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China’s defence stocks advance after Pakistan-India tensions: Bloomberg report

Shares of Chinese defense-manufacturing companies rallied on Wednesday, as the escalation in border tensions between...

Published 07 May, 2025 07:33pm

World

Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, Bloomberg News reports

Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy...

Published 11 Apr, 2025 08:15pm

Business & Finance

HSBC mulls outsourcing some fixed income trading: Bloomberg

LONDON: HSBC is considering outsourcing some of its fixed income trading order flow to a third-party firm, Bloomberg...

Published 26 Mar, 2025 08:03am

Markets

Pakistan expected to clear first review of $7bn IMF programme: Bloomberg

Pakistan is “likely to pass” the ongoing first review of its $7 billion Extended Fund Facility (EFF) programme with...

Updated 05 Mar, 2025 07:57pm

World

Bloomberg to fund UN climate body after US withdrawal

WASHINGTON: Billionaire entrepreneur Michael Bloomberg announced on Thursday that his foundation will step in to ...

Published 24 Jan, 2025 06:26am

Business & Finance

Walmart to Gulf Royals: world’s richest add $2trn to their wealth in 2024

The owners of US retail chain Walmart – The Walton family – topped Bloomberg’s annual ranking of the world’s...

Published 16 Dec, 2024 04:58pm

Markets

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

Business & Finance

Adani Energy mulls borrowing up to $600m from banks: Bloomberg

BENGALURU: India’s Adani Energy Solutions is looking to borrow as much as $600 million to fund smart meter ...

Published 30 Mar, 2024 05:15am

Aurangzeb’s appointment a positive step: Bloomberg

ISLAMABAD: The appointment of Muhammad Aurangzeb as Pakistan’s finance minister is a positive step to steer the...

Updated 13 Mar, 2024 12:24pm

Business & Finance

Disney and India’s Reliance agree merger

NEW DELHI: India’s Reliance Industries has signed a “binding pact” for a merger deal with Walt Disney’s local unit,...

Published 26 Feb, 2024 12:19pm

Pakistan

Bloomberg survey says jailed ex-PM Imran Khan favoured most to run Pakistan’s economy

Twelve respondents, not named in the survey, were asked to rate four politicians from 1 to 5 on question of who is best to manage Pakistan's economy with 5 being the most positive

Updated 31 Jan, 2024 10:37pm

Business & Finance

Disney in talks with Adani, Sun TV to sell India assets

BENGALURU: Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as...

Published 06 Oct, 2023 05:02pm

Markets

Pakistan likely to avert default this year after last-minute IMF deal: Bloomberg

Dollar funds could rise up to $9.5 billion on account of inflows from the IMF and friendly nations, but a new programme will be needed, says report

Updated 01 Jul, 2023 07:26pm

Markets

Pakistan keen on paying for Russian crude with Chinese Yuan: report

Facing a growing energy crunch, Pakistan is keen to secure a long-term deal to buy Russian crude in Chinese...

Updated 10 May, 2023 05:40pm

Markets

Govt to address IMF concerns on petroleum subsidy scheme, says Musadik

Minister of State for Petroleum Musadik Malik on Tuesday said that the government remains committed to addressing...

Updated 09 May, 2023 05:12pm

Pakistan

Moody’s warns Pakistan could default without IMF bailout: report

Pakistan’s financing options beyond June are highly uncertain, says analyst with ratings agency

Updated 09 May, 2023 09:39pm

Pakistan

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

As stakeholders contest short-term power, Pakistan's long-term future is in jeopardy, says Pakistan Business Council

Updated 22 Mar, 2023 04:44pm

Business & Finance

Meta plans to cut thousands of jobs as soon as this week

Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News...

Updated 07 Mar, 2023 09:10pm

Business & Finance

Bank of America plans job cuts in its investment bank

Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would add...

Published 16 Feb, 2023 09:40pm

Markets

In Bloomberg interview, Imran says will back continued role of IMF if he wins election

Says will reappoint Shaukat Tarin as finance minister

Updated 25 Jan, 2023 04:55pm

Markets

Dalda Foods plans to raise as much as Rs4.6bn through IPO: report

At Rs4.6 billion, Dalda’s IPO would be Pakistan’s largest by a consumer staple company, according to the report

Updated 23 Jan, 2023 10:29pm

Pakistan may dodge default in next 6 months: Bloomberg

ISLAMABAD: Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated...

Updated 10 Jan, 2023 08:54am

Pakistan

Pakistan likely to dodge default in next 6 months, but troubles not over: Bloomberg

Report says investors are now worried about a big dollar debt repayment in April 2024, and pricing those bonds at a distressed level

Updated 09 Jan, 2023 06:39pm

Bloomberg has no interest in acquiring Dow Jones or Washington Post

NEW YORK: Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P....

Updated 26 Dec, 2022 10:27am

Business & Finance

Bloomberg eyes Dow Jones or Washington Post acquisition

NEW YORK: Michael Bloomberg has not reached out to Rupert Murdoch to discuss a possible acquisition of Dow Jones ...

Published 24 Dec, 2022 06:13am

Business & Finance

Alibaba co-founder Joseph Tsai to reduce stake in company

Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the...

Published 16 Dec, 2022 06:13pm

Business & Finance

Unilever mulls $3bn sale of some US ice cream brands

NEW YORK: British consumer goods giant Unilever is considering the sale of a portfolio of US ice cream brands such ...

Published 12 Dec, 2022 06:07am

Modi to skip annual summit with Putin

NEW DELHI: Indian Prime Minister Narendra Modi will not hold an annual in-person summit with Russian President...

Published 10 Dec, 2022 06:32am

World

No Modi-Putin summit this year after they met in September: Indian govt source

NEW DELHI: Indian Prime Minister Narendra Modi and Russian President Vladimir Putin will not hold an annual...

Published 09 Dec, 2022 07:53pm

Markets

Saudi oil minister says OPEC+ remains cautious on production

Saudi Arabia’s energy minister said OPEC+ will remain cautious on oil production, noting that members saw...

Published 11 Nov, 2022 09:30pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Petrol/Litre / May 12	252.63
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Diesel/Litre / May 12	256.64
Cotton US¢/pound / May 12	67.45

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.30 ▲ 0.7 (26.92%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	2.96 ▲ 0.59 (24.89%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.86 ▲ 0.35 (23.18%)
Chenab Ltd (Pref) / May 12 Chenab Limited (Pref)(CLCPS)	2.50 ▲ 0.45 (21.95%)
Cres.Star Ins. / May 12 Crescent Star Insurance Limited(CSIL)	2.74 ▲ 0.48 (21.24%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
Colony Tex.Mills Ltd / May 12 Colony Textile Mills Limited(CTM)	3.58 ▲ 0.58 (19.33%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.21 ▲ 0.79 (17.87%)
Chenab Ltd / May 12 Chenab Limited(CHBL)	5.90 ▲ 0.89 (17.76%)

Stock	Price
Suraj Cotton / May 12 Suraj Cotton Mills Limited(SURC)	112 ▼ -11.14 (-9.05%)
F.Credit & Inv / May 12 First Credit and Investment Bank Limited(FCIBL)	7.02 ▼ -0.69 (-8.95%)
National Silk / May 12 The National Silk & Rayon Mills Limited(NSRM)	38.55 ▼ -3.5 (-8.32%)
First Elite Cap.Mod / May 12 First Elite Capital Modaraba(FECM)	17.21 ▼ -1.23 (-6.67%)
Khairpur Sug. / May 12 Khairpur Sugar Mills Limited(KPUS)	112.01 ▼ -7.99 (-6.66%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	42.48 ▼ -2.39 (-5.33%)
The Thal Ind.Corp. / May 12 The Thal Industries Corporation Limited(TICL)	305 ▼ -16.01 (-4.99%)
Int. Knit. / May 12 International Knitwear Limited(INKL)	14.12 ▼ -0.53 (-3.62%)
Idrees Tex. / May 12 Idrees Textile Mills Limited(IDRT)	16.50 ▼ -0.56 (-3.28%)
AN Textile Mill / May 12 AN Textile Mills Limited(ANTM)	9.02 ▼ -0.25 (-2.7%)

Stock	Volume
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	59,407,736 ▲ 1.05
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	58,013,291 ▲ 0.47
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	52,720,883 ▲ 0.16
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	31,285,765 ▲ 1
Power Cement / May 12 Power Cement Limited(POWER)	31,138,988 ▲ 1.13
B.O.Punjab / May 12 The Bank of Punjab(BOP)	24,502,322 ▲ 0.96
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	20,043,120 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	16,834,695 ▲ 11.02
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	12,647,761 ▲ 1
Pak Elektron / May 12 Pak Elektron Limited(PAEL)	11,659,251 ▲ 4.02

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