Category: Business

Remittances see ‘record increase’ in December with $3.1bn inflows – SUCH TV

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The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”. A statement issued today said the growth in workers’ remittances was 29.3 per cent compared to the same month last year and a 5.6pc increase in…

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‘We Absolutely Refute…’: EU Dismisses Zuckerberg’s Censorship Claims – News18

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Last Updated:January 09, 2025, 00:09 IST Zuckerberg, while removing fact-checkers from Meta, said Europe has made it difficult to build anything innovative because of laws institutionalising censorship. The logo of Meta Platforms’ business group is seen in Brussels, Belgium. (IMAGE: REUTERS) The European Commission rejected on Wednesday Meta chief Mark Zuckerberg’s assertion that European Union…

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Govt Pegs India’s GDP Growth At 6.4 Per Cent For 2024-25; Agriculture Bounces Back, Services Surge

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New Delhi: India’s Gross Domestic Product (GDP) is projected to grow at 6.4 per cent in the financial year 2024-25 down from 8.2 per cent growth recorded in 2023-24, according to the first advance estimates released by the Ministry of Statistics on Tuesday.  The projection is lower than the recent RBI’s estimate of 6.6 per…

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Business

What Do Movie Producers Do, Anyway?

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Do you have a question for our culture writers and editors? Ask us here. Q: Why do the Oscars honor producers when a movie wins best film? What did they do exactly? You’re confused for good reason: Producers themselves have a hard time describing their job. “I do the impossible for the ungrateful,” one cracked…

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Ukraine ends Russian gas pipeline to Europe – but how much will it cost Moscow?

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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Russian gas is no longer flowing to EU states through Ukraine following the expiration of a five-year deal, closing an…

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Rupee falls 5 paise to 85.69 against US dollar in early trade – Times of India

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MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields…

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Barbados fishing industry still reeling from hurricane aftermath

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BBC Hurricane Beryl took its toll on the island’s fishing fleet There are few clearer signs of the destructive power that Hurricane Beryl unleashed on Barbados in July than the scene at the temporary boatyard in the capital, Bridgetown. Scores of mangled and cracked vessels sit on stacks, gaping holes in their hulls, their rudders…

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Business

PSX to issue stock split guidelines | The Express Tribune

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given approval to Pakistan Stock Exchange Limited (PSX) for issuing guidelines on stock split by listed companies. The guidelines are aimed at promoting stock splits as a viable financial strategy in Pakistan’s capital market, especially for companies with high share prices, according to a press…

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Unimech Aerospace IPO Day 1: Check Subscription Status, GMP Today – News18

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Last Updated:December 23, 2024, 18:25 IST Retail Individual Investors part fetches 4.45 times subscription, while the category for NII receives 4.02 times subscription. The quota for QIBs gets subscribed 2.49 times. Unimech Aerospace and Manufacturing IPO. The initial public offering of Unimech Aerospace and Manufacturing Ltd received 3.81 times subscription on the first day of…

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PSX surges as political calmness prevails – SUCH TV

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The Pakistan Stock Exchange (PSX) began the week on a strong note, surging over 2,000 points as political calm returned following a period of heightened agitation. The PSX’s benchmark KSE-100 Index jumped 2046.78 points or 1.87% to hit 111,594.98 points, up from the previous session’s close of 109,513.14 points, which also witnessed a sharp increase…

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