Deregulate sugar, wheat markets: FPCCI | The Express Tribune
LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture has recommended the government deregulate sugar and wheat markets, advocating for a free trade approach. This would allow price signals to reach stakeholders, encouraging investment, increasing competitiveness, and reducing distortions in local supply. FPCCI Chairman of the Agriculture Committee, Ahmad […]
Stock markets diverge on rates, US election debate watch
Trader on the floor of the New York Stock Exchange in New York City, USA on March 4, 2024. — AFP LONDON: Global stock markets diverged Tuesday as traders assessed the outlook for interest rates in the United States and Europe and awaited the US presidential debate. Wall Street’s main indices opened modestly after rallying […]
Oil rebounds as hurricane threat stabilises markets | The Express Tribune
LONDON: Oil futures edged up on Monday as the risk of production disruptions from a potential hurricane approaching the US Gulf Coast helped prices steady after last week’s heavy losses. Brent crude was up 16 cents, or 0.23%, to $71.22 a barrel at 1315 GMT while West Texas Intermediate crude futures were 19 cents, or […]
Gold price decreased in both global and local markets | The Express Tribune
Listen to article The price of gold has dropped in both global and local markets. The price of gold in the local markets has carried its downwards trend from the previous week. The price of 24-karat gold per tola has fallen by 1,100 rupees to 260,400 rupees. Similarly, the price of gold per 10 grams has decreased by […]
Earnings, global markets help PSX recover | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX), after coming under pressure initially, rebounded and closed with a modest rise of nearly 350 points in the outgoing week as investor interest grew in the face of robust corporate results and recovery in global equities. At the beginning, the market’s momentum was largely influenced by investor hesitation, caused by […]
Greater access to US markets sought | The Express Tribune
ISLAMABAD: Federal Minister for Industries, Production, and National Food Security Rana Tanveer Hussain on Wednesday underscored the necessity of granting new Pakistani agricultural products access to the American market. During a meeting with United States Ambassador to Pakistan Donald Blome, Hussain expressed his appreciation for the ongoing US cooperation, particularly highlighting the Research and Endowment […]
Gold prices dip in international and local markets | The Express Tribune
Gold prices have decreased in both international and local markets, as reported by industry sources. The dip came a day after gold surged to a new all-time high of Rs257,300 per tola (11.66 grams) in Pakistan. The surge was attributed to weaker US employment data and escalating political tensions in the Middle East. According to […]
Asian markets lack direction as disappointing US tech earnings impact stocks; yen strengthens | The Express Tribune
Asian stocks were subdued on Wednesday after lacklustre earnings from US tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the table. The US dollar was broadly firm, with traders watching out for an inflation reading on Friday […]
IMF deal boosts capital markets | The Express Tribune
KARACHI: Pakistan’s capital markets are poised to celebrate an unexpected early win with the staff-level agreement on a $7 billion extended fund facility (EFF) with the International Monetary Fund (IMF). This 37-month agreement is expected to propel the stock market beyond the recent record high of over 81,000 points on Monday, while the rupee is […]
Cheaper Chinese EVs dominate world markets | The Express Tribune
KARACHI: Chinese electric vehicles (EV) are gaining immense popularity throughout the world because of their cheaper rates and amusing features, flooding and astonishing the US and European markets despite tough competition with local industries in the West. China has knuckled down to do far more work on research and development with a view to having […]