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Saudi Arabia

Saudi Arabia wins bid to host 2027 Asian Cup

MANAMA: Saudi Arabia has won a bid to host the 2027 Asian Cup, the Asian Football Confederation (AFC) said on...

Published 01 Feb, 2023 07:18pm

Business & Finance

IMF lowers Saudi 2023 growth forecast to 2.6%

DUBAI: The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top...

Published 31 Jan, 2023 02:39pm

Markets

Saudi to invest $266bn in 'cleaner' energy: minister

RIYADH: Saudi Arabia plans to invest more than $266 billion to produce cleaner electricity and expand its power ...

Updated 30 Jan, 2023 11:11pm

World

Rapid credit growth has hit Saudi banks’ liquidity, says S&P

DUBAI: S&P Global Ratings said on Monday that rapid credit growth in Saudi Arabia has reduced banking liquidity...

Published 30 Jan, 2023 04:46pm

Markets

Saudi’s Al Rajhi Bank 2022 net profit rises 16% on higher operating income

DUBAI: Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 16% rise in its full-year net...

Published 30 Jan, 2023 12:12pm

Markets

Saudi Arabia may lower crude prices to Asia for 4th straight month

SINGAPORE: Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a...

Published 30 Jan, 2023 11:15am

World

Women drive fast train to Makkah as Saudi workforce evolves

JEDDAH: Driver Tharaa Ali takes her seat at the helm of a high-speed train ferrying pilgrims to Makkah, a...

Published 29 Jan, 2023 10:53am

Opinion

The Saudi snub, and after…

The prime minister’s decision to do whatever was needed to complete the 9th review of the stalled IMF programme ...

Updated 26 Jan, 2023 06:19am

Jamshoro coal-fired power plant unit: KE proposes three participation structures

ISLAMABAD: K-Electric (KE) has proposed three structures for its participation in the second unit of Jamshoro coal...

Updated 26 Jan, 2023 09:18am

World

Saudi Arabia to host world’s media leaders for major industry forum

Forum will cover the important role played by the industry in relation to social, political, and economic issues

Published 25 Jan, 2023 11:22pm

World

Saudi Arabia sees borrowing around 45bn riyals in 2023

DUBAI: Saudi Arabia, the world’s top oil exporter, expects its financing needs to be around 45 billion riyals ($12...

Published 25 Jan, 2023 07:14pm

Business & Finance

OPEC+ panel unlikely to tweak oil policy

LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ...

Published 25 Jan, 2023 06:25am

Business & Finance

Gulf economies to slow this year on sluggish oil demand

BENGALURU: Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022...

Published 24 Jan, 2023 12:19pm

Pakistan

Saudi authorities praised for reducing Umrah insurance cost

ISLAMABAD: Pakistani officials and pilgrims on Sunday praised the Saudi authorities for their efforts to make Umrah...

Published 23 Jan, 2023 05:57am

Business & Finance

Has Saudi Arabia linked lending to reforms?

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and...

Published 21 Jan, 2023 06:15am

Markets

Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge

LONDON/SINGAPORE: Russia remained China’s second-largest source of crude oil in 2022, following repeat top supplier...

Published 20 Jan, 2023 11:46am

World

Saudi camel-whisperers use ‘special language’ to train herd

RUMAH: The cries of camel herder Hamad al-Marri mean nothing to the untrained ear, but his animals respond...

Published 19 Jan, 2023 01:24pm

World

Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy

DAVOS: Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic...

Published 18 Jan, 2023 05:25pm

Markets

At Davos, Saudi Arabia says curbing oil dependency a priority

DAVOS: Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said...

Published 18 Jan, 2023 04:21pm

Pakistan

Pakistan, KSA ink agreement on Hajj arrangements

ISLAMABAD: Saudi Minister of Hajj and Umrah Dr Tawfiq bin Fawzan Al-Rabiah welcomed the Pakistani delegation led by...

Published 16 Jan, 2023 06:18am

Business & Finance

Saudi inflation edges up to 3.3% in December

DUBAI: Saudi Arabia’s annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data...

Published 15 Jan, 2023 02:24pm

Deal signed with SFD to finance oil derivatives worth $1bn

ISLAMABAD: The Saudi Fund for Development (SFD) and Pakistan, on Thursday, signed a new agreement to finance oil...

Updated 13 Jan, 2023 08:47am

‘Wish list’ ready to be presented to UAE’s leadership

ISLAMABAD: The government has reportedly prepared its “wish list” to be presented to UAE’s top brass during the...

Updated 12 Jan, 2023 12:42pm

Editorials

Foreign inflows

EDITORIAL: State news agency of Kingdom of Saudi Arabia (KSA) has reported that the KSA government could increase ...

Published 12 Jan, 2023 05:51am

Business & Finance

KSA, Pakistan likely to ink over $1bn agreement in oil sector

ISLAMABAD: Pakistan and Kingdom of Saudi Arabia (KSA) are likely to ink an agreement of over US one billion dollars...

Published 12 Jan, 2023 05:51am

Sports

Al Nassr say Ronaldo has no clause in contract to support Saudi World Cup bid

Saudi Arabian club Al Nassr have denied reports that Cristiano Ronaldo has a clause in his contract where the...

Published 11 Jan, 2023 01:34pm

Markets

16th successive decline: rupee dips further against US dollar

Currency loses Re0.05 to close at 227.93 in inter-bank market

Updated 11 Jan, 2023 06:52pm

KSA says could boost investments to $10bn

DUBAI: The Kingdom of Saudi Arabia (KSA) said it could increase its investments in the cash-strapped Pakistan...

Updated 11 Jan, 2023 08:57am

Pakistan

MBS directs to study augmenting Saudi Arabia’s investments in Pakistan to reach $10bn: SPA

Saudi Development Fund (SDF) also directed to study increasing amount of the deposit in favour of the SBP to hit $5bn ceiling

Updated 10 Jan, 2023 04:20pm

Pakistan

COAS, MBS agree to bolster defence cooperation

ISLAMABAD Chief of Army Staff (COAS) General Asim Munir met Saudi Crown Prince and Prime Minister Mohammad bin...

Updated 10 Jan, 2023 08:53am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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