Asian markets mixed, euro weak on brewing Italy riskAsian markets were mixed Wednesday and the euro struggled to recover from recent selling pressure as a brewing spat between Italy and the European Union fans fears of another crisis in the eurozone. W...
Bears dominate PSX as Index sheds 240 pointsKARACHI: Pakistan equities continued its bearish streak Wednesday, shedding 240 points to settle at 40,560 points level. The index made an intraday high of +39 and a low of -329 points. Lackluster act...
Pakistan’s rupee under pressure amid regional currency turmoilISLAMABAD: Emerging markets currency turmoil and higher oil prices are putting increasing pressure on Pakistan's central bank to devalue the rupee for a fifth time in a year, analysts said on Wednesda...
SSGC saves Rs 755m through anti-theft campaignThe Sui Southern Gas Company (SSGC) managed to save natural gas worth Rs 755 million during past year as a result of its aggressive anti-theft campaign. This was informed by DG Security Services and C...
Oil edges up on Iran sanctions, but US supply and strong dollar weighOil prices edged up on Wednesday on expectations of tighter markets once US sanctions target Iran's petroleum industry from next month, although a strong dollar and rising US crude supply curbed gains...
Cotton prices remain firm amid better grades in focusTrading activity on the cotton market remained moderate amid strong physical prices, around 2,700 bales changed hands. The Karachi Cotton Association (KCA) spot rate unchanged at Rs 7,650 per maund, f...
Yellow metal price closes flat on speculation, dull tradingThe yellow metal price in international and domestic markets failed to gain value on sluggish trading and under gold Future speculations, metal traders said. The dull interest of leading traders and w...
Increase in utilities’ cost paralyses competitive edge of exportsThe trade bodies and chambers of the country have urged the government to take steps for reducing higher cost of doing business. Members of Karachi Chambers of Commerce, Lasbella Chamber, executives m...