakers KOSPI was down 2.27 points, or 0.09% Published 25 Sep, 2024 11:18am
Energy Kuwait’s Al Zour closes low sulphur fuel oil sales tender for Oct-Dec SINGAPORE: Kuwait Petroleum Corporation (KPC) has closed a term tender offering low sulphur fuel oil from its Al... Published 25 Sep, 2024 10:59am
Commodities Iron ore soars on China stimulus, lower global supply SINGAPORE: Iron ore futures prices surged on Wednesday, as a fresh batch of policy easing measures from top consumer... Published 25 Sep, 2024 10:57am
Currency Rupee largely stable against US dollar Currency settles at 277.85 against greenback in inter-bank market Updated 25 Sep, 2024 06:52pm
Forex Malaysian ringgit hits more than 3-year high on China stimulus, leads Asian FX rally Asian currencies rallied on Wednesday, with the Malaysia ringgit hitting a more than three-year high as China’s... Published 25 Sep, 2024 10:51am
Commodities Thailand tenders for about 195,000 T feed wheat, traders say HAMBURG: A group of importers in Thailand has issued an international tender to purchase an estimated 195,000 metric... Published 25 Sep, 2024 10:46am
Commodities Copper extends rally to over two-month highs on China stimulus BEIJING: Copper prices continued to rally on Wednesday, hitting more than two-month highs amid upbeat sentiment... Published 25 Sep, 2024 10:32am
Bullion Rate Gold jumps to record high on rate bets, weaker US dollar Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts, while... Published 25 Sep, 2024 10:30am
Forex China’s yuan briefly crosses key 7 per dollar as market cheers stimulus SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level... Published 25 Sep, 2024 10:19am
Stocks China, Hong Kong stocks jump as aggressive stimulus boosts sentiment HONG KONG: China and Hong Kong stocks rallied broadly for a second day on Wednesday as investors basked in the... Published 25 Sep, 2024 10:14am
Shadow of Abenomics clouds BOJ’s rate hike path TOKYO: Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan’s ruling party... Published 25 Sep, 2024 10:12am
Stocks Japan’s Nikkei ekes out gains in choppy trade TOKYO: Japan’s Nikkei share average edged up in choppy trade on Wednesday, buoyed by Wall Street strength overnight,... Published 25 Sep, 2024 10:05am
Mutual Funds India benchmark bond yield eases below 6.75% on new Fed cut, lower supply bets MUMBAI: Indian government bond yields trended lower early on Wednesday as bets of another large rate cut from the US... Published 25 Sep, 2024 10:04am
Stocks Indian shares likely to open little changed BENGALURU: Indian shares are set to open flat on Wednesday after hitting record highs for four sessions, as traders... Published 25 Sep, 2024 10:02am
Forex Australia, New Zealand dollars scale fresh highs on China boost SINGAPORE: The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while the yuan hit its... Published 25 Sep, 2024 09:59am
Energy Oil falls despite China’s stimulus plan; US crude stocks draw limits losses NEW YORK: Oil prices edged lower on Wednesday as investors reassessed whether China’s latest stimulus plans will be... Updated 25 Sep, 2024 09:23pm
Taxes Import of ‘High Pressure Washer’ to attract zero percent customs duty ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) declared that zero percent... Published 25 Sep, 2024 08:51am
Industry SCCI elections: tough contest in sight PESHAWAR: There is all set to hold the Sarhad Chamber of Commerce and Industry (SCCI) election for 2024-26. Polling... Published 25 Sep, 2024 07:22am
Taxes SRB seals popular eatery for ‘tax evasion’ KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against a popular eatery in Karachi’s upscale... Published 25 Sep, 2024 07:21am
Ministries asked to conceive, plan projects within allocated budgets ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that the project... Published 25 Sep, 2024 07:13am
Companies Innovative wins P@SHA ICT Awards 2024 KARACHI: Innovative Pvt Ltd (IPL), Pakistan’s leading provider of Self-Service Banking and Currency Technology... Published 25 Sep, 2024 06:48am
PTA publishes Framework for Wireless Local Area Network ISLAMABAD: The Pakistan Telecommunication Authority (PTA) after extensive consultation with the relevant ... Published 25 Sep, 2024 06:48am
Companies CCP approves internal restructuring of Nishat Chunian Group ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved internal restructuring involving M/s Nishat... Published 25 Sep, 2024 06:48am
PIA bidding likely to be shown live ISLAMABAD: The Ministry of Privatisation secretary informed a parliamentarians’ panel that on completion of... Published 25 Sep, 2024 06:48am
IT minister claims Dr Umar sabotaged deal with Paypal ISLAMABAD: Minister of State for IT and Telecom Shaza Fatima Khawaja accused former caretaker federal minister Dr... Updated 25 Sep, 2024 11:59am
Companies Standard Chartered launches Goal Accelerator Programme for women KARACHI: Standard Chartered Bank on Monday launched the Goal Accelerator Programme in collaboration with Right To... Published 25 Sep, 2024 06:48am
Book building starts today: BF Biosciences seeking to expand key product lines KARACHI: BF Biosciences IPO’s book building phase will be held on 25th and 26th September where high net worth... Updated 25 Sep, 2024 09:24am
Companies Pacra assigns Asset Manager rating to PQFTL as Pension Fund Manager KARACHI: The Pakistan Credit Rating Agency Limited (Pacra) has assigned the Asset Manager rating of AM2 to the... Published 25 Sep, 2024 06:48am
‘Manufacturing sector’s future become bleak due to high electricity rates & taxes’ KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen... Published 25 Sep, 2024 06:48am
‘Climate-related events could reduce 18-20pc Pakistan’s GDP by 2050’ KARACHI: Despite contributing only one percent to global carbon emissions, Pakistan is among the countries hardest... Published 25 Sep, 2024 06:48am
Industry Businessman Panel wins elections of PST&SI PESHAWAR: The Businessmen Panel, led by Malik Mehr Elahi, achieved a historic victory in the elections of the... Published 25 Sep, 2024 06:48am
Taxes FBR transformation plan, digitisation: Business groups, tax compliant cos taken on board ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Tuesday took into confidence leading business... Published 25 Sep, 2024 06:48am
'Business Facilitation Centre promoting activities in Punjab' LAHORE: Punjab Information and Culture Secretary Shahinshah Muhammad Faisal Azim said that the establishment of... Published 25 Sep, 2024 06:48am
Industry Abdullah Zaki appointed as Member of KPT Board of Trustees KARACHI: Former president Karachi Chamber of Commerce & Industry (KCCI) Abdullah Zaki has been appointed as... Published 25 Sep, 2024 06:48am
Industry PIAF PPA wins all 15 seats in LCCI Corporate Elections 2024 LAHORE: PIAF Pioneers Progressive Alliance has won all 15 seats in the Corporate Elections 2024 of the Lahore ... Published 25 Sep, 2024 06:48am
Taxes Exemption of local scrap from sales tax: Delay in implementation causing over Rs 5bn revenue loss per month ISLAMABAD: The delay in implementation of a key budgetary measure (2024-25) to exempt local scrap from sales tax has... Published 25 Sep, 2024 06:48am
Industry Minister calls for JVs in industrial, agri sectors with Belarus ISLAMABAD: Minister for Commerce Jam Kamal has called for the establishment of joint ventures between Pakistan and... Published 25 Sep, 2024 06:48am
Industry Belarussian businessmen urged to invest in country ISLAMABAD: Pakistan on Tuesday extended an invitation to Belarusian investors to explore opportunities in the ... Published 25 Sep, 2024 06:48am
Money & Banking Indian rupee ends weaker MUMBAI: The Indian rupee weakened on Tuesday as outflows related to the rebalancing of some global equity indexes,... Published 25 Sep, 2024 06:48am
Money & Banking Yuan boosted as China unleashes stimulus NEW YORK: China’s yuan hit a 16-month high against the US dollar on Tuesday, after the central bank of the... Published 25 Sep, 2024 06:48am
Money & Banking Asian currencies: Malaysia’s ringgit at nearly 3-year high BENGALURU: Equities in emerging Asian markets rose modestly on Tuesday after China announced broad stimulus measures... Published 25 Sep, 2024 06:48am
China’s central bank unveils most aggressive stimulus since pandemic BEIJING: China’s central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out... Published 25 Sep, 2024 06:48am