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New PSX Traders Prefer One Stock
Around 40 percent of members using the Pak Stock Exchange practice trading platform prefer bank stocks, which is the most
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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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European shares edge higher as ASML's AI demand outlook boosts tech
European shares inched up on Wednesday, recovering from modest losses in the previous session, as strong results from ASML lifted the technology sector.
Business RecorderUS-Russia deal on diesel is ‘very risky choice,’ Italy PM Meloni says
ROME: The deal between the United States and Russia over diesel supply is a “very risky choice” that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine…
Business RecorderJordan issues tender to buy up to 120,000 metric tons wheat, traders say
HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on…
Business RecorderPakistan’s Quantum Data plans local assembly of lithium batteries under China deal
Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s…
Business Recorder
PD says no fresh CCI approval needed for DISCO privatisation
Privatisation Division (PD) has maintained that fresh approval from the Council of Common Interests (CCI) is not required to privatise power distribution companies (DISCOs), citing earlier decisions…
Business RecorderECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an…
Business RecorderPalm oil rises for third day, tracking crude oil and Dalian
JAKARTA: Malaysian palm oil futures rose for a third consecutive session on Wednesday, buoyed by stronger crude oil prices and gains in rival edible oils on the Dalian market.
Business RecorderChina's crude stocks slump despite slight rise in September import rate
BEIJING: China’s September crude oil imports dropped 21.5% from a year earlier, customs data showed, with higher refinery runs and delayed crude arrivals contributing to the biggest monthly draw in…
Business RecorderPakistan Wants New $7 Billion Saudi Oil Deal
Pakistan has asked Saudi Arabia to consider a 15-year oil financing facility worth $6.7 billion as the government seeks to
ProPakistaniOil prices climb as Iran deploys new tactics to target ships transiting Hormuz
TOKYO: Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to…
Business Recorder
Addressing rising costs, arresting decline: PTEA wants 6-8pc DLTL support tied to 10pc rise in exports
ISLAMABAD: Pakistan’s textile exporters have sought temporary Drawback of Local Taxes and Levies (DLTL) support of 6-8 percent, linked to a 10 percent increase in exports, as part of a broader…
Business Recorder
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