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Latest News on Business, Finance and Markets from Pakistan
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News
Prices of essential kitchen items show rising trend
11+ mon, 4+ week ago (459+ words) ISLAMABAD: The prices of essential kitchen items have witnessed an increasing trend during this week compared to the previous week, revealed a survey carried out by Business Recorder here on Saturday. No fluctuation was witnessed in bakery and confectionery item…...
Copper gains on weaker dollar, limited Middle-East escalation
2+ mon, 3+ day ago (309+ words) SINGAPORE: Copper advanced on Friday, supported by a weak dollar and easing fears around a rash of tit-for-tat strikes between the US and Iran. Benchmark three-month copper on the London Metal Exchange was up 0.29% at $13,528 a metric ton by 0300 GMT....
LSM rises from the ashes – but mind the base!
11+ mon, 3+ week ago (1155+ words) contributing the single largest boost to overall growth. Cement expanded by 19 percent, reflecting a long-overdue...growth now shifts to other players. Automobiles and cement have both reported strong August numbers, but their...
Copper scales highest since mid-May as US inventory builds up amid tariff uncertainty
1+ mon, 1+ week ago (384+ words) Copper rose to a fresh 12-week high on Thursday as tariff uncertainty continued to pull greater quantities of the metal into the United States. Benchmark three-month copper on the LME nudged 0.08% lower at $14,099.50 a metric ton as of 0325 GMT, after…...
Service Long March Tyres advances Rs7.8bn IPO, book-building set for May
4+ mon, 2+ week ago (448+ words) Service Long March Tyres Limited (SLM) is moving ahead with its initial public offering (IPO) to raise Rs7.8 billion, after securing approval from the Pakistan Stock Exchange, with book-building for institutional investors scheduled to commence in May. The company is offering…...
Copper gains but set to snap seven-week winning streak
3+ week, 2+ day ago (325+ words) Copper rose on Friday as the dollar weakened, but was headed for its first weekly decline in eight weeks, with London Metal Exchange inventories climbing and nearby price spreads narrowing sharply during the week. Benchmark three-month copper on the LME…...
Copper rally holds firm even as rising oil threatens growth outlook
3+ day, 15+ hour ago (277+ words) Copper hovered near record levels on Thursday, with scarce deliverable metal in markets outside the United States continuing to underpin prices, while oil breached $100-a-barrel and investors awaited US inflation data. Benchmark three-month copper on the London Metal Exchange slipped…...
Sterling steady at 10-week high
4+ mon, 1+ week ago (354+ words) LONDON: British pound held near a 10-week high against the dollar on Friday as traders digested a week of central bank meetings in which the Bank of England kept interest rates steady and warned of inflation risks stemming from the…...
Copper set to snap 10-week winning streak on White House tariff hesitation
2+ day, 14+ hour ago (332+ words) Copper was set to snap a 10-week winning streak, despite a marginal Friday rise, after Reuters reported that the White House had yet to decide on refined copper tariffs, triggering a sharp drop from record highs. Three-month copper on the…...
Economic situation: Strong policy support essential for industrial sector: LCCI
6+ mon, 3+ day ago (267+ words) Business Recorder LAHORE: President of the Lahore Chamber of Commerce and Industry, Faheem ur Rehman Saigol, said that in the current economic situation, strong policy support is essential to help the industrial sector, as industry can play a key role…...