Business
Oil prices nudge down on demand concerns, focus on Fed meeting
December 17, 2024
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
December 17, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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
December 16, 2024
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…