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Looking after the needs

Needs come first followed by import substitution and then exports to earn foreign exchange. The basics like food,...

Published 15 Sep, 2024 02:46am

Markets

BHP, Rio Tinto, Qantas to invest $53mn in Australian carbon credit fund

SYDNEY: BHP, Rio Tinto and Qantas will invest a total of A$80 million ($52.7 million) as early-stage investors in an...

Published 12 Aug, 2024 10:16am

Business & Finance

BHP walks away from $49bn pursuit of rival Anglo

LONDON/JOHANNES-BURG/MELBOURNE: Mining group BHP Group on Wednesday walked away from its $49 billion plan to ...

Published 03 Jun, 2024 06:30am

Business & Finance

BHP will not relent on structure, value of $49bn Anglo offer, say sources

PERTH/HONG KONG: BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American,...

Published 23 May, 2024 10:47am

Business & Finance

Anglo American rejects BHP’s improved takeover bid

LONDON: Australian mining giant BHP revealed Monday that British rival Anglo American has rejected an “improved”...

Published 14 May, 2024 05:18am

Business & Finance

Profits, revenues sink at Australia mining giant BHP

SYDNEY: Australian mining giant BHP on Tuesday recorded a major slump in annual profits, which dropped almost 40...

Published 22 Aug, 2023 12:12pm

Business & Finance

BHP eyes rising demand in China as profit declines

MELBOURNE: Global miner BHP Group reported a steeper-than-expected 32% fall in first-half profit owing to a drop in...

Published 27 Feb, 2023 07:44am

Business & Finance

BHP to face £10bn damages trial in UK over Brazil dam collapse

LONDON: Global mining firm BHP must stand trial in the UK to face an estimated £10 billion ($12 billion) damages...

Published 26 Dec, 2022 05:48am

Markets

Australia shares end choppy session lower ahead of U.S. Fed meet outcome

Australian shares closed lower in volatile trading on Wednesday as gains in the heavyweight financial segment failed...

Published 04 May, 2022 12:00pm

Markets

Gains in financials, BHP lift Australia stocks

SYDNEY: Australian shares rose on Wednesday, lifted by financial and mining stocks, while global miner BHP touched a...

Published 21 Oct, 2021 04:38am

Markets

Australia shares rise as upbeat earnings counter BHP slide

The S&P/ASX 200 inched 0.1% higher to 7,522.7 points by 0100 GMT. The benchmark closed 0.9% lower on Tuesday

Published 18 Aug, 2021 10:25am

Markets

BHP to merge oil and gas assets with Australia’s Woodside

MELBOURNE: Mining giant BHP annoced Tuesday it will merge its oil and gas assets with Australia’s Woodside, in a...

Published 18 Aug, 2021 04:00am

Business & Finance

Tesla mints nickel deal with Aussie mining giant

Most nickel today is used in the production of stainless steel

Published 22 Jul, 2021 11:02am

Markets

FTSE post worst session in nearly 3-weeks

LONDON: London’s FTSE 100 marked its worst session in nearly three weeks on Tuesday, dragged down by...

Published 07 Jul, 2021 04:28am

Markets

FTSE 100 lifted by miners, travel stocks; earnings shine

Intermediate Capital hits record high on jump in annual AUM.
Aviva advances as activist investor Cevian takes 5% stake.
FTSE 100 up 0.3%, FTSE 250 off -0.1%.

Published 08 Jun, 2021 09:09pm

Markets

Australian shares fall as miners drag, but eye third weekly gain

Banking stocks also rose 0.6% with the "big four" lenders trading higher.

Published 04 Jun, 2021 10:33am

Markets

Shanghai copper set for monthly gain on US spending plans, Chile strike

Trading, however, was tepid as the London Metal Exchange was closed for a public holiday.

Published 31 May, 2021 11:12am

Markets

BHP delivers first iron ore from $3.6bn South Flank project

MELBOURNE: BHP Group has produced its first iron ore at its $3.6 billion South Flank operations in the central...

Published 21 May, 2021 05:04am

Markets

London copper edges up on Chilean supply worries

"Supply side issues may be back in focus" after the rejection of a final wage offer, ANZ said in a note.

Published 17 May, 2021 03:11pm

Markets

Australia shares jump 1% on financials, mining boost

Bucking the trend, gold stocks dipped alongside weak bullion prices, with heavyweight Newcrest Mining losing nearly 1%.

Published 31 Mar, 2021 11:29am

Markets

UK shares turn negative as banks, miners drag

The domestically focused mid-cap FTSE 250 index slipped 0.1%, dragged down by industrials stocks.

Published 29 Mar, 2021 02:25pm

Markets

London’s FTSE 100 flat

LONDON: London’s FTSE 100 was flat on Thursday as weakness in mining and energy stocks countered gains in ...

Published 26 Mar, 2021 05:22am

Business & Finance

Vast Brazil lawsuit in UK against BHP over 2015 dam failure hits buffers

Court of Appeal refuses permission to appeal.
"Sad day for English justice system"-claimant lawyer.
Dam collapse caused Brazil's worst environmental disaster.
BHP committed to "doing the right thing" for victims.

Published 24 Mar, 2021 06:57pm

Markets

Miners, energy stocks lift UK shares as lockdown begins to ease

The domestically focused mid-cap FTSE 250 index rose 0.6%, led by consumer discretionary stocks.

Published 08 Mar, 2021 02:39pm

Markets

Australian shares skid as concerns over bond yields persist

Oil Search rose 4.51% and Woodside Petroleum gained 3.9%.

Published 05 Mar, 2021 10:17am

Markets

FTSE 100 falls as high yields, inflation worries return to fore

The domestically focused mid-cap FTSE 250 index fell 0.5%.

Published 04 Mar, 2021 02:05pm

Markets

Australian shares track Wall Street lower on weak US jobs data

In New Zealand, the benchmark S&P/NZX 50 index skidded 0.8% to 12,258.7.

Published 04 Mar, 2021 10:01am

Markets

Australia shares slip as gold miners weigh, BHP hits record high

Financial stocks were flat, even as Westpac shares jumped the most in three months after a rebound in first-quarter profit.

Published 17 Feb, 2021 12:33pm

Markets

Australian shares at one-year high

SYDNEY/WELLINGTON: Australian shares ended Tuesday’s session at a one-year high, driven by strong half-yearly...

Published 17 Feb, 2021 04:24am

Markets

Australia shares gain as RBA expands quantitative easing

The heavyweight financial index rose 1.7% with all of the so-called "Big Four" banks closing in the black.

Published 02 Feb, 2021 11:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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