PSX witnesses largest single-day drop in 17 monthsPakistan equities nosedived to 39,015 intra-day shedding 1,482 points on Monday, following the sharp rise of 150 bps announced by State Bank of Pakistan on last Friday, however it managed to close at...
Moroccan companies can invest in tourism sector: ministerFederal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar on Monday said Pakistan was among the countries blessed with beautiful natural scenery and landscapes where tourism can be...
Govt to resolve pharma industry issues to improve exports: KianiAamer Mehmood Kiani, Federal Minister for National Health Services, Regulations and Coordination said that government would take measures to resolve the key issues of pharma industry to facilitate the...
‘FBR reforms can reduce poverty’FPCCI's presidential candidate Engr. Daroo Khan Achakzai on Monday said the government should accelerate reforms in the FBR to reduce poverty. Reforms in the Apex tax agency will also facilitate produ...
UBL declared ‘Bank of the Year 2018 – Pakistan’ by The BankerThe United Bank limited (UBL) has been recognized as the "Bank of the Year 2018 - Pakistan" at the Banker Awards. The awards ceremony was held on 29th November 2018 in London. The Banker, an affiliate...
Byco increases its share in Pakistan’s gasoline supply sevenfoldPakistan's leading Oil Refining Company, Byco Petroleum Pakistan Ltd. (BPPL) has increased its share in Pakistan's gasoline supply by sevenfold. The share of the company has increased from 1% to 7% in...
SITE president criticises devaluation and interest rate hikeSaleem Parekh, President, SITE Association of Industry, Karachi, shows his deep concerns on rupee devaluation. He said that frequent devaluation is disturbing the entire system and inflation is going...
Buyers execute forward deals amid moderate tradingBuyers made forward deals for better grades of lint amid firm physical prices during moderate trading session besides second grade of lint changed hands during trading session, fibre traders said. Inf...
Greenback closes even in value versus rupeeThe decision of State Bank of Pakistan to provide funds for imports and oil payments put domestic unit firm against greenback. The US currency closed at Rs 136.30 for buying and Rs 136.50 for selling....
Yellow metal price sustains firm trendYellow metal price in domestic and international market sustained value stability on long and short term basis deals while deals on dollar-metal price parity put trading moderate. Major leading buyers...