Asian energy firms soar with oil prices, dealers eye trade talksEnergy firms surged on the back of further gains in oil prices in Asian trade Friday wile regional equity markets mostly rose as traders keep a cautious eye on high-level China-US trade talks. The ben...
Pakistan stock market remains bearish, KSE 100 index sheds 246 pointsKARACHI: The PSX witnessed another lack luster session, as the index traded between an intraday high of 105 points and a low of 412 points to close at 41,623 level by shedding 246 points. Volumes stoo...
LSMI grows by 5.89% in 9 monthsISLAMABAD: Large Scale Manufacturing Industries (LSMI) of the country witnessed an impressive growth of 5.89 percent during the first nine months of the current fiscal year as compared to the correspo...
Weekly inflation up by 0.93pcISLAMABAD: The weekly inflation for the week ended on May 17 for the combined income group witnessed increase of 0.93 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for...
ECC approves 3-month salaries to Steel Mills workersISLAMABAD: The meeting of Economic Coordination Committee (ECC), chaired by Prime Minister Shahid Khaqan Abbasi, on Friday approved an amount of Rs. 1140 million as three months salaries (Jan to March...
Pakistan’s current account deficit swells to $14 billion historical high levelKARACHI: Pakistan continues to face balance of payment crisis as the country recorded historic high current account deficit of $14 billion during the 10 months of current fiscal year mainly due to wid...
Byco records highest sales in AprilKARACHI: The Byco Petroleum has broken many of its own records in April 2018, setting new all-time high sales in motor gasoline, high speed diesel, liquid petroleum gas (LPG) and furnace oil. Addition...
Serene prevails at lint market with thin trading on better grades in focusKARACHI: Trading at lint market remained lackluster as majority of stakeholders remained on sidelines on back of paucity of better grades of lint, fibre traders said. However grade-selective forward d...
Greenback closes flat in value versus rupeeKARACHI: The dollar remained flat in value versus domestic unit in the interbank market on insignificant demand, treasurers said. The dollar closed flat at Rs 115.50 for buying and Rs 115.70 for selli...
Yellow metal price remains flatKARACHI: Domestic and international gold prices averted any big fall in value after short period buying on Gold Futures speculation on short and long term investment. Yellow metal closed at Rs 55,817...