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FRANKFURT: The European Central Bank warned on Thursday a stronger euro could push inflation down too far after recent gains in the single currency, but sought to downplay any immediate threat to the eurozone economy. As expected, the cent
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ISLAMABAD: Pakistan on Thursday took over the presidency of the Digital Cooperation Organisation (DCO) at its fifth General Assembly held in Kuwait. At a ceremony, attended by senior officials from 16 member countries, Minister for Informat
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Gold and silver prices fell sharply in a broader market selloff on Thursday, as an advance in the dollar to a near two-week high and signs of easing US-China trade tensions added further pressure on the precious metals. Spot gold declined 2
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Pakistan must create up to 30 million jobs over the next decade to turn its youth bulge into an economic dividend or risk instability and outward migration, World Bank President Ajay Banga has stressed. Pakistan is entering the implementati
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Alphabet is taking on OpenAI with a gusto that underscores Wall Street’s perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock.
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• FBR ready to consider super tax recoveries on a case-to-case basis, Senate panel told • Aurangzeb says IMF mission due by month end, external financing needs fully covered. • Reveals discussions underway with UAE; currency notes being
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ISLAMABAD: The electricity consumers across the country are estimated to pay around 42 paise per unit additional charges for April to June mostly on account of capacity charges paid to power producers during the second quarter (October-December) o
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KARACHI: In the first auction after a surprise status quo in the monetary policy, the cut-off yields on the treasury bills were increased on Wednesday by up to 39 basis points, bringing the returns close to the State Bank’s policy rate of 10.50 pe
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ISLAMABAD: The CabÂinet Committee on ReguÂlatory Reforms approved a comprehensive set of reforms aimed at reducing regulatory bottlenecks and establishing a faster, clearer and more predictable regulatory framework for businesses across the countr
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ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday assured the Pharma Bureau, the representative body of multinational pharmaceutical companies, of the government’s commitment to policy consistency and effective governance. The del
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• Proposes a preferential trading arrangement to cut reliance on China • Pakistan weighs options to maintain ties with both Washington and Beijing WASHINGTON: The United States on Wednesday outlined plans to establish
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ISLAMABAD: A parliamentary committee on Wednesday expressed concern over the continued decline in commodity exports, while the commerce ministry maintained its stance, outlining proposed policy measures to promote exports. The National Asse
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Pakistan’s benchmark index, KSE-100, closed in the green at 187,832.08 points on Wednesday. The index rose 931.35points (0.5 per cent) from its previous close of 186,900.73. Topline Securities noted that “overall market participation was ro
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Oil prices extended gains on Wednesday after the US shot down an Iranian drone and armed Iranian boats approached a US-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran. Bren
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Pakistan’s benchmark index, KSE-100, was trading higher at 10:45am on Wednesday, up 1,105.24 points from its previous close. The index had risen 0.59 per cent to 188,005.97 points from Tuesday’s close of 186,900.73 points. Trading vo