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UK's FTSE 100 steadies after worst week since April as miners gain
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.
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Pakistan and world business news from seven outlets, one story per event. Updated 1m ago.
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- Rupee & forexUpdated
Rupee records gain against US dollar
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.
Business Recorder India markets regulator to partly reverse derivative settlement rules after pushback, sources say
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…
Business RecorderAPTMA seeks exemption of EFS imports from Punjab infrastructure cess
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…
Business RecorderIndia's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
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…
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Gold Slightly Expensive But Under Key Level
Gold prices in Pakistan rebounded on Monday after international rates recovered again. According to rates released by the All-Pakistan Gems
ProPakistani
MCB Bank Partners with TrendAI to Strengthen Cybersecurity and Digital Banking Resilience
MCB Bank Limited has strengthened its cybersecurity capabilities through a strategic collaboration with TrendAI, deploying advanced cybersecurity solutions to enhance
ProPakistaniPedalling for a Cause: Faysal Bank and Patients’ Aid Foundation Unite Against Breast Cancer
Faysal Bank Limited (FBL), for the third consecutive year, joined hands with Patients’ Aid Foundation (JPMC) as Title Sponsor of
ProPakistaniSaudi Arabia to cancel Joy Awards, its answer to the Grammys, amid budget cuts, sources say
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…
Business RecorderPakistan-IMF Review Talks to Conclude This Week for 5th Loan Tranche
Pakistan and the International Monetary Fund (IMF) are expected to conclude review talks this week for the release of the
ProPakistaniAustralian shares rise as commodity-linked stocks advance
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…
Business RecorderFBR Gets Power to Check Your Wealth
The Federal Board of Revenue (FBR) has been empowered to require individuals to submit detailed wealth statements for Tax Year
ProPakistaniWheat jumps on Black Sea disruptions, corn eases
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.
Business RecorderThai baht/US dollar weaker on Monday
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.
Business RecorderThailand plans to sell up to $10.7 billion of government bonds from October to December
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.
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