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Business
Traders Warn Opposition to Budget Over Exclusion from Consultation
News Desk
Rawalpindi: Trader leaders voiced their stance during a press conference in Rawalpindi, asserting that ‘if the Chambers and business community are excluded from budget consultations, the All Pakistan Chambers Presidents…
Honda Doubling Investment in EVs to $65 bn
AFP/APP
Tokyo: Honda announced plans Thursday to double investment in electric vehicles to $65 billion by 2030 as the Japanese auto giant seeks to go fully electric.
The company is aggressively pursuing a target set three years ago of…
Tokyo Stocks End Higher
AFP/APP
Tokyo: Tokyo stocks closed higher on Thursday following Wall Street rallies after US consumer price inflation eased.
The benchmark Nikkei 225 index was up 1.39 percent, or 534.53 points, to end at 38,920.26, while the broader…
Asian Markets Track Wall St Records after US Inflation Data
AFP/APP
Hong Kong: Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.
The news sent all three main indexes on Wall…
Gold Rates Up by Rs 2,900 Per Tola to Rs 244,000
APP
Islamabad: The per tola price of 24 karat gold increased by Rs 2,900 and was sold at Rs 244,000 on Wednesday compared to its sale at Rs 241,100 on last trading day.
The price of 10 grams of 24 karat gold also increased by Rs…
China Tech Giant Alibaba Posts Modest Yearly Revenue Growth
AFP/APP
Beijing: Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed.
The Hangzhou-based company is…
Foreign Exchange Rates
APP
Karachi: On Tuesday, the Exchange Rates Committee of the Financial Markets Association of Pakistan released the following bulletin on exchange rates:
CONVERSION RATES FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING…
EU Stocks Uncertainty Persist as US Tariff Plans on China Loom
News Desk
London: European equities hesitated on Monday as investors paused ahead of key US inflation data, following last week's record-breaking highs driven by hopes of interest rate cuts and Britain's emergence from recession.…
Shanghai Greenlights Tesla’s Mega Factory Construction
Xinhua/APP
Shanghai: Tesla Inc. has been granted a construction permit for a new mega factory project, as confirmed by the management committee of Lingang new area within the China (Shanghai) Pilot Free Trade Zone.
This marks Tesla's…
PSX 100 Index Soared to New Heights Today
News Desk
Islamabad: Pakistan Stock Exchange (PSX) 100 Index soared to new heights in today's trading session, achieving two remarkable milestones.
The PSX benchmark 100 index surged to an unprecedented high of 74,114 points during…