Political uncertainties pose risk to Pakistan’s financial stability: SBPPolitical uncertainties and macroeconomic vulnerabilities such as deterioration in balance of payments and exchange rate dynamics pose a risk to the stability of financial system in the next six month...
Asian markets rally after US gains, yuan edges upAsian markets rose on Monday after a healthy lead from Wall Street as positive US jobs data trumped fresh trade war threats, while the yuan extended a recovery after the Chinese central bank moved to...
PSX index closes positive amidst dull activityPakistan equities closed Monday positive with benchmark KSE100 Index settling above 42,800 levels, +0.71 percent day-on-day (DoD). Market opened sideways in early hours however later select names acro...
PTI govt to issue investment bonds for overseas Pakistanis, says Asad Umarpakistan Tehreek-e-Insaf (PTI) leader Asad Umar has said the national economy is in a shambles and the PTI government might utilize the option of International Monitory Fund loans to help revive it. T...
Going to IMF will be ‘disastrous’ for the country, says Raza RabbaniFormer chairman of Senate Mian Raza Rabbani has said that it will be "disastrous" if Pakistan approaches the International Monetary Fund (IMF) to seek another bailout. Speaking to reporters on Monday,...
Oil prices rise after Saudi output dips, US drilling stallsOil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Markets also anticipated an announcement from Washington...
Fine grades of cotton remains in demand amid firm physical pricesBetter grades of cotton remained in demand amid firm physical prices during the trading session at cotton market and around 2,700 bales of cotton changed hands. The Karachi Cotton Association (KCA) sp...
Greenback remains flat in value versus domestic unitThe greenback closed flat in value against the rupee in the interbank while gained value in open market, treasurers and currency dealers said. It started the day's trading at Rs 123.90 for buying and...
Yellow metal price remains under downward correction on Gold Futuresgold-Futures speculations and insignificant buying kept metal prices under technical correction while buyers in international and domestic market made cautious deals on Futures-output related buying,...