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Aurangzeb in Beijing to seek debt relief

BEIJING: Finance Minister Muhammad Aurangzeb holds a meeting with his Chinese counterpart Lan Fo’an (not pictured) on Thursday.—APP ISLAMABAD:...

yesterday 20

Dawn Business

Reuters

Oil falls 2pc on ceasefire talks

NEW YORK: Oil prices fell about two per cent to a six-week low on Tuesday on rising expectations of a ceasefire in Gaza and growing concerns about...

wednesday 10

Dawn Business

Reuters

Govt looking for external financing avenues: FM Aurangzeb

Muhammad Aurangzeb ISLAMABAD: Pakistan will focus on meeting its external financing needs by speaking with foreign governments and lenders to draw...

20.07.2024 30

Dawn Business

Reuters

Massive tech outage affects air traffic, communications worldwide

Companies worldwide experienced interruptions amidst an outage of Microsoft’s cloud computing suites on Friday, with flights being grounded, news...

19.07.2024 10

Dawn Business

Reuters

India plans to ease rice export curbs to retain market share against Pakistan

India is likely to cut the floor price for basmati rice exports and replace the 20 per cent export tax on parboiled rice with a fixed duty on overseas...

18.07.2024 50

Dawn Business

Reuters

Gold scales new peak on US Federal Reserve rate-cut hopes

LONDON: Gold prices jumped more than 1 per cent to a record high on Tuesday, as investors flocked to the safe-haven asset after comments from Federal...

17.07.2024 20

Dawn Business

Reuters

EU countries divided over Chinese EV tariffs

BRUSSELS: Euro­pean Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles (EVs) in a...

17.07.2024 20

Dawn Business

Reuters

US tightens aluminium, steel import rules

WASHINGTON: The United States unveiled stri­cter rules Wednesday on steel and aluminium imp­orts from Mexico, moving to prevent China-origin goods...

11.07.2024 20

Dawn Business

Reuters

Oil prices slip from multi-month highs on demand concerns

Oil prices edged lower on Thursday, retreating from the previous session’s multi-month highs, with investors taking profits as demand caution...

04.07.2024 20

Dawn Business

Reuters

Pakistan to tackle potential bidders’ concern over PIA safety ban

Pakistan’s privatisation commission is addressing concerns voiced by those qualified to bid for the country’s national airline about a European...

03.07.2024 40

Dawn Business

Reuters

Pakistan to tackle potential bidders’ concern over airline safety ban

Pakistan’s privatisation commission is addressing concerns voiced by those qualified to bid for the country’s national airline about a European...

03.07.2024 10

Dawn Business

Reuters

Pakistan has met all requirements for IMF bailout deal, finance official says

Pakistan is looking to clinch a staff level agreement on an International Monetary Fund (IMF) bailout of more than $6 billion this month after...

03.07.2024 10

Dawn Business

Reuters

CPI-based inflation clocks in at 12.6pc for June

Headline inflation for June clocked in at 12.6 per cent on the year, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The reading...

01.07.2024 30

Dawn Business

Reuters

Why the Taylor Swift economy isn’t real

Taylor Swift is taking Europe by storm, prompting some pundits to envisage an economic windfall as fans flock to dozens of sold-out shows from Dublin...

29.06.2024 10

Dawn Business

Reuters

NA passes tax-laden budget ahead of talks on fresh IMF loan

The National Assembly on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new International...

28.06.2024 30

Dawn Business

Reuters

Tax-laden budget moved in NA ahead of talks on fresh IMF loan

The National Assembly on Friday moved to pass the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new...

28.06.2024 30

Dawn Business

Reuters

Tax-laden budget sails through NA ahead of talks on fresh IMF loan

The National Assembly on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new International...

28.06.2024 30

Dawn Business

Reuters

Brazil to topple US as top cotton exporter

SAO PAULO: Brazil is set to become the world’s largest cotton exporter in 2023-24, knocking the United States from the top spot it has held for...

27.06.2024 40

Dawn Business

Reuters

Oil edges higher amid crisis in Middle East

NEW YORK: Oil prices rose about one per cent on Wednesday despite a surprise jump in US gasoline supplies, as investors worried that a potential...

27.06.2024 20

Dawn Business

Reuters

Oil prices rise on US crude draw

LONDON: Oil futures climbed on Thursday after the US Energy Information Administration (EIA) reported a draw crude oil and following data showing a...

21.06.2024 20

Dawn Business

Reuters

Indian financial watchdog imposes $2.25m penalty on crypto exchange Binance

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million on the world’s largest crypto exchange, Binance, for operating in...

20.06.2024 40

Dawn Business

Reuters

Oil hits 7-week high

LONDON: Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that...

20.06.2024 40

Dawn Business

Reuters

Pakistan’s budget will aim to set stage for IMF bailout: analysts

Pakistan’s coalition government is expected to lay out ambitious fiscal targets in the 2024/2025 (July-June) budget on Wednesday that will help...

10.06.2024 20

Dawn Business

Reuters

World food prices rise for third straight month: UN

LONDON: The United Nations world food price index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed...

08.06.2024 30

Dawn Business

Reuters

Indian shares see worst session in 4 years on narrower lead for Modi’s alliance

Indian shares plunged over 8 per cent on Tuesday, set for their worst day in four years and erasing their gains for 2024, as vote-counting trends...

04.06.2024 70

Dawn Business

Reuters

India shares plunge as polls show Modi’s mandate slipping

Indian stocks tanked the most in four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led...

04.06.2024 30

Dawn Business

Reuters

Six companies chosen to bid for PIA: minister

ISLAMABAD: Pakistan has selected six companies qualified to bid to buy national carrier Pakistan International Airlines (PIA), the privatisation...

04.06.2024 70

Dawn Business

Reuters

Inflation slows to 11.8pc in May, lowest in 30 months

Pakistan’s consumer price index (CPI) in May rose 11.8pc from a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Monday,...

03.06.2024 40

Dawn Business

Reuters

Low prices, slow spending could bolster Fed’s faith in inflation outlook

WASHINGTON: Price cuts by major US retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in...

02.06.2024 50

Dawn Business

Reuters

Inflation to hover around 13.5-14.5pc in May: finance ministry

Inflation is expected to hover between 13.5 to 14.5 per cent in May and to ease further to 12.5 to 13.5pc by June, according to a monthly economic...

29.05.2024 40

Dawn Business

Reuters

Oil rises 1pc ahead of US inflation data

HOUSTON: Oil prices rose over 1 per cent in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised...

28.05.2024 30

Dawn Business

Reuters

IMF, Pakistan make significant progress on new loan, lender’s mission says

An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund...

24.05.2024 90

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Reuters

US pushes for G7 response to China’s industrial overcapacity

FRANKFURT: US Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China’s industrial overcapacity...

22.05.2024 90

Dawn Business

Reuters

Shares at PSX hit fresh record on rate cut hopes, IMF talks

Pakistan Stock Exchange’s benchmark share index touched another all-time high on Wednesday, breaching the key level of 75,000, on hopes that easing...

15.05.2024 20

Dawn Business

Reuters

Govt unveils broader privatisation plan for state-owned enterprises

Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday,...

14.05.2024 40

Dawn Business

Reuters

Citi sees new $8bn loan deal by July

LONDON: Wall Street Bank Citi expects Pakistan to reach an agreement with the International Monetary Fund for a new four year of up to $8 billion...

14.05.2024 50

Dawn Business

Reuters

Downside risks for Pakistan remain exceptionally high: IMF

Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday in its staff report ahead of the...

10.05.2024 20

Dawn Business

Reuters

PSO proposes swapping debt for stake in public sector companies

Pakistan State Oil (PSO) said it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting...

09.05.2024 30

Dawn Business

Reuters

Engro looking to go global, says Samad Dawood

KARACHI: Pakistan’s largest conglomerate, Engro Corp, is looking to expand into new markets, including the Middle East, Central Asia and Africa, the...

08.05.2024 40

Dawn Business

Reuters

PSX’s benchmark KSE-100 index rises by 860 points on back of Saudi visit

The Pakistan Stock Exchange’s benchmark KSE-100 index rose by 860 points on Monday amid a visit by a Saudi investment delegation. According to the...

06.05.2024 50

Dawn Business

Reuters

PSX’s benchmark KSE-100 index rises to intraday high of 73,060 points

Pakistan Stock Exchange’s benchmark KSE-100 index rose 1.5 per cent during intraday trade on Monday, to an intraday high of 73,060.74 points. The...

06.05.2024 50

Dawn Business

Reuters

IMF mission expected in Pakistan this month to discuss new loan deal

The International Monetary Fund’s (IMF) mission is expected to visit Pakistan this month to discuss a new programme, the lender confirmed on Sunday...

05.05.2024 30

Dawn Business

Reuters

World food prices up in April for second month: FAO

PARIS: The United Nations food agency’s world price index rose for a second consecutive month in April as higher meat prices and small increases in...

04.05.2024 60

Dawn Business

Reuters

Lowest inflation rate in 2 years result of PDM govt’s hard work: PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday declared the downward trend of inflation as “welcome news” for the people, saying that inflation falling...

02.05.2024 40

Dawn Business

Reuters

Biden blames China, Japan and India’s economic woes on ‘xenophobia’

President Joe Biden said on Wednesday that “xenophobia” from China to Japan and India was hobbling their growth, as he argued that migration has...

02.05.2024 40

Dawn Business

Reuters

Inflation slows to 17.3pc for April, lowest in nearly two years

Pakistan’s consumer price inflation slowed to 17.3 per cent in April from a year earlier, data from Pakistan Bureau of Statistics (PBS) showed on...

02.05.2024 20

Dawn Business

Reuters

Barrick not bidding for Anglo American

TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building...

02.05.2024 20

Dawn Business

Reuters

Inflation to hover at 18.5pc-19.5pc in April: finance ministry

The finance ministry said on Tuesday that inflation is expected to hover between 18.5 to 19.5 per cent in April and ease in May to 17.5-18.5pc, aiming...

30.04.2024 30

Dawn Business

Reuters

India set to sign trade deal with Oman to expand its Middle East ties

India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle...

27.04.2024 40

Dawn Business

Reuters

‘IMF surcharges on borrowings exacerbate global inequities’

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the...

25.04.2024 40

Dawn Business

Reuters

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