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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 4m ago.
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Indian bonds take a breather before RBI policy outcome
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…
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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
ProPakistaniPSX: selling at bourse, KSE-100 down over 800 points
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.
Business RecorderIndian 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 RecorderMG Morning Breeze: Updates to Skim before Market
Mettis GlobalGovt 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 RecorderAPTTA seeks permission to import wood logs with bark
KARACHI: Pakistan’s multibillion-rupee wood industry is facing serious challenges due to regulatory restrictions on wood imports, prompting the wood traders to urge the government to allow the…
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 RecorderUBG chief expresses concern over trade deficit
KARACHI: United Business Group (UBG) President Zubair Tufail has expressed concern over Pakistan’s trade deficit reaching $10.8 billion during the first quarter of the current fiscal year.
Business RecorderThousands attend JI rally to support the Palestinians
KARACHI: A large number of people attended the rally of Jamaat-e-Islami (JI) here Sunday to express solidarity with the Palestinians.
Business RecorderRussian delegation visits UAF
FAISALABAD: A delegation of Russian research and development (R&D) company, a manufacturer of pesticides and agrochemicals Schelkovo Agrohim, visited the University of Agriculture Faisalabad (UAF)…
Business RecorderWheat, sugarcane: KBP demands announcement of support prices
LAHORE: The Kissan Board Pakistan (KBP) has demanded immediate announcement of support prices of Rs 5,000 per 40kg for wheat and Rs 700 per 40kg for sugarcane, warning that farmers would launch…
Business RecorderCM launches five road projects under PPP
LAHORE: Chief Minister Punjab Maryam Nawaz Sharif on Sunday formally launch-ed five road projects under the Punjab Public-Private Partnership (PPP) Authority, handing their management and operations…
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