More fintech companies in the offing: Dr Reza Baqir SBP governor says licences to come in tandem with Pakistan's push to adopt digital payments and promote financial inclusion Published 22 Oct, 2021 08:23pm
Money & Banking Digital financial transactions show strong growth in Pakistan: SBP report Digital financial transactions showed strong growth in the country, revealed the State Bank of Pakistan (SBP) in its... Published 22 Oct, 2021 08:07pm
Stocks S&P 500, Dow scale new peaks; Nasdaq hit by Facebook Snap tumbles on Apple tweak, drags social media giants lower Indexes: Dow up 0.33%, S&P up 0.05%, Nasdaq down 0.39% Published 22 Oct, 2021 08:04pm
Companies Pfizer says Covid vaccine 90% effective in younger children WASHINGTON: Pfizer's Covid-19 vaccine is more than 90 percent effective in preventing symptomatic forms of the... Published 22 Oct, 2021 07:24pm
Commodities Asia Gold: Price rise dulls activity in top hubs; silver shines in Singapore Indian prices turns to $1.5 discount vs $2 premium last week Premiums in China at $7-$11 an ounce Published 22 Oct, 2021 07:16pm
Stocks KSE-100 recovers after 642-point fall in intra-day trading Ends 243 points lower to close the week at 45,578 Published 22 Oct, 2021 06:55pm
Stocks TSX flat as weakness in tech, healthcare offset commodity-linked gains Toronto Stock Exchange's S&P/TSX composite index was down 5.76 points, or 0.03%, at 21,206.63 Updated 22 Oct, 2021 07:16pm
Energy OECD nations to ban export credits for coal power PARIS: Several OECD nations including Britain, Japan and the United States have agreed to halt government-supported... Published 22 Oct, 2021 06:22pm
Commodities Copper rebounds on supply worries, weaker dollar Three-month copper on the London Metal Exchange rose 0.3% to $9,865 a tonne Published 22 Oct, 2021 06:05pm
Energy US natural gas up 4% on forecasts cooler weather will boost heating Front-month gas futures rose 20.6 cents, or 4.0%, to $5.321 per million British thermal units (mmBtu) Published 22 Oct, 2021 05:52pm
Stocks Pakistan Stock Exchange revises trading session timings The Pakistan Stock Exchange (PSX) announced on Friday revised timings of the market, which it said would take effect... Published 22 Oct, 2021 05:39pm
Commodities Gold set for second weekly gain as dollar weakens Gold up 1.4% so far this week Gold could test $1,800/oz level again: analyst Published 22 Oct, 2021 05:23pm
Stocks Sri Lankan shares close at record high for third straight session The CSE All-Share index closed 0.34% higher at 9,915.22 points and rose more than 3% for the week, its best in three Published 22 Oct, 2021 05:19pm
Commodities London cocoa prices weaken, arabica coffee climbs December arabica coffee rose 1.2% to $2.0580 per lb March London cocoa fell 0.45% to 1,764 pounds a tonne Published 22 Oct, 2021 04:46pm
Money & Banking Russia raises key rate to 7.5%, signals more hikes possible The central bank raised its 2022 average rate projection to 7.3-8.3% from 6.0-7.0% Published 22 Oct, 2021 04:39pm
Currency Depreciation woes: Pakistan's rupee closes at 174 against US dollar The downward trajectory of Pakistan's rupee continued as the currency depreciated another 0.02% to close at 174 for... Updated 22 Oct, 2021 06:32pm
Stocks Indian shares fall for 4th day on weaker metals; Reliance results in focus The blue-chip NSE Nifty 50 index closed down 0.35% at 18,114.9, while the benchmark S&P BSE Sensex fell 0.17% to 60,821.62 Published 22 Oct, 2021 04:18pm
Commodities Palm logs worst week in 2 months over India, China regulatory fears Palm falls 0.77% for the week, most since Aug. 20 Concerns over tight supply in Indonesia, Malaysia linger Dalian edible oils down more than 4% Published 22 Oct, 2021 04:04pm
Pakistan to re-negotiate bilateral investment treaties: BOI secretary Fareena Mazhar says positive initial response has been received from partners Updated 22 Oct, 2021 07:24pm
Forex Rouble hits 15-month high vs dollar before central bank rate decision MOSCOW: The Russian rouble firmed to its strongest level in 15 months on Friday as the market awaited the central... Updated 22 Oct, 2021 02:50pm
UK retail sales extend slump LONDON: UK retail sales volumes dropped for a fifth month in a row during September, official data showed Friday, as... Published 22 Oct, 2021 02:02pm
Stocks London Stock Exchange Q3 revenue up 2%, says Refinitiv savings on track London Stock Exchange Group posted a 2.1% rise in revenue in the third quarter and said it was on track to achieve... Published 22 Oct, 2021 01:54pm
Forex Sterling dips after retail sales miss forecasts LONDON: The British pound dipped slightly on Friday after weaker-than-expected retail sales numbers but remained... Published 22 Oct, 2021 01:51pm
Stocks FTSE 100 rises as miners rebound, JD Sports top gainer London's FTSE 100 gained on Friday, as mining stocks rose on easing concerns over Chinese property market, although... Published 22 Oct, 2021 01:34pm
Tokyo shares gain as Evergrande makes interest payment TOKYO: Tokyo stocks advanced Friday as investors cheered news that the troubled Chinese property giant Evergrande ... Published 22 Oct, 2021 01:29pm
Shanghai aluminium falls over 7% as coal prices drop Shanghai aluminium prices fell on Friday to their lowest in over a month as tumbling Chinese coal prices eased... Updated 22 Oct, 2021 01:26pm
Stocks Australian stocks end flat as gains in healthcare temper losses in resources Australian shares held steady after a volatile trading session on Friday, as heavy losses in mining and energy... Published 22 Oct, 2021 12:30pm
Stocks Asia tech shares jump; China property stocks rally on Evergrande payment TOKYO: Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied... Published 22 Oct, 2021 12:28pm
Forex S.Africa's rand firms in early trade as risk appetite returns JOHANNESBURG: South Africa's rand strengthened in early trade on Friday as firm commodity prices and a surprise... Published 22 Oct, 2021 12:25pm
Commodities China's soyoil hit near 10-year high, crush margins swing back to profit BEIJING/SINGAPORE: China's soybean oil prices hit a near 10-year peak this week on tight supply and robust demand,... Published 22 Oct, 2021 12:25pm
Forex China's yuan eases after regulator warn of possible actions to counter higher fluctuations SHANGHAI: China's yuan lost some strength against the dollar on Friday after the FX regulator warned of possible... Updated 22 Oct, 2021 11:31am
Energy Oil prices drop; Brent on track for first weekly dip in seven SINGAPORE: Oil prices fell on Friday with Brent on track for its first weekly dip in seven weeks as demand for oil... Published 22 Oct, 2021 11:09am
Energy China coal prices dive as govt plans intervention to ease power crunch BEIJING: China's thermal coal futures sank about 13% on Friday, extending their losses since Tuesday when Beijing... Published 22 Oct, 2021 11:05am
Stocks China, HK stocks rise after Evergrande supplies funds for interest payment SHANGHAI: China and Hong Kong stocks rose on Friday, led by property shares, as China Evergrande Group unexpectedly... Updated 22 Oct, 2021 10:43am
Samsung SDI and Stellantis in vehicle battery deal SEOUL: South Korean battery maker Samsung SDI will jointly produce electric vehicle batteries in the US with global... Updated 22 Oct, 2021 10:27am
Japan's consumer inflation turns positive as energy costs rise TOKYO: Japan's core consumer prices rose in September for the first time since the early stages of the coronavirus... Published 22 Oct, 2021 09:41am
Forex Dollar higher on upbeat US data but set for weekly losses HONG KONG: The dollar was firmer early on Friday, helped higher by upbeat economic data though was headed for its... Published 22 Oct, 2021 09:38am
Stocks Nikkei rises on Evergrande debt payment; election, corporate outlook weigh TOKYO: Japan's Nikkei rose on Friday, recouping early losses, after embattled developer China Evergrande Group made ... Published 22 Oct, 2021 09:35am
Commodities Spot gold poised to rise into $1,795-$1,798 range, sentiment cautious SINGAPORE: Spot gold is poised to break a resistance at $1,788 per ounce and rise into a range of $1,795-$1,798,... Published 22 Oct, 2021 09:35am
Stocks Tokyo stocks open lower with few fresh clues for market TOKYO: Tokyo stocks opened lower on Friday, shrugging off rallies in key US indexes with a dearth of fresh... Published 22 Oct, 2021 08:41am
Stocks Asian markets swing but Evergrande payment report provides boost HONG KONG: Markets in Asia fluctuated Friday following a record-breaking lead from Wall Street, while a report that... Published 22 Oct, 2021 08:41am
Companies EBM acknowledged as 'Best Place to Work' in Pakistan KARACHI: English Biscuit Manufacturers (EBM) has earned the top position in the 'Best Places to Work' award in the... Published 22 Oct, 2021 04:13am
Companies PTCL, Ufone recognised as ‘Best Place to Work’ KARACHI: Pakistan Telecom Company Limited (PTCL) and Ufone have been recognized at the Best Place to Work Awards ... Published 22 Oct, 2021 04:13am
Money & Banking BIP enters into deal with M3 Technologies KARACHI: BankIslami has entered into an agreement with M3 Technologies Pakistan (Pvt) Ltd, one of Asia’s premier... Published 22 Oct, 2021 04:13am
Industry Carrefour becomes 'only' modern retailer to receive 'Best taxpayer award' KARACHI: Carrefour became the only brand within modern retail sector to have received a special recognition of being... Published 22 Oct, 2021 04:13am
Taxes FBR completed FATF actions on DNFBPs ahead of deadline ISLAMABAD: FBR has completed actions on DNFBPs in the FATF action plan in just one reporting cycle and one year ... Published 22 Oct, 2021 04:13am
Money & Banking The only way is up: corporate chiefs warn on prices NEW YORK: For central bankers wrestling with the question of whether inflationary pressures are transitory, industry... Published 22 Oct, 2021 04:13am
Money & Banking Digital banking services: Telenor Microfinance Bank goes live on Temenos with NdcTech ISLAMABAD: Telenor Microfinance Bank has gone live on Temenos' modern core banking platform with NdcTech to power ... Published 22 Oct, 2021 04:13am
Industry VavaCars raises $50m to build presence in Turkey, Pakistan KARACHI: VavaCars a Turkey-based online trading platform for buying and selling used cars has raised $50 million to... Published 22 Oct, 2021 04:13am
Money & Banking Bitcoin hovers below peak, doubts linger over boost from US ETF LONDON/HONG KONG: Bitcoin hovered on Thursday below its all-time high struck a day earlier after the launch of the... Published 22 Oct, 2021 04:13am
Money & Banking Sterling falls from one-month highs as risk currencies'rally cools LONDON: Sterling dipped below one-month highs on Thursday, tracking a similar move in risk-oriented currencies as... Published 22 Oct, 2021 04:13am
Money & Banking Aussie, kiwi ride higher with rising yields SYDNEY: The Australian and New Zealand dollars advanced to new multi-month highs against the greenback on Thursday ... Published 22 Oct, 2021 04:13am
Money & Banking Aussie slips, yen gains as risk sentiment sours NEW YORK: Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese... Published 22 Oct, 2021 04:13am
Industry Value of production/total output: CMI 2015-16 up by 244.76pc over CMI 2005-06: PBS ISLAMABAD: The Production Value Census of Manufacturing Industries (PVCMI) 2015-16 shows value of production/total... Published 22 Oct, 2021 04:13am
Commodities Gold edges down as rising US bond yields weigh Gold prices edged lower in choppy trading on Thursday, pressured by rising US bond yields that countered support ... Published 22 Oct, 2021 12:16am