Latest News on Business, Finance and Markets from Pakistan

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News

Brecorder
brecorder.com > news > 40/43/9161 > market-expects-status-quo-as-mpc-meets-today

Market expects status quo as MPC meets today

3+ hour, 31+ min ago   (438+ words) The State Bank of Pakistan's Monetary Policy Committee is widely expected to maintain the policy rate at 11.5% today, balancing inflation concerns with improving external buffers. The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today…...

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brecorder.com > news > 40/43/9382 > psx-kse-100-sheds-nearly-1500-points-as-situation-remains-tense-in-me

PSX: KSE-100 sheds nearly 1,500 points as situation remains tense in ME

3+ hour, 45+ min ago   (408+ words) Selling pressure was observed at the Pakistan Stock Exchange (PSX) after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf, with the benchmark KSE-100 Index shedding nearly 1,500 points during the opening minutes of trading on…...

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brecorder.com > news > amp > 40439371

Businesses urged to accelerate investments in AI, digital skills

5+ hour, 54+ min ago   (397+ words) KARACHI: Experts have urged the Pakistani organisations to accelerate massive investment in digital and artificial intelligence (AI) readiness to equip their workforce for the rapidly changing world of work. They stressed that this preparation should go beyond technical skills to…...

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brecorder.com > news > amp > 40439373

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

5+ hour, 45+ min ago   (654+ words) The dollar holds steady while the yen gains ahead of pivotal central bank rate decisions, as Mideast tensions drive oil prices and influence global monetary policy. SINGAPORE: The dollar was steady on Monday, ​with the yen holding on to its…...

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brecorder.com > news > amp > 40439345

FBR???defies??? President???s ADRC???s ruling

8+ hour, 36+ min ago   (380+ words) FBR ‘defies’ President’s ADRC’s ruling Business Recorder ISLAMABAD: Despite a categorical ruling by President Asif Ali Zardari directing implementation of an Alternate Dispute Resolution Committee’s (ADRC) decision in favour of an Islamabad based taxpayer, the Federal Board of Revenue (FBR)…...

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brecorder.com > news > 40/43/9377 > samsung-sk-hynix-reject-kepcos-19-billion-power-prepayment-proposal-document-shows

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

5+ hour, 30+ min ago   (200+ words) Samsung and SK Hynix rejected KEPCO's $18.7 billion upfront payment proposal for power infrastructure, citing uncertainty in long-term semiconductor demand for new mega clusters. SEOUL: Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric ​Power Corp to make…...

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brecorder.com > news > 40/43/9374 > shares-skid-in-asia-as-oil-rises-rate-hikes-loom

Shares skid in Asia as oil rises, rate hikes loom

5+ hour, 40+ min ago   (627+ words) Asian markets slid as oil prices surged due to supply concerns, while investors braced for anticipated interest rate hikes from the US Federal Reserve and Bank of Japan this week. SYDNEY: Share markets slid in Asia on Monday as supply…...

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brecorder.com > news > 40/43/9368 > revival-of-industries-pakistan-needs-intelligent-initiatives

Revival of industries: ‘Pakistan needs intelligent initiatives’

5+ hour, 51+ min ago   (531+ words) KARACHI: Ateeq-ur-Rehman Economic and Financial Analyst has said that Pakistan need intelligent initiatives, plan and targets for revival of our shrinking industries, declining manufacturing and enormously expanding the trade gaps almost with every country in the world, also. The following…...

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brecorder.com > news > 40/43/9372 > oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-hormuz

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

5+ hour, 51+ min ago   (431+ words) Oil prices surged over 2% due to Houthi strikes, Iranian attacks on ships, and the closure of a key Saudi pipeline, intensifying global supply concerns. BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and…...

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brecorder.com > news > amp > 40439317

Australian shares slump to two-month low as miners fall

8+ hour, 36+ min ago   (282+ words) SYDNEY: Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge. The benchmark…...