Stocks European, US stocks up despite China Covid fears LONDON: European and US stocks rose and oil prices recovered from heavy losses on Tuesday despite fresh concern that... Published 22 Nov, 2022 10:27pm
Stocks Toronto stocks rise to 3-month highs on stronger commodity prices Canada’s main stock index rose to three-month highs on Tuesday as material shares advanced on a pullback in dollar... Published 22 Nov, 2022 10:21pm
Stocks US stocks mostly rise after mixed retailer earnings NEW YORK: Wall Street stocks mostly rose early Tuesday following mixed earnings from retailers before the holiday... Published 22 Nov, 2022 09:09pm
Companies Zoom shares down 90% from peak as pandemic boom fades Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the... Published 22 Nov, 2022 08:41pm
Stocks Saudi bourse gains as oil prices rise, Qatar extends losses Stock markets in the Gulf ended mixed on Tuesday with the Saudi index snapping a three-session losing streak as oil... Published 22 Nov, 2022 07:18pm
Stocks KSE-100 rises 0.39% owing to revival of sentiment Market traded in green all day long Published 22 Nov, 2022 06:53pm
Financial UK sells 1.5bn pounds of 50-year inflation-linked debt LONDON: Britain sold 1.5 billion pounds ($1.78 billion) of a 50-year index-linked bond on Tuesday, after receiving... Published 22 Nov, 2022 06:47pm
Middle East Dubai Islamic Bank sells $750mn in debut sustainable sukuk DUBAI: Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document... Published 22 Nov, 2022 06:43pm
Middle East Saudi Arabia says it is close to making $5bn deposit with Turkey A Turkish official with knowledge of the matter says discussions are at the final stage with Saudi Arabia over a swap or deposit agreement Updated 22 Nov, 2022 09:19pm
Forex Nomura warns seven emerging economies including Pakistan face currency crisis danger LONDON: Nomura has warned that seven countries – Egypt, Romania, Sri Lanka, Turkey, Czech Republic, Pakistan and... Published 22 Nov, 2022 06:12pm
Money & Banking Monetary Policy Committee to meet on November 25, says SBP SBP will issue the Monetary Policy Statement through a press release on the same day Published 22 Nov, 2022 05:37pm
Europe to be hit hardest in global slowdown: OECD PARIS: The global economy should avoid a recession next year but the worst energy crisis since the 1970s will... Published 22 Nov, 2022 05:28pm
Commodities Copper rebounds on weaker dollar; China COVID outbreaks cap gains LONDON: Copper bounced on Tuesday after four sessions of losses as the dollar weakened, but rising COVID-19 cases in... Published 22 Nov, 2022 04:54pm
Commodities Palm rises on stronger rival oils, crude JAKARTA: Malaysian palm oil futures surged on Tuesday, extending a rebound from more than a one-month low, as... Published 22 Nov, 2022 04:51pm
Stocks Sri Lankan shares snap 6-day run of losses as industrials gain Sri Lankan shares snapped six straight sessions of losses on Thursday, lifted by gains in the industrial and energy... Published 22 Nov, 2022 04:47pm
Stocks Indian shares snap 3-day slide as IT, metals rise; Fed minutes eyed BENGALURU: India’s stock benchmarks snapped a three-day losing streak on Tuesday, helped by a rise in information... Published 22 Nov, 2022 04:43pm
Companies Penguin Random House scraps $2.2bn deal to merge with Simon & Schuster WASHINGTON: Penguin Random House, the world's largest book publisher, and smaller U.S. rival Simon & Schuster... Updated 22 Nov, 2022 04:50pm
Global growth to slow amid ‘persistent’ high inflation: OECD PARIS: World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation,... Published 22 Nov, 2022 03:21pm
Companies Disney seeks old magic in return of ex-CEO PARIS: In a dramatic twist worthy of a 'Star Wars' spin-off, Disney ditched CEO Bob Chapek and brought back Bob ... Published 22 Nov, 2022 02:58pm
Cotton & Textile ‘Extreme liquidity crunch’ engulfs textile sector, says APTMA All Pakistan Textile Mills Association (APTMA), the country's largest industrial association, has said that an... Published 22 Nov, 2022 12:48pm
Money & Banking China’s key money rate hits near 2-year low, but softening seen fleeting SHANGHAI: Liquidity conditions in China’s interbank money markets eased further on Tuesday, as cash supply far... Published 22 Nov, 2022 11:36am
Forex Rupee ends losing streak, gains 0.11% against US dollar Currency had been on a depreciation run for seven sessions before Tuesday Updated 22 Nov, 2022 09:04pm
Companies Musk says Twitter to hold off relaunching blue check verification Twitter's new owner Elon Musk said on Monday that the social media company is holding off the relaunch of its blue... Updated 22 Nov, 2022 10:54am
Amicus curiae tells SC how Reko Diq settlement benefits country ISLAMABAD: The Supreme Court was apprised that successful Reko Diq settlement will restore Pakistan’s ... Published 22 Nov, 2022 03:23am
Industry SEZA chairman calls for regional connectivity to enhance trade LAHORE: Chairman Special Economic Zones Authority (SEZA) Govt of Punjab and former President of Pakistan China Joint... Published 22 Nov, 2022 03:23am
Taxes Trainee FBR officers get paltry mess allowance LAHORE: The under-training Federal Board of Revenue (FBR) officers are getting less than one and a half dollars per... Published 22 Nov, 2022 03:23am
Industry Severe liquidity crunch adversely affecting textile exports: PRGMEA LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has said that the severe... Published 22 Nov, 2022 03:23am
ABAD decries cartel in cement sector KARACHI: Association of Builders and Developers of Pakistan (ABAD) has demanded the government to take stern action... Published 22 Nov, 2022 03:23am
Huge potential exists for enhancing bilateral trade: German diplomat KARACHI: The German Consul General in Karachi Rudiger Lotz has said that there is huge potential to increase... Published 22 Nov, 2022 03:23am
ITeS export remittances increase by 2.89pc in four months ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre... Published 22 Nov, 2022 03:23am
Scrapping export tax helps compete globally, says India’s JSW Steel NEW DELHI: India’s removal of export duty on steel intermediates “immensely helps” domestic companies compete... Published 22 Nov, 2022 03:23am
Lower imports: Jul-Oct CAD plummets 47pc YoY KARACHI: The country’s current account deficit fell sharply by 47 percent during the first four months of this... Published 22 Nov, 2022 03:23am
Taxes Audit exemption: FBR to notify delegation of powers to IR commissioners ISLAMABAD: The Federal Board of Revenue (FBR) will issue a notification for the delegation of powers to the... Published 22 Nov, 2022 03:23am
Taxes PSW launches dedicated helpline for women entrepreneurs ISLAMABAD: Pakistan Single Window (PSW) has launched a dedicated women’s helpline (021-111-111-779) to provide... Published 22 Nov, 2022 03:23am
Stock position: Sugar industry asked to provide verified data ISLAMABAD: The government has asked the sugar industry to provide verified and authentic data on sugar stocks in the... Published 22 Nov, 2022 03:23am
Taxes Officers who access IT returns can be identified easily: FBR can check all its past logs ISLAMABAD: The Federal Board of Revenue (FBR) is equipped with a system to check past logs for identifying all tax... Published 22 Nov, 2022 03:23am
Companies High FFO stock: ARL on verge of closure ISLAMABAD: Attock Refinery Limited (ARL) is likely to stop operations within the next 7-8 days due to higher stocks... Updated 22 Nov, 2022 11:21am
Industry Business leaders felicitate minister on becoming PGA chief KARACHI: The business community paid rich tribute to Federal Minister for Commerce Syed Naveed Qamar on being ... Published 22 Nov, 2022 03:23am
Industry Motiwala links declining exports to gas shortage KARACHI: Chairman Businessmen Group (BMG) & former President Karachi Chamber of Commerce & Industry (KCCI)... Published 22 Nov, 2022 03:23am
Companies Meezan Bank, PMRC ink accord KARACHI: Meezan Bank and Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity Facility set up by the... Published 22 Nov, 2022 03:23am
Industry Pak traders invited to visit Kenya KARACHI: High Commissioner of Kenya Marry Nyambura Kamau has invited a delegation from Pakistan to visit Kenya to... Published 22 Nov, 2022 03:23am
Industry SECL (Thar Block-1): EPTL voices concern over delay in transmission line construction ISLAMABAD: Ms/Engro Powergen Thar Limited (EPTL) has expressed its concern over the delay in construction of... Published 22 Nov, 2022 03:23am
Money & Banking SBP, Punjab finance department sign MoU to launch Raast on e-Pay Punjab LAHORE: The State Bank of Pakistan (SBP) and the Punjab Finance Department on Monday signed memorandum of... Published 22 Nov, 2022 03:23am
Money & Banking Covid in China sets sterling for biggest daily fall in two weeks LONDON: Sterling slipped against a strengthening US dollar on Monday as global risk sentiment was dented by rising... Published 22 Nov, 2022 03:23am
Money & Banking China’s yuan touches 10-day low SHANGHAI: China’s yuan eased to a 10-day low against the dollar on Monday, as worsening COVID-19 infection numbers... Published 22 Nov, 2022 03:23am
Money & Banking Dollar rebounds as China Covid worries spook markets NEW YORK: The US dollar advanced against most major currencies on Monday, recouping recent losses, as fresh COVID-19... Published 22 Nov, 2022 03:23am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?