Stocks European shares close lower on growing fears of Iran attack on Israel European shares reversed initial gains to close lower on Tuesday, as investors moved out of riskier assets amid... Published 01 Oct, 2024 09:43pm
Stocks Oil stocks support FTSE 100, midcaps tumble as Iran attack report spooks markets The UK’s benchmark FTSE 100 rose on Tuesday, with gains primarily driven by the energy sector, as investors worried... Published 01 Oct, 2024 09:40pm
Stocks Wall St slides as Middle East tensions intensify; jobs data assessed Wall Street’s main indexes slid on Tuesday as investors turned risk-averse following reports of geopolitical... Published 01 Oct, 2024 08:16pm
Companies Apple may need to turn to China after Indian Tata plant fire, sources say BENGALURU: Extensive damage from a fire at Tata Group’s Apple iPhone component plant in southern India could hamper... Published 01 Oct, 2024 07:48pm
E-Turbo Motors sees growth in Pakistan’s electric vehicle market Sheikh Osama Nadeem, CEO of E-Turbo Motors, said his company is working to establish a foothold in Pakistan’s... Published 01 Oct, 2024 07:26pm
Money & Banking Deposit protection: guarantee amount doubled to Rs1mn from Rs500,000 The Deposit Protection Corporation (DPC) on Tuesday increased the guarantee amount for all eligible depositors of... Published 01 Oct, 2024 06:54pm
Middle East KLM halts all flights to Tel Aviv until the end of the year AMSTERDAM: Dutch airline KLM has suspended all flights to Tel Aviv until the end of this year at least, the Dutch... Published 01 Oct, 2024 06:13pm
Stocks Indian shares end flat as IT offsets energy losses Indian equities swung between mild gains and losses before ending little changed on Tuesday, as profit booking,... Published 01 Oct, 2024 04:43pm
Stocks Sri Lanka shares end higher as industrials, financials gain CSE All-Share index settled 1.16% higher at 11,992.91 Published 01 Oct, 2024 04:41pm
Commodities Copper and aluminium rebound in thin Chinese holiday trade LONDON: Prices of copper and aluminium rose on Tuesday as economic stimulus measures by top metals consumer China... Published 01 Oct, 2024 04:39pm
Commodities Palm bounces back on Indonesia’s October reference price hike KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, bouncing back after two consecutive sessions of... Published 01 Oct, 2024 04:37pm
Commodities Gold price per tola decreases Rs600 in Pakistan Gold prices in Pakistan maintained a downward trajectory on Tuesday in line with their decrease in the international... Updated 01 Oct, 2024 06:22pm
Business & Economy Lowest reading since Jan 2021: inflation in Pakistan clocks in at 6.9% in September 2024 Reading also lower than market expectations that put figure in range of 7.5-8% Updated 01 Oct, 2024 07:47pm
Forex Russian rouble down vs US dollar after September weakness MOSCOW: The Russian rouble weakened further against the US dollar and was flat against China’s yuan on Tuesday as... Published 01 Oct, 2024 02:25pm
Stocks European shares steady ahead of key regional inflation data European shares were largely steady on Tuesday ahead of key inflation data for the region later in the day. The... Published 01 Oct, 2024 02:24pm
Companies Siddiqsons rolls back tin mill project owing to economic challenges, rising cost Siddiqsons Tin Plate Limited (STPL) said on Tuesday that it has decided to roll back the Tin Mill Black Plate (TMBP)... Updated 01 Oct, 2024 07:48pm
Energy UAE oil giant ADNOC to buy German chemicals firm for 12bn euros FRANKFURT: German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates... Published 01 Oct, 2024 01:55pm
Stocks London shares muted; luxury stocks slip The UK’s benchmark FTSE 100 was little changed on Tuesday, as losses in luxury stocks offset gains in precious metal... Published 01 Oct, 2024 01:44pm
Stocks KSE-100 sees buying momentum over expectations of key policy rate cut Buying momentum was seen at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 Index closed the... Updated 01 Oct, 2024 09:45pm
Exchange Rupee largely unchanged against US dollar Currency settles at 277.69 against greenback in inter-bank market Updated 01 Oct, 2024 06:31pm
Commodities Palm up on Indonesia’s October reference price hike KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday after two consecutive sessions of declines as Indonesia’s... Published 01 Oct, 2024 11:59am
Bullion Rate Gold off record highs as Fed’s Powell signals smaller rate cuts Gold prices were hovering below recent record peaks on Tuesday after the US Federal Reserve chair tempered... Published 01 Oct, 2024 11:54am
Mutual Funds JGB yields flat as market sees BOJ’s meeting summary as dovish TOKYO: Yields on short maturity Japanese government bonds were flat on Tuesday as the market confirmed the Bank of... Published 01 Oct, 2024 11:47am
Meta says it will expand production of mixed reality headsets in Vietnam HANOI: Meta Platforms said on Tuesday it will expand investment in artificial intelligence innovation in Vietnam,... Published 01 Oct, 2024 11:13am
Indonesian inflation at 1.84% in September, lowest rate since 2021 JAKARTA: Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price... Published 01 Oct, 2024 11:02am
Companies TRG Pakistan incurs loss of Rs30.8bn in FY24 TRG Pakistan Limited reported its financial results for the year ended 30th June 2024, with a loss after tax of... Published 01 Oct, 2024 11:00am
Commodities Thailand tenders for about 180,000 T feed wheat, traders say HAMBURG: A group of importers in Thailand has issued an international tender to purchase an estimated 180,000 metric... Published 01 Oct, 2024 10:59am
Forex Australian dollar in demand as upbeat data lessens rate risks SYDNEY: The Australian and New Zealand dollars hovered near multi-month highs on Tuesday as upbeat domestic data... Published 01 Oct, 2024 10:49am
Stocks Australian shares retreat as miners and banks fall Australian shares fell on Tuesday after three straight sessions of gains, dragged by index heavyweights mining and... Published 01 Oct, 2024 10:41am
Mutual Funds India 10-year bond yield glued to 6.75% at start of fiscal second half MUMBAI: Indian government bond yields were largely unchanged at the start of the second half of the fiscal year,... Published 01 Oct, 2024 10:38am
Stocks Indian shares open higher; IT stocks lead BENGALURU: Indian shares opened higher on Tuesday, led by information technology stocks, while auto stocks rose as... Published 01 Oct, 2024 10:23am
Companies Qatar Airways buys into Virgin Australia, raising the stakes against Qantas SYDNEY: Qatar Airways will buy a 25% stake in Virgin Australia from US private equity firm Bain Capital, posing a... Published 01 Oct, 2024 10:21am
Stocks Japan’s Nikkei rises, defence stocks shine as Ishiba set to become next PM TOKYO: Japan’s Nikkei share average rose more than 1% on Tuesday, led by defence stocks as former defence minister... Published 01 Oct, 2024 10:17am
Stocks Asian stocks ease, dollar firms as traders ponder US rates SINGAPORE: Asian stocks eased near two-and-half-year highs on Tuesday and the US dollar firmed following hawkish... Published 01 Oct, 2024 10:15am
Forex Dollar sturdy after Powell pushes back on aggressive easing bets TOKYO: The US dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back... Published 01 Oct, 2024 10:07am
Energy Oil prices jump 4% on reports Iran preparing to attack Israel Oil prices jumped about 4% on Tuesday following reports Iran was preparing to launch a missile attack on Israel.... Updated 01 Oct, 2024 09:36pm
Industry Jawed Bilwani elected KCCI president KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were elected as President, Senior Vice President ... Published 01 Oct, 2024 07:44am
Industry KATI office-bearers elected unopposed KARACHI: Junaid Naqi, Ejaz Ahmed Sheikh and Syed Tariq Hussain has been elected unopposed as President, Senior Vice... Published 01 Oct, 2024 07:43am
Industry APTMA chief underscores need for reducing electricity tariffs, restoring RCET LAHORE: Newly-elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers ... Published 01 Oct, 2024 07:34am
Industry FCCI formally launch ‘Cyberabad’ project FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) has formally launched the much awaited... Published 01 Oct, 2024 07:29am
Companies High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount... Updated 01 Oct, 2024 02:00pm
Bids amounting to Rs351bn accepted: Govt conducts buyback auction of MTBs KARACHI: In a historical move, the federal government conducted the buyback auction of Market Treasury Bills (MTBs)... Updated 01 Oct, 2024 09:27am
All five int’l firms qualify for 5G spectrum auction ISLAMABAD: All of the five international consultants qualified in technical bids for providing consultancy services... Published 01 Oct, 2024 06:49am
Sri Lanka records first deflation in 29 years COLOMBO: Cash-strapped Sri Lanka’s economy recorded falling consumer prices for the first time in 29 years,... Published 01 Oct, 2024 06:49am
Fuel prices decline ISLAMABAD: The federal government has announced a substantial reduction in petroleum prices effective from October... Published 01 Oct, 2024 06:49am
Commodities Non-Basmati white rice: Global rice prices drop after India allows exports MUMBAI/ HANOI: Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the... Published 01 Oct, 2024 06:49am
Unplanned use of agri land has to be regularised: minister LAHORE: Punjab Local Government Minister Zeeshan Rafiq has said that unplanned commercial use of agricultural lands... Published 01 Oct, 2024 06:49am
Tax return filing: UBG for one-month extension in deadline KARACHI: The United Business Group (UBG) has appealed to the Federal Board of Revenue (FBR) to extend the income tax... Published 01 Oct, 2024 06:49am
TMA raises concerns over govt plan to disconnect gas supply for CPPs KARACHI: The Towel Manufacturers Association (TMA) has voiced serious concerns about the government's decision to ... Published 01 Oct, 2024 06:49am
Companies Standard Chartered Pakistan awarded Hoechst Pakistan’s cash management mandate KARACHI: Standard Chartered Bank Pakistan and Hoechst Pakistan signed a Memorandum of Understanding (MoU) at the SC... Updated 01 Oct, 2024 12:15pm
Privatization Commission Board to form Negotiating Committee for privatisation of institutions ISLAMABAD: Privatization Commission Board under the chairmanship of Federal Minister for Privatization, Board of... Published 01 Oct, 2024 06:49am
Industry Newly elected SCCI chief spells out priorities PESHAWAR: Newly elected president of the Sarhad Chamber of Commerce and Industry Fazal Muqeem Khan spelt out... Published 01 Oct, 2024 06:49am
German CG praises transformative impact of Thar Coal project LAHORE: The German Consul General Dr Rüdiger Lotz has said that the public-private partnership in Tharparkar is... Published 01 Oct, 2024 06:49am
Taxes FBR urged to extend last date of filing returns KARACHI: President SITE Association of Industry Muhammad Kamran Arbi, Chief Coordinator Saleem Parekh, Senior Vice... Published 01 Oct, 2024 06:49am
FBL partner with Mastercard and 1LINK to launch Shariah-compliant Co-Badged Debit Card KARACHI: In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has... Published 01 Oct, 2024 06:49am
Money & Banking Branchless banking: Banks enhance vigilance to combat scams of transactions LAHORE: The banking sector has enhanced vigilance measures to combat banking scams through branchless banking... Published 01 Oct, 2024 06:49am
Crucial moot in Moscow today to promote bilateral trade ISLAMABAD: Pakistan and Russia are all set to hold Trade and Investment Forum on Tuesday (Oct 1) in Moscow aimed at... Published 01 Oct, 2024 06:49am
Industry Sheikh Umer Rehan elected PVMA chairman for 2024-26 term ISLAMABAD: Sheikh Umer Rehan has been elected as new Chairman Pa-kistan Vanaspati Manufacturers Association (PVMA)... Published 01 Oct, 2024 06:49am
GIS auction rescheduled to 14th KARACHI: The GIS auction which was planned to be conducted on Thursday, October 03, 2024 at Pakistan Stock Exchange... Published 01 Oct, 2024 06:49am
PALSP elects office-bearers for FY2024-26 ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has elected Javaid Iqbal Malik as the new Chairman... Published 01 Oct, 2024 06:49am
PTCL-Telenor acquisition: CCP holds first phase-II merger review hearing ISLAMABAD: The Competition Commission of Pakistan (CCP) has held its first hearing for the Phase II Merger Review... Published 01 Oct, 2024 06:49am
SBP reposes its confidence in digital payment infrastructure KARACHI: The State Bank of Pakistan (SBP) recently reviewed the country’s digital payment infrastructure and... Published 01 Oct, 2024 06:49am
Trade with Afghanistan: Jam vows to help resolve issues facing SCCI members ISLAMABAD: Sarhad Chamber of Commerce and Industry (SCCI) has urged federal government to resolve transit and... Published 01 Oct, 2024 06:49am
Industry Junaid Makda elected PAJCCI president KARACHI: Junaid Makda, Zia-ul-Haq Sarhadi and Pervez Lala have been elected as President, Senior Vice President and... Published 01 Oct, 2024 06:49am
Customs uncovers over Rs35m tax evasion thru mis-declaration of soyabean products KARACHI: The Collectorate of Customs, Appraisement (SAPT), Karachi has uncovered over Rs35 million tax evasion... Published 01 Oct, 2024 06:49am
Money & Banking Indian rupee logs best month since June MUMBAI: The Indian rupee fell on Monday but posted its best month since June, boosted by strong risk appetite... Published 01 Oct, 2024 06:49am
Money & Banking Dollar mixed before heavy US data week NEW YORK: The dollar gained against the yen but dipped against the euro on Monday as investors waited on several key... Published 01 Oct, 2024 06:49am
Money & Banking Malaysia ringgit gains most among Asian FX BENGALURU: Malaysia’s ringgit climbed on Monday against the dollar to hit its highest in more than three years as... Published 01 Oct, 2024 06:49am
Industry LCCI chief, others take oath LAHORE: The newly-elected President of Lahore Chamber of Commerce and Industry Mian Abu Zar Shad, Senior Vice... Updated 01 Oct, 2024 07:30am
China’s factory, service sectors skid, emboldening stimulus calls BEIJING: China’s factory activity shrank for a fifth straight month and the services sector slowed sharply in... Updated 01 Oct, 2024 07:35am
Taxes TY24: FBR extends deadline for filing tax returns till October 14 Decision taken on requests from trade bodies, tax bar associations, and general public, Federal Board of Revenue says Updated 01 Oct, 2024 01:37am