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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

Markets

Goldman Sachs sees Fed rates peaking at 5% in March

Goldman Sachs Group Inc’s economists said the US Federal Reserve could bump up interest rates to as high as 5% by...

Published 30 Oct, 2022 01:16pm

Business & Finance

Adobe nearing $15bn deal to buy online design firm Figma

Photoshop maker Adobe Inc is nearing a deal to buy online design startup Figma, Bloomberg News reported on Thursday,...

Published 15 Sep, 2022 05:47pm

Technology

Apple plans to cut iPhone 14 production lag between China, India: report

Apple Inc plans to start making the iPhone 14 in India about two months after its release out of China, in a move...

Published 23 Aug, 2022 02:04pm

Business & Finance

Credit Suisse top shareholder asks for investment bank overhaul

Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment...

Published 19 Aug, 2022 06:13pm

Business & Finance

Credit Suisse mulls cutting thousands of jobs globally, report says

Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday,...

Published 04 Aug, 2022 05:25pm

Pakistan

SBP says concerns about Pakistan 'unfairly overblown'

Acting Governor Dr Murtaza Syed says country being unfairly branded with other countries that are much more vulnerable

Updated 22 Jul, 2022 05:20pm

World

Fed’s Bostic says can do ‘maybe two, maybe three’ half point hikes, then assess

WASHINGTON: The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings...

Published 09 May, 2022 06:22pm

World

India wants to be friends with West but needs Russian help to defend borders, says Finance Minister

MUMBAI: India wants to be strong friends with the "liberal world" but it needs Russia's assistance to defend its...

Updated 23 Apr, 2022 06:10pm

Business & Finance

Engagement with IMF ‘remains strong’, says Dr Baqir

State Bank of Pakistan governor says goal is to complete the work that is necessary to draw the remaining $3 billion from the Washington-based lender

Updated 11 Apr, 2022 05:38pm

Technology

Apple mulls more memory chip suppliers, including China: Bloomberg News

Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese...

Published 31 Mar, 2022 01:27pm

Business & Finance

Toyota overcomes chip shortage to beat Q3 net profit forecast

TOKYO: Toyota on Wednesday posted a forecast-beating net profit of $6.8 billion for the three months to December,...

Updated 09 Feb, 2022 12:26pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.46 ▲ 0.54 (13.78%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.67 ▲ 0.48 (11.46%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)
AEL Textile / Dec 11 AEL Textile Limited(AEL)	26.50 ▲ 1.85 (7.51%)
Burshane LPG / Dec 11 Burshane LPG (Pakistan) Limited(BPL)	22.47 ▲ 1.57 (7.51%)
Ghandhara Tyre / Dec 11 Ghandhara Tyre & Rubber Company Limited(GTYR)	44.69 ▲ 3.12 (7.51%)
National Silk / Dec 11 The National Silk & Rayon Mills Limited(NSRM)	35.09 ▲ 2.45 (7.51%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.93 ▼ -0.81 (-14.11%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
LSE Ventures / Dec 11 LSE Ventures Limited(LSEVL)	5 ▼ -0.49 (-8.93%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Olympia Mills / Dec 11 Olympia Mills Limited(OML)	14.80 ▼ -1.20 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.36 ▼ -0.44 (-6.47%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.17
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.06
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.33
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.48
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	53,850,000 ▲ 0.61
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.21
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.12
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	34,360,500 ▲ 0.39
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.03
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	32,514,261 ▼ -1.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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