Business
ECC to consider approval of social impact bond
December 17, 2024
ECC to consider approval of social impact bond
ISLAMABAD: A meeting of the federal cabinet’s Economic Coordination Committee (ECC) has been summoned for approval of amount to issue…
LSMI sheds by 0.64pc in first four months of FY2024-25
December 17, 2024
LSMI sheds by 0.64pc in first four months of FY2024-25
KARACHI: The Large Scale Manufacturing Industries (LSMI) in Pakistan witnessed a negative growth of 0.64 per cent during the first…
China plans record budget deficit of 4% of GDP in 2025
December 17, 2024
China plans record budget deficit of 4% of GDP in 2025
BEIJING: Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year,…
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…