Pakistan stocks continue to bleed, shed 1002 pointsKARACHI: Carnage was witnessed at the local bourse Thursday as well as the KSE-100 index lost 1,002 points to close at 38,301 points level while tracking losses in most of regional indices. Investors...
Pakistan’s trade with South Asia can be enhanced to $67 billion: World BankThe lead economist for the World Bank, Sanjay Kathuria on Wednesday said the current level of Pakistan's trade with South Asia of only $23 billion per year was low against the potential of around $67...
IMF ImpasseIt may appear to the many that yet another farewell to IMF is around the corner. But this time, it is unprecedented situation, as the decision makers are straining every nerve to seek some benign reme...
Hutchison Ports Pakistan signs agreement to purchaseHutchison Ports Pakistan has signed agreement for a major crane purchase with Shanghai Zhenhua Heavy Industries Co. Ltd, China (ZPMC). In addition to the purchase of eight new cabin less remote contro...
PPL makes another discovery in SindhPakistan Petroleum Limited (PPL) the Operator of the Block 2467-16 (Shah Bandar) EL with 63% working interest (WI) along with its Joint Venture Partners Mari Petroleum Company Limited (MPCL) with 32%...
Buying in second grade of lint remains higher amid firm physical pricesOn depleting stocks of better grades of lint, buyers remained in hunt for second grade of produce during trading session at cotton market, fibre traders said. Buying for all grades kept general prices...
Greenback closes firm in value versus domestic unitThe US currency edged higher in value versus rupee in interbank and open market, treasurers and currency dealers said. The greenback remained firm at Rs 138.15 for buying and closed at Rs 138.35 for s...