Most Asian markets down as oil slump hits energy firmsEnergy firms led a sell-off in most Asian equity markets on Tuesday a day after supply fears sent oil prices plunging, while confidence remains fragile owing to ongoing fears of a global trade war. Af...
Cements, fertilisers keep sentiment positive at PSXKARACHI: Pakistan equities closed Tuesday in green with benchmark KSE100 Index settling above 39,900 levels. The Benchmark KSE-100 index closed the session in green with gain of 267.21 points to recor...
Pakistan lags behind peers in synthetic textiles exportsThe State Bank of Pakistan (SBP) said Pakistani manufacturers should penetrate aggressively in the global synthetics products market which has long surpassed the cotton market. Though starting late, P...
Egypt’s parliament passes $11 billion sovereign wealth fundEgypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state news agency said on Tuesday. Former Public Enterprise Minister Khaled Badawi said in...
UK wage growth dipsOfficial figures show that wage growth in the UK moderated in the three months to May, a development that’s unlikely to change expectations that the Bank of England will raise interest rates next mont...
Tahir Masood takes over as new NESPAK MDEngr. Dr. Tahir Masood has taken over the charge of Managing Director/President of NESPAK, according to a recent notification issued by the Ministry of Energy (Power Division). Dr. Tahir Masood is a w...
SECP concludes efforts for introduction of regulatory regime for valuersSecurities and Exchange Commission of Pakistan (SECP) on Tuesday concluded its efforts to introduce regulatory regime for registration and governance of professional valuers. The SECP came to this dec...
Demand for second grade lint keeps prices firm, forward deals on riseCotton prices stood steady on improved demand for fine and second grade of lint with firm physical prices, fibre traders said. Sellers withholding raw grades of lint offloaded their stuff to capitalis...
Greenback edges higher in value versus domestic unitThe greenback closed firm in value versus rupee in interbank and shed value in open market, said treasurers. However State Bank of Pakistan kept eye to control over outflow of greenback for import pay...
Yellow metal price witnesses downward correction on speculation, out reportThe yellow metal price in international and domestic markets failed to retain value in successive couple of days trading on sluggish trading and under gold Future speculations, metal traders said. The...