Commodities Govt pins increase in prices of petroleum products to global hike in rates The Ministry of Finance has attributed its latest decision of increasing prices of petroleum products to a hike in... Published 16 Apr, 2024 08:26pm
Companies Enertech leaders honoured with Sitara-e-Pakistan, Sitara-e-Imtiaz Enertech, a Kuwaiti state-owned company, is elated to announce that two of its esteemed leaders have been honoured... Published 16 Apr, 2024 07:45pm
Mideast-related oil price spike threatens ‘relatively good’ economic outlook: IMF chief economist WASHINGTON: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF’s... Published 16 Apr, 2024 06:56pm
IMF sees slow, steady 2024 global growth; China, inflation pose risks Many countries showing less 'scarring' from COVID-19 pandemic and cost-of-living crises, returning to pre-pandemic levels of output more quickly than previously predicted, says IMF Updated 16 Apr, 2024 08:56pm
Stocks British equities drop over 1%; Dr Martens, Superdry tumble London stocks dived on Tuesday, with most sectors in the red, as traders pulled back expectations of rapid US rate... Published 16 Apr, 2024 03:36pm
Forex Sterling holds at five-month low after UK labour data LONDON: Sterling stayed at a five-month low versus the dollar on Tuesday, after data showed Britain’s unemployment... Published 16 Apr, 2024 03:34pm
Forex Kenyan shilling eases on pent-up FX demand from manufacturers NAIROBI: The Kenyan shilling eased against the dollar on Tuesday on pent-up foreign-currency demand from... Published 16 Apr, 2024 03:32pm
South Asia Sri Lanka fails to agree on restructuring terms with bondholders COLOMBO: Sri Lanka has failed to strike an agreement on restructuring about $12 billion of debt with its... Updated 16 Apr, 2024 07:27pm
Companies Attock Cement completes expansion of production capacity by 1.28mn tons Attock Cement Pakistan Limited (ACPL), a subsidiary of Pharaon Investment Group Limited Holding S.A.L, Lebanon, said... Updated 16 Apr, 2024 06:50pm
Business & Economy Aurangzeb explains why Pakistan needs larger, longer IMF programme Addressing Atlantic Council thinktank, finance minister says execution of structural reforms requires two to three years Updated 16 Apr, 2024 06:50pm
Stocks KSE-100 sees resistance at 71,000, closes session in red Index retreats after testing 71,000-point barrier Updated 16 Apr, 2024 10:27pm
Commodities Gold hits another all-time high, is now near Rs250,000 per tola in Pakistan Gold rate in Pakistan hit a fresh high on Tuesday as the yellow metal advanced with its safe-haven appeal amid... Updated 16 Apr, 2024 05:07pm
Stocks Iran-Israel fears push European equities down at open LONDON: Europe’s major stock markets sank Tuesday at the open, mirroring losses elsewhere, after Israel’s army chief... Published 16 Apr, 2024 01:27pm
Mutual Funds Euro zone bond yields hold steady after Monday’s rise LONDON: Euro zone bond yields were little changed on Tuesday after rising at the start of the week on the back of... Published 16 Apr, 2024 01:13pm
Tesla’s global job cuts hit China sales team, sources say SHANGHAI: Tesla’s global job cuts are hitting China, the automaker’s biggest market after the United States,... Published 16 Apr, 2024 01:07pm
Stocks Australian shares end about 2% lower as US rate cut bets ease on strong data Australian shares declined on Tuesday as losses in banks and miners reflected a weakening investor sentiment around... Published 16 Apr, 2024 01:01pm
Stocks Hong Kong shares begin with more losses HONG KONG: Hong Kong stocks extended the previous day’s losses Tuesday as traders grow increasingly worried about... Published 16 Apr, 2024 12:53pm
Energy China crude oil throughput rises 1.3% in March BEIJING: China’s oil refinery throughput rose in March as refiners stepped up runs amid signs of a tentative... Published 16 Apr, 2024 12:45pm
Forex Indonesian rupiah hits four-year low, prompts central bank intervention JAKARTA: The Indonesian rupiah on Tuesday slid to its weakest in four years as the market reopened after the Eid... Published 16 Apr, 2024 12:37pm
Commodities Wheat rises but strong dollar, Russian exports limit gains CANBERRA: Chicago wheat futures rose on Tuesday despite a strengthening dollar and huge exports of cheap grain from... Published 16 Apr, 2024 12:20pm
Real Estate Dubai’s high-end property sales rise on overseas demand DUBAI: Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry... Published 16 Apr, 2024 12:07pm
Real Estate China’s new home prices decline at fastest pace since 2015 BEIJING: New home prices in China fell at their fastest pace in more than eight years in March as the debt woes of... Published 16 Apr, 2024 12:03pm
Forex China’s yuan bounces from 5-month low on state bank support, upbeat Q1 data BEIJING/SHANGHAI: China’s yuan briefly hit a five-month low against the dollar before recouping some of the losses... Published 16 Apr, 2024 12:01pm
Bullion Rate Gold near record high on growing geopolitical concerns Gold prices ticked up on Tuesday, not too far away from a record high hit last week, as concerns about rising... Published 16 Apr, 2024 11:59am
Microsoft to invest $1.5bn in Emirati AI firm G42, New York Times reports Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New... Published 16 Apr, 2024 11:56am
China’s Q1 GDP growth solid but March data shows feeble demand BEIJING: China’s economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some... Published 16 Apr, 2024 11:53am
UBS added capital needs of $15-25bn are realistic, Swiss minister says ZURICH: Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government... Published 16 Apr, 2024 11:50am
Commodities Palm oil falls to five-week low KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Tuesday, to hit its lowest in five... Published 16 Apr, 2024 11:46am
Mutual Funds JGB yields climb with US peers as Fed cut bets pushed back TOKYO: Japanese government bond (JGB) yields rose on Tuesday, with the two-year yield reaching the highest since... Published 16 Apr, 2024 11:23am
Forex Rupee records further decline against US dollar Currency settles at 278.29 against the US dollar in inter-bank market Updated 16 Apr, 2024 06:34pm
Forex Australia, NZ dollars hit five-month lows on geopolitical worries, yuan slides SYDNEY: The Australian and New Zealand dollars hit five-month lows on Tuesday, weighed down by weaker appetite for... Published 16 Apr, 2024 11:09am
Stocks Equities sink, oil rallies on fears of Iran-Israel conflict HONG KONG: Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after... Published 16 Apr, 2024 11:07am
Commodities China’s March coal output slumps on high stockpiles, lower demand BEIJING: China’s coal output fell 4.2% in March, statistics bureau data showed on Tuesday, as miners cut back... Published 16 Apr, 2024 11:04am
Mutual Funds India bond yields at near 3-month highs amid Middle East worries MUMBAI: India’s benchmark government bond yields rose to near three-month highs on Tuesday, as heightened... Published 16 Apr, 2024 10:45am
Mutual Funds Philippines rejects all bids for $527mn T-bond offer MANILA: The Philippines’ Bureau of the Treasury rejected all bids made for its offer of 30 billion Philippine pesos... Published 16 Apr, 2024 10:41am
Forex Indian rupee falls to record low on rising US yields; RBI likely steps in MUMBAI: The Indian rupee dropped to a record low on Tuesday, weighed by the rise in US Treasury yields on bets that... Published 16 Apr, 2024 10:39am
Stocks Japan’s Nikkei touches one-month low on US peers weakness TOKYO: Japan’s Nikkei share average fell more than 2% to a one-month low on Tuesday as technology stocks tracked the... Published 16 Apr, 2024 10:34am
Stocks Indian shares set to open lower as US rate worries add to geopolitical woes BENGALURU: Indian shares are set to open lower on Tuesday, tracking Asian peers, as expectations of likely delay in... Published 16 Apr, 2024 10:31am
Forex Dollar firms after hot retail sales, yen languishes; China data awaited TOKYO: The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday,... Published 16 Apr, 2024 10:29am
Energy Oil slips on easing Middle East supply concerns LONDON: Oil dipped for a second day on Tuesday as concerns about Middle East supply eased after Iran’s weekend... Updated 16 Apr, 2024 07:25pm
Stocks China stocks fall, small-cap companies slump despite strong GDP SHANGHAI: China stocks fell on Tuesday, with small-cap companies leading the decline, as March economic indicators... Published 16 Apr, 2024 10:19am
Business & Economy Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says Pakistan seeks at least a three-year programme with the IMF, says Aurangzeb Updated 16 Apr, 2024 10:00pm
KE’s TDS arrears: MoF asks PD to provide year-wise details ISLAMABAD: The Ministry of Finance has reportedly asked the Power Division to provide year-wise details of Tariff... Updated 16 Apr, 2024 08:43am
US retail sales beat expectations, boost Q1 growth estimates WASHINGTON: US retail sales increased more than expected in March amid a surge in receipts at online retailers,... Published 16 Apr, 2024 03:38am
Petrol price hiked by Rs4.53, diesel’s by Rs8.14 ISLAMABAD: Federal government on Monday announced a massive raise in the price of high speed diesel (HSD) by Rs 8.14... Published 16 Apr, 2024 03:38am
Taxes FBR extends deadline for ST, excise return filing ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of Sales Tax and Federal Excise... Published 16 Apr, 2024 03:38am
Industry UBG chief concerned over not becoming economic power KARACHI: Founder Chairman of United Business Group (UBG), former President of SAARC Chamber of Commerce, Iftikhar ... Published 16 Apr, 2024 03:38am
Money & Banking Rouble slightly weakens against dollar MOSCOW: The Russian rouble slightly weakened against the US dollar on Monday. By 0715 GMT, the rouble was 0.18%... Published 16 Apr, 2024 03:38am
Money & Banking China’s yuan hits 5-month low SHANGHAI: China’s yuan traded at a five-month low against the dollar on Monday, but the currency avoided any steep... Published 16 Apr, 2024 03:38am
Money & Banking Dollar jumps, yen weaker NEW YORK: The dollar reached its highest since early November against a basket of currencies on Monday, and sent the... Published 16 Apr, 2024 03:38am
Money & Banking Asian currencies slip BENGALURU: Most Southeast Asian markets were subdued on Tuesday as rising tensions in the Middle East and a ... Published 16 Apr, 2024 03:38am
Industry PITB invites start-up ideas for incubation centres LAHORE: The Punjab Information Technology Board (PITB) has invited young aspiring entrepreneurs from Punjab to ... Published 16 Apr, 2024 03:38am
Taxes Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ... Published 16 Apr, 2024 03:38am
US awards Samsung $6.4bn in grants for Texas chip complex WASHINGTON: The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung to expand its... Published 16 Apr, 2024 03:38am
Money & Banking HK conditionally approves first bitcoin and ether ETFs HONG KONG: Hong Kong’s securities regulator on Monday granted conditional approval to start the city’s first... Published 16 Apr, 2024 03:38am