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Reuters
Jun 11, 2024

Tesla must face California’s false-marketing claims concerning Autopilot

California is Tesla’s largest US market and accounts for about 10 per cent of global deliveries, but year-over-year sales have fallen for two straight quarters.

Business

Web Desk
Jun 10, 2024

Senate told agriculture sector drives 2.9 per cent of GDP

On Monday, Federal Minister for Law and Justice, Senator Azam Nazeer Tarar, addressed the Upper House of Parliament, highlighting the resilience of Pakistan’s agriculture sector despite the adverse effects of climate change.

Business

Web Desk
Jun 10, 2024

Global oil prices surge as analysts predict strong demand

Global oil prices rose by approximately 2 per cent to reach a one-week high on Monday, driven by optimistic forecasts for increased demand.

Business

Hum News
Jun 10, 2024

Pakistan’s exports to China reach $2.41 bn in first 11 months of FY 2023

Pakistan’s exports to China in May 2024 were recorded at $172.6 million, bringing the total exports to China for the first 11 months of FY 2023-24 to $2.4093 billion, according to a report by the Trade Development Authority of Pakistan (TDAP).

Business

Web Desk
Jun 10, 2024

SBP report reveals significant improvement in consumer confidence

Consumers’ confidence in Pakistan surged by 14.9 per cent month-on-month in May 2024, reaching 37.7 points, according to the latest CCS.

Business

Web Desk
Jun 10, 2024

Interbank closing: PKR loses 17.01 paisa against USD

In Monday’s interbank session, the Pakistani rupee (PKR) depreciated by 17.01 paisa against the US dollar (USD), closing at PKR 278.37 per USD.

Business

Web Desk
Jun 10, 2024

PSX sees decline as KSE-100 drops by 501 points

The Pakistan Stock Exchange (PSX) experienced a downward trend on Monday, with the benchmark KSE-100 index closing at 73,252.56 points.

Business

Web Desk
Jun 10, 2024

Gold prices remain unchanged in Pakistan despite global decline

The gold price in Pakistan remained unchanged on Monday, with 24-karat gold being sold at Rs239,400 per tola, according to the Karachi Sarafa Association.

Business

Web Desk
Jun 10, 2024

Stock market opens with jitters as NEC, MPC meet today ahead of budget

National Economic Council (NEC) and State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) are scheduled to meet today to decide the economic targets and policy rate, respectively.

Business

Afshan Subohi
Jun 10, 2024

Pakistan’s upcoming budget sparks pre-budget jitters

Proposals from the Karachi Chamber of Commerce and Industry and the Federation of Pakistan Chambers of Commerce and Industry focus heavily on sales tax and duties