Stocks PSX formally marks listing of Mahaana Islamic Index ETF in gong ceremony KARACHI: The Pakistan Stock Exchange (PSX) hosted a gong ceremony to celebrate the listing of the Mahaana Islamic... Published 23 Apr, 2024 09:10pm
Stocks KSE-100 edges lower in range-bound session The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Tuesday, as its benchmark KSE-100 Index closed... Updated 23 Apr, 2024 06:49pm
Commodities Palm oil rises on poor weather, exports recovery and stronger rivals SINGAPORE: Malaysian palm oil futures extended gains on Tuesday amid hot weather in key producer Malaysia, with... Published 23 Apr, 2024 03:42pm
Companies Adobe to bring full AI image generation to Photoshop this year Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop... Published 23 Apr, 2024 03:39pm
Companies Fauji Cement’s earnings down to Rs1.77bn in January-March 2024 Fauji Cement’s profit-after-tax amounted to Rs1.77 billion, a decrease of 6%, during the third quarter of FY24 that... Published 23 Apr, 2024 03:29pm
Forex Kenyan shilling inches lower on FX demand across the board NAIROBI: The Kenyan shilling inched lower against the U.S. dollar on Tuesday, under pressure from hard-currency... Published 23 Apr, 2024 03:05pm
Middle East UAE and Oman sign deals worth $35bn on state visit DUBAI: Emirati and Omani companies have signed deals worth 129 billion dirhams ($35.12 billion) in sectors including... Published 23 Apr, 2024 03:03pm
Commodities Gold price per tola falls massive Rs7,800 in Pakistan Gold prices in Pakistan extended their downturn on Tuesday in line with a decline in the international rate. In the... Updated 23 Apr, 2024 08:46pm
Stocks Techs boost STOXX to one-week high; euro zone data on tap European stocks scaled on Tuesday to their highest levels in more than a week, driven by the technology sector as... Published 23 Apr, 2024 02:03pm
Stocks Major Gulf markets gain as geopolitical concerns ease Major stock markets in the Gulf rose in early trade on Tuesday, on course to recover some losses as fears of wider... Published 23 Apr, 2024 02:00pm
Stocks UK’s FTSE 100 hits record peak on weaker pound; Associated British Foods surges The UK’s blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate... Published 23 Apr, 2024 01:58pm
Companies Netflix rival Viaplay’s organic sales growth slows in Q1 Swedish video streaming company Viaplay’s organic sales grew by 5.6% in its core operations in the first quarter of... Published 23 Apr, 2024 01:16pm
Financial Abu Dhabi starts selling three-part benchmark debt The Emirate of Abu Dhabi has started selling its triple-tranche benchmark debt, fixed income news service IFR... Published 23 Apr, 2024 12:56pm
Energy Pakistan refiners warn $6bn upgrades at risk due to fuel price deregulation plan KARACHI: Pakistan's plans to deregulate fuel prices could lead refiners to halt planned upgrades worth up to $6... Updated 23 Apr, 2024 08:45pm
Stocks South Korean shares end lower as battery makers drag KOSPI closed down 6.42 points, or 0.24%, at 2,623.02 Published 23 Apr, 2024 12:50pm
Commodities Japan rubber futures reverse two-day climb on automobile price wars SINGAPORE: Japanese rubber futures reversed a two-day climb to close lower on Tuesday as automobile price wars and... Published 23 Apr, 2024 12:41pm
Business & Economy Aurangzeb expects central bank reserves to be $9-10bn by FY24-end Finance minister sees FY24 economic growth at 2.6%, higher than expectations of IMF and World Bank Updated 23 Apr, 2024 06:46pm
Forex Rupee remains largely stable against US dollar Currency settles at 278.38 against the greenback in inter-bank market Updated 23 Apr, 2024 06:36pm
Forex China’s yuan slides to 5-month low after weaker fixing from PBOC SHANGHAI: China’s yuan weakened slightly against the dollar on Tuesday to a five-month low, after its central bank... Published 23 Apr, 2024 11:29am
Commodities Iron ore consolidates as investors struggle for clear direction in China BEIJING: Iron ore futures prices were hemmed into a tight range on Tuesday, as investors and traders struggled to... Published 23 Apr, 2024 11:26am
Commodities Gold prices slip to 2-1/2-week low as Middle East tensions ease Gold prices fell on Tuesday to their lowest levels in more than two weeks on easing concerns of an escalation in the... Published 23 Apr, 2024 11:24am
Forex Australian dollar grinds higher but inflation test looms SYDNEY: The Australian dollar strengthened on Tuesday as risk appetite continued to recover from a frenetic flight... Published 23 Apr, 2024 11:21am
Commodities Palm oil gains on poor weather, exports recovery and stronger rivals SINGAPORE: Malaysian palm oil futures rose for a second consecutive session on Tuesday amid hot weather in key... Published 23 Apr, 2024 11:10am
India’s April business growth at near 14-year high, PMIs show BENGALURU: India’s business activity expanded at its fastest pace in nearly 14 years this month thanks to robust... Published 23 Apr, 2024 11:06am
Commodities Base metals fall amid caution after strong price rallies Prices of nonferrous metals fell on Tuesday as traders and investors in Asia exercised caution following sessions of... Published 23 Apr, 2024 10:49am
Stocks Asian shares extend gains ahead of tech earnings, yen fragile SYDNEY: Asian shares extended gains on Tuesday, taking cues from Wall Street as focus shifts to earnings results... Published 23 Apr, 2024 10:46am
Forex Indian rupee little changed, tracking mostly rangebound Asian peers MUMBAI: The Indian rupee was largely unchanged on Tuesday, tracking the rangebound movement in its Asian peers and... Published 23 Apr, 2024 10:42am
Stocks Australian shares lifted by financials, easing Middle East conflict fears Australian shares extended gains on Tuesday, as gains in heavyweight financials overshadowed a drop in miners due to... Updated 23 Apr, 2024 12:29pm
Stocks Japan’s Nikkei rises but US earnings caution caps gains TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by Wall Street’s rally overnight, although concerns... Updated 23 Apr, 2024 12:31pm
Stocks China stocks dragged down by cyclical shares; HK shares up SHANGHAI: China stocks closed down on Tuesday, dragged lower by cyclical shares such as metals, while technology... Updated 23 Apr, 2024 02:54pm
Stocks Indian shares rise as global risk sentiment improves BENGALURU: Indian shares rose on Tuesday, tracking a rebound in global markets as risk sentiment improved on easing... Published 23 Apr, 2024 10:32am
Energy Oil falls back after robust EU data as Mideast tensions linger Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market... Updated 23 Apr, 2024 08:23pm
Forex Firm dollar turns up heat on yen, heightening intervention talk TOKYO: A firm dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened... Published 23 Apr, 2024 10:27am
Stocks Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX? Regulator, which issued a press release last week detailing its account of the complaint, had not named the entity or the individuals involved Published 23 Apr, 2024 06:00am
Industry Regulatory authority for shipping cos: Minister endorses business community’s proposal KARACHI: The Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, has endorsed the proposal of the business... Published 23 Apr, 2024 03:41am
Companies PIA restructuring: 2 milestones achieved ISLAMABAD: Two significant milestones were achieved in the restructuring of the Pakistan International Airlines... Published 23 Apr, 2024 03:41am
UAE businessmen: Aurangzeb makes a pitch for investments ISLAMABAD: Federal Minister for Finance and Revenue, Aurangzeb has held meeting with foreign investors including... Published 23 Apr, 2024 03:41am
Industry Outsourcing of KPT terminals’ operations: UAE’s AD Ports makes upfront fee payment KARACHI: AD Ports Group presented Federal Minister Maritime Affairs with a cheque marking the upfront fees payment... Published 23 Apr, 2024 03:41am
Industry KATI president extends warm felicitations to Iranian President KARACHI: President Johar Qandhari of the Korangi Association of Trade and Industry (KATI) extended a warm welcome to... Published 23 Apr, 2024 03:41am
TIP slams NTDC for not awarding it contract ISLAMABAD: Telephone Industries of Pakistan (TIP), an arm of the Ministry of Defence Production (MoDP), criticised... Updated 23 Apr, 2024 08:27am
PSX collaborates with LSEG on ESG KARACHI: In a landmark development, Pakistan Stock Exchange (PSX) has signed a collaborative understanding with LSEG... Published 23 Apr, 2024 03:41am
Jul-Mar FDI inflows decline 10pc YoY KARACHI: Inflows of Foreign Direct Investment (FDI) in the country declined by 10 percent during the first nine... Updated 23 Apr, 2024 09:42am
C/A posts 3rd highest monthly surplus in March KARACHI: The country’s external account is performing well, posting the third highest monthly current account... Published 23 Apr, 2024 03:41am
No economic growth despite $200bn foreign aid commitments: PIDE ISLAMABAD: Pakistan Institute of Development Economics (PIDE) in a study has claimed that since inception, the... Published 23 Apr, 2024 03:41am
Taxes KCCI chief urges FBR to defer implementation of SRO 350 KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has asked the Federal... Published 23 Apr, 2024 03:41am
IT, ITeS export remittances up 17.37pc in first 8 months ISLAMABAD: IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre ... Published 23 Apr, 2024 03:41am
Taxes FBR chief interacts with taxpayers in E-Kachehri Islamabad: Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana on Monday directly interacted with... Published 23 Apr, 2024 03:41am
Taxes Tax department fails to recover tax from bank accounts of taxpayer LAHORE: The Tax department has failed to recover the tax assessed from bank accounts of taxpayer without issuance of... Published 23 Apr, 2024 03:41am
Local auto industry seeks govt’s support LAHORE: Local auto industry has demanded of the government to take appropriate measures, to support the local auto... Published 23 Apr, 2024 03:41am
Money & Banking Indian rupee ends higher on inflows MUMBAI: The Indian rupee rose on Monday aided by likely equity inflows and dollar sales from state-run banks, ... Published 23 Apr, 2024 03:41am
Industry NTC chief asks KCCI to submit details of all issues, budget proposals KARACHI: Chairman National Tariff Commission (NTC) Naeem Anwar, after listening to the grievances being faced by the... Published 23 Apr, 2024 03:41am
Industry Gems, jewellery sector will be provided necessary facilities: minister ISLAMABAD: Waseem Ajmal Chaudhry, Federal Secretary Industries and Production Monday said Pakistan’s gems and... Published 23 Apr, 2024 03:41am
Money & Banking Yen falls to 1990 lows TOKYO: The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to ... Published 23 Apr, 2024 03:41am
Money & Banking US dollar higher against euro, yen NEW YORK: The dollar ticked higher against the euro and yen in subdued trade after last week’s volatility, with... Published 23 Apr, 2024 03:41am
Money & Banking Yuan weakens to five-month low SHANGHAI: China’s yuan weakened to five-month lows on Monday against the dollar, which was propped up by ... Published 23 Apr, 2024 03:41am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’