Companies CCP approves 40% acquisition of GO Pakistan by Aramco The Competition Commission of Pakistan (CCP) has approved a 40% equity stake acquisition in Gas & Oil Pakistan... Published 29 Apr, 2024 08:45pm
Companies KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+ In what the company called a “celebratory limited-time offer”, Lucky Motor Corporation on Monday announced a massive... Published 29 Apr, 2024 07:36pm
Companies NBP’s profit falls 13%, clocks in at Rs9.8bn in 1QCY24 National Bank of Pakistan (NBP), one of the country’s largest commercial banks, registered a profit-after-tax (PAT)... Published 29 Apr, 2024 05:39pm
Middle East Abu Dhabi developer Aldar posts 88% Q1 profit leap, optimistic on Egypt DUBAI: Abu Dhabi’s biggest developer, Aldar Properties plans to speed development activity across its markets and is... Published 29 Apr, 2024 05:32pm
Stocks ICICI Bank powers best session for India’s blue-chips in eight weeks BENGALURU: Indian shares rose on Monday as gains in the country’s no.2 private lender ICICI Bank on... Published 29 Apr, 2024 04:58pm
Stocks Sri Lanka shares end higher as consumer staples, industrials rise Sri Lankan shares closed higher on Monday, aided by consumer staples and industrials stocks. The CSE All-Share index... Published 29 Apr, 2024 04:54pm
Commodities Copper hits two-year high, buoyed by BHP bid for Anglo LONDON: Copper prices soared to two-year highs on Monday, driven by supply concerns highlighted by BHP Group’s bid... Published 29 Apr, 2024 04:51pm
Commodities Palm oil extends gains for 2nd session but higher output estimates cap rise KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Monday, underpinned by strength in... Published 29 Apr, 2024 04:48pm
Business & Economy 7th straight status quo: SBP holds key interest rate at 22% Upcoming budgetary measures may have implications for the near-term inflation outlook, Monetary Policy Committee says in press release Updated 29 Apr, 2024 09:53pm
Real Estate Chakor Ventures unveils 60-40 payment model for Citadel 7 Project Chakor Ventures, a leading name in Pakistan’s real estate industry, is proud to introduce an unprecedented payment... Published 29 Apr, 2024 03:26pm
Stocks Most Gulf markets up in early trade; Fed decision in focus Most stock markets in the Gulf were up in early trade on Monday on strong corporate earnings while investors keenly... Published 29 Apr, 2024 03:11pm
Commodities Algeria tenders for 160,000 T corn and 70,000 T soymeal HAMBURG: Algerian state agency ONAB has issued international tenders to purchase up to 160,000 metric tons of animal... Published 29 Apr, 2024 03:05pm
Energy Saudi Arabia may raise prices for most oil grades to Asia for June SINGAPORE: Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to... Published 29 Apr, 2024 03:02pm
Commodities Gold price per tola decreases Rs500 in Pakistan Gold prices decreased in Pakistan on Monday in line with the decline in the international rate. In the local market,... Published 29 Apr, 2024 02:59pm
Forex Ugandan shilling stable, draws support from commodity exports KAMPALA: The Ugandan shilling was unchanged on Monday, as dollar inflows from exporters of commodities like coffee... Published 29 Apr, 2024 02:46pm
Stocks KSE-100 falls 1.44% in anticipation of monetary policy announcement Benchmark index plunges nearly 1,050 points as market remained divided over SBP's monetary policy announcement Updated 29 Apr, 2024 09:40pm
Forex South African rand firms ahead of local economic data, FOMC JOHANNESBURG: South Africa’s rand firmed early on Monday ahead of local economic data releases and the Federal... Published 29 Apr, 2024 01:36pm
Stocks FTSE 100 continues record run boosted by Anglo American, AstraZeneca Britain’s FTSE 100 extended a record rally on Monday, driven by gains in Anglo American after a report said BHP... Published 29 Apr, 2024 01:35pm
Stocks European shares touch two-week high; inflation data, Fed policy in focus European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting... Published 29 Apr, 2024 01:30pm
Mutual Funds Euro zone government bond yields edge down ahead of inflation data, Fed Euro zone government bond yields edged down on Monday, with investors cautious ahead of the Federal Reserve policy... Published 29 Apr, 2024 01:28pm
Companies Indus Motor Company’s profit jumps 38%, amounts to Rs4.45bn in Jan-Mar Indus Motor Company (IMC) reported on Monday a profit of Rs4.45 billion for the three-month ended March 31, 2024, an... Updated 29 Apr, 2024 09:25pm
Energy Shell earns $1 billion a year from US crude trading, court filing shows HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held... Published 29 Apr, 2024 12:50pm
Energy Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection The Board of Directors of Mari Petroleum Company Limited (MARI) has approved an investment of up to Rs2.5 billion by... Updated 29 Apr, 2024 09:40pm
Commodities Copper trends higher on tight supply; BHP-Anglo American deal in focus BEIJING: Prices of copper opened the week higher on Monday, driven by dwindling raw material supply and investors’... Published 29 Apr, 2024 11:19am
Stocks Asia shares rise as Fed looms large; yen crumbles below key level SINGAPORE: Asian stocks got off to a positive start on Monday ahead of the Federal Reserve’s policy meeting later in... Published 29 Apr, 2024 11:15am
Forex Australia, NZ dollars jump to decade-highs against weakened yen SYDNEY: The Australian and New Zealand dollars climbed to their highest in more than a decade against the weakened... Published 29 Apr, 2024 11:03am
Thai March exports fell 10.9% y/y, below forecast BANGKOK: Thailand’s customs-based exports fell 10.9% in March from a year earlier, the commerce ministry said on... Published 29 Apr, 2024 11:00am
Commodities Palm oil opens higher ahead of Malaysia exports estimates KUALA LUMPUR: Malaysian palm oil futures opened higher on Monday, supported by firmer rival Dalian contracts and... Published 29 Apr, 2024 10:58am
Bullion Rate Gold retreats as dampened Fed rate cut hopes dent appeal Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the... Published 29 Apr, 2024 10:42am
Commodities Wheat slips from 4-month high as adverse weather threatens supply CANBERRA: Chicago wheat futures fell on Monday but remained near four-month highs after concerns that adverse... Published 29 Apr, 2024 10:39am
Stocks Indian shares open higher led by financials BENGALURU: Indian shares opened higher on Monday, supported by financials after post-results gains in SBI Life... Published 29 Apr, 2024 10:37am
Forex China’s yuan stutters near 5-month low after weaker PBOC fixing SHANGHAI: China’s yuan hovered near a five-month low against the dollar on Monday after the central bank set the... Published 29 Apr, 2024 10:35am
Baidu, Tesla agree on mapping deal for FSD in China, sources say BEIJING: Baidu, China’s major internet search company, reached an agreement with Tesla to grant the car company... Published 29 Apr, 2024 10:30am
Mutual Funds Indian bond yields reverse early dip on profit booking, with Fed in focus MUMBAI: Indian government bond yields turned higher after an early dip on Monday, as traders booked profit after a... Published 29 Apr, 2024 10:18am
Stocks China, HK stocks rise, led by property shares SHANGHAI: China and Hong Kong stocks rose on Monday, led by real estate shares, as some major cities relaxed home... Published 29 Apr, 2024 10:16am
Forex Indian rupee declines on weakness in Asian peers, foreign banks’ dollar buys MUMBAI: The Indian rupee weakened on Monday pressured by dollar demand from foreign banks and weakness in Asian... Published 29 Apr, 2024 10:10am
Stocks Australian shares rise on banks, IT boost; Fed policy meet on tap Australian shares climbed higher on Monday, lifted by banks and information technology stocks, as traders assessed... Published 29 Apr, 2024 10:05am
Exchange Rupee remains largely unchanged against US dollar Currency settles at 278.40 in interbank market Updated 29 Apr, 2024 06:35pm
Commodities Vietnam Jan-Apr rice exports up 11.7% y/y to 3.23mn T, Stats Office says HANOI: Vietnam exported 3.23 million metric tons of rice in the first four months of this year, up 11.7% from a year... Published 29 Apr, 2024 09:59am
Commodities Vietnam Jan-Apr coffee exports up 5.4% y/y to 756,000 T, stats office says HANOI: Vietnam exported 756,000 metric tons of coffee in the first four months of this year, up 5.4% from a year... Published 29 Apr, 2024 09:57am
Forex Yen trips past 160-per-dollar to April 1990 lows SINGAPORE: The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in... Published 29 Apr, 2024 09:56am
Energy Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes Oil prices dipped on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict,... Updated 29 Apr, 2024 06:30pm
ECO summit unanimously adopts Pakistan’s suggestions SHAHRISABZ, (Uzbekistan): The Economic Cooperation Organization (ECO), during its summit held yesterday, unanimously... Published 29 Apr, 2024 04:49am
Interest Rates Fed to meet amid dwindling hopes of summer rate cuts WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as... Updated 29 Apr, 2024 09:20am
Energy Saudi Arabia’s Vision 2030 projects to be adjusted as needed, finmin says RIYADH/DUBAI: Saudi Arabia, the world’s top oil exporter, will adjust its Vision 2030 plan to transform its ... Published 29 Apr, 2024 04:49am
Taxes FTO advisor vows to redress taxpayers’ grievances PESHAWAR: Sardar Ali Khwaja, Advisor to the Federal Tax Ombudsman (FTO) in Peshawar, reaffirmed the institution’s... Published 29 Apr, 2024 04:49am
‘Tashkent International Investment Forum’ will begin on May 2 ISLAMABAD: The third two-day, ‘Tashkent International Investment Forum” (TIIF) will be held on May 2-3, this ... Published 29 Apr, 2024 04:49am
Industry PPMA chairman speaks of ‘critical’ challenges facing country’s pharma sector KARACHI: Pakistan Pharmaceutical Manufacturers Association (PPMA) Chairman Mian Khalid Misbah-ur-Rehman highlighted... Published 29 Apr, 2024 04:49am
Industry SRO 350(I)/2024: LCCI urges PM to help stop implementation LAHORE: The Lahore Chamber of Commerce and Industry on Saturday appealed to Prime Minister Shahbaz Sharif to... Published 29 Apr, 2024 04:49am
Money & Banking Pakistani banks should set up branches in Addis Ababa: envoy FAISALABAD: Pakistani banks should establish their branches in Addis Ababa to handle business related transactions,... Published 29 Apr, 2024 04:49am
Money & Banking Religious scholar throws lights on importance of Islamic banking system HYDERABAD: Mufti Shaikh Sufyan, Shariah scholar, Faisal Bank Hyderabad said that interest is a declaration of war... Published 29 Apr, 2024 04:49am
Money & Banking Yuan near five-month low against dollar HONG KONG: China’s yuan hovered near a five-month low against the dollar and traded a whisker away from its daily... Published 29 Apr, 2024 04:49am
Money & Banking Indian rupee ends little changed MUMBAI: The Indian rupee closed little changed on Friday but logged its strongest week-on-week rise in nearly three... Published 29 Apr, 2024 04:49am
Germany nudges up growth forecast, ailing economy at ‘turning point’ FRANKFURT: The German government slightly increased its 2024 growth forecast Wednesday, saying there were signs... Published 29 Apr, 2024 04:49am
Money & Banking Global Basel Committee bolsters rules for supervising banks LONDON: The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting... Published 29 Apr, 2024 04:49am