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PSX’s benchmark KSE-100 index rises by 860 points on back of Saudi visit

The Pakistan Stock Exchange’s benchmark KSE-100 index rose by 860 points on Monday amid a visit by a Saudi investment delegation. According to the...

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PSX’s benchmark KSE-100 index rises to intraday high of 73,060 points

Pakistan Stock Exchange’s benchmark KSE-100 index rose 1.5 per cent during intraday trade on Monday, to an intraday high of 73,060.74 points. The...

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IMF mission expected in Pakistan this month to discuss new loan deal

The International Monetary Fund’s (IMF) mission is expected to visit Pakistan this month to discuss a new programme, the lender confirmed on Sunday...

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World food prices up in April for second month: FAO

PARIS: The United Nations food agency’s world price index rose for a second consecutive month in April as higher meat prices and small increases in...

04.05.2024 60

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Lowest inflation rate in 2 years result of PDM govt’s hard work: PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday declared the downward trend of inflation as “welcome news” for the people, saying that inflation falling...

02.05.2024 20

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Reuters

Biden blames China, Japan and India’s economic woes on ‘xenophobia’

President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India was hobbling their growth, as he argued that migration has...

02.05.2024 40

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Reuters

Inflation slows to 17.3pc for April, lowest in nearly two years

Pakistan’s consumer price inflation slowed to 17.3 per cent in April from a year earlier, data from Pakistan Bureau of Statistics (PBS) showed on...

02.05.2024 20

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Reuters

Barrick not bidding for Anglo American

TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building...

02.05.2024 20

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Reuters

Inflation to hover at 18.5pc-19.5pc in April: finance ministry

The finance ministry said on Tuesday that inflation is expected to hover between 18.5 to 19.5 per cent in April and ease in May to 17.5-18.5pc, aiming...

30.04.2024 30

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Reuters

India set to sign trade deal with Oman to expand its Middle East ties

India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle...

27.04.2024 40

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Reuters

‘IMF surcharges on borrowings exacerbate global inequities’

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the...

25.04.2024 40

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‘IMF surcharges on borrowings exacerbate global inequities’, says US think tank

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the...

25.04.2024 40

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Reuters

Shanghai Electric pulls offer to buy KE

KARACHI: Shanghai Electric Power Company withdrew its offer to acquire up to 66.4 per cent of K-Electric Ltd, the manager of the offer said in a...

23.04.2024 40

Dawn Business

Reuters

KSE-100 index breaches 71,000, closes at record high

Pakistan Stock Exchange’s benchmark KSE-100 index closed at a record high of 71,465 points, up 0.8 per cent, after breaching the key 71,000 level on...

22.04.2024 20

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Reuters

KSE-100 index breaches 71,000, hits record high

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index traded at a record high of 71,433 points, up 0.74 per cent, after earlier breaching the...

22.04.2024 10

Dawn Business

Reuters

KSE-100 index breaches 71,000, hits record high during intraday trade

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index traded at a record high of 71,474 points, up 0.8 per cent, after earlier breaching the...

22.04.2024 20

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Reuters

China’s imports of Russian oil near record high in March

BEIJING: Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments. China’s...

21.04.2024 20

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Reuters

Tesla’s Elon Musk postpones India trip, aims to visit later this year

Elon Musk postponed a planned trip to India, where he would meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he...

20.04.2024 20

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Reuters

Pakistan aims to agree outline of new IMF loan in May, finance minister says

Pakistan hopes to agree the contours of a new International Monetary Fund (IMF) loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and has...

19.04.2024 10

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Reuters

Oil falls nearly 3pc

NEW YORK: Oil prices slipped nearly three per cent on Wednesday, pressured by a rise in US commercial inventories, wea­ker economic data from China...

18.04.2024 10

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Oil sheds 1pc after Iran attack

NEW YORK: Oil prices sank by about one per cent a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than...

16.04.2024 30

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Important issues remain to be solved as Pakistan seeks potential follow-up programme: IMF chief

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that Pakistan is in discussions with the Fund on a potential...

11.04.2024 50

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Fitch cuts China’s ratings outlook on growth risks

Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing...

10.04.2024 10

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Reuters

Oil prices ease amid deadlock in Gaza truce talks

HOUSTON: Oil prices dipped for a second day on Tuesday, as talks for a ceasefire in Gaza continued, but losses were limited to less than a dollar a...

10.04.2024 20

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Oil falls 1pc on Gaza ceasefire talks

NEW YORK: Oil prices fell over a dollar a barrel on Monday after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks...

09.04.2024 40

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Liberty Power confident its $125m bet on power sector will reap reward

KARACHI: Liberty Power Holding, which this week signed a deal to buy the thermal energy assets of the country’s largest conglomerate for $125...

07.04.2024 20

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Reuters

Tesla scraps low-cost car plans amid fierce Chinese EV competition

TEXAS: Tesla has cancelled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker,...

06.04.2024 10

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Reuters

Yellen calls Beijing’s industrial might ‘threat’ to global economy

GUANGZHOU: US Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China’s excess...

06.04.2024 10

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Reuters

Brent oil hits highest price this year

LONDON: Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh...

03.04.2024 30

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Pakistan canvasses interest in purchase of stake in PIA

As part of reforms urged by the International Monetary Fund (IMF), the Privatisation Commission said on Tuesday that it was putting on the block a...

02.04.2024 10

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Reuters

Annual CPI-based inflation gauge drops to 20.7pc in March: PBS

Data released by the Pakistan Bureau of Statistics on Monday showed that the consumer price index (CPI) for March was up 20.7 per cent from the same...

01.04.2024 20

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Reuters

Inflation to hover at 22.5-23.5pc in March: finance ministry

Inflation in Pakistan is expected to hover between 22.5 per cent and 23.5pc in March and to further ease in April, the finance ministry said on Friday...

29.03.2024 10

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Oil jumps on tighter supply outlook

NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, on the prospect of supplies given the Opec...

29.03.2024 20

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Reuters

China moves WTO against US subsidies to EV industry

GENEVA: China has initiated dispute settlement proceedings against the United States at the World Trade Organisation to safeguard its interests in the...

27.03.2024 10

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Beijing told it faces ‘fork in the road’ as China Development Forum opens

BEIJING: China needs to “reinvent itself” with economic policies to speed resolution of its property market crisis and boost domestic consumption...

25.03.2024 20

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Reuters

China woos investors

SHANGHAI: Chinese Commerce Minister Wang Wentao has met top executives of global companies including Apple Inc and SK Hynix Inc ahead of a major...

24.03.2024 20

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Reuters

India extends ban on onion exports indefinitely ahead of general election

MUMBAI: India has extended its ban on onion exports indefinitely —a surprise move that comes ahead of a general election and is set to exacerbate...

24.03.2024 10

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Pakistan to discuss Extended Fund Facility with IMF next month, says finance minister

Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will...

22.03.2024 10

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Bank of Japan delivers first rate hike in 17 years

TOKYO: The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic...

20.03.2024 20

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Reuters

Bitcoin slides over 6pc

WASHINGTON: Bit­coin fell by as much as 6.5 per cent on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit...

20.03.2024 20

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Reuters

BOJ delivers first rate hike in 17 years

TOKYO: The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic...

20.03.2024 10

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Reuters

Oil climbs 2pc on tight supplies

NEW YORK: Oil prices climbed about two per cent to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger...

19.03.2024 20

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Reuters

‘Dirty gold can still slip into London’

LONDON: The London Bullion Market Asso­ciation (LBMA), which sets standards for the worlds most established gold market, needs to do more to exclude...

19.03.2024 30

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Reuters

Apple reaches $490m settlement over CEO Cook’s China sales comments

Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling...

16.03.2024 30

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Reuters

Apple reaches $490 million settlement over CEO Cook’s China sales comments

Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling...

16.03.2024 10

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Reuters

IMF to arrive in Pakistan for bailout review, says finance ministry

An International Monetary Fund (IMF) mission is arriving in Pakistan for a second and last review of a $3 billion standby arrangement this week, the...

13.03.2024 10

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IMF team arriving in Pakistan for bailout review: report

An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last review of a $3 billion standby arrangement,...

13.03.2024 20

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Reuters

Fitch lifts Turkiye’s rating to B+ on tighter monetary controls

NEW YORK: Fitch has upgraded Turkiye’s rating to “B ” from “B”, saying tighter approaches to mon­e­­­tary policy were helping combat...

10.03.2024 30

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Reuters

Bitcoin briefly rallies to record high

LONDON: Bitcoin briefly rallied to a record high on Friday in volatile trading, as crypto mania continued to sweep through the investment community....

09.03.2024 30

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Reuters

Oil up as OPEC+ cuts override China, US demand concerns

Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode...

06.03.2024 50

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