Business News
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US Election Results 2024: Donald Trump Wins Second Non-Consecutive Term
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After a bitter and highly contested campaign, US voters have chosen Republican presidential nominee Donald Trump for a second non-consecutive term in the Oval Office. The election has sparked national debate, with Kamala Harris, the Democratic nominee, trailing behind in…
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Temu, Shein gear up for legal battle in UK
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[ad_1] Illustration shows Shein and Temu logos. — Reuters Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London’s High Court, with the rivals trading allegations of copyright infringement and anti-competitive behaviour in competing lawsuits….
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Former SECP chief Farrukh H Sabzwari appointed CEO of PSX
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[ad_1] Farrukh H Sabzwari addresses an event at Central Depository Company of Pakistan in this undated photo. — CDC/File Pakistan Stock Exchange (PSX) has appointed veteran investment banker Farrukh H Sabzwari as its Chief Executive Officer (CEO) for a three-year…
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SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
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[ad_1] The State Bank of Pakistan’s (SBP) old building in Karachi. — AFP/File The State Bank of Pakistan (SBP) on Monday eased its monetary policy for fourth time in a row, lowering the key interest rate by 250 basis points…
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Market rallies as investors anticipate SBP rate cut
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[ad_1] Pakistani stockbrokers watch the latest share prices on a digital board during a trading session at the PSX in Karachi on May 28, 2013. — AFP The Pakistan Stock Exchange (PSX) rallied strongly as the beginning of the week,…
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Miftah Ismail says provinces should serve their people, not run airlines
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[ad_1] Former finance minister Miftah Ismail addressing a press conference in this undated picture. — AFP/File ISLAMABAD: Coming down hard on the Khyber Pakhtunkhwa and Punjab governments for showing interest in acquiring the loss-making Pakistan International Airlines (PIA), Former finance…
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CPI stats trigger off over 1,800-point rally at PSX ahead of SBP meeting
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied on Friday, spurred by October’s mild inflation data, strengthening expectations for the…
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Inflation up at 7.2% in Oct as SBP gets ready for policy rate decision
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[ad_1] People look at handbags on display outside shops in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. — Reuters Pakistan’s annual inflation edged up to 7.2% in October 2024, registering an increase from 6.9%…
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No further extension in deadline to file tax return: FBR
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[ad_1] An undated image of a cashier counting Rs500 notes. — AFP/File ISLAMABAD: A spokesperson of the Federal Board of Revenue (FBR) stated on Friday there was no possibility of a further extension in the deadline to file income tax…
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Govt increases petrol price by Rs1.35
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[ad_1] Fuel station worker filling petrol in vehicle, at Fuel Station in Karachi on Tuesday, April 16, 2024. — PPI ISLAMABAD: The federal government on Thursday increased the price of petrol by Rs1.35 for the next fortnight in line with…
