Rupee’s further depreciation against dollar likely: Moody’sISLAMABAD: Depreciation to pose short-term inflation challenges but would reduce drain on Pakistan's foreign exchange reserves in the longer run, said Moody's report. Further depreciation in the Pakis...
PSX down by 298 points after 13-day bull runKARACHI: Pakistan equities closed bearish on Tuesday, snapping 13-day positive run that added over 13.5% and 5000 points to benchmark KSE100 Index. At the close KSE?100 index shed 298 points or 0.7% t...
DISCOs told to complete ongoing projects in timeISLAMABAD: Standing Committee on Energy met under the Chairmanship of MNA Mian Tariq Mehmood on Tuesday. The Committee expressed its satisfaction on the implementation status of the recommendations of...
SECP registers 4,954 more companies in H1FY2017-18ISLAMABAD: In the first half of current financial year, the Securities and Exchange Commission of Pakistan (SECP) registered 4,954 new companies, raising the total number of companies to 83,879. As co...
ICCI voices concern over free fall currencyISLAMABAD: The Islamabad Chamber of Commerce and Industry has shown concerns over the falling value of rupees against dollar as rupees has hit an all-time high of 113 against dollar in the open market...
Dollar closes even in value versus rupeeKARACHI: The greenback closed even in value versus domestic unit in the interbank and gained strength in open market on demand by corporate and private sector. The greenback closed unchanged at Rs 110...
Gold price slips on dull interest, thin hedgingKARACHI: The yellow metal price in global and domestic markets fell on insignificant trading by investors and thin hedgers. Gold Futures speculation and short term buying remained underdog. Buyers pur...
Cotton prices remain under correction on demand for better gradesKARACHI: Better grades of cotton remained in focus as buyers bought commodity on premium price while ginners made deals for second grade of lint in anticipating paucity in coming trading sessions at l...