Asian markets stage rally on upbeat China-US trade newsAsian markets rallied Wednesday on much-needed good news on the China-US trade talks, while the pound extended losses as it emerged that Prime Minister Theresa May will face a no-confidence vote. A fl...
Macroeconomic concerns keep Pakistan stocks under pressureBenchmark KSE-100 Index traded negative Wednesday to close at 38,307 shedding 545 points on reported FII sell-off in index names after US added Pakistan and some other nations to the Blacklist for all...
‘Pakistan has better regulatory framework for Islamic Banking’The Islamic Banking Industry of Pakistan in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution of Mufti Muhammad Taqi Usmani, launched...
‘Construction work on Diamer-Bhasha site not likely to begin in 2019’Industry analysts do not foresee any major construction activity on the Diamer Bhasha project site over the next 12 months citing lack of existing funds, land issues, unavailability of international f...
Hutchison Ports Pakistan welcomes country’s largest ever container shipHutchison Ports Pakistan welcomed the China India Express, the country's first ever 11,923TEUs container ship to call at its terminal. This is the first time a container vessel of this size has berthe...
PTCL privatisation, renewal of cellular licenses to fetch Pakistan $2 billionPakistan is expecting up to $2 billion inflows through likely resolution of a dispute with Etisalat and renewal of cellular licenses in the ongoing fiscal year. For the purpose, the government has con...
Buying at cotton market remains modern on grade issueBuying remained moderate at cotton market on back of grade issue and slow ginning and buying activities, fibre traders said. Second grade of lint changed hands at around Rs 8,725 per maund and deals a...
Greenback remains firm in value versus domestic unitThe greenback closed firm in value against the rupee in the interbank and shed value in open market, treasurers and currency dealers said. It started day's trading at Rs 138.50 for buying and closed a...
Futures, buyers’ interest keep yellow metal prices firmThe yellow metal price in global and domestic markets retained value on demand and speculation-based buying while buying remained within reach of leading buyers on Gold Futures speculation. Improved d...