610 stories · Page 20 of 21
The government's price monitoring committee has formally asserted that transport fares across the country remain unchanged, pushing back against public perception and media reports suggesting commuters have faced higher charges following recent fuel price adjustments. The committee's statement signals an attempt to counter inflationary anxiety in the transport sector.
Chinese automaker Jetour has announced an ambitious target to more than triple its annual car sales to two million units by 2030, as the brand accelerates its global expansion strategy. The company, a subsidiary of Chery Automobile, has seen rapid growth in markets across the Middle East, Central Asia, and Pakistan.
Indian food delivery platform Zomato has withdrawn a pricing clause from its merchant agreements following significant pushback from restaurant partners, according to a source familiar with the matter. The clause had drawn criticism from the food services industry over concerns that it gave Zomato undue influence over restaurant pricing decisions, potentially distorting competitive dynamics in the sector.
Indian technology services giant Infosys has set a conservative revenue growth guidance of 1.5 to 3.5 percent for fiscal year 2027, reflecting cautious optimism amid a challenging global demand environment for IT services. The guidance, issued alongside the company's latest earnings disclosure, signals that Infosys anticipates a gradual rather than rapid recovery in corporate technology spending by its global client base.
The Pakistan Chemical Forum Expo has recorded participation from 62 countries, underlining the growing international interest in Pakistan's chemical industry and its potential as a trade and investment hub within the sector. The event brings together manufacturers, suppliers, and policymakers from across the globe to explore business linkages with Pakistan's chemical sector.
The Provincial Development Working Party of Punjab has approved twelve development schemes with a combined value of Rs31 billion, advancing a slate of infrastructure and public service projects across the province. The approvals represent a significant injection of public investment into Punjab's development pipeline.
Data published in the Reserve Bank of India's latest bulletin reveals that the central bank was a net buyer of $7.41 billion in the foreign exchange market in February, reflecting active intervention to manage the Indian rupee's trajectory. The figure underscores the RBI's ongoing commitment to smoothing excessive volatility in the currency market rather than targeting a specific exchange rate level.
The first meeting of the Pakistan-Rwanda Business Council was held on Thursday, marking the formal launch of a bilateral trade and investment engagement mechanism between the two countries. The council meeting brought together business representatives from both nations to explore areas of mutual commercial interest and to lay the groundwork for deepening economic ties.
The Major League Baseball Players Association has formally opened collective bargaining agreement negotiations with a platform centred on financial accountability, proposing mechanisms to penalise clubs that deliberately suppress payroll spending while seeking to raise the luxury-tax threshold to $300 million. The opening position signals an aggressive stance by the players' union ahead of what is expected to be a contentious bargaining cycle.
The Alpine Formula One team has confirmed it will compete under Gucci branding beginning with the 2027 season, marking a significant commercial partnership between the French motorsport outfit and one of the world's most prominent luxury fashion houses. The deal is expected to bring a comprehensive visual overhaul, with the team's livery colours set to be redesigned in line with Gucci's iconic aesthetic identity.
Indian equity markets were expected to open on a positive note on Wednesday, though sustained gains are likely to be constrained by elevated global oil prices that continue to exert inflationary and fiscal pressure on Asia's third-largest economy. Early market indicators pointed to a modestly higher opening for benchmark indices, with global risk appetite showing some improvement as investors assessed central bank signals and commodity market movements overnight.
The Pakistan Stock Exchange has announced that it will remain closed on May 1 in observance of International Labour Day, a public holiday in Pakistan. Equity trading will resume on the following working day, and investors have been advised to settle positions accordingly.
The Australian dollar fell against major peers after domestic core inflation came in below analyst expectations, prompting traders to price out a portion of the interest rate premium that had been embedded in the currency. The softer CPI reading reduces the probability of further Reserve Bank of Australia tightening, diminishing the yield attraction of the Australian dollar.
The Chinese yuan traded in a narrow band in thin volumes on Wednesday as markets moved cautiously ahead of China's public holiday period, with attention shifting increasingly to the US Federal Reserve's imminent interest rate decision. The currency's stability reflected both thin liquidity conditions and official tolerance for gradual, controlled forex movements.
South Korean equity markets showed little movement on Wednesday as investors adopted a cautious stance ahead of a heavy domestic earnings calendar and the imminent US Federal Reserve interest rate decision. The KOSPI index traded in a narrow range with subdued volumes as participants awaited clearer directional signals.
Malaysian palm oil futures moved lower, tracking declines in related vegetable oil markets including Dalian palm olein and Chicago soybean oil. The interconnected nature of global edible oil markets means that downward pressure in one benchmark tends to cascade across related commodity contracts.
In a new development, the Thai baht extended its weakness against the US dollar on Wednesday, continuing the trend flagged in earlier sessions. The currency's softness reflects a combination of domestic economic uncertainty and a broadly firmer US dollar ahead of the Federal Reserve's policy meeting outcome.
Indus Motor Company has released its unaudited financial results for the nine-month period, providing a snapshot of performance in a market environment shaped by elevated interest rates, subdued consumer demand, and volatile input costs. The results offer investors and analysts an interim view of the company's trajectory ahead of the full-year close.
Chinese and Hong Kong equities posted modest gains on Monday, buoyed by encouraging industrial profit data and sustained optimism around the technology sector. The uptick came despite lingering geopolitical uncertainties that have weighed on regional market sentiment in recent weeks.
Indian leisure and hospitality company Mahindra Holidays has reported a fall in quarterly profit, attributing the decline primarily to a significant drop in travel demand caused by ongoing geopolitical tensions linked to the Iran conflict. The company flagged that consumer confidence in discretionary travel spending has deteriorated sharply.
The Federal Tax Ombudsman has conducted an awareness session focused on taxpayers' rights in Pakistan, as part of an ongoing effort to educate citizens about their entitlements and the redressal mechanisms available to them under the tax system. The FTO's mandate includes investigating and resolving complaints of maladministration by federal tax authorities.
The provincial food secretary has conducted field visits to wheat procurement centres to assess the progress of the ongoing procurement season and ensure the buying process adheres to established quality and pricing protocols. The visits are part of routine government oversight during the critical wheat harvest and procurement window.
Artistic Denim Mills Limited has released its latest financial and operational performance disclosure, providing the market with an update on the company's business activity in the reviewed period. The textile manufacturer is a listed entity operating within Pakistan's denim fabric production segment.
The Chairman of Sindh Industrial and Trading Estate or the relevant airport authority held a key meeting focused on import operations, reviewing procedures and identifying bottlenecks affecting the flow of goods through air cargo channels. The meeting convened relevant stakeholders including customs officials, logistics operators, and trade representatives.
A Pakistani agricultural official has returned from a training programme in Wuhan, China, and begun implementing the expertise gained in agricultural productivity and modern farming techniques within a local context. The initiative forms part of broader Sino-Pakistani cooperation in the agricultural sector under the CPEC framework.
A senior Pakistani official identified as Malik has congratulated Chandni Raj Dhaka on her election as the new President of the SAARC Chamber of Commerce and Industry. The felicitation reflects standard diplomatic and commercial courtesy toward a newly elected leadership figure of a regional body that Pakistan participates in alongside other South Asian nations.
The Punjab Assembly Secretariat has reported savings of Rs770 million under an ongoing austerity drive, according to figures released on Saturday. The savings reflect a range of expenditure rationalisation measures implemented across the secretariat's administrative and operational functions, including reductions in travel, hospitality, procurement, and auxiliary services.
Khyber Pakhtunkhwa Governor Faisal Karim Kundi described the province as a hub of investment opportunities, seeking to project confidence in KP's economic potential to domestic and international investors. The remarks are in line with a broader provincial push to attract private capital into sectors including minerals, tourism, hydropower, and agriculture.
Agricultural and trade experts have highlighted the significant and largely untapped potential of Pakistan's floriculture sector, calling for targeted policy interventions and investment to develop commercial flower cultivation as a viable export industry. Pakistan's diverse climate zones and agricultural base are seen as natural assets for the sector.
The Sarhad Chamber of Commerce and Industry held discussions with a delegation from an Argentine business chamber on Friday to explore avenues for enhancing bilateral trade and investment between Pakistan and Argentina, officials confirmed. The meeting, held at the SCCI headquarters in Peshawar, focused on identifying complementary sectors where both sides could develop structured commercial relationships.