Exxon Mobil ‘close to discover’ oil reserves in PakistanThe American multinational oil and gas company Exxon Mobil is close to discover huge oil reserves near the Pak-Iran border, which could be even bigger than the Kuwaiti reserves. This was informed by M...
PSX index remains range-bound amid profit takingKARACHI: Benchmark KSE100 lost 0.7% during the past week, to close at 42,505. The week started on a buoyant note after Pak Rupee (Rs) witnessed surprising gains in the Open Market over the weekend. Ho...
Bestway Cement expands production capacity at FarooqiaISLAMABAD: Bestway Cement Limited (BCL) - Pakistan's largest cement manufacturer with an annual production capacity of 10.8 million tonnes - inaugurated its sixth production line with 6000 tonnes per...
Exhibition of food packaging products fetches $100mThe exhibitors at the 16th PLASTI PACK and IFTECH-2018, have received over $100 million on the third and last day of Pakistan's largest exhibition of plastic and food technology sector. The exhibitors...
Asian countries concerned over ‘real threat’ of global tradeAsian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal...
Yellow metal price recovers on Gold Futures, hedgingYellow metal prices recovered value on increased hedging and Gold futures as physical price inched up by $1 an ounce to stay at $1,216 an ounce in international market. According to gold dealers the b...
Paucity of better lint grades keeps price in green during past weekThe leading buyers made deals for better and second grade of lint on slightly higher prices while shrinking better grades put price in comfort zone in lint market during the past trading week, dealers...
Germany tightens cash transfer rules as Iran seeks fundsGermany's central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that comes as Iran seeks to repatriate cash held in a Hamburg-based bank and the US...