Asian markets’ losses build on fears over brewing trade warAsian markets sank Thursday on mounting trade war fears after the US warned it was looking at more than doubling threatened tariffs on a range of Chinese imports. Shanghai and Hong Kong led losses aft...
RCCI comes forward to promote Pakistan’s tradeRAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) has taken initiative to promote Pakistan's trade potential through exhibitions and visits of delegations of businessmen around the world,...
Financials drag sentiments down at PSX, index closes in redPakistan equities closed Thursday in red with benchmark KSE-100 Index settling below 42,350 points level where the index made an intraday low and high of -524 points & +166 points, respectively. M...
POL sales drop by 14% in JulyKARACHI: Oil Marketing Companies (OMCs) in Pakistan sold 1.63 million MT petroleum products during July 2018, 13.8 percent lower than the 1.9 million MT reported for the earlier month mainly due to lo...
HBL declares Rs 8bn after tax profit in H12018HBL today declared a consolidated profit after tax of Rs 8.1 billion, with earnings per share for H1 18 at Rs 5.42. Along with the results, the Board declared a dividend of Rs 1.00 per share (10%), br...
SECP registered 1,076 companies in JulyISLAMABAD: The SECP registered 1,076 new companies in July. As compared to the corresponding month of last financial year, it represents a growth of 30 percent as compared to corresponding period last...
Demand for better grades keeps prices firm at lint marketDemand for better grades of lint kept overall prices firm during trading session at cotton market while grade-conscious buyers made a month deals on premium price, traders at Karachi Cotton Associatio...
Greenback closes flat in value versus rupeeThe greenback closed on flat note in value versus domestic currency in interbank while appreciated in open market, treasurers and currency dealers said. The dollar remained unchanged to close at Rs 12...
Yellow metal price remains under downward correction on dull demand, hedgingGold-Futures speculations and insignificant buying by leading buyers kept metal prices under technical correction while buyers in international and domestic market made cautious deals on Futures-outpu...
ASEAN asked to brace amid trade feuds, repel protectionismSoutheast Asia's top diplomats opened an annual meeting Thursday to tackle a slew of security concerns, including South China Sea territorial disputes, with host Singapore calling on the bloc to brace...
Weather woes ravage Europe’s wheat fields, markets race higherScorching temperatures have devastated wheat fields across northern Europe while a combination of dry conditions and extreme rain in the Black Sea bread basket have sunk output estimates, with fears o...
Grab raises $1bn to expand in Indonesia, eyes more fundsSingapore-based Grab said on Thursday it has secured $1 billion in fresh funding and will consider raising further cash, as the ride-hailing firm aggressively expands in Indonesia, Southeast Asia's bi...
Run your dishwasher when the sun shines — dynamic power pricing growsOne day, the weather could drive your domestic schedule. Your dishwasher springs to life at the windiest time of day. The washing machine starts spinning when the sun beats down. In such scenarios, al...
Volkwagen’s SEAT Arona and Ibiza get class-first digital dialsDigital displays are increasingly common in high-end vehicles like Range Rovers, BMWs and high-specification Mercedes models, and they've started finding their way into more modest models too. Volkswa...
Spain taxi strike over Uber ends after six-day standstillSpanish taxi drivers ended a six-day strike late on Wednesday after the government said it will limit licenses for online ride-hailing companies such as Uber, the latest setback for the service follow...
Siemens sees lower profit, but books more big-ticket ordersSiemens AG saw net profit fall 14 percent in the most recent quarter as higher taxes and lagging profits at its oil and gas business weighed on earnings. On the positive side, the Munich-based company...