PSX closes negative amidst range-bound activityKARACHI: Pakistan equities closed marginally down Wednesday at 42,731 points level after a volatile trading session. Market started on a positive note in the initial hours of the session but later tra...
‘GDP growth likely to decline if Pakistan leaves IMF programme’KARACHI: Pakistan will possibly suffer if it leaves International Monetary Fund (IMF) programme given the multifarious economic difficulties to balance macro and micro situation on more than one count...
SECP approves vital regulations for capital market and corporate governanceISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in its Commission meeting has passed regulations concerning capital market, insurance and corporate governance. In this regard, Com...
Greenback remains unmoved in value versus domestic unitKARACHI: US currency remained unmoved in value against rupee in interbank however gained value in open market on back of significant demand from corporate sector and importers. Central bank's stance p...
Palm oil imports up by 7.06pc to $2.039bnThe imports of palm oil into the country witnessed increase of 7.06 percent during the fiscal year 2017-18 as compared to the imports of the corresponding period of previous year. Pakistan imported pa...
Pakistan to get over $200 million after signing FTA with ThailandPakistan would get benefits of $ 200 million after signing the free Free Trade Agreement (FTA) with Thailand and also enhancing the trade volume between both nation. Pakistan and Thailand would presen...
Wheat worth $236.3 million exported in FY2017-18About 1.189 million metric tons of wheat worth $ 236.339 million were exported during 12 months of fiscal year 2017-18 as compared the exports of 3,937 metric tons valuing $ 1.038 million of correspon...
World’s third largest TV manufacturer Hisence sets up plant in PakistanOne of the world's largest TV sets manufacturer and household appliances Hisence Group has established manufacturing plant in Karachi and started the production of LED TV's. World's third biggest bran...
Clearing operations for Summit Bank to continue smoothly: SBPThe State Bank of Pakistan has taken notice of misleading rumors spreading in social media regarding clearing operations of Summit Bank Ltd and the Bank has clarified that NIFT (National Institutional...
Pakistan’s first private e-commerce payment system launchedAvanza Group and Premier Systems signed an agreement to formally establish Avanza Premier Payment Services (APPS) Pakistan’s fastest and most reliable domestic online payment gateway. APPS will deploy...