No more Rs14 per unit relief for Islamabad electricity consumers
IESCO said that the Punjab government has ordered withdrawal of Rs14 per unit relief for September
Oil recovers after slide as US inventory drop, storm support
Brent crude futures were up $1.10 to $70.29 a barrel US crude futures gained $1.11 to $66.86
Stocks falter, dollar weak after US presidential debate; CPI in focus
The presidential hopefuls debate left investors skittish ahead of US inflation data
PSX keeps positive momentum
The PSX recovered and the KSE-100 index rose by mere 86 points to 79,379 points
World's most bizarre plane able to carry 40 tonnes of precious cargo
The massive Airbus Beluga was delivering spare parts to repair the damaged plane
Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme
Alibaba shares jump 4% on its addition to mainland Stock Connect Scheme
China's August exports grow a robust 8.7%, beating forecasts while imports soften
China’s August exports grow a robust 8.7%, beating forecasts while imports soften
Govt decides to accelerate transfer of PWD projects to provinces
Says funding under the Public Sector Development Programme would continue
Finance minister reiterates resolve to restructure power sector
The reforms included reconstitution of Boards of Directors of Discos
Pakistan records 44pc surge in remittances in two months
The inflow of $ 5.936 billion was recorded during July-August 2024
Gold rates move up by Rs1,300 per tola in Pakistan
The price of 10 grams of 24 karat gold also increased by Rs1,114
China's exports top forecasts, imports hurt by depressed domestic demand
China's economy has failed to fire over the past year amid a prolonged property sector downturn
Oil prices dip as weak demand offsets supply disruptions from Gulf storm
Brent crude futures were down 4 cents to $72.80 a barrel while US WTI lost 10 cents to $68.60
PSX turns around after a jittery day, index climbs in early trade
The KSE-100 index registered an increase of 162 points and reached the level of 78,777 points
China hobbles Asia shares; US data, Fed meet in view
Concerns about a faltering Chinese economy dampened the Asian market mood
From Peru to Tuvalu: World Bank chief says global lender must change
The countries he visited "need more and require us to be faster, simpler, and more impact oriented"
Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
Japan's economy is growing, but political uncertainty is among the risks
Japan’s economy is growing, but political uncertainty is among the risks
Wall Street claws back some of the losses from a weak week
Wall Street claws back some of the losses from a weak week
iPhone 16 is different from Apple's recent releases
iPhone 16 is different from Apple’s recent releases
PSX witnesses bearish trend
Around 90,272,467 shares worth Rs4.67 were transacted in the stock market.
Gold rates decline by Rs1,100 to Rs260,400
The price of 10 grams of 24 karat gold also decreased by Rs943
Google faces new antitrust trial after ruling declaring search engine a monopoly
Google disputes that it charges excessive fees compared to its competitors
Apple's upcoming iPhone will catapult the tech trendsetter into the age of AI
Most of Apple’s AI tasks will be performed on the iPhone itself instead of remote data centers
Circular debt to rise by Rs100 billion, govt tells IMF
Sources said that the IMF expressed its concerns to the government on a whooping rise in debt
Wall St Week Ahead Economic worries back on Wall Street's radar after jobs data
Wall St Week Ahead Economic worries back on Wall Street's radar after jobs data
Japan's first casino resort likely to open in late 2030, media report
The operator will begin preparatory work at the end of September
Gold prices plunge by Rs2,000 to Rs261,500 per tola
The price of 10 grams of 24 karat gold also decreased by Rs1,714
Pakistan renegotiating power deals to cut costs, minister says
Pakistan is renegotiating power deals to reduce unsustainable tariffs: Awais Leghari
Women steal the SBP currency note design competition show
The State Bank congratulates and praises the winners and participants
Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says
BYD Pakistan says up to 50% vehicles bought in 2030 will be NEVs
S.M Tanveer demands relief for traders in upcoming monetary policy
The businessmen are perturbed over inflated power bills, says FPCCI
Gold rates increase by Rs1,400 per tola in Pakistan
The price of 10 gram 24 karat gold also went up by Rs1,200
Dollar skids to one-month low vs yen before pivotal payrolls
Dollar skids to one-month low vs yen before pivotal payrolls. The euro held its ground at $1.11145
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
Brent futures were down 1 cent to settle at $72.69 a barrel, while US WTI fell 5 cents to $69.15
PSX climbs back to 79,000 points, rupee gains strength
the KSE-100 rose by 286 points to the level of 79,149 points in morning trade
Trump says he'd create a government efficiency commission led by Elon Musk
“We need to do it,” Trump said. “Can’t go on the way we are now.”
Low US weekly jobless claims assuage fears of labour market deterioration
Initial claims for state unemployment benefits dropped by 5,000
Asian markets swing as traders prepare for US jobs data
Wall Street ended the day on a tepid note, and Asian investors were equally cautious
Punjab govt's decision to deregulate sugar industry praised
The sugar industry appreciates the government’s decision to remove all its regulations
Measures stressed to protect wheat warehouses during rainy season
Briefing on wheat stock in government and private storage areas
Amazon says exports from India-based sellers to cross $5 bln in 2024
Amazon says exports from India-based sellers to cross $5 bln in 2024
PM seeks IT plans to achieve $25bn export target in five years
Google announced developing 500,000 Chromebooks in Pakistan
Gold rates up by Rs2,000 to Rs262,100 per tola
The price of 10 gram 24 karat gold also went up by Rs1,714
Falling rates offers scant shelter from property storm
The industry has been one of the biggest casualties as central banks pushed up borrowing costs
US economy is slowing, but still has momentum, former official says
The US Federal Reserve is doing about the right thing, Rubin told the Bund Summit in Shanghai
Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall
Brent crude futures rose 35 cents to $73.05 a barrel while US WTI futures were up 35 cents to $69.55
Pakistan seeks $1.7 billion loan from global institutions to pave way for IMF agreement
Sources say the loan has been sought for commodity and commercial purposes
Investor bets shift as dollar weakens with looming Fed rate cuts
The dollar has fallen 5% from its 2024 highs, close to its lowest level in about a year against
Asian markets rebound from sell-off but US data keeps traders wary
Figures on jobs stoked the sense that the economy and labour market are not as strong as thought
Coke, Pepsi boycott over Gaza lifts local sodas
They face challenge from local sodas in Egypt, Pakistan, Lebanon, other Muslim-majority countries
Bank of Canada cuts rate by 25 bps, says bigger cuts possible
Bank of Canada cuts rate by 25 bps, says bigger cuts possible
US job openings fall as demand for workers weakens
US job openings fall as demand for workers weakens
Party of one: Restaurants are catering to a growing number of solo diners
Party of one: Restaurants are catering to a growing number of solo diners
Wall Street tumbles on worries about the economy, and Dow drops more than 600
Wall Street tumbles on worries about the economy, and Dow drops more than 600
Gold rates decrease by Rs1,400 to Rs260,100 per tola
The price of 10 gram 24 karat gold also declined by Rs1,200
US Steel expects to shut mills if $14.9 bln Nippon deal collapses
US Steel expects to shut mills if $14.9 bln Nippon deal collapses
Exports grow by 14pc in July-Aug
August alone saw a 15.93 per cent annual increase in exports, with July’s exports totaling $2.3 bn
IMF keeps Pakistan guessing
The Ministry of Finance and the international donor mission hold virtual meeting
Wall St kicks off September on dour note with economic data in focus
Wall St kicks off September on dour note with economic data in focus
Deputy PM to embark on five-day visit to United Kingdom
Ishaq Dar will meet Deputy Prime Minister Angela Rayner and others
Brazil Supreme Court panel unanimously upholds judge's decision to block X nationwide
The platform has clashed with de Moraes over its reluctance to block users
Volvo Trucks to launch electric truck with 600 km range
The new model is expected to hit the market in the second half of 2025
Stocks on tiptoes ahead of US payrolls, dollar creeps higher
MSCI's broadest index of Asia-Pacific shares outside Japan ticked 0.5% lower
Oil prices fall as demand concerns overshadow Libyan export halt
Brent crude futures were down 17 cents to $77.35 a barrel while WTI were up 50 cents to $74.05
Shakeup in FBR as PM dismayed at revenue collection shortfall
An FBR report submitted to the premier shows revenue collection shortfall of Rs100bn
Advisory board reduces sugar prices by Rs2 per kg
Minister says there is a surplus stock of sugar in the country
Govt reluctant to address parliamentary queries on IPPs
Ministry of Energy fails to answer six important questions concerning IPPs during Senate session
CPI inflation dips to nearly three-year low in August
It was recorded at 9.6 percent in August 2024 down from 11.1pc in July 2024
Global benchmarks are mixed in cautious trading ahead of US holiday and jobs report
Investors were also looking ahead to the U.S. employment report
Saudi Arabia may cut crude oil prices for Asia in October
The October selling price for Arab Light crude is likely to fall between 50 and 70 cents a barrel
Oil extends losses on weak China data and expected OPEC+ supply boost
The OPEC+ is set to proceed with planned increases to oil output from October, sources told Reuters
European stocks and US futures start September on back foot
Europe's STOXX 600 index fell 0.35%, after hitting a record high on Friday
Asian factories show tentative recovery as China improves
US Fed rates cut and uncertainty over the outcome of presidential election cloud the trade outlook
PSX continues positive trend as KSE-100 gains in early morning trade
The PSX carried last week’s momentum into the current week as the KSE-100 index saw a 345-point rise
China warns Japan of retaliation over potential new chip curbs
Japan began restricting exports of 23 types of semiconductor
China new home prices rise more slowly in August, survey shows
China new home prices rise more slowly in August, survey shows
India outperforms other major economies even as growth slows in April-June
The rise in GDP was less than a 6.9% expansion forecast by a Reuters poll
Wall St Week Ahead US stock rally broadens as investors await Fed
As market's fortunes keep rising and falling, investors are also putting money in less value stocks
China's weak factory PMI raises pressure for consumer stimulus
Producers reported the new orders and new export orders sub-indices remained firmly in the negative
Japan wants its hardworking citizens to try a 4-day workweek
Japan wants its hardworking citizens to try a 4-day workweek
BRICS New Development Bank authorizes Algeria to join
BRICS New Development Bank authorizes Algeria to join
Govt cuts petrol price by Rs1.86, diesel by Rs3.32 per litre
The new prices would be effective from September 1
Dr Kaiser Bengali resigns from three govt committees
He disagreed with the govt's policy of not following the committees' recommendations
50pc of public sector imports to be routed through Gwadar Port: minister
Says this decision is a significant step towards Gwadar Port’s development
24 IPPs get whooping Rs1,200bn in 10 years despite zero generation
According to agreements, the payments have to be made even with zero unit production
Wall Street rises as inflation report confirms price increases are cooling
Wall Street rises as inflation report confirms price increases are cooling
US economic growth for last quarter is revised up to a solid 3% annual rate
US economic growth for last quarter is revised up to a solid 3% annual rate
Pakistan's short-term inflation eases further by 0.62pc
Prices of chicken, bananas, chilies powder, wheat flour, bread and sugar decrease
France's Macron says giving Telegram CEO Durov French citizenship was a good thing
Durov told police upon his arrest Saturday that he was planning to meet with Macron
PSX ends week on positive note
In early morning trading, the PSX saw a bullish trend, with KSE-100 index reaching 78,513.86 points
Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Central banks sharply raised interest rates to counter an outburst of inflation
Libya's oil output falls more than half due to political standoff
National Oil Corp said on Thursday that the average oil output stood at 591,024 barrels on Aug. 28
Oil inches up on Middle East supply concerns
Brent futures for October delivery were up 23 cents at $80.17 a barrel, while WTI 18 cents to $79.02
Asia shares set for solid monthly gain, dollar slumps
MSCI's broadest index of Asia-Pacific shares outside Japan was set for a gain of 2.3% for the month
Dollar set to snap 5-week losing run as Fed rate cut bets pared
The yen held near the closely watched 145 per dollar level after weakening on Thursday
Pakistan's total liquid foreign reserves rise to 14.77bn dollars
The reserves held by the central bank were recorded as 9,403.4mn dollars
PM aims for $60b remittance target by 2034
The overseas Pakistanis will be invited to invest in technology zones, and granted blue passport
Zuckerberg says the White House pressured Facebook over some COVID-19 content during the pandemic
Zuckerberg says the White House pressured Facebook over some COVID-19 content during the pandemic
Gold rates dip by Rs2,200 per tola to Rs261,500
The price of 10 grams of 24 karat gold also decreased by Rs1,886 to Rs224,194
Oil edges up as Libyan supply woes offset lower-than-expected US stock draw
Brent crude futures climbed 15 cents to $78.80 a barrel while WTI futures were up 27 cents at $74.79
PSX snaps losing streak after a strong comeback buoyed by Moody's rating
KSE-100 index reached 78, 387 points after gaining 394 points
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surge
Nvidia has led the artificial intelligence sector
Pakistan to host world date festival in collaboration with UAE
Pakistan produces large quantities of dates
Pak IT companies' largest tech festival continues in Karachi
The companies were eyeing significant opportunities in Saudi Arabia’s “growing” market
Overseas Pakistanis' issues to be addressed on priority: Qamar Raza
Key figures from the overseas community were invited to the event
As the far right rises in eastern Germany, companies struggle to attract skilled foreign workers
As the far right rises in eastern Germany, companies struggle to attract skilled foreign workers
Wall Street quiet as markets await Nvidia's latest earnings report
Wall Street quiet as markets await Nvidia’s latest earnings report
India's Paytm gets government nod for investment in payments arm
India's Paytm gets government nod for investment in payments arm
RDA inflows rise to 8.416 billion dollars in July 2024
The number of accounts registered under the programme also rose by 10,820 to 723,598
Pakistan's outlook 'positive' as Moody's upgrades rating to Caa2
The upgrade reflects Pakistan’s improving macroeconomic conditions, Moody's said
French prosecutors set to charge or release Telegram CEO Pavel Durov as his custody order expires
Durov was detained Saturday at Le Bourget airport outside Paris
Oil retreats as demand concerns offset Libya supply risks
Brent crude futures were down $1.02 at $78.53 a barrel while US WTI futures fell $1.04 to $74.49
Futures subdued as markets await Nvidia test
Wall Street's main indexes have broadly swung between small gains and losses since the start of week
Dollar steadies after sell off, traders seek clarity on US rate path
The dollar index reached a 13-month low of 100.51 in the previous session
PSX loses steam after early morning gain
Investors seemed positive as the KSE-100 index increased by 160 points at the start of trading
Traders observe nationwide strike against slew of taxes, inflated power bills
Trade bodies decided to go ahead with their strike following meeting with FBR chairman
Iran's president says subsidised fuel prices are irrational
Iran's president says subsidised fuel prices are irrational
Bank of Montreal warns of loss provision pressures after profit miss, shares fall
Bank of Montreal warns of loss provision pressures after profit miss, shares fall
Pakistan eyes $4b from Middle East banks to plug financing gap: SBP governor
Pakistan’s external gross financing needs have been declining in the past few years
Thousands of workers at UK retailer Next win equal pay case
A Leeds tribunal had ruled that the work done by the women in stores was equal to warehouse workers
Fed most likely to cut rates by quarter percentage point next month, Daly says
The Fed has kept its policy rate in the 5.25%-5.50% range since July 2023
PSX witnesses fall after opening on positive note
At the start of trading the KSE-100 index inched to 78,616 points with an addition of mere 45 points
Markets retreat after rally, oil dips but Middle East worries linger
A string of supportive data and comments from Federal Reserve officials have helped push equities up
Oil prices pause after surging on Libyan outages, Middle East tensions
Brent crude futures fell 32 cents to $81.11 a barrel while US WTI shed 36 cents to $77.06
Aurangzeb for ensuring implementation of tax mechanism
The government will continue to engage with stakeholders
Wall Street hovers around records ahead of Nvidia earnings and inflation data
Wall Street hovers around records ahead of Nvidia earnings and inflation data
Change leadership or prepare for a fight, Elliott tells Southwest Airlines
Change leadership or prepare for a fight, Elliott tells Southwest Airlines
Japan's Suntory aims for greater US canned cocktail market share
Japan's Suntory aims for greater US canned cocktail market share
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
Israel's economy is struggling. Economists say ending the war would help
Israel’s economy is struggling. Economists say ending the war would help
PSX witnesses negative trend, investors face losses
100-index closes with decrease of 230 points at the level of 78,571 points
Prepaid electricity billing system to take root soon: Awais Leghari
Says electricity prices would fall by next year
Oil climbs on Mideast escalation fears, US rate cut expectations
Brent crude futures climbed 56 cents to $79.58 a barrel while US WTI was up 57 cents to $75.40
Another cut in petrol, diesel prices in the offing
petrol and high-speed diesel (HSD) prices are likely to drop by Rs5 and Rs6 per litre
Govt set to burden public with additional Rs46 billion in power bills
The National Electric Power Regulatory Authority would conduct hearing on the application of the IPP
Uber will offer driverless rides to users as soon as next year
Cruise is on mission to leverage driverless technology to create safer streets, redefine urban life
Gohar Ejaz Group sweeps APTMA elections for 16th consecutive year
24 members of the committee were elected unopposed in the elections
Two Chinese companies announce setting up plants in Pakistan
Napa Chemicals, Shing Shao will manufacture textile-related raw materials in Punjab
Benefits of utility stores not reaching right people: minister
Says stores being restructured to ensure subsidy to the poor
Contracts with Chinese power producers need to be reviewed, says power minister
Pakistan wants coal-fired power plants to switch to local fuel
Indonesia searches for ways to balance domestic industries with surging Chinese imports
Indonesia searches for ways to balance domestic industries with surging Chinese imports
First shipment of Chinese white broiler eggs arrives in Pakistan
It marks the first time China has exported its breed of poultry to Pakistan
Economic revival top agenda of PML-N govt: Rana Tanveer
9th Color and Chem Expo kicks off at Lahore’s Expo Centre with over 300 exhibitors
Boost remittances, foreign reserves top priority: SBP executive director
Says the Buna-Raast connectivity project will facilitate overseas Pakistanis in Arab countries
Bank of England's Bailey says inflation pressure is on the wane
Bank of England's Bailey says inflation pressure is on the wane
Unaffordable electricity prices impacting every household: Gohar
Says we cannot vie with world due to illogical and blood-sucking agreements with IPPs
Nicaragua closes US Chamber of Commerce and 150 other organizations
The relationship between the U.S. and Nicaragua has been strained for years
FO spokesperson seems ignorant of Pakistan, India trade
Pakistan imports raw material for life-saving medicines from India
With Fed rate cut set, Powell may focus on explaining US economic conditions at Jackson Hole
Powell will take the podium at 10 am EDT to address views on monetary policy and the economy
Nestle replaces CEO Schneider with company veteran Freixe
Nestle hitting a downward trajectory since May 2023.
ECC approves Rs20b for Operation Azm-i-Istehkam
ECC also approved sugar exports to Afghanistan within 60 days after opening of LC
Wall Street pulls closer to records after retailers top profit forecasts
Wall Street pulls closer to records after retailers top profit forecasts
K-Electric seeks another increase in power tariff
After Nepra approves application, K-Electric consumers will have to bear a burden of Rs6.21b
Gold reaches all-time high of Rs261,800 per tola
The price of 10 grams of 24 karat gold also increased by Rs686 to Rs224,451
Fed steaming toward September rate cut, minutes from meeting show
The Federal Market Committee left its benchmark interest rate unchanged in July but want cut in Sept
Dollar down and oil slips as Fed readies rate cuts
Stocks were kept in check, with US and European futures down about 0.1%
Study finds 70pc baby foods in US grocery stores unhealthy
The study found bad marketing practices too
Indian flour mills urge govt to release wheat stocks as prices surge
Indian flour mills urge govt to release wheat stocks as prices surge
Wall Street climbs to push its winning streak to 8 days, longest of the year
Wall Street climbs to push its winning streak to 8 days, longest of the year
Govt hikes power tariff by Rs5.75 per unit for Karachi consumers
The increased charges will be reflected in the October and November bills.
TSX rises on tech stocks ahead of US Fed meeting minutes
TSX rises on tech stocks ahead of US Fed meeting minutes
Pakistan making good progress with IMF for board approval: FinMin
Aurangzeb hopes to get board approval in September for a new $7 billion loan programme
SBP decides to roll out new currency notes of all denominations
Says there is no such proposal that Rs5,000 currency note will be banned
Hafiz Naeem urges public to support nationwide strike on Aug 28
The JI chief also slammed the government
Gold rates up by Rs300 per tola to Rs261,000
The price of 10 grams of 24 karat gold also increased by Rs257 to Rs223,765
Australia greenlights world's 'largest' solar hub
Authorities approved US$24 billion project in Australia's remote north that will power 3 mn homes
Committee formed to negotiate energy debt rescheduling with China
The committee comprises ministers of finance, energy, economic affairs and secretary finance
Oil slips on higher US crude stocks, easing Middle East tensions
Brent crude futures fell 11 cents to $77.09 a barrel while US WTI futures dipped 14 cents to $73.03
Asia tracks Wall St lower as traders pause Fed-fuelled rally
All three main indexes on Wall Street dipped, having come within distance of their record highs
UAE delegation discusses maritime, railways, aviation investments
The delegation calls on Deputy Prime Minister Ishaq Dar
Finance Ministry plans to borrow Rs8,500bn for FY 2024-25
$300 million will be secured under the Domestic Resources Mobilisation Programme
Wall St dips in lead up to Jackson Hole event; more Fed cues in focus
Wall St dips in lead up to Jackson Hole event; more Fed cues in focus
Analog chipmaker TI expects free cash flow to jump in 2026
Analog chipmaker TI expects free cash flow to jump in 2026
Gold prices reach all-time high in Pakistan
Per tola price increased by Rs700 to settle at Rs260,700
India cenbank chief urges banks to monitor credit-deposit gap to avoid liquidity issues
India cenbank chief urges banks to monitor credit-deposit gap to avoid liquidity issues
Pakistan produces costly electricity in region: Energy minister
2 hours of load shedding could result in significant financial benefit, says Awais Leghari
Gas tariff to remain unchanged until December-January: Musadik Malik
Says the government is striving to avoid placing any additional burden on the people
Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Bostic noted that the economy has changed from just a couple of months ago
Global shares march higher on Fed rate cut bets
Europe, the STOXX 600 index rose 0.2% to its highest level since August 1
PSX continues to run in negative zone for second successive day
The KSE-100 index witnesses decline of 314.93 points to 77,515.41 points around midday
S.M Tanveer calls for low electricity cost for revival of industrial sector
Says 100 industries have closed down in Faisalabad rendering millions jobless
Oil prices edge down on easing geopolitical risks, weak China demand
Brent crude was down 67 cents to $76.99 a barrel and WTI was at $73.75 a barrel, easing 62 cents
Kamala Harris proposes raising corporate tax rate to 28%
When Trump was president, he slashed the corporate tax rate to 21% from 35%
Indian port workers to go on strike to demand better wages
Indian port workers to go on strike to demand better wages
GM lays off over 1,000 salaried software, services employees
GM lays off over 1,000 salaried software, services employees
Physical buyers win battle for copper market as funds retreat
Physical buyers win battle for copper market as funds retreat
Other provinces can offer electricity bill relief: Tarar
Tarar said Punjab will provide Rs 45 billion relief to consumers falling between 201-500 units
