Asian Stocks Fall as Oil Prices Surge on Gulf Tensions
Asian stocks declined amid concerns over semiconductor overcapacity while oil prices surged due to renewed tensions in the Middle East.
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Currency
Indian shares set to open flat amid earnings reports
Key Indian companies like Reliance Industries and HDFC Bank are due to release their earnings, while oil prices hover around one-month highs.
PIA’s Fleet to Expand to 60 Aircraft Over Next Decade
Businessman Arif Habib outlines plans to expand Pakistan International Airlines’ fleet to 60 aircraft over the next decade, aiming for improved performance
Gulf War Fuels Foreign Investment Outflow from Pakistan
Bahrain and UAE withdraw investments as conflict continues, impacting Pakistan’s economy.
ISMO Agrees to Include 269MW Dhabeji Hybrid Project as Optimized
ISMO has agreed to include the 269 MW hybrid Dhabeji project as an optimised candidate in its IGCEP-2025 after re-simulation based on…
Pakistan Cables Limited Reports Staggering Growth in Net Profit but Faces Challenges
PCAL's financial performance shows a surge in profits followed by declining margins and eventual net losses.
Energy IPOs Surge as Investors Seek AI Investments
Energy companies are raising $12.6 billion through IPOs, marking the highest half-year level since late 1999 and driven by investors’ hunt for…
Pakistan and Russia Forge New Trade Ties Through Barter Mechanism
The Pakistan-Russia Business Council is facilitating new trade ties through a barter mechanism, reviving historical economic cooperation.
Gold prices fall as Middle East tensions boost US rate hike expectations
Escalating Middle East tensions push gold down as investors bet on a September interest rate hike by the Federal Reserve.
Pakistan rupee strengthens against dollar, hits 19-month high
The Pakistani rupee breaches Rs278 against the US dollar for the first time in 19 months due to soft inflation data and…
Rupee Reaches 277 Against Dollar for First Time in Over Two Years
Pakistani rupee closes at 277.97 against US dollar after 199 consecutive days of gains.
US gas prices surge as Iran tensions escalate
Diesel fuel in the US now costs over $5 per gallon due to heightened tensions between the US and Iran.
Textile Industry Urges Prime Minister for Immediate Policy Measures
The Pakistan Textile Council has called on the government to introduce urgent policy measures to address challenges such as high production costs…
South African rand faces pressure amid US-Iran tensions
The South African rand weakened as investors reacted to US strikes on Iran, with oil prices rising and inflation concerns growing.
Asian shares fall as chipmakers struggle, bonds gain from inflation data
Asian stock markets declined due to semiconductor company performance concerns. TSMC's earnings are expected to be strong but face investor skepticism.
BOK Raises Interest Rates Amid Inflation Concerns
South Korea's central bank hikes benchmark interest rate by 25 basis points to counter inflation and stabilize currency.
Merit Packaging Limited Reports Mixed Financial Performance Despite Revenue Growth
Merit Packaging Limited reports revenue growth despite negative gross margins and operating losses, highlighting challenges faced by the company over the l
IMF Underestimates Pakistan’s Economic Growth, Experts Argue
Experts argue that the IMF's projection for Pakistan's FY27 economic growth is too low, citing existing momentum and recent data.
Gulf stock markets dip as US-Iran tensions escalate
Most Gulf markets ended lower on Wednesday due to heightened U.S.-Iran tensions and geopolitical uncertainty.
Rupee Likely to Reach 277 Against Dollar Tomorrow
Pakistani rupee is set to reach a new low of 277 against the US dollar tomorrow after gaining one paisa today.