Bleeding continues at PSX as index loses 535 pointsKARACHI: Pakistan equities continued downward trend on Tuesday where disappointing trip of the Prime Minister to China triggered bearish sentiment. The KSE-100 Index declined by 535.44 points to close...
Punjab governor vows support to Russian companies wanting to invest in PakistanAmerican firm Global Group One's Marketing Director Yawar Syed, who is also representing various Russian companies for their ongoing and upcoming investment projects in Pakistan, met Punjab Governor C...
European banks’ beauty only skin-deep, investors sayEurope's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with US rivals, investors say...
SECP incorporates 1,395 new companies in October 2018Securities and Exchange Commission of Pakistan (SECP) registered 1,395 new companies during October terming it a growth of 63 percent as compared to the corresponding month of last financial year. SEC...
Askari Bank signs agreement with Pakistan Mortgage Refinance CompanyAskari Bank and Pakistan Mortgage Refinance Company (PMRC) signed Master Refinance Agreement. Under this agreement PMRC will provide Askari bank with long-term funding at fixed rates to promote housin...
Oil prices fall on Iran sanction exemptions, economic concernsOil prices fell on Tuesday, weighed down by sanction exemptions from Washington that will allow Iran's biggest oil customers to keep importing from Tehran, as well as by concerns that an economic slow...
Lint trading remains selective on grade issue with firm physical pricesCotton trading in Sindh and Punjab stations remained selective on grade issue with improved demand for better grades while volumes of second grade of lint remained high, fibre traders said. The ginnin...
Yellow metal price inches higher on gold speculation, hedgingInterest of potential buyers and hedgers provided strength to gold price besides hedging and composite gold Futures and speculation on output in international and domestic market kept yellow metal pri...
Dollar closes firm in value versus domestic unitThe US dollar closed firm in value versus domestic unit in interbank and open market on improved demand by importers and corporate sector. The greenback closed at Rs 131.90 for buying and Rs 132.10 fo...