Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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Ratings agency Fitch said Saudi Arabia’s 2027 pre-budget statement highlighted the fiscal pressures from the US-Iran war, with the government projecting higher spending and wider budget deficits.
Pakistan’s recent talks with the US Export-Import Bank (EXIM) are opening a new channel for financing major projects — from Pakistan International Airlines’ planned Boeing purchases to refinery…
MUMBAI: T he Indian rupee ended little changed on Monday, wedged between pressures from a broadly firmer dollar, higher oil prices and likely intervention by the Reserve Bank of India, which kept…
The UK’s FTSE 100 rose on Monday, steadying after its steepest drop since April last week, as mining shares led gains and oil prices stayed in check.
The Pakistani rupee extended its marginal gains against the US dollar in the inter-bank market on Monday. The local unit closed the day at 277.06, a gain of Re0.01 against the greenback.
MUMBAI: India’s markets regulator will partly reverse plans to overhaul the mechanism used to determine the closing prices of key stocks and derivative contracts linked to them, two sources with…
The All Pakistan Textile Mills Association (APTMA) has urged the Pakistan Single Window (PSW) to exempt goods imported under the Export Facilitation Scheme (EFS) from Punjab Infrastructure…
MUMBAI: Indian sunflower oil imports fell in September to their lowest level in more than four years after the Ukraine war disrupted shipments, prompting refiners to increase palm oil purchases to…
Saudi Arabia is set to cancel next year’s Joy Awards, its star-studded answer to the Oscars or the Grammys, as financial strain and the Iran war hit the country’s nascent entertainment sector, two…
Australian shares rose on Monday , supported by gains in mining, financial and energy stocks, while investors continued to assess the outlook for interest rates after the central bank lifted its…
SINGAPORE: Chicago wheat rose almost 1% on Monday , recovering from a multi-week low as a lack of progress in restoring Black Sea supplies disrupted by the Russia-Ukraine war supported prices.
BANGKOK: The Thai baht weakened against the US dollar on Monday . At 0208 GMT, the baht was 0.22% lower at 33.57 versus the dollar, after trading in a range of 33.550 to 33.610.
BANGKOK: Thailand plans to sell up to 361.2 billion baht ($10.7 billion) of government bonds during the October-December period for debt restructuring and management, the finance ministry said.
The International Monetary Fund said it reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility to unlock financing of about $345 million.
MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Monday to support the rupee, four traders told Reuters , helping the currency withstand pressure coming from a…
SINGAPORE: Copper nudged up on Monday , supported by an improving demand outlook after cooling interest rate expectations outweighed pressure from a strong dollar.
MUMBAI: Indian government bonds held steady early Monday as traders stay sidelined ahead of the Reserve Bank of India’s policy verdict this week, while softer US Treasury yields temper jitters from…
NEW DELHI: India and the United States have reached a plateau in their trade deal talks, India’s Finance Minister Nirmala Sitharaman said on Monday, a further sign that the two sides have hit a wall…
Selling was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points during the opening minutes of trading on Monday.
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.
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