SBP-held forex reserves decrease $691 million due to external debt repayment Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased $691 million on a weekly basis, ... Published 25 Nov, 2021 09:53pm
Stocks Tech reboots shares, dollar takes Thanksgiving breather LONDON: A tech shares bounce carried European equities higher on Thursday, following similar gains on Wall Street... Published 25 Nov, 2021 08:04pm
Companies Haier washing machines offer cleaning solutions Haier Washing machines are your solutions to a hassle-free washing experience and it comes with a sleek and stylish... Published 25 Nov, 2021 07:03pm
Stocks KSE-100 down 428 points, cumulative fall this week goes to 5.5% Index has retreated for four successive sessions after decrease on Thursday Published 25 Nov, 2021 06:38pm
Forex Dollar slips from 16-month highs, Swedish crown picks up LONDON: The dollar slipped overnight but was still close to its highest since July 2020 against the euro on Thursday... Updated 25 Nov, 2021 06:08pm
India's Reliance, Saudi Aramco call off $15bn deal amid valuation differences, sources say NEW DELHI/DUBAI: Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake... Updated 25 Nov, 2021 06:17pm
China's October net gold imports via Hong Kong hit 3-year high China's net gold imports via Hong Kong jumped 56% in October from the previous month to the highest since June 2018,... Published 25 Nov, 2021 04:58pm
Commodities Gold steadies but Fed's hawkish stance limits advance Gold prices edged up on Thursday buoyed by persistent inflation concerns, with further gains in bullion clipped by... Published 25 Nov, 2021 04:56pm
Forex Pakistan's rupee registers minor gain against US dollar Pakistan's rupee saw a marginal gain against the US dollar on Thursday, appreciating to close below the 175 level in... Updated 25 Nov, 2021 09:11pm
Energy Oil steady, focus on OPEC+ response to US-led oil release LONDON: Oil prices steadied on Thursday, as investors eyed how major producers respond to the US-led emergency oil... Updated 25 Nov, 2021 04:58pm
Forex South African rand flat as US dollar strengthens on hawkish Fed JOHANNESBURG: South Africa's rand was flat on Thursday, as the dollar traded near a 16-month high after investors ... Published 25 Nov, 2021 02:32pm
Stocks South Korean stocks end near one-week low on hawkish Fed, BOK rate hike The Korean won ended down and the benchmark bond yield also fell Published 25 Nov, 2021 02:31pm
Companies E-commerce platform aCart.pk looks to start same-day delivery Company intends to expand from Lahore to other cities in bid to cater to growing demand Updated 25 Nov, 2021 03:14pm
Energy minister urges PPDA to call off strike, warns illegitimate demands will not be accepted Pakistan Petroleum Dealers Association is protesting against 'low profit margins' Updated 25 Nov, 2021 03:09pm
Forex Russian rouble pares losses while stocks advance MOSCOW: The Russian rouble pared losses on Thursday while stock indexes extended their recovery after falling ... Updated 25 Nov, 2021 02:31pm
Companies Cathay Pacific to cut flights as Hong Kong covid rules bite HONG KONG: Cathay Pacific on Thursday said it will slash passenger flights into Hong Kong next month as the city's... Published 25 Nov, 2021 12:40pm
Stocks Tokyo shares close higher TOKYO: Tokyo shares closed higher Thursday after solid US indicators boosted Wall Street shares with a rising dollar... Published 25 Nov, 2021 12:20pm
Amid strike-call, PSO and Shell say these petrol stations are still operating Release list of locations functioning as petroleum dealers announce nationwide strike Published 25 Nov, 2021 12:18pm
Real Estate China's Kaisa seeks to extend maturity on $400 mln offshore bond, shares surge HONG KONG: China's Kaisa Group Holdings Ltd said on Thursday it wants to extend the maturity of a $400 million bond... Published 25 Nov, 2021 11:44am
Financial Japan govt to unveil extra budget with $312bn spending to tackle COVID-19 TOKYO: Japan's government will unveil on Friday its first extra budget for this fiscal year ending March to ease the... Published 25 Nov, 2021 11:42am
Stocks Asian stocks fall on dollar strength, Bank of Korea hikes rates Asian emerging market shares were broadly weaker on Thursday, hurt by the dollar's strength, as a hawkish tilt by... Published 25 Nov, 2021 11:39am
Mutual Funds Japan's 10-year bond yields flat amid solid 40-year note auction TOKYO: Yields on Japan's 10-year government bonds (JGBs) were flat on Thursday, while yields on longer-ends notes... Published 25 Nov, 2021 11:38am
Stocks China stocks fall as property, automobiles weigh; Hong Kong gains SHANGHAI: China stocks fell on Thursday, as property developers, automobiles and new energy shares weighed. Hong ... Published 25 Nov, 2021 11:35am
Forex China's yuan firms, market expects Beijing to rein in strength SHANGHAI: China's yuan strengthened against the dollar on Thursday, underpinned by continued year-end corporate... Published 25 Nov, 2021 11:34am
Commodities NY coffee may retest $2.4895; bullish flag confirmed SINGAPORE: New York March coffee may retest a resistance at $2.4895 per lb, a break above could lead to a gain to... Published 25 Nov, 2021 11:16am
Energy Asia's crude oil imports to rebound in November amid SPR uncertainty: Russell LAUNCESTON: Asia's imports of crude oil are likely to have rebounded in November to the highest this year amid... Published 25 Nov, 2021 11:11am
Stocks Australia shares close up on miners boost; banks cap gains Australian shares reversed early losses to end marginally higher on Thursday, helped by gains in miners due to ... Published 25 Nov, 2021 10:58am
Energy UAE is fully committed to OPEC+ agreement, has no ‘prior stance’ DUBAI: The United Arab Emirates is fully committed to the OPEC+ agreement and has no "prior stance" ahead of an... Published 25 Nov, 2021 10:41am
Stocks Tokyo shares open higher on strong US data TOKYO: Tokyo's key Nikkei index opened higher Thursday after solid US indicators boosted Wall Street shares, with a... Published 25 Nov, 2021 10:29am
Stocks Hong Kong stocks down at open HONG KONG: Hong Kong stocks fell at the open of trade Thursday morning as minutes from the Federal Reserve's most... Published 25 Nov, 2021 10:25am
Stocks Most Asian markets drop as data points to faster Fed taper HONG KONG: Equity markets in Asia mostly fell Thursday as a batch of strong economic data spurred expectations that... Published 25 Nov, 2021 10:12am
Stocks Japanese shares rebound from sharp losses, tech shares lead gains TOKYO: Japanese shares rose on Thursday, with technology shares leading gains, as investors scouted for bargains... Published 25 Nov, 2021 09:58am
Forex Australia, NZ dollars left reeling as longs get liquidated SYDNEY: The Australian and New Zealand dollars were looking bruised on Thursday after a mass liquidation of long ... Published 25 Nov, 2021 09:55am
Forex Dollar reigns as hawkish Fed stands out among central banks TOKYO: The US dollar traded at its highest in over a year to the euro and near a five-year high against the yen as a... Published 25 Nov, 2021 09:53am
Commodities London copper steady on upbeat US data, but firmer dollar weighs London copper was steady on Thursday, supported by strong US economic data and concerns over tight global supply,... Published 25 Nov, 2021 09:49am
Forex Turkish lira rebounds after hitting record lows ISTANBUL: Turkey's lira continued its recovery on Thursday after a historic slide to record lows this week triggered... Published 25 Nov, 2021 09:47am
Stocks Indian shares little changed as banks counter gains in energy, tech BENGALURU: Indian shares were subdued in volatile trading on Thursday, as technology and energy sectors offset ... Published 25 Nov, 2021 09:46am
Energy China CNOOC's deepwater gas field hits daily peak output SINGAPORE: Chinese oil and gas major CNOOC Ltd's first wholly-owned deepwater natural gas field "Shenhai No.1" was... Published 25 Nov, 2021 09:45am
Energy Oil slips, awaiting OPEC+ response to US-led crude release MELBOURNE/SINGAPORE: Oil prices were little changed on Thursday with investors waiting to see how major producers... Published 25 Nov, 2021 09:43am
Commodities Dalian iron ore soars to 3-week peak on China demand optimism Iron ore stretched a rally into a fifth straight session on Thursday, with the benchmark Dalian contract scaling a... Published 25 Nov, 2021 09:42am
Financial South Korea raises interest rates as inflation, household risks grow SEOUL: South Korea's central bank raised interest rates for the second time since the pandemic began and revised up... Published 25 Nov, 2021 09:40am
Stocks Australia shares flat as gains in miners cushion subdued financials Australian shares were largely unchanged on Thursday, as gains in local miners on rising iron ore prices were offset... Published 25 Nov, 2021 09:37am
Stocks Australia shares to open flat, NZ rises Australian shares are set to open flat on Thursday as investors are likely to remain on the sidelines after a mixed... Published 25 Nov, 2021 09:34am
Bullion Rate Spot gold may extend bounce towards $1,803-$1,817 range SINGAPORE: Spot gold may extend its bounce towards a range of $1,803-$1,817 per ounce, following its stabilisation... Published 25 Nov, 2021 09:32am
Bullion Rate Gold edges higher as dollar eases; hawkish Fed limits gains Gold prices edged up on Thursday as the dollar eased slightly, but comments from US Federal Reserve policymakers... Published 25 Nov, 2021 09:31am
Taxes Tier-1 retailers: Prize scheme draw for customers likely next month ISLAMABAD: The computerised draw for the prizes of customers of integrated Tier-1 retailers is expected to be held ... Published 25 Nov, 2021 03:53am
Taxes FBR overburdens LTOs by clubbing medium and large manufacturers together LAHORE: The Federal Board of Revenue (FBR) has overburdened Large Taxpayer Offices (LTOs) by combining medium size... Updated 25 Nov, 2021 08:04pm
Companies MCM set to become first vehicle exporter of Pakistan KARACHI: Master Changan Motors (MCM) has taken a leap to become the first auto assembler to export vehicles from... Published 25 Nov, 2021 03:53am
Industry Sugar, sugarcane: FPCCI underscores need for inter-provincial trade KARACHI: Mian Nasser Hyatt Maggo, President FPCCI, Wednesday proposed that inter-provincial trade and transportation... Published 25 Nov, 2021 03:53am
‘Digital tech can unlock Rs9.7trn annual economic value by 2030’ KARACHI: Digital transformation can help Pakistan unlock up to Rs.9.7 trillion (59.7 Billion USD) in annual economic... Updated 25 Nov, 2021 08:07pm
Companies InnoCSR partners with two major brick makers in Nepal KARACHI: InnoCSR, a South Korean social impact company, announced that it has signed a new agreement with two major... Published 25 Nov, 2021 03:53am
Companies Samsung to build $17bn chip plant in Texas SAN FRANCISCO: Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that... Published 25 Nov, 2021 03:53am
Companies Major Toshiba shareholder objects to break-up, urges board to solicit offers TOKYO: Toshiba Corp’s second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to... Published 25 Nov, 2021 03:53am
Industry Non-food articles’ registration with PSQCA: Steel sector concerned at increase in marking fees ISLAMABAD: The documented steel sector has expressed serious concern over a substantial increase in the marking fees... Published 25 Nov, 2021 03:53am
Money & Banking New Zealand dollar slips, bonds rally as RBNZ hikes cautiously SYDNEY: The New Zealand dollar slipped on Wednesday and bond markets rallied after the country’s central bank ... Published 25 Nov, 2021 03:53am
Money & Banking Turkish lira rebounds from record low despite policy worries ISTANBUL: Turkey’s lira recovered as much as 7% on Wednesday from a historic slide to record lows a day earlier... Published 25 Nov, 2021 03:53am
Money & Banking Sterling hits fresh 2021 low versus dollar LONDON: The British pound hit a fresh 11-month low against the dollar on Wednesday as expectations for a rate hike... Published 25 Nov, 2021 03:53am
Money & Banking Dollar jumps on hawkish Fed, strong consumer spending data NEW YORK: The dollar hit fresh 16-month highs against the euro on Wednesday as investors priced for the prospect ... Published 25 Nov, 2021 03:53am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?