Asian markets fall after week’s rally, pound holds upAsian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note with China showing more signs of weakness, while traders took their profits off the table. Ther...
Saudi package helps Pakistan stocks gain 574 pointsKARACHI: The KSE100 index remained under pressure initially post State Bank of Pakistan (SBP) chief's statement that foreign exchange reserves would deplete further if the dollar exchange rate against...
Engro closes deal with Dutch giant Royal Vopak for 29% shareholding in ETPLKARACHI: Engro Corporation announced the closing of the deal signed earlier this year with Vopak in relation to the Dutch company's acquisition of a 29% share in Elengy Terminal Pakistan Ltd. (ETPL)....
Senate body for addressing under invoicingA legislative body of Upper House of parliament on Friday asked the government ministry of commerce to take immediate measures to tackle the issue of under invoicing of I.T. products in the country. T...
Chinese delegation of shandong companies visits ICCI to explore business collaborationA delegation of Chinese companies of Shandong Province led by Mr. Li Junwei, General Manager, Chinese Enterprises Services (Pvt) Limited visited Islamabad Chamber of Commerce & Industry and held a...
Oil falls on China economic data, output cuts supportOil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world's biggest oil importer, although market sentiment was supported by supply cuts agre...
Trading at cotton market remains moderate amid firm physical pricesThe lint prices stood firm during moderate trading session. Around 2,700 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 8,800 per maund with forward deals fo...
Greenback ends lower in value versus domestic unitThe greenback remained dull in value against the rupee in the interbank and appreciated in open market. Due to insignificant demand from corporate and private sector, dollar lost value by 10 paisas in...
Storm over Brexit troubles Scottish fishermenIn the small Scottish fishing village of Pittenweem, residents are worried the political wrangling in London is pushing their dream of Brexit beyond the North Sea horizon. "Brexit -- how do you descri...