News Archives for Print - 2024-05-08

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Print - 2024-05-08

Industry

CWEIC CE invites cos to attend Commonwealth Business Forum 2024

KARACHI: Rosie Glazebrook, Chief Executive of Commonwealth Enterprise & Investment Council (CWEIC), invited...

Published 08 May, 2024 08:01am

President DCAA inaugurates ‘ATM 2024’ event at DWTC

KARACHI: Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai...

Published 08 May, 2024 07:58am

Money & Banking

DIBPL joins IFC’s global trade finance programme

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has signed an Issuing Bank Agreement (IBA) with the...

Published 08 May, 2024 07:58am

Companies

Real estate group IMARAT enters capital market with REIT licence

KARACHI: IMARAT Group of Companies, a renowned name in Pakistan’s real estate sector, achieved a significant...

Published 08 May, 2024 07:57am

Industry

Pakistan’s dairy industry: USAID organises workshop on how to deal with challenge of methane emissions

ISLAMABAD: The United States Agency for International Development (USAID) brought together stakeholders from various...

Published 08 May, 2024 07:54am

Commodities

PMEX daily trading report

KARACHI: On Monday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR19.746 ...

Published 08 May, 2024 07:36am

Commodities

Iron ore prices hold steady on property stimulus hopes

BEIJING: Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the previous day, as...

Published 08 May, 2024 07:35am

Stocks

China stocks edge up, led by properties

SHANGHAI: China stocks closed up on Tuesday, led by property shares, as a slew of measures helped lift sentiment in...

Published 08 May, 2024 07:35am

Commodities

Japanese rubber futures rise on poor weather

SINGAPORE: Japanese rubber futures rose on Tuesday after returning from a long holiday, supported by adverse weather...

Published 08 May, 2024 07:33am

Commodities

Chicago corn rises

JAKARTA: Chicago corn climbed for a fifth straight session on Tuesday amid reports of a delay in the US planting...

Published 08 May, 2024 07:33am

Commodities

Malaysian palm oil up on weather woes at oilseeds plantations

SINGAPORE: Malaysian palm oil futures rose for a second session to close at a more-than-one-week high on Tuesday,...

Published 08 May, 2024 07:33am

Cotton & Textile

Spot rate inert on cotton market

LAHORE: The local cotton market on Tuesday remained bearish and the trading volume remained low. Cotton Analyst...

Published 08 May, 2024 07:33am

Commodities

Gold eases as dollar ticks higher, Fed speaker on tap

NEW YORK: Gold prices slipped on Tuesday as the US dollar firmed, while investors awaited more comments from Federal...

Published 08 May, 2024 07:33am

Energy

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Stocks

Tokyo stocks close higher

TOKYO: Tokyo stocks closed higher on Tuesday after a series of public holidays in Japan, as investors took heart ...

Published 08 May, 2024 07:33am

Money & Banking

Yuan softens after weaker PBOC guidance

SHANGHAI: China’s yuan weakened against the dollar on Tuesday, pulling back from the previous day’s six-week ...

Published 08 May, 2024 07:32am

Money & Banking

Dollar edges lower but up against yen

NEW YORK: The US dollar slipped on Tuesday but strengthened against the Japanese yen as expectations of large...

Published 08 May, 2024 07:31am

Money & Banking

Asian currencies subdued

BENGALURU: Most Asian equities markets continued a bullish run on Tuesday on the back of renewed bets for US rate...

Published 08 May, 2024 07:30am

Stocks

European shares close at record highs on financials boost

PARIS: European shares closed at record high levels on Tuesday, with financials stocks in the spotlight following...

Published 08 May, 2024 07:29am

Stocks

Wall Street extends gains as rate-cut hopes linger

NEW YORK: US stock indexes rose on Tuesday, extending their recent run on expectations that the Federal Reserve will...

Published 08 May, 2024 07:29am

Energy

US natgas prices hold near 14-week high

NEW YORK: US natural gas futures held near a 14-week high on Tuesday as a bullish decline in output and increase in...

Published 08 May, 2024 07:26am

Commodities

Copper heads towards two-year highs

LONDON: Copper prices pushed towards two-year highs on Tuesday as focus returned to tight supplies and hopes of...

Published 08 May, 2024 07:25am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Tuesday, (May 07, 2024)...

Published 08 May, 2024 07:22am

Letters

‘Wheat, wheat everywhere…’

BR op-ed writer Rashed Rahman deserves accolades for presenting the causes and reasons of ‘Pakistan’s Kissan...

Published 08 May, 2024 07:14am

The mirage of financial freedom

The tantalizing promise of “financial freedom” has always been a magnet for the middle class, the unskilled, and...

Published 08 May, 2024 07:12am

PHDEC hosts ‘pre-season mango’ seminar

HYDERABAD: Pakistan Horticulture Development & Export Company (PHDEC) hosted a Pre-Season Mango Seminar, ...

Updated 08 May, 2024 07:55am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 132,677 tonnes of cargo comprising 54,210 tonnes of import cargo and 78,467...

Published 08 May, 2024 07:07am

The Weather

KARACHI: The weather report on Tuesday (May 07, 2024) and the forecast for Wednesday (May 08, 2024)...