Stocks FFC makes Rs22.6bn profit in 3QCY24, but holds off on dividend amid merger plans Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, posted a consolidated... Updated 28 Oct, 2024 10:08pm
Stocks London stocks climb, energy shares keep gains in check The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainline jumped following a... Published 28 Oct, 2024 03:01pm
Currency Kenyan shilling stable, supported by aid agency FX sales NAIROBI: The Kenyan shilling was steady against the dollar on Monday as international aid agencies converted foreign... Published 28 Oct, 2024 02:58pm
Companies Apple iPhone 16 sales blocked in Indonesia due to local parts rule JAKARTA: Tech giant Apple Inc will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have... Published 28 Oct, 2024 02:56pm
Forex Ugandan shilling flat on slump in appetite KAMPALA: The Ugandan shilling traded flat on Monday, on the back of a general slump in appetite for hard currency... Published 28 Oct, 2024 02:12pm
Stocks European shares rise as key data and US tech earnings loom European shares edged up on Monday as investors prepared for a busy schedule of key economic data releases and... Published 28 Oct, 2024 01:33pm
Stocks Major Gulf markets rise as Iran downplays Israel’s strikes Major stock markets in the Gulf rose in early trade on Monday as tensions eased after Iran played down Israel’s... Published 28 Oct, 2024 01:19pm
Bullion Rate Gold price per tola decreases Rs900 in Pakistan After increasing in the previous session, gold prices in Pakistan declined on Monday in line with their decrease in... Updated 28 Oct, 2024 06:38pm
Currency South African rand flat; mid-term budget the week’s highlight JOHANNESBURG: South Africa’s rand was little changed in early trade on Monday, with Wednesday’s mid-term budget the... Published 28 Oct, 2024 01:15pm
Companies Golootlo, Pakistan’s leading discount aggregator, launches SoftPOS powered by Alliance Network Golootlo, Pakistan’s largest savings platform, has formed a strategic partnership with Alliance Network, a global... Updated 29 Oct, 2024 02:17pm
Companies Indus Motor temporarily halts operations citing inventory shortage Indus Motor Company (INDU), the manufacturer/assembler of Toyota vehicles in Pakistan, has announced to suspend its... Updated 28 Oct, 2024 10:16pm
Commodities Palm oil reverses losses on weaker ringgit, technical buying KUALA LUMPUR: Malaysian palm oil futures inched higher on Monday, as a weaker ringgit and technical buying supported... Published 28 Oct, 2024 11:34am
Money & Banking No urgency for ECB to speed up policy easing, Wunsch says There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small,... Published 28 Oct, 2024 11:29am
Commodities Base metals fall on caution and disappointing China stimulus Prices of base metals largely fell on Monday, as caution prevailed amid conflicting signals on demand and ahead of a... Published 28 Oct, 2024 11:26am
Financial Abu Dhabi’s Mubadala picks banks for debut 5-year sukuk sale Abu Dhabi sovereign wealth fund Mubadala Investment Company has hired banks to arrange investor meetings ahead of... Published 28 Oct, 2024 11:23am
Exchange Rupee slips lower against US dollar Currency settles at 277.68 against the greenback in inter-bank market Updated 28 Oct, 2024 10:39pm
Companies Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25 Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an... Updated 28 Oct, 2024 12:11pm
Commodities Soybeans lose more ground, corn at one-week low on supply pressure SINGAPORE: Chicago soybean futures lost more ground on Monday, while corn slid to its lowest in almost a week, as... Published 28 Oct, 2024 10:15am
Currency Australia, NZ dollars gain versus yen on Japan political uncertainty SYDNEY: The Australian and New Zealand currencies gained against the yen on Monday as Japan’s ruling coalition lost... Published 28 Oct, 2024 10:09am
Commodities Oil slides 5% after limited Israeli retaliatory attack on Iran Brent futures down $4.13, or 5.43%, at $71.92 a barrel Updated 28 Oct, 2024 08:16pm
Commodities Japan rubber futures close lower for fourth consecutive session SINGAPORE: Japanese rubber futures recorded their fourth consecutive session of losses on Monday, weighed down by... Updated 28 Oct, 2024 01:04pm
Stocks Some buying momentum persists at PSX, KSE-100 settles above 90,000 Benchmark briefly crosses 91,000 level during intra-day trading on Monday before profit-taking erases gains Updated 28 Oct, 2024 10:26pm
Commodities Gold slips as dollar firms; market eyes crucial US data Gold prices fell on Monday as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh... Published 28 Oct, 2024 10:00am
Stocks Japan stocks rally as yen tumbles after coalition drubbing TOKYO: Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba’s... Updated 28 Oct, 2024 11:45am
Forex China’s weakening yuan set to snap three straight months of gains in Oct SHANGHAI: China’s yuan weakened on Monday to a more than two-month low against the dollar, underpinned by signs of... Published 28 Oct, 2024 09:54am
Commodities Dalian iron ore hits more than one-week high on renewed China stimulus hopes SINGAPORE: Dalian iron ore futures climbed on Monday to their highest in more than a week, as renewed expectations... Updated 28 Oct, 2024 01:22pm
Financial India bond yields may inch up tracking US peers MUMBAI: Indian government bond yields are expected to move slightly higher at the start of this week on Monday,... Published 28 Oct, 2024 09:42am
Forex Indian rupee pegged back by dollar, US yields; RBI expected to intervene again MUMBAI: The Indian rupee is expected to open largely unchanged on Monday, buoyed by expectations of the country’s... Published 28 Oct, 2024 09:40am
Stocks South Korean stocks end higher as battery shares shine on Tesla rally KOSPI closed up 29.16 points, or 1.13%, at 2,612.43 Updated 28 Oct, 2024 12:06pm
Stocks Miners help Australian shares close slightly higher Australian shares closed marginally higher on Monday as gains in miners outweighed losses in financials and energy... Updated 28 Oct, 2024 11:31am
Stocks China, HK stocks end marginally higher, await key Beijing meeting SHANGHAI: Mainland China and Hong Kong stocks ended marginally higher on Monday as investors grew cautious ahead of... Updated 28 Oct, 2024 02:14pm
Forex Yen slumps as Japan’s election clouds rate rise prospects SINGAPORE: The yen sank to a three-month low on Monday as investors figured the loss of a parliamentary majority for... Published 28 Oct, 2024 09:31am
Companies SDG Impact Framework: Fatima Fertilizer becomes country’s first company to partner with UNDP LAHORE: Fatima Fertilizer has become the first company in Pakistan to officially partner with the United Nations... Published 28 Oct, 2024 08:10am
Companies United Insurance, Mobilink Bank team up to introduce ‘climatic shock insurance’ LAHORE: United Insurance Company and Mobilink Microfinance Bank have come together to launch a groundbreaking... Published 28 Oct, 2024 08:08am
Industry PAAPAM concludes PAPS 2024 successfully LAHORE: The Pakistan Auto Parts Show (PAPS) 2024, hosted by the Pakistan Association of Automotive Parts and... Published 28 Oct, 2024 08:05am
Taxes POS invoicing system: Two restaurants sealed for issuing fake receipts ISLAMABAD: As part of FBR’s drive to bring Tier-1 retailers/ restaurants under the tax net through POS invoicing... Published 28 Oct, 2024 07:39am
Sharjeel terms Yellow Line BRT ‘significant project for Karachi’ KARACHI: Sindh Senior Minister Sharjeel Inam Memon stated that the Yellow Line BRT is a significant project for the... Updated 28 Oct, 2024 07:17pm
Industry Supply-chain due diligence act: German official says opportunity exists for Pakistan to stand out Florian Walther, Pakistan representative at the German Emirati Joint Council for Industry and Commerce, says act relevant for companies here as well Updated 28 Oct, 2024 07:19am
Miftah says ‘complete overhaul of system is essential’ HYDERABAD: Former Federal Finance Minister Miftah Ismail has said that reforming Pakistan under the current system ... Published 28 Oct, 2024 06:21am
Pak-Afghan bilateral trade: Traders present comprehensive proposals PESHAWAR: Traders presented comprehensive proposals to remove hurdles in Pak-Afghan bilateral trade and transit... Published 28 Oct, 2024 06:21am
Oil prices likely to fall after Israel shows restraint in strikes on Iran SINGAPORE/LONDON: Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on... Published 28 Oct, 2024 06:21am
BQATI urges MPC to slash interest rate KARACHI: Bon Qasim Association of Trade and Industry (BQATI) has called on the Monetary Policy Committee (MPC) to... Published 28 Oct, 2024 06:21am
PBF leader urges SBP to lower interest rates by 5pc KARACHI: Captain Abdul Rashid Abro, central leader of the Pakistan Business Forum and former Vice President of... Updated 28 Oct, 2024 09:26am
IPO market sees significant revival: report KARACHI: The IPO (Initial Public Offer) market in Pakistan has seen a significant revival in CY24, supported by an... Published 28 Oct, 2024 06:21am
Industry Fahd highlights diplomats’ proactive role in shaping a peaceful future ISLAMABAD: The Diplomatic Business Club, led by Chairman Muhammad Umar Shah, hosted the 8th Annual International Day... Published 28 Oct, 2024 06:21am
Money & Banking Most Latam FX fall BRASILIA: Most Latin American currencies slipped after rising in the last session on Friday, capping of a week of... Published 28 Oct, 2024 06:21am
Money & Banking Canadian dollar falls against the greenback TORONTO: The Canadian dollar weakened to near 12-week low against its US counterpart on Friday, pressured by the ... Published 28 Oct, 2024 06:21am
Money & Banking Yuan steady against dollar SHANGHAI: China’s yuan held steady against the dollar on Friday, but is headed for its fourth weekly decline amid ... Published 28 Oct, 2024 06:21am
Money & Banking Indian rupee ends flat MUMBAI: The Indian rupee ended nearly unchanged on Friday, managing to hold its ground in the face of weakness in... Published 28 Oct, 2024 06:21am
Companies Mercedes to step up cost cuts after earnings halve BERLIN: Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and... Published 28 Oct, 2024 06:21am
Taxes DG I&I (Customs) DG Enforcement (Customs): FBR removes duplication of functions/roles ISLAMABAD: The Federal Board of Revenue (FBR) has removed duplication of functions/roles between the Directorate... Updated 28 Oct, 2024 08:13am