News Archives for Latest - 2024-10-04

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Archive - 2024-10-04

Energy

Oil set for biggest weekly gains in two years on Middle East war risk

NEW YORK: Oil prices rose for a fourth consecutive session on Friday as investors braced for a potential Israeli...

Updated 04 Oct, 2024 11:35pm

Bullion Rate

Gold price per tola increases Rs1,800 in Pakistan

After decreasing in the last session, gold prices in Pakistan jumped on Friday in line with their increase in...

Updated 04 Oct, 2024 11:34pm

Companies

Pakistan’s leather exporter announces downsizing operations amid economic challenges

Pak Leather Crafts Limited (PLCL), a manufacturer and exporter of leather goods, has announced to downsize its...

Updated 04 Oct, 2024 11:28pm

Stocks

KSE-100 closes above 83k for first time on banking, oil & gas sector rally

The Pakistan Stock Exchange (PSX) maintained its upward momentum as buying continued with Friday’s session...

Updated 04 Oct, 2024 11:27pm

Airstrikes launched on several parts of Yemen, Houthi Al Masirah TV says

Airstrikes were launched on Friday at several parts of Yemen including its capital Sanaa and Hodeidah airport, Al...

Published 04 Oct, 2024 11:24pm

Forex

Rupee records marginal improvement against US dollar

Currency settles at 277.52 against the greenback in inter-bank market

Updated 04 Oct, 2024 11:25pm

Indian Foreign Minister Jaishankar to visit Pakistan for SCO summit

Visit will be the first by an Indian foreign minister to Pakistan in nearly a decade

Updated 04 Oct, 2024 11:16pm

Video

At least 30 arrested as govt moves to stop PTI protesters marching towards D-Chowk in Islamabad

Police fire tear gas shells to disperse demonstrators

Updated 04 Oct, 2024 11:14pm

UN condemns Israel’s ‘unlawful air strike’ on West Bank camp which killed 18

TULKAREM: The United Nations on Friday condemned what it called an “unlawful air strike” by Israel on a refugee camp...

Published 04 Oct, 2024 11:08pm

Recorder headlines: October 04, 2024 (9pm)

Published 04 Oct, 2024 09:47pm

Army called in ahead of SCO summit in Islamabad

The federal government on Friday approved the deployment of the Pakistan Army in Islamabad under Article 245 of the...

Updated 04 Oct, 2024 09:41pm

CTBCM’s impact: a promise of affordable and reliable electricity?

The potential transition of Pakistan’s power sector to a competitive wholesale electricity market under the...

Published 04 Oct, 2024 09:30pm

Middle East

Two Israeli soldiers killed in combat in northern Israel, military says

CAIRO: Israel’s military announced on Friday that two of its soldiers from the Golani Brigade had been killed in...

Published 04 Oct, 2024 08:12pm

Internet loadshedding?: netizens report disruption in various services on mobile broadband in Pakistan

Users across Pakistan were unable to access various internet services and social media while connected to mobile...

Updated 04 Oct, 2024 07:49pm

Stocks

Wall St rises after strong September jobs data boosts market confidence

US stocks surged on Friday, with the S&P 500 near a record high as investors cheered a crucial labor report...

Published 04 Oct, 2024 07:36pm

PTI protest in Islamabad: Interior Minister Naqvi conducts aerial inspection

Published 04 Oct, 2024 07:25pm

South Asia

Sri Lanka gets backing from IMF, bilateral creditors for $12.5bn bondholder debt rework

COLOMBO: Sri Lanka’s $12.5 billion bondholder debt rework has received support from bilateral creditors and the...

Published 04 Oct, 2024 06:54pm

Middle East

Israeli military says it has killed around 250 Hezbollah fighters in ground operation

JERUSALEM: The Israeli military estimates it has killed around 250 Hezbollah fighters, including a number of...

Published 04 Oct, 2024 06:47pm

Forex

India’s forex reserves top $700bn for first time after seven-week surge

MUMBAI: India’s foreign exchange reserves crossed $700 billion for the first time on record, after climbing for...

Updated 04 Oct, 2024 06:43pm

Movies & Music

Bruce Springsteen backs Kamala Harris in latest celebrity endorsement

Rocker Bruce Springsteen endorsed Democratic presidential candidate Kamala Harris on Thursday for the Nov. 5...

Published 04 Oct, 2024 06:41pm

Police arrest Imran Khan’s sisters amid a protest call at D-Chowk, Islamabad

Published 04 Oct, 2024 06:34pm

South Asia

Iran says any Lebanon ceasefire should be simultaneous with Gaza

BEIRUT: Tehran backs efforts for a ceasefire in Lebanon on the condition it would be backed by Hezbollah and...

Published 04 Oct, 2024 06:15pm

USA

Walz promises Muslims an equal role in Harris administration

NEW YORK: Tim Walz, Democratic presidential candidate Kamala Harris’s running mate, on Thursday promised Muslim...

Published 04 Oct, 2024 06:07pm

USA

Kushner has discussed US-Saudi diplomacy with Saudi crown prince

WASHINGTON: Jared Kushner, son-in-law of former US President Donald Trump, has discussed US-Saudi diplomatic...

Published 04 Oct, 2024 06:01pm

Stocks

Abu Dhabi index extends losses to seventh session, Dubai closes higher

Abu Dhabi’s index closed down on Friday, extending losses into a seventh session amid tensions between Israel and...

Published 04 Oct, 2024 05:53pm

How trading influences your life: Olymptrade’s users share insights

There are many types of traders in the world of trading. For many, trading is a side hustle or an additional source...

Published 04 Oct, 2024 05:47pm

Commodities

Global LNG: Asian spot LNG price flat on weak demand during China holiday

SINGAPORE: Asian spot liquefied natural gas (LNG) remained flat for a second consecutive week, with buyers staying...

Published 04 Oct, 2024 05:30pm

PTI protest in Islamabad: police fire tear gas shells to disperse demonstrators

Published 04 Oct, 2024 05:28pm

Milan owner looking for new investors in the club, Italian paper says

ROME: US investment firm RedBird Capital wants to sell a stake in AC Milan, the Italian soccer club it has owned...

Published 04 Oct, 2024 05:10pm

Middle East

Most of Lebanon’s displacement shelters are full, UN says

GENEVA: UN officials said on Friday most of Lebanon’s nearly 900 shelters were full and that people fleeing Israeli...

Published 04 Oct, 2024 05:05pm

Stocks

Indian shares post worst week in over 2 years as Mideast fears, foreign outflows weigh

Indian shares fell for a fifth session on Friday and posted their worst week in over two years as concerns about the...

Published 04 Oct, 2024 04:46pm

Stocks

Sri Lanka shares end higher as industrials and financials stocks gain

CSE All Share index settled up 1.04% at 12,053.49

Published 04 Oct, 2024 04:42pm

Commodities

Copper posts weekly loss despite stimulus-driven rally

LONDON: Copper prices were on track for weekly losses on Friday as momentum slowed after stimulus measures from top...

Published 04 Oct, 2024 04:40pm

Commodities

Palm surges on Middle East conflict, records highest weekly gain in 16 months

KUALA LUMPUR: Malaysian palm oil futures closed higher and recorded a weekly gain on Friday, driven by a widening...

Published 04 Oct, 2024 04:38pm

South Asia

Ayatollah Ali Khamenei says Iran’s allies ‘will not back down’ in war with Israel

BEIRUT: Iran’s supreme leader vowed in a rare address on Friday that his allies around the region would keep...

Updated 04 Oct, 2024 04:29pm

Recorder headlines

Published 04 Oct, 2024 04:05pm

Europe

Russia calls for West to lift sanctions on Afghanistan

MOSCOW: Russia’s foreign minister Sergei Lavrov called on Friday for the West to lift sanctions on Taliban-led...

Published 04 Oct, 2024 04:00pm

Top seed Sabalenka stunned by Muchova in Beijing last eight

BEIJING: The 49th-ranked Karolina Muchova stunned top seed Aryna Sabalenka in three sets to reach the China Open...

Published 04 Oct, 2024 03:56pm

PTI protest: PIA says all domestic, international flights operational today

The Pakistan International Airlines (PIA) said on Friday that all of its services were operational, a statement that...

Updated 04 Oct, 2024 03:43pm

IPPs talks status remains under wraps

ISLAMABAD: The Power Division on Thursday refused to share current status of critical negotiations of Task Force on...

Updated 04 Oct, 2024 03:24pm

Provident Funds: Profit rate fixed at 13.97pc per annum

ISLAMABAD: The Government of Pakistan has decided that the rate of profit applicable to the subscriptions and the...

Updated 04 Oct, 2024 03:23pm

COAS Munir, Malaysian PM Ibrahim discuss regional security, defence cooperation

Published 04 Oct, 2024 03:04pm

Forex

South African rand gains, focus on Middle East tension and US payrolls data

JOHANNESBURG: The South African rand recuperated some losses in early trade on Friday, ahead of a key US payrolls...

Published 04 Oct, 2024 02:09pm

Stocks

London stocks open higher on energy boost

The continued rise in energy stocks lifted UK shares at the open on Friday, but not by enough to prevent a weekly...

Published 04 Oct, 2024 02:07pm

Forex

Russian rouble firms versus yuan as state’s forex sales set to rise

MOSCOW: The Russian rouble strengthened against the yuan on Friday after receiving support from increased net sales...

Published 04 Oct, 2024 02:05pm

BoE’s Pill urges cautious approach to cutting interest rates

LONDON: Bank of England Chief Economist Huw Pill said the British central bank should move only gradually with...

Published 04 Oct, 2024 02:03pm

Europe

Employee at Russia-controlled nuclear plant killed in car bomb, say investigators

MOSCOW: An employee at the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine was killed on...

Published 04 Oct, 2024 02:01pm

Europe

UK finance minister to give Mansion House speech on Nov. 14, Sky News says

LONDON: British finance minister Rachel Reeves will deliver her first speech to the financial and professional...

Published 04 Oct, 2024 01:56pm

EU top court says FIFA player transfer rules breach EU law

PARIS: The transfer rules of world soccer’s governing body FIFA go against European Union laws, the EU’s top court...

Published 04 Oct, 2024 01:52pm

Stocks

European shares rise as energy stocks shine on wider Middle East conflict

European shares inched higher on Friday, supported by regional energy stocks after crude oil prices climbed on...

Published 04 Oct, 2024 01:49pm

Movies & Music

George Harrison’s early Beatles guitar could fetch $800,000 at auction

LIVERPOOL: An electric guitar played by the late guitarist George Harrison in the early days of the Beatles will go...

Published 04 Oct, 2024 01:44pm

Sustaining reforms critical for Sri Lanka: IMF

COLOMBO: Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International...

Published 04 Oct, 2024 12:40pm

Govt moves to block PTI protesters from reaching D-Chowk

Published 04 Oct, 2024 12:37pm

Spoon scratching: Kenya’s DIY DJ

NAIROBI: A spoon, some towel hooks, a piece of kettle and a plastic cap – that’s all you’ll need to make a mixing...

Published 04 Oct, 2024 12:37pm

Jannik Sinner not ‘comfortable’ as doping case clouds Shanghai campaign

SHANGHAI: World number one Jannik Sinner said Friday he was not in a “comfortable” situation as his doping case...

Published 04 Oct, 2024 12:32pm

MENA

Iran’s foreign minister lands in Beirut: Lebanese official media

BEIRUT: Iran’s Foreign Minister Abbas Araghchi landed in Lebanon’s capital Friday, official media said, as Israel...

Published 04 Oct, 2024 12:31pm

Chivas player firework joke backfires, outrages Mexican media

MEXICO CITY: Chivas winger Roberto Alvarado’s firecracker prank at the club’s press conference backfired, with...

Published 04 Oct, 2024 12:24pm

Stocks

Hong Kong shares reach again for 20-month peak

SINGAPORE: Hong Kong stocks rose more than 2% on Friday, still cheering China’s massive economic stimulus proposals,...

Published 04 Oct, 2024 12:17pm

South Asia

Malaysia PM to visit Bangladesh, focus on labour issues

DHAKA: Malaysia’s Prime Minister Anwar Ibrahim is set to arrive in Bangladesh on Friday for talks primarily focused...

Published 04 Oct, 2024 12:14pm

Mutual Funds

Japan bonds set for weekly drop as PM Ishiba takes office

SYDNEY: Ten-year Japanese government bonds were sold on Friday and the short-end was headed for its heaviest weekly...

Published 04 Oct, 2024 12:08pm

Commodities

Copper edges up at end of see-saw week

Copper prices rose on Friday, after having see-sawed in holiday-thinned trade through the week as profit booking...

Published 04 Oct, 2024 12:06pm

Forex

Asian FX dip as Mideast tensions occupy centre-stage

Emerging Asian currencies slipped on Friday, with the South Korean won and the Taiwan dollar weakening the most,...

Published 04 Oct, 2024 12:02pm

PSG’s Beraldo replaces injured Bremer in Brazil squad for World Cup qualifiers

Brazil have called up Paris St Germain’s Lucas Beraldo to replace injured defender Gleison Bremer in this month’s...

Published 04 Oct, 2024 11:59am

Europe

EU headed for ‘economic cold war’ with China, Hungary’s Orban says

BUDAPEST: The European Union’s economic strategy represents an “economic cold war” and Hungary does not want to be...

Published 04 Oct, 2024 11:52am

Scientists map fruit fly brain in neurobiological milestone

WASHINGTON: Scientists announced on Thursday a milestone in neurobiological research with the mapping of the entire...

Published 04 Oct, 2024 11:46am

Europe

Overnight fires put out at two Russian fuel depots, say regional officials

MOSCOW: Firefighters have put out a blaze at a fuel depot in Russia’s Perm region, the emergencies ministry said on...

Published 04 Oct, 2024 11:36am

Middle East

Israeli strike closes off road used to flee Lebanon, transport minister says

WASHINGTON/BEIRUT/OCCUPIED JERUSALEM: An Israeli strike on Friday morning near Lebanon’s Masnaa border crossing with...

Published 04 Oct, 2024 11:28am

MACPAC Films Limited

MACPAC Films Limited (MACFL) was incorporated in Pakistan as a limited liability company in 1993. The company is...

Updated 04 Oct, 2024 11:25am

COAS Munir, Malaysian PM Ibrahim discuss regional security, defence cooperation

Chief of Army Staff (COAS) General Asim Munir discussed on Friday bilateral strategic interests, regional security...

Published 04 Oct, 2024 11:25am

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...

Updated 04 Oct, 2024 11:19am

Petroleum sales see a respite

Petroleum consumption in the country was seen growing in September-2024 as the OMCs reported robust sales in...

Updated 04 Oct, 2024 11:13am

Companies

Jazz chief terms Telenor-PTCL merger as significant development

ISLAMABAD: Jazz CEO Aamir Ibrahim stressed the importance of healthy competition and market repair to drive...

Updated 04 Oct, 2024 11:09am

USA

Liz Cheney, campaigning for Harris, says Trump ‘not fit to lead’

Former Republican congresswoman Liz Cheney said former President Donald Trump is “not fit to lead” the US, urging...

Published 04 Oct, 2024 11:02am

Companies

Air Link CEO confirms company has imported 2 units of Xiaomi SU7, but talk of assembly plant premature

KARACHI: Air Link Communication CEO Muzzaffar Hayat Piracha confirmed that the company has imported two units of the...

Updated 04 Oct, 2024 11:01am

Commodities

Wheat consolidates below 3-1/2-month peak as supply risks loom

CANBERRA: Chicago wheat futures slipped for a second day on Friday, as traders injected some caution into a rally...

Published 04 Oct, 2024 10:56am

Bullion Rate

Gold holds steady as traders wait for US payroll data

Gold prices traded flat on Friday but were slightly down for the week, as market focus shifted to a crucial US...

Published 04 Oct, 2024 10:53am

Commodities

Palm oil opens up tracking Chicago soyoil, weaker ringgit

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, tracking gains in the Chicago soyoil contract and a weaker...

Published 04 Oct, 2024 10:50am

Forex

Australian dollar set for solid weekly gains on yen, kiwi

SYDNEY: The Australian dollar is headed for solid weekly gains on the Japanese yen and New Zealand’s kiwi, although...

Published 04 Oct, 2024 10:45am

Privatisation of PIA: Plan faces slowing momentum on queries by bidders

Bidding deadline set for October 31, 2024, may be extended

Updated 04 Oct, 2024 10:45am

Mutual Funds

India’s 10-year bond yield hits 3-week high as US peers, oil prices surge

MUMBAI: Indian government bond yields rose in early trade on Friday, with the benchmark 10-year yield hitting a...

Published 04 Oct, 2024 10:43am

Forex

Indian rupee to hold near all-time low on foreign outflows, oil worries

MUMBAI: The Indian rupee is likely to remain anchored near a lifetime low on Friday, hit by concerns over the deluge...

Published 04 Oct, 2024 10:38am

Stocks

Indian shares set to open higher; Bajaj Finance in focus

Indian shares are set to open higher on Friday, with investors expected to buy the dip after a slump in the previous...

Published 04 Oct, 2024 10:22am

Stocks

Asia shares fall, oil set for weekly gains on Mideast risks

SINGAPORE: Asian stocks retreated on Friday while oil prices headed for their sharpest weekly gain in more than a...

Published 04 Oct, 2024 10:20am

Stocks

Nikkei heads for weekly drop as Ishiba rattles markets

SYDNEY: Japanese stocks headed for their steepest weekly fall in a month on Friday as Prime Minister Shigeru...

Published 04 Oct, 2024 10:17am

Forex

Dollar poised for largest weekly gain since April, jobs report in focus

SINGAPORE: The dollar hung around a six-week high on Friday, set for its biggest weekly gain since April due to...

Published 04 Oct, 2024 10:14am

World Bank official, FBR chief discuss FBR transformation plan

ISLAMABAD: The Country Director of World Bank, Najy Benhassine along with Tobias Akhtar Haque (Lead Country...

Updated 04 Oct, 2024 09:38am

Rs45bn TSG for defence services cleared: ECC approves increase in retail price of ARV

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet granted approval to increase the maximum retail...

Updated 04 Oct, 2024 09:34am

Generation tariff: KE requests Nepra to declare pending determination

ISLAMABAD: K-Electric on Thursday requested the National Electric Power Regulatory Authority (Nepra) to announce...

Updated 04 Oct, 2024 09:29am

Pakistan, Malaysia express resolve to enhance ties in diverse fields

ISLAMABAD: Pakistan and Malaysia have reiterated their commitment to further enhance bilateral cooperation in the...

Updated 04 Oct, 2024 09:28am

PTI assails verdict

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Secretary General Salman Akram Raja claimed that it was the black day in...

Updated 04 Oct, 2024 09:07am

Constitutional amendment: Three bar bodies announce ‘resistance’

ISLAMABAD: Three major bar associations of the federal capital, on Thursday, rejected the constitutional package and...

Updated 04 Oct, 2024 09:04am

Kremlin talks: TAPI gas, trade & road transport pact top the agenda

ISLAMABAD: Deputy Prime Minister of Russia, Alexey Overchuk and Russian ministers were called on by Federal Minister...

Updated 04 Oct, 2024 09:03am

Pakistan and Malaysia sign four key MoUs

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan, witnessed the signing of four significant MoUs between...

Updated 04 Oct, 2024 09:01am

BR’s refresher: your morning briefing for the day

Important updates from October 3, 2024

Published 04 Oct, 2024 08:43am

‘New page’ in Pak-BD ties?

EDITORIAL: There’s a lesson in the newfound Pakistan-Bangladesh bonhomie that’s gripped the Asian press all the...

Updated 04 Oct, 2024 08:35am

Will Pakistan ever break free from the IMF cycle?

“You can’t solve a problem with the same mindset that created it.” This quotation, attributed to Albert...

Updated 04 Oct, 2024 08:34am

The assassination of Hassan Nasrallah: one step forward two steps back

The news of Hassan Nasrallah’s assassination was shocking but not happening in a void. After Gaza, the ...

Updated 04 Oct, 2024 08:34am

IMF programme: a mixed bag of economic consequences

In the statement released by International Monetary Fund (IMF) on September 27, it indicated that it had approved a...

Updated 04 Oct, 2024 08:29am

IMF programme & reform priorities

The long-awaited US$ 7 billion 37-month Extended Fund Facility (EFF), finally approved by the Executive Board of the...

Updated 04 Oct, 2024 08:28am

A Visionary Journey from Humble Beginnings to Healthcare Leadership

Khalil-ur-Rehman, CEO, Galaxy Group of Companies

Updated 04 Oct, 2024 08:26am

Pakistan-South Korea economic relations

Pakistan’s exports to South Korea doubled were the headlines in July last year appearing in the print media. It ...

Updated 04 Oct, 2024 08:22am

PARTLY FACETIOUS: The ME is smouldering

“Uh oh.” “I reckon it’s much more than an uh oh moment. The Middle East is smouldering, but you know I don’t see the...

Updated 04 Oct, 2024 08:18am

SAU entry test for undergraduate programmes on 12th

HYDERABAD: Sindh Agriculture University (SAU), Tando Jam, is set to hold the entry test for its undergraduate degree...

Updated 04 Oct, 2024 08:12am

Industry

New ghee factories: Ministry urged to create rules, regulations

KARACHI: Sheikh Umar Rehman, Chairman of the Pakistan Vanaspati Manufacturers Association has urged the Ministry of...

Published 04 Oct, 2024 08:09am

M-6 Project: NA body highlights critical infrastructure delays

ISLAMABAD: National Assembly Standing Committee on Communications on Thursday highlighted critical infrastructure...

Published 04 Oct, 2024 08:08am

Post-arrest bail of PTI senator dismissed

LAHORE: A division bench of the Lahore High Court on Thursday dismissed post-arrest bail of PTI senator Ejaz ...

Published 04 Oct, 2024 08:06am

Constitutional amendment: Qureshi urges Bilawal to build consensus

LAHORE: Pakistan Tehreek-e-Insaf (PTI) leader and former foreign minister Shah Mahmood Qureshi on Thursday termed ...

Published 04 Oct, 2024 08:05am

Internet speed: Repeated reassurances done little to restore confidence

ISLAMABAD: Repeated reassurances from authorities regarding improving internet speed in the country have done little...

Published 04 Oct, 2024 08:04am

RUDA launches dedicated counter for addressing public grievances

LAHORE: The Ravi Urban Development Authority (RUDA) on Thursday launched a dedicated Public Redressal Counter and ...

Updated 04 Oct, 2024 08:01am

Short-term listed corporate Sukuk market: SECP conducts public hearing on proposed regulatory interventions

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) conducted the first-ever public hearing in...

Published 04 Oct, 2024 07:58am

IFRS Sustainability Disclosure Standards: SECP issues survey on adoption

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is considering to adopt IFRS Sustainability...

Published 04 Oct, 2024 07:57am

Special police force to prevent encroachment on RUDA’s land

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif chaired a special meeting for a detailed overview of the ...

Updated 04 Oct, 2024 07:56am

Energy

SSGC continues raids against gas theft miscreants

KARACHI: SSGC continued to tighten the noose on gas theft miscreants through multiple targeted raids in its ...

Published 04 Oct, 2024 07:55am

Terrorism case registered against Gohar, Salman Raja

ISLAMABAD: The capital police on Thursday registered a terrorism case against Pakistan Tehreek-e-Insaf (PTI) ...

Published 04 Oct, 2024 07:52am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (October 02, 2024)...

Published 04 Oct, 2024 07:50am

Match officials announced for Test series against England

LAHORE: West Indies’ Sir Richie Richardson, who is a member of the ICC Elite Panel of Match Referees, will lead ...

Published 04 Oct, 2024 07:46am

UAF Kisan Mela will continue till 9th

FAISALABAD: The University of Agriculture Faisalabad remained a center for attraction for the people and farming...

Published 04 Oct, 2024 07:42am

Energy

Wapda power projects will generate 11,694MW of power

ISLAMABAD: A parliamentary panel, Thursday, was informed that the under construction Water and Power Development...

Published 04 Oct, 2024 07:39am

Cotton & Textile

Volume of business improves on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained satisfactory. Cotton...

Published 04 Oct, 2024 07:37am

Grains

Asian rice prices plunge as India eases export curbs

BENGALURU /MUMBAI/BANGKOK/HANOI AND BANGLADESH: Rice export prices in Asia dropped sharply this week after India, ...

Published 04 Oct, 2024 07:36am

Commodities

Copper pulls back on geopolitics

LONDON: Copper prices retreated on Thursday, hit by tense geopolitics, a strong dollar and uncertainty about how ...

Published 04 Oct, 2024 07:35am

Commodities

Gold slips as hopes for bigger US rate cut dim

NEW YORK: Gold prices fell on Thursday as US economic data tempered expectations of an aggressive rate cut in...

Published 04 Oct, 2024 07:33am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 34.315...

Updated 04 Oct, 2024 07:32am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 160,156 tonnes of cargo comprising 74,954 tonnes of import cargo and 85,202...

Updated 04 Oct, 2024 07:31am

Commodities

Japanese rubber futures snap 7-day rally

SINGAPORE: Japanese rubber futures snapped a seven-session winning streak on Thursday, as weaker global economic ...

Published 04 Oct, 2024 07:31am

Commodities

Palm oil down on weak Chicago soyoil; firmer crude oil

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday, weighed down by the weakness in the Chicago soyoil...

Updated 04 Oct, 2024 07:30am

Grains

Chicago wheat takes a breather

CANBERRA: Chicago wheat futures took a breather in early trading on Thursday, after touching 3-1/2-month highs as...

Updated 04 Oct, 2024 07:30am

Stocks

Nikkei gains 2pc as yen slides on PM’s remarks

TOKYO: Japan’s Nikkei share average rose 2% on Thursday, buoyed by a softer yen as Prime Minister Shigeru...

Updated 04 Oct, 2024 07:29am

Stocks

Hong Kong shares snap 6-day winning streak

HONG KONG: Hong Kong stocks on Thursday fell on Thursday as investors took profits, ending a six-session rally...

Published 04 Oct, 2024 07:28am

Stocks

Gulf bourses end lower on heightened regional tensions

DUBAI: Stock markets in the Gulf ended lower on Thursday as markets weighed the risk of a widening conflict in the...

Published 04 Oct, 2024 07:25am

Stocks

European shares fall as Mideast jitters curb risk-taking

FRANKFURT: European shares declined on Thursday, as investors remained wary of risk-taking amid elevated ...

Published 04 Oct, 2024 07:24am

Money & Banking

Ringgit, Indonesian rupiah drag Asia FX lower

BENGALURU: Asian emerging market currencies fell on Thursday, with Malaysian ringgit and Indonesia’s rupiah ...

Published 04 Oct, 2024 07:23am

Money & Banking

Dollar hits six-week high on solid data

NEW YORK: The dollar rose to a six-week high on Thursday as data showed a still-solid US economy while safe haven...

Updated 04 Oct, 2024 07:22am

Stocks

Wall Street wavers with key jobs data

NEW YORK: Wall Street’s main indexes were mixed in volatile trading on Thursday as investors remained cautious...

Published 04 Oct, 2024 07:21am

Taxes

Audit affairs: FBR appoints 2 new members

ISLAMABAD: The Federal Board of Revenue (FBR) has appointed two new members of audit affairs including a Member...

Updated 04 Oct, 2024 07:19am

Cotton & Textile

Over 2m cotton bales reach ginneries

LAHORE: The Pakistan Cotton Ginners Association (PCGA) has released its latest cotton statistics, revealing a...

Published 04 Oct, 2024 07:18am

PTI vows to hold protest demo at D-Chowk

ISLAMABAD: Despite hurdles and road blockades placed by police which has brought life in twin cities to a standstill...

Published 04 Oct, 2024 07:17am

Industry

Power sector’s transactions: FPCCI calls for thorough forensic audit of CPPA-G

LAHORE: S M Tanveer, Patron-in-Chief of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI-UBG),...