Business
Big banks, business groups sue US Fed over annual stress tests
December 25, 2024
Big banks, business groups sue US Fed over annual stress tests
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the US central bank’s annual “stress tests” of…
Wall Street ends higher as Santa rally begins
December 25, 2024
Wall Street ends higher as Santa rally begins
Wall Street’s main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a…
Pakistan received $3.57bn foreign loans, grants in five months
December 24, 2024
Pakistan received $3.57bn foreign loans, grants in five months
ISLAMABAD: The Economic Affairs Division (EAD) has released details of foreign loans and grants received by Pakistan in the five…
PSX falls over 1,500 points amid profit-taking
December 24, 2024
PSX falls over 1,500 points amid profit-taking
KARACHI: The stock market was turbulent on Tuesday as investors were still cautious after recent volatility and optimism on the…
Price of gold in Pakistan drops
December 24, 2024
Price of gold in Pakistan drops
KARACHI: After remaining stable for a day, the price of gold in Pakistan saw a minor drop on Tuesday, reflecting…
Oil prices rise in thin pre-Christmas trade
December 24, 2024
Oil prices rise in thin pre-Christmas trade
LONDON: Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the…
Sri Lanka’s inflation rate drops to minus 1.7pc in November
December 24, 2024
Sri Lanka’s inflation rate drops to minus 1.7pc in November
COLOMBO: Sri Lanka’s consumer price inflation dropped to minus 1.7% year-on-year in November after easing to minus 0.7% in October,…
IFC backs Pakistani firm to set up tyre manufacturing unit in Sindh
December 24, 2024
IFC backs Pakistani firm to set up tyre manufacturing unit in Sindh
ISLAMABAD: The International Finance Corporation (IFC) and a consortium of Pakistani banks will provide up to $50.2 million-equivalent in financing…
Kuwaiti oil corporation seeks to exit Pakistan, sells key assets
December 24, 2024
Kuwaiti oil corporation seeks to exit Pakistan, sells key assets
ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of leaving Pakistan’s oil and gas sector by selling…
Abolishing non-filer category could impact revenue generation
December 24, 2024
Abolishing non-filer category could impact revenue generation
ISLAMABAD: Finance Minister Mohammad Aurangzeb has recently introduced the Tax Laws Amendment Bill 2024 in Parliament, proposing the elimination of…