Business

Oil prices nudge down on demand concerns, focus on Fed meeting

Oil prices nudge down on demand concerns, focus on Fed meeting

BEIJING/SINGAPORE: Oil prices nudged lower on Tuesday as China’s economic data renewed demand concerns, while investors remained cautious ahead of…
Alibaba to sell China department store chain Intime for $1.3 bln loss

Alibaba to sell China department store chain Intime for $1.3 bln loss

BEIJING: Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion…
Stock market surpasses 116,000 mark amid rate cut anticipation

Stock market surpasses 116,000 mark amid rate cut anticipation

KARACHI: The stock achieved another milestone on Monday, surpassing the 116,000-point mark for the first time during early trading. This…
SBP cuts policy rate by 200bps to 13pc

SBP cuts policy rate by 200bps to 13pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday slashed the policy rates by…
Pakistan to increase olive cultivation for agricultural growth: minister

Pakistan to increase olive cultivation for agricultural growth: minister

ISLAMABAD: Pakistan has been eyeing an increase in olive cultivation to boost its agricultural growth, said National Food Security Minister…
Curb on unofficial forex trade boosts Pakistan’s remittances and reserves

Curb on unofficial forex trade boosts Pakistan’s remittances and reserves

LAHORE: Pragmatic steps by the Pakistan government, including curb on illegal foreign-exchange trade, has boosted country’s foreign exchange reserves to…
Oil drops from highest in weeks, focus on Fed rate cuts

Oil drops from highest in weeks, focus on Fed rate cuts

SINGAPORE: Oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve…
Inflation rate drops to 6.5-year low, signaling economic stabilization

Inflation rate drops to 6.5-year low, signaling economic stabilization

KARACHI: The country’s inflation trajectory has demonstrated a remarkable downward trend, with the rate plummeting to 4.9% in November 2024,…
Govt intensifies anti-smuggling efforts to stabilize national economy

Govt intensifies anti-smuggling efforts to stabilize national economy

ISLAMABAD: Govt agencies have significantly escalated their anti-smuggling operations, implementing strategic interventions to disrupt illicit trade networks and support national…
Govt keeps petrol price unchanged for next fortnight

Govt keeps petrol price unchanged for next fortnight

ISLAMABAD: The federal government on Sunday notified that the prices of petrol will remain unchanged for the next fortnight starting…
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