Saudis see oil price on rise as Trump blasts OPECSaudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating...
Asian markets fall in line with Wall St as tech firms take a hitAsian markets mostly fell Friday as investors struggled to maintain the previous day's positive momentum following losses on Wall Street, with technology firms tracking a sharp fall in Apple. While wo...
Asian oil demand to hit record, but industry can’t take eyes off Middle EastAsian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and no...
Crypto trading tumbles as investment scramble unwindsTrading activity on cryptocurrency exchanges has halved from its December peak, industry data shows, as retail interest in the virtual coins declines and the prices of many remain far below their rece...
Ahsan Iqbal urges business community to focus on quality, innovation, competitivenessISLAMABAD: Minister of Planning Development and Reforms and Interior Ahsan Iqbal on Friday called upon the business community to focus on improving quality of their products to make them more competit...
MCB, TCS enter into alliance for mutually beneficial servicesKarachi: MCB Bank Ltd, one of Pakistan's largest private sector banks, has entered into an agreement with one of the country'slargest logistics services providers TCS Pvt. Ltd. for mutually beneficial...
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...
Gold price closes dull on insignificant demand, lackluster hedgingKARACHI: The yellow metal price in global and domestic markets lost strength on back of dull buying besides business activity remained insignificant on basis of gold Futures manipulation by major stak...
Cotton price remains firm on demand for better gradesKARACHI: Buyers at leading stations in Sindh and Punjab stations during trading session bought better grades of lint on premium price besides buyers also made one-month forward deals for better grade...
Techno Engineering plans big for PakistanKARACHI: Techno Engineering has announced to bring mega investment into Pakistan by setting up international special economic zones in Makhad and Pindigheb for which it has purchased plots measuring 1...