Asian markets sink on fresh trade fears after Trump remarksHong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between th...
PSX sheds 171 points amid lackluster tradingPakistan Equities closed red on Monday with benchmark KSE100 Index settling below 40,700 points level. The market kicked off the day on a positive note, reaching an intraday high of +73 points. Howeve...
OGDCL discovers oil, gas reserves in KPThe Oil and Gas Development Company Limited (OGDCL), on Monday, announced that it has discovered gas reserves in its exploratory well named Chand X-1, located at the Chanda Oilfield in the district Ko...
ECC to let PM decide on gas’ price hike issueThe Economic Coordination Committee (ECC) on Monday decided against an immediate increase in gas prices, and left the final decision for Prime Minister Imran Khan to decide, sources said. According to...
SBP rejects rumors about discontinuation of Rs 5,000 banknotesApropos the rumors circulating on social media regarding discontinuation of Rs 5000 banknote, State Bank of Pakistan (SBP) categorically rejects all such rumors and requests the general public to pay...
Overseas Pakistanis remit $3.9bn in first two months of FY19Overseas Pakistani workers remitted US$ 3966.53 million in the first two months (July to August) of FY19, showing a growth of 13.45% compared with US$ 3496.13 million received during the same period i...
Second grade of lint fetches better price on moderate tradingThe buyers made deals for second grade of lint on slightly higher price amid moderate traded volumes, fibre traders said. Forward deals also changed hands for better grades while physical prices provi...
Greenback closes even in value versus domestic unitThe decision of State Bank of Pakistan to provide funds for imports and oil payments put domestic unit firm against greenback. The US currency closed at Rs 124.10 for buying and Rs 124.30 for selling....
Yellow metal price remains dreary on correction, speculationyellow metal price remained depressed in international and domestic bullion market on Futures correction and dull trading as metal speculators anticipating output report in favour of buyers besides pr...