Companies Google terminates 28 employees for protest of Israeli cloud contract Google said on Thursday it had terminated 28 employees after some staff participated in protests against the... Published 18 Apr, 2024 09:23pm
Forex SBP-held foreign exchange reserves increase $14.4mn, now stand at $8.05bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14.4 million on a weekly basis,... Published 18 Apr, 2024 08:41pm
Business & Economy Pakistan’s inflation deceleration broad-based, says central bank chief Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023 Updated 18 Apr, 2024 10:43pm
Stocks Gulf markets end mixed as investors assess Fed, geopolitical tensions Stock markets in the Gulf ended mixed on Thursday as investors assessed the latest Federal Reserve commentary and... Published 18 Apr, 2024 07:50pm
Stocks KSE-100 ends marginally lower, still above 70,000 The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower by 43 points, as investors chose... Published 18 Apr, 2024 06:28pm
Stocks Indian shares extend fall as volatility rises before key earnings, general elections BENGALURU: Indian shares ended at four-week lows on Thursday, reversing intraday gains, as volatility spiked ahead... Published 18 Apr, 2024 05:00pm
Commodities Copper rallies to 22-month high as inventories tighten, dollar slips LONDON: Copper prices climbed to the highest levels in 22 months on Thursday as funds extended their buying spree,... Published 18 Apr, 2024 04:56pm
Commodities Palm oil logs longest losing streak in over four months BEIJING: Malaysian palm oil futures fell for a fifth straight session on Thursday, pressured by expectations of... Published 18 Apr, 2024 04:53pm
Money & Banking Meezan Bank’s profit up nearly 65% in 1QCY24 Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs25.54 billion for the first... Published 18 Apr, 2024 04:48pm
Energy Pakistan’s power generation falls over 8% year-on-year Power generation in Pakistan clocked in at 8,023 GWh (10,784 MW) in March 2024, down 8.2% as compared to the same... Published 18 Apr, 2024 03:23pm
Stocks Industrials drive STOXX 600 higher as earnings season gathers steam European shares edged higher on Thursday, with the industrials lifting the benchmark index following ABB’s upbeat... Published 18 Apr, 2024 03:19pm
Forex Russian rouble slightly weakens against the US dollar MOSCOW: The Russian rouble slightly weakened against the US dollar on Thursday. By 0717 GMT, the rouble was 0.13%... Published 18 Apr, 2024 03:18pm
Forex South African rand edges higher as dollar retreats JOHANNESBURG: South Africa’s rand edged higher early on Thursday, as the dollar took a breather from its rise in... Published 18 Apr, 2024 03:12pm
ECB ‘crystal clear’ on June rate cut, de Guindos says FRANKFURT: The European Central Bank has made it “crystal clear” that interest rates could be cut in June but has... Published 18 Apr, 2024 03:10pm
Commodities Copper hits 22-month high as dollar rally pauses London copper hit its highest in 22 months on Thursday, supported by a softer dollar as traders braced for a... Published 18 Apr, 2024 03:09pm
Tata Motors to use new $1bn plant to make Jaguar Land Rover cars, sources say NEW DELHI: India’s Tata Motors is planning to manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant... Published 18 Apr, 2024 03:07pm
Binance obtains Dubai licence to target retail clients DUBAI: Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that... Published 18 Apr, 2024 02:30pm
Bullion Rate Gold retreats, falls Rs1,700 per tola in Pakistan After hitting record highs in the earlier sessions, gold rates decreased in the local and international markets on... Updated 18 Apr, 2024 10:40pm
Stocks London stocks boosted by strong corporate results; Hipgnosis Songs Fund surges British stocks moved higher on Thursday, boosted by a string of upbeat corporate updates, while investors awaited... Published 18 Apr, 2024 01:49pm
Stocks Hong Kong stocks flat at open HONG KONG: Hong Kong stocks were barely moved at the beginning of trade Thursday as investors weighed the outlook... Published 18 Apr, 2024 01:43pm
Tesla, Starlink entry on agenda when Musk heads to India MUMBAI: Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world’s most... Published 18 Apr, 2024 01:41pm
Money & Banking Enforcement action: SBP imposes over Rs755mn in penalties on 8 banks, 1 EC The State Bank of Pakistan (SBP) imposed penalties worth Rs775.542 million on 8 banks and one exchange company... Updated 18 Apr, 2024 09:12pm
Business & Economy Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF Updated 18 Apr, 2024 10:42pm
Commodities China’s March refined copper output jumps 8% y/y BEIJING: China’s refined copper production in March rose 7.9% from the prior year to around 1.15 million metric... Published 18 Apr, 2024 12:31pm
Commodities Australia’s sugar output likely to rise to 4.2mn tons in 2024/25, USDA says CANBERRA: Australia’s sugar production should rise to 4.2 million metric tons in the 2024/25 marketing year from an... Published 18 Apr, 2024 12:30pm
Commodities Chicago wheat recoups some losses as US dollar eases CANBERRA: Chicago wheat futures rose on Thursday, recouping some of their losses from the previous session, as the... Published 18 Apr, 2024 12:26pm
Commodities Palm oil range-bound as slowing demand outlook weighs BEIJING: Malaysian palm oil futures traded in a tight range on Thursday after slumping to their lowest in over six... Published 18 Apr, 2024 12:19pm
Forex China’s yuan firms on soft dollar, PBOC support SHANGHAI: China’s yuan slightly firmed on Thursday against a softer US dollar as investors stepped back to assess... Published 18 Apr, 2024 11:36am
Companies ABB beats forecasts with first quarter earnings ZURICH: ABB reported better than expected profit at the start of the year, the Swiss engineering company said on... Published 18 Apr, 2024 11:34am
Commodities China’s March aluminium imports jump 90% on-year, customs data show BEIJING: China’s imports of unwrought aluminium and products jumped 89.8% at 380,000 metric tons in March, customs... Published 18 Apr, 2024 11:30am
Bullion Rate Gold shines as geopolitical tensions offset easing US rate-cut bets Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion’s safe-haven appeal,... Published 18 Apr, 2024 11:28am
Stocks China stocks track Asian markets higher SHANGHAI: China stocks tracked other Asian markets higher on Thursday, as investors assessed US interest rate... Published 18 Apr, 2024 11:11am
South Asia IMF ready to support Sri Lanka’s discussions with bondholders COLOMBO: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international... Published 18 Apr, 2024 11:08am
Abu Dhabi Islamic Bank in talks to buy $1.1bn stake in Indonesian lender, sources say SINGAPORE/JAKARTA: Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1... Published 18 Apr, 2024 11:05am
Commodities South Korea’s KFA tenders for up to 69,000 T corn, traders say HAMBURG: South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000... Published 18 Apr, 2024 10:56am
Nokia sees stronger H2 after Q1 comparable profit grows less than expected Finnish telecom gear maker Nokia reported on Thursday a smaller rise than expected in first-quarter comparable... Published 18 Apr, 2024 10:54am
Energy MARI successfully drills another appraisal well in Sindh Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully... Updated 18 Apr, 2024 04:31pm
TSMC Q1 profit rises 9%, beats market expectations TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market... Published 18 Apr, 2024 10:52am
Forex Rupee largely stable against US dollar Currency settles at 278.44 against the greenback in inter-bank market Updated 18 Apr, 2024 08:50pm
Stocks Asia stocks mixed as soaring dollar pauses SINGAPORE: Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond... Published 18 Apr, 2024 10:30am
Forex Indian rupee pressured by Fed rate outlook, helped by dip in oil prices MUMBAI: The Indian rupee is likely to open little changed on Thursday amid expectations that US interest rates will... Published 18 Apr, 2024 10:15am
Business & Economy Aurangzeb meets Donald Lu, other US officials Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring meetings being... Updated 18 Apr, 2024 10:41pm
Mutual Funds India bond yields may inch down as oil, Treasury yields dip MUMBAI: Indian government bond yields may edge lower in early trading on Thursday as oil prices as well as US... Published 18 Apr, 2024 10:12am
Stocks Australia shares rebound as mining, bank stocks rally; jobs data in focus Australian shares inched up on Thursday after five sessions of losses, buoyed by miners on rising underlying iron... Published 18 Apr, 2024 10:10am
Stocks Japan’s Nikkei set for fourth losing session as chip stocks weigh TOKYO: Japan’s Nikkei share average fell on Thursday, putting it on course for its longest losing streak since... Published 18 Apr, 2024 10:08am
Stocks Indian shares set for muted open as worries about US rate, Middle East linger BENGALURU: Indian shares are set to open little changed on Thursday, after falling about 3% in the past three... Published 18 Apr, 2024 10:06am
Forex Dollar takes a breather as investors ponder US rates outlook SINGAPORE: The dollar was soft on Thursday as traders assessed the US interest rates outlook in the wake of comments... Published 18 Apr, 2024 09:59am
Energy Oil extends losses on easing Middle East tension, demand concerns LONDON: Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key... Updated 18 Apr, 2024 06:44pm
Taxes Critics say concept of ‘deemed’ income alien to income tax law LAHORE: The critics of the concept of deemed income have termed it discriminatory, saying that it provides certain... Published 18 Apr, 2024 03:24am
Taxes E-filers face problems after new amendments to ST rules KARACHI: Taxpayers are facing difficulties in e-filing sales tax returns after new amendments to the Sales Tax Rules... Published 18 Apr, 2024 03:24am
Taxes Jul’23-Feb’24 period: SRB collection grows 33pc to Rs145.3bn YoY KARACHI: The Sindh Revenue Board (SRB) has continued its impressive revenue collection performance, securing Rs... Updated 18 Apr, 2024 09:45am
JP Morgan seminar: Aurangzeb outlines three key reform areas ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Wednesday said the government is... Published 18 Apr, 2024 03:24am
IMF detects hike in govt expenditure ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.7 percent in the government... Published 18 Apr, 2024 03:24am
IMF says global debt levels face ‘Great Election Year’ risk WASHINGTON: The path towards sustainable government debt levels around the world is under threat this year from the... Published 18 Apr, 2024 03:24am
Industry Churra made chairman of FPCCI body KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 18 Apr, 2024 03:24am
Industry Contribution of French firms to Pak economy lauded ISLAMABAD: Ambassador of France to Pakistan Nicolas Galey on Wednesday commended the French companies’... Published 18 Apr, 2024 03:24am
Industry SAI terms hike in oil prices tragic for economy KARACHI: Muhammad Kamran Arbi, President of SITE Association of Industry (SIA), has said the recent increase in POL... Published 18 Apr, 2024 03:24am
Companies PMPKL demands govt deal with growing challenge of illegal cigarettes ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) on Wednesday disclosed that the total share of illicit cigarettes... Published 18 Apr, 2024 03:24am
Industry SECP registers Salaam Family Takaful Ltd as first-ever digital operator ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered Salaam Family Takaful Limited as... Published 18 Apr, 2024 03:24am
Industry Front-running: SECP files complaint against two individuals ISLAMABAD: The Securities and Exchange Commissions of Pakistan (SECP) has filed a criminal complaint against two... Published 18 Apr, 2024 03:24am
Industry Petroleum products: FPCCI urges govt to ensure price stability LAHORE: In a recent statement, Atif Ikram Sheikh, President of FPCCI, emphasized the necessity for the government to... Published 18 Apr, 2024 03:24am
Money & Banking Dollar eases, still close to 5-1/2 month high NEW YORK: The dollar eased from near 5-1/2-month highs on Wednesday as Federal Reserve officials reiterated the... Published 18 Apr, 2024 03:24am
Taxes Tax Law (First Amendment) Bill likely to be approved today ISLAMABAD: The cabinet committee for disposal of legislative cases is likely to approve Tax Law (First Amendment)... Published 18 Apr, 2024 03:24am
Industry Economic developments: PBS develops calendar to release ‘QNAs’ ISLAMABAD: The Pakistan Bureau of Statistics (PBS) has developed a dissemination and revision policy while... Published 18 Apr, 2024 03:24am
Companies Tapal Tea transits from SAP S/4HANA On-premise to RISE with SAP KARACHI: Tapal Tea enters a strategic collaboration and moves towards digital transformation by transitioning from... Published 18 Apr, 2024 03:24am
Taxes New customs’ values on import of soybean meal (non-GMO) fixed ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of Soyabean... Published 18 Apr, 2024 03:24am
Money & Banking Q1CY24: SBP imposes Rs775.542m penalties on banks, FIs KARACHI: The State Bank of Pakistan (SBP) has imposed Rs 775.542 million penalties on banks and financial... Published 18 Apr, 2024 03:24am
Money & Banking BD operations/assets: BAFL board approves Bank Asia’s offer KARACHI: The Board of Directors of Bank Alfalah Limited has accorded its approval/acceptance, in principle, to the... Published 18 Apr, 2024 03:24am