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Treasury Department

Tesla expects reduced tax credit for Model 3 by March-end

Tesla Inc said on Wednesday a $7,500 tax credit in place since January will be reduced for its Model 3 ear-wheel...

Published 30 Mar, 2023 11:06am

Markets

US regulator sells failed Signature Bank assets to another lender

SAN FRANCISCO: The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to...

Published 20 Mar, 2023 12:04pm

Markets

Does the cryptocurrency crash pose a threat to the financial system?

WASHINGTON: On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies...

Updated 11 May, 2022 01:37pm

World

Obama returns to White House to tout healthcare law with Biden

WASHINGTON: Former President Barack Obama will return to the White House on Tuesday for the first time since leaving...

Published 05 Apr, 2022 03:02pm

Markets

U.S. stops Russian bond payments in bid to raise pressure on Moscow

NEW YORK/WASHINGTON: The United States stopped the Russian government on Monday from paying holders of its sovereign...

Published 05 Apr, 2022 12:48pm

Business & Finance

Biden orders government to study digital dollar, other cryptocurrency risks

WASHINGTON: US President Joe Biden will sign an executive order on Wednesday requiring the government to assess the...

Published 09 Mar, 2022 04:27pm

Business & Finance

US bans transactions with Russian central bank

WASHINGTON: The United States on Monday banned all US transactions with Russia's central bank effective immediately,...

Published 28 Feb, 2022 06:53pm

World

US imposes sanctions on North Koreans, Russian, after missile tests

WASHINGTON: The United States on Wednesday imposed sanctions on six North Koreans, one Russian and a Russian firm it...

Published 12 Jan, 2022 09:49pm

Business & Finance

Yellen's watchlist for the US currency manipulator tag

Treasury Secretary Janet Yellen's second foreign exchange report, yet to be released, risks labeling some US trading...

Published 01 Dec, 2021 12:16pm

Markets

Wall Street surges as worries over debt ceiling subside

NEW YORK: US stocks climbed on Thursday in a broad-based rally led by heavyweight technology stocks, after a...

Published 08 Oct, 2021 04:30am

World

US Congress back for frantic autumn with Biden agenda at stake

Avoiding a government shutdown is also at the top of the agenda, alongside dodging a catastrophic credit default, which may be the largest of the looming deadlines

Published 19 Sep, 2021 10:47am

World

US sanctions Eritrean army chief over rights abuses in Tigray

WASHINGTON: The United States imposed sanctions Monday on Eritrea's army chief over abuses including massacres and...

Published 24 Aug, 2021 05:02am

Markets

Yields dip as investors buy bonds for month-end

"Right now it's month-end rebalancing," said Ian Lyngen, head of US rates strategy at BMO Capital Markets in New York, noting the next major market catalyst will be next Friday's jobs report for April.
The yields fell back down in the afternoon, however, and are now trading in the middle of their recent range.

Published 30 Apr, 2021 08:46pm

Business & Finance

PIMCO warns of an ‘inflation head fake’ in 2021

NEW YORK: Bond giant PIMCO’s quarterly outlook published on Tuesday warned that market volatility could rise this...

Published 31 Mar, 2021 05:42am

Markets

Yields spike after weak seven-year auction

A short burst of selling on Thursday morning was also seen with a brief spike in trading volumes in long-dated Treasury futures, while the five-year, 30-year Treasury yield curve steepened relatively sharply.

Published 26 Mar, 2021 11:19am

World

US slaps sanctions on Russia security chief over Navalny

WASHINGTON: The United States on Tuesday imposed sanctions on the director of Russia’s FSB security agency after...

Updated 03 Mar, 2021 09:37am

Business & Finance

US Senate confirms Yellen as first female Treasury secretary

Biden is having to push Congress for funding while simultaneously getting his government confirmed -- Pentagon chief Lloyd Austin won Senate approval Friday -- and bracing for turmoil from Trump's impeachment trial.

Published 26 Jan, 2021 11:03am

World

Yellen vote in US Senate committee to test support for Biden economic plan

Yellen, who would be the first woman to head Treasury after breaking that same barrier as Federal Reserve chair from 2014 to 2018.
Republican Senator Pat Toomey, a longtime fiscal hawk, said at Yellen's hearing: "We're looking at another spending blowout."

Published 22 Jan, 2021 05:00pm

Markets

Yellen to tell lawmakers ‘act big’ on coronavirus relief

The plan calls for bold investment to jump-start the economy and accelerate the distribution of vaccines to bring the virus under control.
We think it more likely that Yellen tries to nudge the USD weaker over the medium term

Published 19 Jan, 2021 07:08pm

Business & Finance

US Treasury overhauls stake in Fannie, Freddie with eye towards government exit

Government officials also acknowledged that a number of complicated issues must still be resolved by the incoming Biden administration.

Published 15 Jan, 2021 12:29pm

World

Trump administration takes final swipes at China and its companies

Executives of state-owned enterprises, officials of the Chinese Communist Party and military, along with oil giant CNOOC will face new restrictions for allegedly using coercion against states with rival South China Sea claims.

Published 15 Jan, 2021 10:07am

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	156.17
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 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
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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