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PM Shehbaz says wheat price to be announced after provincial consultations
Prime Minister Shehbaz Sharif said on Tuesday that the government will announce the wheat price after consultations with the provinces, stressing that the decision must ensure fair returns for…
Business RecorderIndia's benchmark bond breaks 4-day falling streak as value investors return
MUMBAI: Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market.
Business RecorderSri Lankan shares dip as communications, financial stocks weigh
Sri Lankan shares closed lower on Tuesday, dragged down by communications and financial stocks. The CSE All-Share index settled 0.9% lower at 20,077.48 points.
Business RecorderIndia's Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say
MUMBAI: The flagship firm of India’s Adani group, Adani Enterprises, plans to raise around 20 billion rupees ($210 million) through the sale of short-duration bonds, two merchant bankers directly…
Business RecorderSE Fruits and Vegetable to refile IPO application with additional disclosures
SE Fruits and Vegetable Limited will withdraw its existing initial public offering (IPO) application and submit a fresh one with additional disclosures about the transition of its underlying…
Business RecorderCopper edges up on mine supply disruption, tight stocks
Copper prices rose for a third straight session on Tuesday as persistent concerns over a supply shortage kept the metal within striking distance of an all-time peak.
Business Recorder
SECP Implements New Rules Against Terror Financing
The Securities and Exchange Commission of Pakistan (SECP) has issued a new guidebook directing its regulated entities to strengthen checks
ProPakistaniPalm climbs to two-week high as El Niño supply fears outweigh stocks
KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to hit a more than two-week high on Tuesday, as concerns over tighter supplies next year — due to El Niño and growing biodiesel…
Business RecorderIndia's ICICI Life posts key quarterly margin below estimates, shares slide
BENGALURU: India’s ICICI Life Insurance reported new business margins below expectations on Tuesday, sending shares sliding 3%, while second-quarter profit jumped 25% year-on-year.
Business RecorderIndian benchmark shares jump as encouraging HCLTech earnings propel IT buying
Indian benchmark shares rose on Tuesday, led by the IT index’s biggest one-day gain in more than 17 months after estimate-beating results from HCLTech and as the central bank’s support for the rupee…
Business RecorderIndia rupee outpaces Asian peers on fresh FX curbs, RBI intervention
MUMBAI: The Indian rupee outperformed its regional peers on Tuesday, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that…
Business RecorderIndia postpones UPI payment fee rollout until after Diwali festival
MUMBAI: India has postponed the rollout of a fee on large payments via its popular Unified Payments Interface platform until after the Diwali festival, the National Payments Corporation of India…
Business Recorder
SECP Announces New Fine for Insurance Companies
The Securities and Exchange Commission of Pakistan (SECP) has proposed new rules requiring insurers to complete claim assessments within 15
ProPakistaniEuropean stocks hit one-week high on easing oil, yields; LVMH drags luxury stocks
European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector.
Business Recorder
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