Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the US, the world’s two biggest crude consumers. Brent crude futures were up 53 cents, or 0.65 per cent, to $82.57 a barrel at 0922 GMT, while US West Texas Intermediate crude futures rose 64 cents, or 0.82pc, to $78.79 a b
ISLAMABAD: Jazz has partnered with an international firm to upgrade its Artificial Intelligence and Machine Learning (AI/ML) to turn raw data into useful information for predictions. Through the collaboration with Jazz and the international IT company TenX, the AI/ML data of Jazz will be streamlined and processed making them more efficient and easier to reuse. AI/ML will also automate tasks
KARACHI: The government raised more than double the target set for the auction of treasury bills held on Wednesday. The cut-off yields on three-month and 12-month tenors were reduced by 27 and three basis points, respectively, while the rate on benchmark six-month T-bills remained unchanged. The yields on three, six and 12 months were 21.4pc, 20.4pc and 20.3pc, respectively. The auction once
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involved in manipulating stock prices, including sponsors and brokerage house management. The complaints filed at the Banking Offence Court Lahore against the accused individuals have been admitted. The cases have been filed after the investigations by the Supervision D
KARACHI: In the wake of the upgradation policy, refineries have initiated to comply with Euro-V specifications, maximise the output of petrol and diesel and minimise the production of furnace oil (FO). “The upgradation policy is anticipated to enable refineries to increase total production of petrol (99 per cent) and diesel (47pc). The production of furnace oil is expected to reduce by 78pc,” s