Asian markets enjoy healthy rally after China-US talks reportsHong Kong led a rally in most Asian markets on Thursday following reports that the US had reached out to China in a fresh bid to avert a trade war, providing some much-needed respite to weary investor...
PSX Index losses on institutional buyingKARACHI: Pakistan Equities gained on Thursday with benchmark KSE100 Index settling above 41,000 level, up 1.3 percent day-on-day (DoD). The KSE-100 index gained 527.87 points to close at 41,049.91 poi...
CCP imposes penalty on 7 companies for deceptive marketing practicesISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs. 4.25 Million on seven fabric and packaging companies for deceptive marketing practices and fraudulently using the r...
SECP holds awareness session for NPOs on AML/CFT obligationsISLAMABAD: In collaboration with the National Counter Terrorism Authority (NACTA), the SECP organized an awareness session to sensitize the not-for-profit organizations (NPOs) with the regulatory fram...
Senate body demands report from FBR on revenue shortfallA special committee of the Senate on decline in tax collection from the tobacco industry has sought report in 15 days from the Federal Board of Revenue (FBR) on the causes of revenue shortfall followi...
India and Pakistan have driven global sugar glut, says Australian minister for tradeThe policies of India and Pakistan have contributed to a global glut in the world’s sugar market, Australia’s Minister for Trade Simon Birmingham told Reuters. “It is clear that export subsidies intro...
Buyers pay premium price for better grades of lint amid firm physical priceBuyers made deals for better grades of lint on premium price amid steady physical prices during trading session at lint market. The Karachi Cotton Association (KCA) spot rate stayed stable at Rs 8,300...
Greenback remains flat in value versus domestic unitThe greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank and got strength in value in kerb market, treasurers and currency dealers said. The commercia...
Yellow metal price sustains firm trend on hedging, short term dealsYellow metal price in domestic and international market sustained value stability on long and short term basis deals while deals on dollar-metal price parity put trading moderate. Major leading buyers...