Saudi Arabia says new oil cuts show teamwork with Russia is strong
Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market,...
PKR surges by Rs15 against US dollar following IMF deal
ISLAMABAD: On Tuesday, the Pakistani rupee experienced a significant gain of Rs15 against the US dollar in the interbank market. This boost...
PSX roars: The mechanics behind Monday’s Bull-runÂ
Trading halted due to abnormal activity within 10 minutes of the opening of the markets on a day that marked the highest ever single day increase for the exchange. Â
PSX witnesses unprecedented rally, trading halted after minutes
KARACHI: The Pakistan Stock Exchange (PSX) temporarily stopped trading due to an unusual surge in the market following the staff-level agreement between...
China’s tumbling industrial profits deepens economic gloom
Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes...
Cash-strapped Sri Lanka to restructure domestic debt
Colombo: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the...
China’s state banks seen selling dollars offshore to slow yuan drop – sources
China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of...
S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%
S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...
Oil climbs, rouble falls as markets take mutiny in stride
Oil was slightly higher on Monday and the rouble lower as an abortive weekend mutiny by Russian mercenaries raised questions about Russian...
Pakistan takes steps to finalize agreement with UAE over KPT
Pakistan has established a negotiation committee to finalize an agreement with the United Arab Emirates (UAE) regarding the transfer of its Karachi...
India’s Modi seeks African Union’s full membership in G20
Indian Prime Minister Narendra Modi has written to the leaders of the G20 nations proposing the African Union be given full, permanent...
KP decides to freeze 517 development projects worth Rs469b
The Khyber Pakhtunkhwa (KP) government has ordered the freezing of 517 development projects worth Rs. 469 billion in the current developmental program....
Massive closure, job losses loom as APTMA demands competitive energy tariffÂ
APTMA Chairman warned that withdrawing the RCET would lead to a loss of $10bn in exports annually
Signs of de-dollarisation emerge, but dollar top currency: JPMorgan
There are some signs of de-dollarisation emerging right now, but the dollar should retain its "large footprint" for the foreseeable future, JPMorgan...
Punjab Board of Revenue implements strict measures to expedite property mutation process
No construction in Murree permitted without obtaining NOC from 10 departments says SMBR