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Copper ticks up as Fed rate hike bets cool
SINGAPORE: Copper nudged up on Monday , supported by an improving demand outlook after cooling interest rate expectations outweighed pressure from a strong dollar.
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Pakistan and world business news from seven outlets, one story per event. Updated 1m ago.
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Fake Firms Imported 71,815 Routers Worth Rs. 3.2 Billion in Money Laundering Scheme
The Collectorate of Customs Airport Karachi has uncovered imports worth Rs. 3.2 billion allegedly carried out through two fake companies
ProPakistaniIndian rupee set for mild relief from dip in oil, fading Fed October hike bets
MUMBAI: The Indian rupee is expected to see some respite on Monday , with softer oil prices and further paring of bets on an October Federal Reserve rate hike easing pressure on the currency.
Business RecorderIndian shares poised to rebound as Fed-hike fears, oil prices ease
Indian shares were set to open higher on Monday after posting their longest weekly losing streak in 25 years, supported by easing concerns over aggressive US monetary tightening and a pullback in…
Business RecorderGold gains as October Fed rate hike prospects fade
Gold prices drifted higher on Monday after recent soft economic data sharply lowered expectations of a Federal Reserve rate hike in October, increasing the appeal of the non-yielding asset.
Business RecorderGovt says fully focussed on energy supplies
LAHORE: Federal Minister for Petroleum Ali Pervez Malik on Sunday said that a summary had also been submitted to the federal cabinet to facilitate the import of LPG from abroad so that consumers…
Business RecorderDisputed amount under protest not admission of guilt: LHC
ISLAMABAD: The Lahore High Court (LHC) has ruled that payment of a disputed amount under protest cannot, by itself, be treated as an admission of guilt before the Federal Board of Revenue (FBR).
Business RecorderIranian minister quits, replaced by oil executive
TEHRAN: Iran’s oil minister Mohsen Paknejad has resigned and been replaced by the country’s top oil executive, the president’s office said in a statement on Sunday, amid a blockade on Tehran’s oil…
Business Recorder325 million barrels of oil from strategic reserves released: IEA
PARIS: The International Energy Agency said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from 400 million…
Business RecorderSECP proposes accreditation framework for insolvency professionals
The Securities and Exchange Commission of Pakistan (SECP) has sought public comments on a proposed accreditation framework for official liquidators, provisional managers and insolvency experts.
Business Recorder
PM stresses efforts for export-led growth as macroeconomic stability achieved
Prime Minister Shehbaz Sharif speaks at Spectrum Auction License Ceremony in Islamabad l.
Geo NewsFBR detects Rs9.4bn tax fraud through forged wealth statements
An undated image of the Federal Board of Revenue building in Islamabad.
Geo News
US inflation rises less than expected: What to know
US inflation increased more slowly than expected in August which could lead financial markets to further diminish the likelihood of another rate…
The NewsGovt approves limited sugar exports despite industry demand for 'larger quota'
Workers prepare sugar bags at a warehouse in Islamabad. — AFP/FileDPM Dar directs ministries to expedite export formalities.Pakistan holds over 2.6 million tonnes of sugar stocks.PSMA chief says…
Geo NewsFinMin Aurangzeb's US Exim talks covered financing for Boeing aircraft, says adviser
Ground staff stand next to the Pakistan International Airline aircraft ahead of its takeoff for Paris at the Islamabad International Airport on Jan 10, 2025.
Geo NewsChina weighs allowing ByteDance, Alibaba to purchase new Nvidia RTX Pro 5500 chips
China's Ministry of Industry and Information Technology has asked major domestic tech firms—including ByteDance and Alibaba—to report their purchasing plans for Nvidia's newly unveiled RTX Pro 5500…
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