Gulf bourses end mixed ahead of Fed meeting DUBAI: Stock markets in the Gulf ended mixed on Wednesday, ahead of a potentially large interest rate hike by the US... Published 16 Jun, 2022 06:03am
Business & Finance Fed hikes rates by 0.75 percentage point, flags slowing economy WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday... Published 15 Jun, 2022 11:28pm
Business & Finance Canadian dollar weakens 0.6pc TORONTO: The Canadian dollar fell to its lowest level in nearly three weeks against its broadly stronger US... Published 14 Jun, 2022 05:56am
Print Resurging US inflation puts Fed on track for more big rate hikes WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue... Published 13 Jun, 2022 06:19am
Budget 2022-23 FED on cigarettes and air travel enhanced ISLAMABAD: The Federal Board of Revenue (FBR) has raised the Federal Excise Duty (FED) on cigarettes and air travel... Published 11 Jun, 2022 06:41am
Print Mobile phones’ import: New levy of up to Rs16,000 proposed ISLAMABAD: A new levy of up to Rs16,000 has been proposed on the import of mobile phone handsets and increased... Published 11 Jun, 2022 06:41am
Business & Finance Economic Survey: Indirect taxes account for 60pc of FBR’s total collection ISLAMABAD: The indirect taxes (sales tax, customs duty, and Federal Excise Duty) contribution is over 60 percent of... Published 10 Jun, 2022 06:16am
Markets US yields rise to 2-week highs after solid payrolls data NEW YORK: US Treasury yields rose to two-week highs on Friday after data showed the world’s largest economy ... Published 06 Jun, 2022 05:57am
Business & Finance Govt considering imposing Rs300 FED on tobacco at GLT stage ISLAMABAD: The government is considering a budget proposal of the documented tobacco industry to impose Rs300 ... Published 04 Jun, 2022 04:18am
Pakistan Speakers at seminar underscore need for raising FED on sugar-sweetened beverages KARACHI: A pre-budget seminar “Importance of fiscal policies to curb sugar sweet beverages” organized by ... Published 03 Jun, 2022 05:56am
Business & Finance Dollar resumes slide as stock markets tentatively pick up LONDON: The US dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, ... Published 31 May, 2022 05:11am
Business & Finance Dollar heads for weekly drop as traders pare Fed rate hike views NEW YORK: The dollar edged lower and was on track for its second-straight weekly decline as traders pared... Published 28 May, 2022 05:11am
Markets European shares lifted by banks, commodity stocks ahead of Fed LONDON: European shares rose on Wednesday, lifted by resource-linked stocks and banks, with investors watching for... Published 26 May, 2022 05:26am
Business & Finance Canadian dollar hits 6-day low TORONTO: The Canadian dollar weakened to its lowest level in nearly one week against its US counterpart on Wednesday... Published 26 May, 2022 05:26am
Markets Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive ‘Fed put’ NEW YORK: The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in... Published 23 May, 2022 06:15am
Opinion Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become ... Published 06 May, 2022 05:03am
Print Wall Street tumbles on fear Fed may need bigger rate hike NEW YORK: Wall Street’s main indexes tumbled on Thursday as investors fretted the Federal Reserve’s rate hike... Published 06 May, 2022 05:03am
Print Cigarettes, beverages: FBR asked to increase FED rates thru FY23 budget ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed to the Federal Board of Revenue (FBR) to substantially raise... Updated 06 May, 2022 10:14am
Markets European stocks waver at open before Fed LONDON: European stocks wavered in opening deals on Wednesday, with the inflation-fighting Federal Reserve widely... Published 04 May, 2022 12:43pm
Business & Finance Dollar approaches 20-year highs, Fed meeting in focus NEW YORK: The dollar held just below a 20-year high against a basket of currencies on Monday before an expected... Published 03 May, 2022 03:47am
Business & Finance US banks see upheaval from Fed shift, Russia challenging economy NEW YORK: Large US banks released a deluge of mixed earnings Thursday, pointing to the continued strength of US... Published 18 Apr, 2022 07:06am
Business & Finance Govt urged to tame budget deficit by hiking tobacco taxes ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) here on Friday organised a session with... Published 18 Apr, 2022 05:30am
Opinion Aggressive Fed balance sheet runoff could jolt flattened yield curve Investors are gauging whether comparatively quick balance sheet reduction by the Federal Reserve could perk up the... Published 08 Apr, 2022 05:28am
Business & Finance US Treasury yields jump on tighter Fed policy expectations NEW YORK: US Treasury yields rose on Friday, with the benchmark 10-year note surging to nearly three-year highs, as... Published 28 Mar, 2022 05:29am
Business & Finance Yuan firms, but hawkish Fed, capital outflows haunt Chinese assets SHANGHAI: The yuan firmed against the dollar on Friday, recouping lost ground for the week, though the Chinese... Published 28 Mar, 2022 05:29am
Markets Asia stocks gain on China stimulus hopes; Fed in focus BANGKOK: Emerging Asia’s stocks and currencies rose on Wednesday, driven by hopes of more economic stimulus in... Published 17 Mar, 2022 04:53am
Markets Australian shares end higher as tech, banks gain; Fed outcome in focus SYDNEY: Australian shares closed higher on Wednesday, led by technology and healthcare stocks, as investors globally... Published 17 Mar, 2022 04:53am
Business & Finance Australia, NZ dollars on edge for uber-hawkish Fed SYDNEY: The Australian and New Zealand dollars were still smarting from recent losses on Wednesday amid worries ... Published 17 Mar, 2022 04:53am
Business & Finance IMC declares Rs10.18bn PAT for first half of FY22 KARACHI: The Board of Directors of Indus Motor Company (IMC) met on February 24, 2022 to review, evaluate and... Published 26 Feb, 2022 04:37am
Business & Finance NBP says 'fully committed to satisfying US regulators' expectations' after over $55mn fine In notice to PSX, bank says penalties 'focused on historical compliance program weaknesses and delays in making compliance-related enhancements' Published 25 Feb, 2022 03:57pm