Industry Pakistan car sales drop 3% MoM in March Pakistan car sales in March totaled 9,379 units, reflecting 3% decrease compared to the previous month and 1%... Updated 18 Apr, 2024 03:57pm
Mutual Funds Equity trading: SECP files criminal complaint against 2 individuals on charges of front-running The Securities & Exchange Commission of Pakistan (SECP) has filed a criminal complaint against two individuals... Updated 18 Apr, 2024 09:22am
Stocks KSE-100 ends lower as investors book profits The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower by 150 points on Wednesday, as investors... Published 17 Apr, 2024 06:02pm
Commodities Record high: gold continues to shine, reaches Rs251,900 per tola in Pakistan Gold continued its merry run on Wednesday, crossing Rs250,000 per tola mark for the first time in Pakistan as a... Updated 17 Apr, 2024 09:00pm
Companies Ali Rathore set to take charge as CEO Engro Fertilizers Limited The Board of Directors of Engro Fertilizers Limited (EFERT) has approved the appointment of Ali Rathore as the... Updated 17 Apr, 2024 10:14pm
Forex Kenyan shilling slips on FX demand from fuel importers and manufacturers The Kenyan shilling weakened on Wednesday on dollar demand from fuel importers and manufacturers, traders said. At... Published 17 Apr, 2024 03:48pm
Cotton & Textile Letter to finance minister: APTMA calls for ‘export-centric’ policies The All Pakistan Textile Mills Association (APTMA) has called for an “export-centric” programme, stressing that high... Updated 17 Apr, 2024 05:48pm
Money & Banking Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh In PSX notice, Bank Alfalah says it will now seek SBP approval for Bank Asia to commence due diligence on its Bangladesh entity Updated 17 Apr, 2024 06:14pm
Stocks China stocks jump as regulator clarifies concerns over delisting rules HONG KONG: China stocks jumped on Wednesday, with Shanghai Composite index marking the biggest daily gain in 10... Published 17 Apr, 2024 02:16pm
Money & Banking Higher gains on securities: UBL’s profit up 12% during Jan-March United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs16.14... Updated 17 Apr, 2024 02:41pm
Stocks London stocks gain as miners shine, inflation slows its fall British stocks climbed on Wednesday, underpinned by industrial metal miners, while the pound strengthened after a... Published 17 Apr, 2024 02:13pm
Stocks Hong Kong shares open with a small loss HONG KONG: Hong Kong stocks opened slightly lower on Wednesday after US Federal Reserve boss Jerome Powell warned... Published 17 Apr, 2024 01:12pm
Business & Economy US urges Pakistan to prioritise, expand economic reforms State Dept spokesman says support for Pakistan's economic success is unwavering, and we will continue to engage with Pakistan through technical agreements Updated 17 Apr, 2024 09:01pm
Stocks Asian shares mixed as Fed’s Powell rethinks rate cuts, yields jump SYDNEY: Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US... Published 17 Apr, 2024 11:39am
Business & Economy World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division Aurangzeb also shares reform agenda during meeting with World Bank chief Updated 17 Apr, 2024 05:56pm
RBNZ sectoral factor inflation model up 4.3% year on year in Q1 WELLINGTON: The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core... Published 17 Apr, 2024 11:28am
Commodities Soybeans hover near 4-year lows as firmer dollar blunts US competitiveness CANBERRA: Chicago soybean futures on Wednesday hovered above four-year lows as a strengthening dollar made US... Published 17 Apr, 2024 11:26am
China’s BYD unveils three new models for its off-road Fangchengbao lineup SHANGHAI: BYD has unveiled three new models, including two concept cars, under its premium brand Fangchengbao as the... Published 17 Apr, 2024 11:23am
Commodities Palm oil falls for fourth session to hit six-week low KUALA LUMPUR: Malaysian palm oil futures fell for a fourth straight session on Wednesday to hit their lowest in six... Published 17 Apr, 2024 11:21am
Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say HONG KONG: Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals... Published 17 Apr, 2024 11:18am
Apple CEO says looking into possibility of building manufacturing facility in Indonesia JAKARTA: Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on... Published 17 Apr, 2024 10:48am
Indonesia’s plunging rupiah twists the policy plot SINGAPORE/JAKARTA: Indonesia’s economy was primed for monetary easing later this year, but an unwelcome plunge in... Published 17 Apr, 2024 10:35am
Bullion Rate Gold steady as geopolitical woes counter firmer dollar, yields Gold prices were steady on Wednesday after rallying to record highs last week, as safe-haven demand fuelled by... Published 17 Apr, 2024 10:31am
Forex Australia, NZ dollars back from brink as kiwi inflation confirms stickiness SYDNEY: The New Zealand dollar climbed from five-month lows on Wednesday as still sticky domestic inflation forced... Published 17 Apr, 2024 10:29am
Forex China’s yuan eases as Powell comments lift dollar HONG KONG: China’s yuan traded lower against dollar on Wednesday after comments by US Federal Reserve Chair Jerome... Published 17 Apr, 2024 10:25am
Currency Rupee again sees marginal decline against US dollar Currency settles at 278.40 against the greenback in inter-bank market Updated 17 Apr, 2024 07:18pm
Stocks Australian shares flat as miners counter gains in banks, gold stocks Australian shares were little changed on Wednesday as losses in heavyweight miners countered gains in financial and... Published 17 Apr, 2024 10:10am
Stocks Japan’s Nikkei slips in choppy session as caution prevails TOKYO: Japan’s Nikkei share average was on track for a third consecutive day of losses on Wednesday, as tensions in... Published 17 Apr, 2024 10:09am
Energy Oil falls nearly 3% as demand worries outweigh Middle East supply risks Brent futures for June were down $2.44, or 2.7%, to $87.58 a barrel Updated 17 Apr, 2024 10:47pm
Forex Dollar steady, yen fragile after Fed comments dash rate cut bets SINGAPORE: The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from... Published 17 Apr, 2024 09:57am
Companies Another Dubai IPO: Spinneys’ public float ‘could help bring other IPOs to fruition’ Spinneys, an operator of 75 grocery retail supermarkets in the UAE and Oman, announced plans to proceed with an... Updated 17 Apr, 2024 02:36pm
IMF warns financial risks linger amid ‘soft landing’ WASHINGTON: The International Monetary Fund is cautioning against overexuberance in markets as investors look for... Published 17 Apr, 2024 05:28am
Govt likely to initiate inclusive insurance schemes ISLAMABAD: The government, in collaboration with insurance companies, expected to initiate inclusive insurance... Published 17 Apr, 2024 05:28am
Insurance products: SECP asks FBR to remove ‘multiple layers’ of taxation ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended Federal Board of Revenue (FBR)... Published 17 Apr, 2024 05:28am
Rs6.8bn mopped up thru auction for PIBs KARACHI: The federal government on Tuesday raised Rs 6.8 billion from the banking sector against the sale of... Published 17 Apr, 2024 05:28am
PSO allowed per litre exchange rate adjustment ISLAMABAD: The federal government has allowed Pakistan State Oil (PSO) per litre exchange rate adjustment of Rs1.34... Published 17 Apr, 2024 05:28am
FCA mechanism: CPPA-G seeks Rs2.94/unit positive adjustment for April ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought a positive adjustment of Rs2.94 per... Published 17 Apr, 2024 05:28am
5 types of cement: CCP issues policy note to amend ‘PSS’ ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a crucial policy note to the Ministry of Science... Published 17 Apr, 2024 05:28am
PBF chief says country will achieve higher economic growth through KSA support KARACHI: President Pakistan Business Forum (PBF), Khawaja Mehboob ur Rehman said that Pakistan was poised to make... Published 17 Apr, 2024 05:28am
CEOs of Taavu, Wateen meet minister ISLAMABAD: Minister of State for IT and Telecommunication Shaza Fatima Khawaja has said that there are vast... Published 17 Apr, 2024 05:28am
Money & Banking RAAST P2M services: DIB signs MoU with MAK and ARY KARACHI: Dubai Islamic Bank, MAK Global and ARY Services have collaborated and signed a tri-partite Memorandum of... Published 17 Apr, 2024 05:28am
Industry Session on SMEDA services held with NIM delegation LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) hosted an interactive session on SMEDA... Published 17 Apr, 2024 05:28am
LCCI president expresses optimism about country’s economic prospects LAHORE: Pakistan has all the abilities to emerge as an economic leader once the key economic issues including... Published 17 Apr, 2024 05:28am
Global ocean summit nets $10bn in pledges: Greek PM ATHENS: An international summit on saving the oceans netted $10 billion in pledges, the prime minister of host... Published 17 Apr, 2024 05:28am
Sri Lanka debt talks stall as deadline looms COLOMBO: Bankrupt Sri Lanka said Tuesday it had failed after three weeks of talks to reach an agreement with its... Published 17 Apr, 2024 05:28am
Money & Banking Dollar buoyed by strong economy NEW YORK: The dollar briefly reached a five-month high against the euro on Tuesday and the yen fell to its lowest... Published 17 Apr, 2024 05:28am
Money & Banking Asian currencies: Indonesian rupiah dips to 4-year low BENGALURU: The Indonesian rupiah tumbled to a four-year low on Tuesday after a weeklong holiday as persistent... Published 17 Apr, 2024 05:28am
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 17 Apr, 2024 05:28am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’