Asian markets down as trade fears lingerAsian markets were down Wednesday as trade tensions between the US and China continued to weigh on investor sentiment ahead of the imposition of new tariffs. Wall Street ended the session down in a sh...
‘Prosperous Pakistan’ campaign launched to showcase rising economic prospectsISLAMABAD: In a bid to showcase the rising economic prospects of Pakistan, 'Prosperous Pakistan' campaign has been launched in London to project country's position as an important and emerging player...
PSX nosedives on back of political uncertaintyPakistan equities closed Wednesday sharply lower as uncertainty over domestic politics amid weak macros weighed heavily on the market. The benchmark KSE-100 index shedding 1218 points closed at 40345....
Domestic cement despatches grew by 15.42% during 2017-18: APCMAKARACHI: The cement industry ended fiscal 2017-18 on a jubilant note, posting yearly growth of 13.84%; with domestic consumption increasing by 15.42% and exports inching up by 1.77% - first time in ni...
Oil inches up on tighter US supply, looming Iran sanctionsOil prices edged up on Wednesday following a report of tightening US fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States. Prices...
Greenback closes flat in value versus domestic unitThe greenback ended flat in value versus domestic unit in the interbank market amid thin activity and due to insignificant demand from corporate sector and importers. The greenback was traded at Rs 12...
Buying in second grade of lint remains moderate amid shrinking stocksThe traded volumes of second grade of lint remained moderate while forward deals also changed hands for better grades. Firmness of physical prices provided weak sellers to fetch better bottom-line pri...
Yellow metal price recovers value, hedging remains temperateGold price inched up in domestic and international market following improved demand from hedgers and leading investors. Yellow metal closed at $1,255 an ounce in international market with an increase...