Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > 40/43/9408 > privatisation-commission-blocks-ufones-proposed-eamp-rebranding-says-matter-requires-intergovernmental-approval

Privatisation Commission blocks Ufone’s proposed ‘e&’ rebranding, says matter requires intergovernmental approval

3+ hour, 15+ min ago   (338+ words) The Privatisation Commission has halted the PTA's approval for Ufone's rebranding to "e&" following its merger with Telenor, citing it as a government-level decision requiring further consultation. ISLAMABAD: The Privatisation Commission has stopped the Pakistan Telecommunication Authority (PTA) from granting…...

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brecorder.com > news > 40/43/9409 > psl-restructuring-being-negotiated-to-settle-court-case-says-thatta-cement

PSL restructuring being negotiated to settle court case, says Thatta Cement

3+ hour, 16+ min ago   (318+ words) Thatta Cement Company Limited (THCCL) said on Monday that a proposed restructuring of Pakistan Services Limited (PSL) is being negotiated to resolve a matter pending before the Islamabad High Court amicably. The listed cement maker disclosed the development in a…...

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

Market expects status quo as MPC meets today

6+ hour, 46+ 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

7+ hour 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

9+ hour, 9+ 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

9+ hour 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

11+ hour, 50+ 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

8+ hour, 45+ 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 > 40/43/9375 > amazon-pauses-operations-with-21-air-after-miami-cargo-plane-crash

Amazon pauses operations with 21 Air after Miami cargo plane crash

8+ hour, 51+ min ago   (310+ words) Amazon has paused operations with cargo carrier 21 Air after one of its Amazon Prime Air planes crashed in Miami, killing five people, pending investigation and review. Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier…...

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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

8+ hour, 55+ 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…...