Asian markets mostly down as China growth slowsAsian markets mostly fell Monday as data showed that China's economic growth slowed in the second quarter on the brink of a potential trade war with the United States. After a positive end to last wee...
PSX sheds 605 points amid foreign sellingKARACHI: Havoc condition was witnessed at the PSX on Monday, where market opened on a positive note making an intraday high of +194 points, but later succumbed to selling pressure as the index made an...
Yutong Grand Saloon buses introduced in PakistanKARACHI: Master Motors Corp. Ltd. (MMCL) in collaboration with Yutong, the largest manufacturer of buses in the world, has launched new 8.5m Grand Saloon Buses for the emerging Pakistani market. The a...
Pakistan requires substantial financing to mitigate disaster risksISLAMABAD: Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Statistics, Planning, Development and Reform, Dr Shamshad Akhtar on Mondaytermed National Disaster Risk Management Fund...
Independent directors’ databank gets operationalISLAMABAD: The databank of independent directors maintained by the Pakistan Institute of Corporate Governance (PICG) has become operational. Independent directors are generally seen as playing a key r...
‘Normal operations continue at Summit Bank’KARACHI: In the matter of FlA's allegations against several Banks regarding various local transactions. Summit Bank Ltd has clarified that this investigation is regarding particular accounts in certai...
Old stock better grade lint remains in focus during tradingKARACHI: Buyers at lint market purchased better and second grades lint of old crop that fetched better price, floor brokers said. Karachi Cotton Association (KCA) kept spot rate at Rs 8,400 per maund...
Yellow metal price regains value on Futures, prospective hedgingKARACHI: The yellow metal price got some strength on Gold Future output outlook and upward technical correction in international and domestic market. Following prospective hedging price increased by $...
SBP imposes 100% cash margin on imports of 131 itemsKARACHI: In a bid to reduce pressure on the forex reserves, the State Bank of Pakistan (SBP) on Monday has imposed 100 percent cash margin requirement on import of another 131 non-essential consumer i...