Business
Pakistan default risk declines 88%: report
December 25, 2024
Pakistan default risk declines 88%: report
KARACHI: Pakistan’s perceived risk of default has sharply declined, as reflected by the 88% fall in its five-year credit default…
Exports to EU surge by 14% in first five months of FY25 to $4.8bn
December 25, 2024
Exports to EU surge by 14% in first five months of FY25 to $4.8bn
KARACHI: Pakistan’s exports to the European Union (EU) grew by 14% to $4.8 billion during the first five months of…
Thai government plans slightly higher spending in 2025-2026 fiscal year
December 25, 2024
Thai government plans slightly higher spending in 2025-2026 fiscal year
BANGKOK: Thailand is planning a small rise in spending of 3.78 trillion baht ($110.7 billion) for the 2026 fiscal year…
Toyota global production down for 10th month despite rising sales
December 25, 2024
Toyota global production down for 10th month despite rising sales
TOKYO: Toyota Motor’s global production decreased for a 10th straight month in November, the Japanese carmaker said on Wednesday, although…
Apple seeks to defend Google’s billion-dollar payments in search case
December 25, 2024
Apple seeks to defend Google’s billion-dollar payments in search case
Apple has asked to participate in Google’s upcoming US antitrust trial over online search, saying it cannot rely on Google…
US remains Pakistan’s top export destination, China leads in imports
December 25, 2024
US remains Pakistan’s top export destination, China leads in imports
ISLAMABAD: The United States maintained its position as the top export destination for Pakistani products, while China remains the leading…
Regular Income Certificates profit rates revised for December 2024
December 25, 2024
Regular Income Certificates profit rates revised for December 2024
KARACHI: The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates for various products, including Regular…
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…