Companies Wilmar Pakistan, three others get CCP’s nod to acquire 23.20% stake in Unity Foods The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 23.20% shareholding in... Published 22 Apr, 2024 09:19pm
Companies SSGC disconnects gas supplies to Pakistan Steel Mills Housing colony The Sui Southern Gas Company (SSGC) has disconnected gas supplies to Pakistan Steel Mills (PSM) Housing colony due... Published 22 Apr, 2024 08:26pm
Exchange Highest in nearly 3 years: Pakistan’s REER index surges to 104.07 in March 2024 Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of... Published 22 Apr, 2024 06:28pm
Business & Economy Pakistan’s current account posts surplus of $619mn in March Monthly surplus highest after nine years, and the third highest in Pakistan's history Updated 22 Apr, 2024 10:23pm
Business & Economy Aurangzeb pitches Pakistan’s ‘competitive advantages’ in meeting with UAE businesses Federal Minister for Finance Muhammad Aurangzeb urged UAE businesses to enhance investment activity in Pakistan as... Updated 22 Apr, 2024 10:15pm
Business & Economy Aurangzeb says IMF ‘very receptive’ in agreeing to ‘larger, longer programme’: report Federal Minister for Finance Muhammad Aurangzeb has said Pakistan is on track to secure a new deal with the... Published 22 Apr, 2024 03:39pm
Stocks Indian shares join global rebound as Middle East worries ease BENGALURU: Indian shares closed higher on Monday, tracking a rebound in global markets due to easing worries over... Published 22 Apr, 2024 03:28pm
Commodities Palm oil snaps six-day losing streak on soyoil strength SINGAPORE: Malaysian palm oil futures rebounded on Monday to snap a six-day decline to track higher soyoil prices,... Published 22 Apr, 2024 03:24pm
Companies EPCL suffers loss of Rs901mn in three months of 2024 Engro Polymers and Chemicals Limited (EPCL), a subsidiary of Engro Corporation Limited, sustained losses to the tune... Published 22 Apr, 2024 02:52pm
Energy PPL sees significant boost in oil & gas production Pakistan Petroleum Limited (PPL) has registered a significant increase in hydrocarbon production from its wells... Updated 22 Apr, 2024 04:06pm
Energy First oil discovery made in Mari D&PL Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has discovered... Published 22 Apr, 2024 02:49pm
Currency Sterling gains some traction after drop below $1.24 LONDON: The pound held steady against the dollar and nudged up against the euro on Monday, after hitting its weakest... Published 22 Apr, 2024 02:48pm
Currency South African rand slips in early trade JOHANNESBURG: South Africa’s rand weakened slightly in early trade on Monday, as markets calmed after a week of... Published 22 Apr, 2024 02:45pm
Stocks Most Gulf markets gain on easing geopolitical tensions Most major stock markets in the Gulf rose in early trade on Monday, on course to recover some recent losses, as... Published 22 Apr, 2024 02:31pm
Bullion Rate Retreat from record high: gold price per tola falls Rs3,500 in Pakistan Gold rates eased in the local and international markets on Monday as the yellow metal retreated from its record... Updated 22 Apr, 2024 10:25pm
Stocks London shares rebound as fears of wider Middle East conflict ebb London stocks gained 1% on Monday, following last week’s sharp selloff, as fears of the Middle East crisis... Published 22 Apr, 2024 02:29pm
Stocks Europe’s STOXX edges higher with bank earnings in focus; Galp glows European shares edged higher on Monday with investors bracing for earnings reports from several big banks later in... Published 22 Apr, 2024 02:26pm
Stocks In a first, KSE-100 shoots past 71,000 after 524-point gain The Pakistan Stock Exchange (PSX) closed at a fresh record high on Monday as its benchmark KSE-100 Index closed over... Updated 22 Apr, 2024 08:14pm
Commodities Palm oil surrenders gains amid higher expected production, weaker oil SINGAPORE: Malaysian palm oil futures erased early gains on Monday and were set for a seven-session decline as... Published 22 Apr, 2024 11:22am
Financial JGB yields rebound as fears of wider Iran-Israel conflict ebb TOKYO: Japanese government bond (JGB) yields rose on Monday as fears of further escalation in the Middle East... Published 22 Apr, 2024 11:18am
Stocks Hong Kong shares jump on policy support; China slips SHANGHAI: Hong Kong stocks jumped on Monday, as investors found comfort in China securities regulator’s decision to... Updated 22 Apr, 2024 02:16pm
Exchange Rupee registers minor loss against US dollar Currency settles at 278.33 against greenback in inter-bank market Updated 22 Apr, 2024 07:15pm
Stocks South Korean shares gain more than 1% in ‘value-up’ rally KOSPI closed up 37.58 points, or 1.45%, at 2,629.44 Updated 22 Apr, 2024 12:49pm
Commodities Japan rubber futures rise on higher equities, tepid yen SINGAPORE: Japanese rubber futures edged higher on Monday as stronger domestic equities boosted investor confidence... Published 22 Apr, 2024 10:28am
Stocks Asia stocks edge up, oil and gold retreat on tempered Mideast fears TOKYO: Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict... Published 22 Apr, 2024 10:24am
Commodities Iron ore inches lower amid waning China stimulus hopes, high portside stocks BEIJING: Iron ore futures prices ticked down on Monday, weighed down by diminishing hopes of more stimulus in top... Published 22 Apr, 2024 10:15am
Forex Australia, NZ dollars get much needed relief as risk rebounds, bonds retreat SYDNEY: The Australian and New Zealand dollars got a much needed lift on Monday as fears of a major escalation in... Published 22 Apr, 2024 10:11am
Currency China’s yuan weakens to five-month low as dollar stays strong SHANGHAI: China’s yuan weakened to five-month lows on Monday against the dollar, which was propped up by safe-haven... Published 22 Apr, 2024 10:07am
Currency Indian rupee ticks up on foreign banks’ dollar sales; forward premiums slip MUMBAI: The Indian rupee logged modest gains in early trading on Monday on dollar sales from foreign banks but... Published 22 Apr, 2024 10:04am
Commodities Gold edges down as rising bond yields dent appeal Gold prices edged lower on Monday as higher U.S. Treasury yields weighed on dollar-priced bullion, while investors... Published 22 Apr, 2024 10:00am
Commodities Nickel at multi-month highs as talks of Chinese purchase fuel supply fears BEIJING: Nickel prices climbed to multi-month highs on Monday, as market talks of China government’s plans to buy... Published 22 Apr, 2024 09:55am
Stocks Miners, financials lift Aussie shares, inflation data eyed Australian shares ended higher on Monday, led by miners and financials, amid fading worries over escalating tensions... Updated 22 Apr, 2024 12:15pm
Stocks Japan’s Nikkei ends 1% higher after sharp fall; chip-related shares weigh TOKYO: Japan’s Nikkei share average rose on Monday, recouping some of the previous session’s sharp losses, although... Updated 22 Apr, 2024 12:18pm
Stocks Indian shares open higher as financials, metals gain BENGALURU: Indian shares opened higher on Monday, tracking a rebound in Asian peers, led by gains in financial... Published 22 Apr, 2024 09:46am
Commodities US crude futures climb back into positive territory HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider... Updated 22 Apr, 2024 09:07pm
Forex Currencies calm but cautious after a weary week SINGAPORE: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near... Published 22 Apr, 2024 09:41am
Five waves of UBS layoffs to start in June VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse... Updated 22 Apr, 2024 09:25am
KP govt decides to set up a gem processing, export centre PESHAWAR: The government of Khyber Pakhtunkhwa has decided to develop gemstone sector as formal export sector and ... Published 22 Apr, 2024 04:39am
Mobilink Bank reports 97pc increase in revenue during Q12024 ISLAMABAD: Pakistan’s leading digital microfinance institution, Mobilink Bank, has reported a staggering 97%... Published 22 Apr, 2024 04:39am
PFC to participate in 5-day ‘Canton Fair China’ ISLAMABAD: A delegation of the Pakistan Furniture Council (PFC) will participate in 135th 5-day Canton Fair China... Published 22 Apr, 2024 04:39am
PSMA-Punjab urges govt to allow immediate export of sugar LAHORE: A spokesman of Pakistan Sugar Mills Association (Punjab Zone) has denied that the ex-mill prices of sugar... Published 22 Apr, 2024 04:39am
PCMEA presents 14-point recommendations to ministry, TDAP LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Asharf has... Published 22 Apr, 2024 04:39am
Money & Banking HBL Tekken: three emerge victorious in ‘8 Women’s Gaming Tournament’ LAHORE: The first-ever Tekken 8 Women’s Gaming Tournament, held under the auspices of Konnect by HBL, offered a... Published 22 Apr, 2024 04:39am
Industry Plan to enhance poultry industry KARACHI: Sindh Food Authority and Sindh Livestock & Fisheries Department are planning to work together to ... Published 22 Apr, 2024 04:39am
Over 600 companies participating in ITCN Asia LAHORE: The 24th edition of ITCN Asia provided a platform for local and foreign companies and investors to sign... Published 22 Apr, 2024 04:39am
Taxes Govt urged to hike FED on cigarettes ISLAMABAD: The Centre for Research and Dialogue (CRD) has asked the government to implement recommendations of... Published 22 Apr, 2024 04:39am
Industry HCSTSI president highlights positive role of AutoBhan, Latifabad HYDERABAD: Muhammad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry underscores... Published 22 Apr, 2024 04:39am
Industry Boosting Pakistan’s pharmaceutical exports: learning from India’s success KARACHI: Recent research has highlighted the massive gap between Pakistan’s potential to export and the value it... Updated 22 Apr, 2024 08:23pm
Money & Banking Sterling wavers as markets gauge reported Israeli attack on Iran LONDON: The pound was little changed on Friday after falling to a five-month low against the dollar in Asian trading... Published 22 Apr, 2024 04:39am
Sri Lanka shares end lower BENGALURU: Sri Lankan shares closed lower on Friday, dragged by losses in energy and consumer discretionary stocks.... Published 22 Apr, 2024 04:39am
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs HONG KONG: Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week,... Published 22 Apr, 2024 04:39am
Norway’s wealth fund posts $107bn first quarter gain OSLO: Norway’s sovereign wealth fund, the world’s largest, posted a gain of more than $100 billion in the first... Published 22 Apr, 2024 04:39am
KP-EZDMC, PCSIR ink MoU on innovative use of marble, granite slurry PESHAWAR: Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) and Pakistan Council for... Published 22 Apr, 2024 04:39am