Global stocks tumble after Trump ‘crazy’ Fed commentAsian markets plunged on Thursday following the worst session on Wall Street for months, as US President Donald Trump said the Federal Reserve had "gone crazy" with plans for higher interest rates. Sh...
PSX Index remains under pressure, sheds 394 pointsKARACHI: The KSE-100 Index on Thursday closed negative shedding 394 points to finally settle at 38,398 levels. After witnessing a sideways trading session in the early hour's market consistently came...
MOL Group’s EVP meets top government officials; discusses energy prospectsISLAMABAD: The Executive Vice President Upstream MOL Group Dr. Berislav Gaso has visited Pakistan in what comes as a significant development in strengthening Pakistan's energy sector and promoting Pub...
FBR registers 55% increase in income tax returnsFederal Board of Revenue (FBR) has registered a landmark 55 per cent increase in the number of Income Tax returns filed until 10th of October this year as compared to the corresponding period last yea...
Overseas Pakistanis remit $5.4bn in first quarterOverseas Pakistani workers remitted US$ 5419.51 million in the first three months (July to September) of FY19, showing a growth of 13.14% compared with US$ 4790.01 million received during the same per...
PIAF wants probe into massive slide of rupee vs dollarPakistan Industrial and Traders Associations Front (PIAF) newly-elected chairman Mian Nauman Kabir has demanded a high-level probe into massive devaluation of local currency by over Rs10 in a single d...
PTCL Group posts 6% revenue growthPakistan Telecommunication Company Limited (PTCL) on Thursday announced its financial results for the nine months' period ended September 30, 2018 at its Board of Directors meeting held today in Islam...
Cotton trading remains selective on general price adjustmentTrading remained grade selective while buyers made deals for better grades of lint on sellers' asking price amid firm spot rate. Volumes remained moderate, fibre traders said. Forward deals also chang...
Dollar remains flat in value versus domestic unitThe greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank while shed value in open market. The commercial banks kept maintaining local currency in firm...
Yellow metal price recovers on improved demand, 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...