Stock markets mostly drop, pound extends lossesStock markets mostly fell Thursday, as the US Federal Reserve chief's upbeat assessment of the economy failed to allay concerns about a global trade war, analysts said. The dollar rose across the boar...
PSX index continues rally on timely electionsKARACHI: The KSE-100 Index continued to remain bullish throughout the session Thursday as value hunters rushed to cherry pick ahead of the elections. The index gained 897.69 points to close at 41,795....
SECP issues new guidelinesISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has prescribed the risk management and control guidelines for asset management companies (AMCs). The purpose of these guidelines is to...
Oil prices fall on record US output, stock buildOil prices fell on Thursday after official data showed an unexpected rise in US crude stockpiles, US output hit a record high and major oil exporters increased production. International crude oil benc...
ZTE ready to recapture IT market as US lifts banISLAMABAD: In a major development, the United States has lifted its trade ban on China's telecom giant, ZTE, making way for the company to once again commence trade with American companies after three...
Six power loom industrial units shut down in FaisalabadSenate Standing Committee on Commerce and Textile Thursday directed the ministry to explain why the power loom industry was in a collapse at Faisalabad. The committee held its meeting in parliament ho...
CCP seeks comments on road construction sector studyThe Competition Commission of Pakistan (CCP) has conducted a detailed study to assess competition issues in the road construction sector in Pakistan, especially in the wake of the China Pakistan Econo...
Yellow metal price remains dullThe yellow metal price in global and domestic market remained under correction on speculators' revised Gold Futures on technical ground in order to avert any big decline in general metal prices. The m...
Greenback remains flat in value versus domestic unitThe greenback closed even in value against the domestic unit in interbank on back of dull demand from import and corporate sector, treasurers said. The flatness in value of dollar against domestic uni...
Lint trading remains selective amid firm physical pricesTrading activity at the cotton market remained selective and around 1,500 bales changed hands. The Karachi Cotton Association (KCA) spot rate stood firm at Rs 8,900 per maund. Traders said buyers boug...