Companies NLC inks MoU with Hutchison Ports To improve the quality of logistics services and develop supply chain synergies, National Logistics Corporation... Published 24 Apr, 2024 08:35pm
Business & Economy IMF Executive Board to meet April 29 on Pakistan’s SBA Approval will pave way for inflow of nearly $1.1bn Updated 24 Apr, 2024 10:30pm
Business & Economy Extend handshake to all neighbours including India, suggests Arif Habib to PM Shehbaz Also advises improving relations with 'resident' at Adiala Jail, in reference to Imran Khan Updated 24 Apr, 2024 07:35pm
Money & Banking Bank Alfalah’s profit falls 8% in 1QCY24, clocks in at Rs9.93bn Despite higher net income, Bank Alfalah saw its profit fall to Rs9.93 billion during the quarter ended March 31,... Published 24 Apr, 2024 04:31pm
Commodities Gold price per tola increases Rs1,100 in Pakistan Gold prices in Pakistan were back to winning ways on Wednesday in line with the increase in the international rate.... Updated 24 Apr, 2024 10:32pm
Money & Banking ‘Strong performance’: Standard Chartered explains reason for increase in share price Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the... Updated 24 Apr, 2024 10:16pm
Stocks China stocks track global peers higher as investors gauge US rate outlook SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by... Published 24 Apr, 2024 02:41pm
Companies Pakistan Refinery suffers Rs1.24bn loss in 3QFY24 Hit by lower revenue and high cost of sales, Pakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil... Updated 24 Apr, 2024 06:30pm
Currency South African rand little changed in early trade JOHANNESBURG: South Africa’s rand was little changed in early trade on Wednesday, after making modest gains the... Published 24 Apr, 2024 01:32pm
Currency Russian rouble strengthens to more than two-week high vs dollar MOSCOW: The Russian rouble strengthened to a more than two-week high against the U.S. dollar on Wednesday. By 0733... Published 24 Apr, 2024 01:29pm
Stocks European shares flat, with focus on mixed bag of earnings European shares were little changed in early trading on Wednesday as gains in technology stocks were offset by... Published 24 Apr, 2024 01:18pm
Stocks FTSE 100 extends record run on earnings optimism Britain’s FTSE 100 index extended its record run on Wednesday as a strong earnings update from Reckitt Benckiser and... Published 24 Apr, 2024 01:16pm
Commodities Gold prices rangebound as traders focus on US economic data Gold prices crept higher on Wednesday but were stuck in a narrow range as investors looked to U.S. economic data for... Published 24 Apr, 2024 11:25am
Commodities Palm oil higher on hotter weather, stronger rivals SINGAPORE: Malaysian palm oil futures rose for a third consecutive session on Wednesday amid hotter weather in the... Published 24 Apr, 2024 11:08am
Currency Australian dollar jumps, bonds slump as markets say goodbye to rate cuts SYDNEY: The Australian dollar jumped on Wednesday while bonds tumbled by the most in 10 months as a hot reading on... Published 24 Apr, 2024 11:05am
Stocks Record closing again: KSE-100 rises nearly 1% to close above 72,000 Stocks have been on winning run on back of positive developments on economic front that have conveyed stability Updated 24 Apr, 2024 10:18pm
USA Bill to ban TikTok in US clears Congress WASHINGTON: The US Senate on Tuesday approved legislation requiring the wildly popular social media app TikTok to be... Published 24 Apr, 2024 10:47am
Forex Rupee remains largely stable against US dollar Currency settles at 278.39 against greenback in inter-bank market Updated 24 Apr, 2024 10:37pm
Commodities Iron ore rebounds to over six-week high on renewed China demand hopes, lower shipments BEIJING: Iron ore futures prices rebounded on Wednesday to their highest level in over six weeks, aided by renewed... Published 24 Apr, 2024 09:57am
Financial Indian bond yields seen consolidating after two-day decline MUMBAI: Indian government bond yields are expected to consolidate on Wednesday, after easing in the first two... Published 24 Apr, 2024 09:50am
Forex Indian rupee likely to inch higher at open tracking Asian peers MUMBAI: The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers, but... Published 24 Apr, 2024 09:48am
Stocks Asian shares rise on tech boost; yen on intervention watch SINGAPORE: Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla... Published 24 Apr, 2024 09:46am
Stocks South Korean shares post biggest daily gain in a month on chip, battery rally KOSPI closed up 52.73 points, or 2.01%, at 2,675.75 Updated 24 Apr, 2024 12:16pm
Stocks Australia shares end flat as inflation data ends rate-cut hopes Australian shares ended flat on Wednesday, as gains in financials and gold stocks were offset by losses in the... Updated 24 Apr, 2024 12:13pm
Stocks Tokyo stocks end sharply higher TOKYO: Tokyo stocks ended sharply higher on Wednesday after Wall Street rose for a second straight session on good... Updated 24 Apr, 2024 12:01pm
Stocks Indian shares inch up, led by metals and auto stocks BENGALURU: Indian shares inched higher on Wednesday, led by gains in metals and auto stocks, with the focus on... Published 24 Apr, 2024 09:36am
Commodities London copper in tight range as weak China demand, supply woes weigh BEIJING: London copper traded within a tight range on Wednesday, as a recent rally in prices dampened consumption in... Published 24 Apr, 2024 09:34am
Energy Oil prices fall as US business activity cools, concerns over Middle East ease NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and... Updated 24 Apr, 2024 09:31pm
Forex Dollar droops, Aussie jumps after inflation data TOKYO: The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, but the yen... Published 24 Apr, 2024 09:29am
Traders resent ‘Karachi lockdown’ KARACHI: Amid business downturn, the Sindh government’s move to keep the city lockdown on Tuesday on the arrival ... Published 24 Apr, 2024 03:50am
Industry PBF greets Pak-Iran resolve to bolster ties KARACHI: President Pakistan Business Forum (PBF) Khawaja Mehboob ur Rehman has welcomed the resolve of Iran and... Published 24 Apr, 2024 03:50am
Industry UNDP report: Pakistan in moderate digital development category ISLAMABAD: Pakistan lies in the moderate digital development category with a cumulative Digital Development Index... Published 24 Apr, 2024 03:50am
Taxes Random selection of figures: Commissioner Appeals disapproves assessment order LAHORE: A commissioner Inland Revenue (Appeals) has disapproved the assessment order after finding that the tax... Published 24 Apr, 2024 03:50am
BMGF and Karandaaz: Aurangzeb acknowledge valuable contributions ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb on Tuesday met with Syed Ali Mahmood, Country Lead for... Published 24 Apr, 2024 03:50am
Pakistan warned of risks in trade deals with Iran by US? ISLAMABAD: The United States (US) has cautioned Pakistan about potential risks associated with its trade agreements... Published 24 Apr, 2024 03:50am
Jul-Mar borrowing stands at $6.899bn ISLAMABAD: The country borrowed $6.899 billion from multiple financing sources during the first nine months... Updated 24 Apr, 2024 09:00am
Economic growth linked to continuity of policies ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal said on Tuesday that peace, stability, and... Published 24 Apr, 2024 03:50am
WHO delegation meets FBR chairman ISLAMABAD: A delegation of World Health Organization (WHO) comprising Roberto Iglesias, Consultant, and Santiago... Published 24 Apr, 2024 03:50am
IT industry to support MoITT in achieving $3.5bn export target ISLAMABAD: The information technology (IT) industry will fully support the initiatives of the Ministry of IT and... Published 24 Apr, 2024 03:50am
IT minister visits Airlink smartphone manufacturing facility LAHORE: Airlink Communication Ltd, one of the largest manufacturers, distributors and retailers of Pakistan, was... Published 24 Apr, 2024 03:50am
More direct investment a must to boost economy: economist KARACHI: More direct investment is a must for giving the national economy a big boost, said economic and financial... Published 24 Apr, 2024 03:50am
Abu Dhabi returns to debt markets with $5bn bond sale ABU DHABI: Abu Dhabi, capital of the United Arab Emirates, on Tuesday launched $5 billion in three-part bonds as it... Published 24 Apr, 2024 03:50am
Chinese chip manufacturing team meets minister LAHORE: A delegation of chip manufacturing company of China met Provincial Minister for Industries and Commerce... Published 24 Apr, 2024 03:50am
Tajir Dost App: Aurangzeb urges business community to get registered ISLAMABAD: Finance Minister Muhammad Aurangzeb has requested the business community to register under the recently... Published 24 Apr, 2024 03:50am
Forex reserves will reach $9-10bn by June: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday Pakistan’s foreign exchange reserves would reach... Published 24 Apr, 2024 03:50am
No report of ban on Pakistani rice by Russia: REAP KARACHI: Rice Exporters Association of Pakistan (REAP) Tuesday said trade with Russia is normal and there is no... Published 24 Apr, 2024 03:50am
HBL’s Q1’24 profit up 40pc YoY to Rs30.1bn KARACHI: HBL declared a consolidated profit before tax of Rs 30.1 billion for the quarter ended March 31, 2024, 40%... Published 24 Apr, 2024 03:50am
Stable institutions with consistent policies behind uplift of global economies: speakers ISLAMABAD: Stable institutions with consistent policies have played a key role in the economic development of the... Published 24 Apr, 2024 03:50am
‘Digitise Pakistan in governance, economy, and society overall govt’s vision’ ISLAMABAD: The government’s vision is to digitise Pakistan in three verticals including governance, economy, and... Published 24 Apr, 2024 03:50am
Money & Banking Finance minister meets with BODs of Albaraka Bank, foreign shareholders to discuss economic, financial outlook of country ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday met with the Board of... Published 24 Apr, 2024 03:50am
PSX: a gong ceremony marks listing of MIIETF KARACHI: Pakistan Stock Exchange (PSX) on Tuesday held a gong ceremony to formally mark the listing of the Mahaana... Published 24 Apr, 2024 03:50am
Industry UBG hails President Raisi’s visit KARACHI: The leaders of United Business Group (UBG) S M Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, Mazher A... Published 24 Apr, 2024 03:50am
Industry PM terms CPEC-II a big opportunity for private sector ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said the second phase of China Pakistan Economic Corridor... Published 24 Apr, 2024 03:50am
Industry Export purposes: Manufacturing of 10-stick cigarette packs may result in local market sales: activists ISLAMABAD: The health activists on Tuesday apprehended that any move to allow manufacturing of 10-stick cigarette... Published 24 Apr, 2024 03:50am
Industry KGTL groundbreaking ceremony: UAE CG promises to bring in more investment KARACHI: The Consul General of United Arab Emirates (UAE) in Karachi Bakhit Atiq al-Rumithi Tuesday said UAE will... Published 24 Apr, 2024 03:50am
Industry LIIBS 7th Edition, unites stakeholders to unlock growth opportunities ISLAMABAD: The 7th Edition of Leaders In Islamabad Business Summit (LIIBS) kicked off with a full house at a local... Published 24 Apr, 2024 03:50am
Money & Banking Yen sinks to 34-year low vs dollar NEW YORK: The yen dropped to multi-year lows against the US dollar and euro on Tuesday, keeping investors on... Published 24 Apr, 2024 03:50am
Money & Banking Asian currencies tepid on stronger dollar BENGALURU: Equities in Asia extended gains on Tuesday with a jump in Singapore shares, while currencies were largely... Published 24 Apr, 2024 03:50am