Commodities PMEX daily trading report KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 23.135... Published 11 Oct, 2024 07:26am
Grain Chicago wheat climbs as dryness affects crops SINGAPORE: Chicago wheat rose for a fourth consecutive session on Thursday to its highest level in one week, as... Published 11 Oct, 2024 07:24am
Commodities Coffee trading in Vietnam remains tepid on tight supply HANOI/BANDAR LAMPUNG, (Indonesia): Coffee trading activity in Vietnam remained sluggish this week, traders said on... Published 11 Oct, 2024 07:23am
Commodities Malaysian palm oil slides on profit-taking KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Thursday as profit-taking weighed on the market... Published 11 Oct, 2024 07:20am
Rates Activities of Karachi Port Trust, Port Qasim KARACHI: The Karachi Port Trust handled 141,004 tonnes of cargo comprising 62,679 tonnes of import cargo and 78,325... Published 11 Oct, 2024 07:18am
Commodities Japanese rubber futures decline SINGAPORE: Rubber futures fell on Thursday, weighed by fading enthusiasm around top consumer China’s stimulus... Published 11 Oct, 2024 07:16am
Commodities Dalian iron ore rebounds on fresh China stimulus hopes SINGAPORE: Dalian iron ore futures prices rebounded on Thursday, buoyed by hopes of more fiscal stimulus from top... Published 11 Oct, 2024 07:13am
Stocks Nikkei ends higher on Wall Street’s strength TOKYO: Japan’s Nikkei share average ended higher on Thursday, tracking a strong finish on Wall Street overnight,... Published 11 Oct, 2024 07:12am
Stocks Most Gulf bourses end subdued on regional tensions DUBAI: Most stock markets in the Gulf closed in a subdued mood on Thursday against the backdrop of simmering... Published 11 Oct, 2024 07:03am
Money & Banking China’s yuan inches higher SHANGHAI: China’s yuan inched higher against the dollar on Thursday, as the central bank’s latest move to prop ... Published 11 Oct, 2024 06:58am
Stocks Wall Street falls after inflation data NEW YORK: Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced... Published 11 Oct, 2024 06:56am
Money & Banking Dollar edges down against yen NEW YORK: The US dollar edged lower against the yen on Thursday after data showed signs of labor market weakness and... Published 11 Oct, 2024 06:52am
Iran’s oil sites: Arab states urge US to stop Israel from attacking DUBAI: Gulf states are lobbying Washington to stop Israel from attacking Iran’s oil sites because they are... Published 11 Oct, 2024 06:30am
China to work with Pakistan to protect Chinese personnel BEIJING: China said on Thursday it would work with Pakistan to protect the safety and security of Chinese personnel,... Published 11 Oct, 2024 06:30am
Zardari visits China’s embassy to offer condolence ISLAMABAD: President Asif Ali Zardari on Thursday visited the Embassy of the People’s Republic of China and ... Published 11 Oct, 2024 06:30am
ATC again extends physical remand of IK’s sisters ISLAMABAD: The Anti-Terrorism Court (ATC), on Thursday, again extended the physical remand of Pakistan... Published 11 Oct, 2024 06:30am
Gandapur hosts successful ‘grand jirga’ at CM’s House PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur, on Thursday hosted a Grand Jirga at Chief... Published 11 Oct, 2024 06:30am
World Mental Health Day: Digital fatigue linked to increased exposure to cyber risks ISLAMABAD: While observing World Mental Health Day on October 10, a global cybersecurity company Kaspersky has ... Published 11 Oct, 2024 06:30am
Customs seizes Iranian skimmed milk powder KARACHI: The Collectorate of Customs Enforcement Karachi has seized a large quantity of smuggled Iranian skimmed ... Published 11 Oct, 2024 06:30am
Heatwave likely to continue today KARACHI: Gusty winds howled through several parts of the city, bringing a brief rainy spell on Thursday evening ... Published 11 Oct, 2024 06:30am
Breast cancer patients: Bank Alfalah partners with Cancer Foundation Hospital KARACHI: Bank Alfalah has partnered with Cancer Foundation Hospital to provide life-saving treatment to women... Published 11 Oct, 2024 06:30am
Punjab to establish dumping sites at tehsil level LAHORE: Punjab Local Government Minister Zeeshan Rafiq has ordered the officials concerned to establish waste... Published 11 Oct, 2024 06:30am
Foreign policy expert says no normalisation of Pakistan-India ties without continued formal dialogue Foreign policy expert Michael Kugelman stressed that Islamabad and New Delhi would need to start and then continue a... Updated 11 Oct, 2024 01:43pm
Agriculture and Allied Maryam to launch activation of ‘Kissan Card’ on 15th LAHORE: Chief Minister Punjab Maryam Nawaz Sharif will formally launch the activation of the “Kissan Card” on... Published 11 Oct, 2024 06:30am
Honahar Scholarship programme: Punjab govt providing scholarships to 30,000 students: minister FAISALABAD: Punjab Higher Education Minister Rana Sikandar Hayat has said that the provincial government is ... Published 11 Oct, 2024 06:30am
South Asia Ratan Tata gets state funeral as India bids farewell to business tycoon NEW DELHI: India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded... Published 11 Oct, 2024 06:30am
Middle East Israeli airstrike kills 28 people sheltering in Gaza school CAIRO: An Israeli airstrike on a school sheltering displaced people in central Gaza killed at least 28 people... Published 11 Oct, 2024 06:30am
USA Obama hits campaign trail for Harris WASHINGTON: Former US president Barack Obama will bring his star power to Kamala Harris’s election campaign... Published 11 Oct, 2024 06:30am
Asia Indonesia arrests man wanted for alleged $14.1bn China fraud JAKARTA: Indonesian authorities said on Thursday they had detained a man wanted in China over allegations he helped... Published 11 Oct, 2024 06:30am
South Asia Congress party complains to election body over outcome of Haryana poll NEW DELHI: India’s main opposition Congress party has complained to the election panel about concerns regarding ... Published 11 Oct, 2024 06:30am
Presidential Reference and PTI, others’ pleas: Apex court assails majority judgement ISLAMABAD: The Supreme Court Thursday said the majority judgment on Presidential Reference and the Pakistan... Published 11 Oct, 2024 06:30am
Bilawal, Nawaz discuss proposed amendments ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari arrived at Punjab House on Thursday and met... Updated 11 Oct, 2024 08:05am
Asia Philippines confronts China over South China Sea at ASEAN meet VIENTIANE: Philippine President Ferdinand Marcos challenged Chinese Premier Li Qiang over recent clashes in the ... Published 11 Oct, 2024 06:30am
The Weather KARACHI: The weather report on Thursday (October 10, 2024) and the forecast for Friday (October 11, 2024)... Published 11 Oct, 2024 06:30am
Regional cooperation: SCO summit to play key role: Minister ISLAMABAD: Federal Minister for Information, Broadcasting, National Heritage and Culture Attaullah Tarar emphasised... Published 11 Oct, 2024 06:30am
Constitutional package: Coalition leaders meets with JUI-F chief ISLAMABAD: Ditched by no one but his own “trusted aides” after February 2024 general elections, the chief of... Published 11 Oct, 2024 06:30am
Rates Bears emerge winners KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on... Published 11 Oct, 2024 06:30am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (October 10, 2024)... Published 11 Oct, 2024 06:30am
Cotton & Textile Firm trend on cotton market LAHORE: The local cotton market on Thursday remained steady and the trading volume remained satisfactory. Cotton... Published 11 Oct, 2024 06:30am
Commodities Gold prices extends gains NEW YORK: Gold prices extended gains on Thursday after traders added to bets that the Federal Reserve will deliver ... Published 11 Oct, 2024 06:30am
SCO Summit: FO advises diplomats to limit movement ISLAMABAD, Oct 10: The Foreign Office advised all the diplomats on Thursday to limit their movement during the... Published 11 Oct, 2024 06:30am
32 poliovirus cases reported in country ISLAMABAD: A forum, Thursday, was informed that out of 32 poliovirus cases reported in the country, over 78 percent... Published 11 Oct, 2024 06:30am
PARTLY FACETIOUS: ‘Let’s plead with the Powers That Be: give talks a chance…’ “Two press conferences, and there was many a similarity.” “Well you know the life-long party heads brook no... Published 11 Oct, 2024 06:30am
True riba-free Islamic banking The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities... Updated 11 Oct, 2024 08:20am
From ‘Doing Business’ report to ‘B-Ready’ report: some reflections In a statement released on September 16, 2021, World Bank Group (WBG) indicated discontinuation of its ‘Doing... Updated 11 Oct, 2024 06:40pm
Letters Israel’s ultimate target – Iran On the fateful day of October 7, 2023, Hamas launched an attack on Israel, killing many of its soldiers and ... Published 11 Oct, 2024 06:30am
Commodities Gold prices on decline KARACHI: The local gold prices further declined on Thursday with global bullion value inching close to $2600 per... Published 11 Oct, 2024 06:30am
Lifeline of Balochistan Balochistan’s economy in general and that of the bordering towns in particular is highly dependent on cross-border... Updated 11 Oct, 2024 08:26am
Need for strengthening API sector The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and... Updated 11 Oct, 2024 08:28am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 11 Oct, 2024 06:30am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 11 Oct, 2024 06:30am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Thursday (October 10, 2024). ========================== KIBOR... Published 11 Oct, 2024 06:30am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 11 Oct, 2024 06:30am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Thursday (October 10, 2024). ======================== Open Bid... Published 11 Oct, 2024 06:30am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (October 10, 2024).... Published 11 Oct, 2024 06:30am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 10, 2024).... Published 11 Oct, 2024 06:30am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 10, 2024)... Published 11 Oct, 2024 06:30am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Thursday (October 10, 2024). ======================================= Offset... Published 11 Oct, 2024 06:30am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 10, 2024). ==================================== BR... Published 11 Oct, 2024 06:30am
Pak-Saudi business forum 2024: Minister gives overview of investment opportunities ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik addressing the Pak-Saudi business forum 2024 gave an... Published 11 Oct, 2024 06:30am
CAEDA wants to establish ‘Pakistan Zero-Tariff Trade Zone’ ISLAMABAD: The China Asia Economic Development Association (CAEDA) wants to establish "Pakistan Zero-Tariff Trade... Published 11 Oct, 2024 06:30am
IMF official supports reforms in public sector Says Pakistan has managed to revive economic and financial stability over the past fiscal year Updated 11 Oct, 2024 02:27pm
Awais praises army chief’s supportive role ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari, on Thursday expressed gratitude to Army Chief... Updated 11 Oct, 2024 02:24pm
Govt ends deals with five private IPPs KARACHI: Government has ended power purchase contracts with five private companies, including one with the country’s... Updated 11 Oct, 2024 09:12am
Accelerated expiry: Hubco initiates negotiated settlement pact KARACHI: Hub Power Company (Hubco), in the greater national interest, has initiated a negotiated settlement... Updated 11 Oct, 2024 02:24pm
Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units... Updated 11 Oct, 2024 09:17am
Saudi team meets army chief ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir, on Thursday, assured a visiting Saudi delegation of... Updated 11 Oct, 2024 09:15am
Pakistan, Saudi Arabia sign MoUs worth $2.2bn ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed 27 Memorandum of Understandings (MoUs) valuing US $2.2... Updated 11 Oct, 2024 09:14am
Pakistan, KSA vow to enhance cooperation in multiple sectors ISLAMABAD: Pakistan and Saudi Arabia vowed to enhance cooperation in economic activates, trade, agriculture, mining... Updated 11 Oct, 2024 08:52am
Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,... Updated 11 Oct, 2024 09:13am
Forex reserves hit 2-year high of $16bn KARACHI: Pakistan’s liquid foreign exchange reserves rose significantly, surpassing the $16 billion mark for the... Updated 11 Oct, 2024 09:19am
Industry Pakistan’s pharma sector warns 2pc Cess in KP threatens exports to Afghanistan KARACHI: The recent imposition of 2% cess on exports by the Khyber Pakhtunkhwa (KP) government is raising alarm... Published 11 Oct, 2024 06:30am
World Bank delegation, CM thoroughly examine $3.1bn Sindh portfolio KARACHI: Sindh Chief Minister Syed Murad Ali Shah met with a World Bank delegation, headed by Country Director Najy... Published 11 Oct, 2024 06:30am
High energy prices hitting the poor hardest: World Bank ISLAMABAD: The World Bank has revealed that high energy prices in Pakistan disproportionately impact the poor, as... Published 11 Oct, 2024 06:30am
Commodities Rice prices drop in top hubs as supply surges after Indian export relaxations BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Rice prices across major Asian hubs declined to their lowest in more... Published 11 Oct, 2024 06:30am
KSA investment minister, 130 investors attend business conference ISLAMABAD: Under the leadership of Saudi Arabia’s Investment Minister Sheikh Khalid Bin Abdul Aziz Al Faleh, 130... Published 11 Oct, 2024 06:30am
MENA Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most... Updated 11 Oct, 2024 07:44am
Chinese PM’s visit to help brighten country’s economic prospects: LCCI LAHORE: The Lahore Chamber of Commerce and Industry has expressed the optimism that the Chinese Prime Minister’s... Published 11 Oct, 2024 06:30am
Han Kang wins South Korea’s first literature Nobel STOCKHOLM: Author Han Kang on Thursday became the first South Korean to win the Nobel Prize in Literature for her... Published 11 Oct, 2024 06:30am
Russia calls on BRICS partners to create alternative to IMF MOSCOW: Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the... Published 11 Oct, 2024 06:30am
Establishing fiscal discipline EDITORIAL: In a landmark move, the federal and four provincial governments have agreed on a National Fiscal Pact... Published 11 Oct, 2024 06:30am
Major setback for BJP in IIOJ&K EDITORIAL: The just concluded elections in the illegally Indian Occupied Jammu and Kashmir (IIOJ&K) have turned... Updated 11 Oct, 2024 08:10am
Over 7 times the value: Importer accused of selling gears to defence facility KARACHI: A Karachi-based importer allegedly sold imported mechanical equipment to one of the defense manufacturing... Published 11 Oct, 2024 06:30am
Insurance companies: SECP proposes increase in minimum paid-up capital requirement ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed to increase the minimum paid-up... Published 11 Oct, 2024 06:30am
Immovable properties: FBR may issue enhanced values today ISLAMABAD: The Federal Board of Revenue (FBR) will considerably increase values of immovable properties up to 75... Published 11 Oct, 2024 06:30am
RDA fetches $8.75bn gross inflows till Sept KARACHI: Gross inflows of Roshan Digital Accounts reached $8.75 billion at the end of September 2024 since its... Published 11 Oct, 2024 06:30am
Agritech Ltd: NBP approves sale of entire shareholding KARACHI: The National Bank of Pakistan (NBP) has approved the sale of its entire shareholding in Agritech Limited,... Published 11 Oct, 2024 06:30am
Companies Waqar Siddiqui decides to resign from position as Shell Pakistan CEO KARACHI: Waqar I Siddiqui, the Chief Executive Officer of Shell Pakistan Limited has announced his intention to step... Published 11 Oct, 2024 06:30am
Industry Faisal Ahmad elected PSMA (Centre) chairman LAHORE: Pakistan Sugar Mills Association (Central) on Thursday elected Faisal Ahmed Mukhtar as its chairman for the... Published 11 Oct, 2024 06:30am
Companies Unilever exits Russia with sale of all assets to local company LONDON: Unilever has sold its Russian business to Arnest Group, it said on Thursday, becoming the latest... Published 11 Oct, 2024 06:30am
Money & Banking Most Asian currencies subdued BENGALURU: Most Asian stock markets rose on Thursday, buoyed by hopes that China will soon disclose details of its... Updated 11 Oct, 2024 06:56am
European stocks end lower after US inflation data PAARIS: European shares closed lower on Thursday, with defence and industrial stocks leading losses, after data... Updated 11 Oct, 2024 06:57am
Stocks China, HK stocks close higher after PBOC begins swap programme SHANGHAI: China and Hong Kong shares ended higher on Thursday after the People’s Bank of China kicked off a swap... Updated 11 Oct, 2024 06:58am
Energy US natural gas prices lower NEW YORK: US natural gas futures fell about 2% to a two-week low on Thursday on forecasts for lower demand next week... Updated 11 Oct, 2024 07:15am
Commodities Copper extends losses on firm dollar, China worries LONDON: Copper prices dipped on Thursday, weighed down by a strong dollar and uncertainty over how much more ... Updated 11 Oct, 2024 07:17am