Stocks fall amid selling pressureKARACHI: Pakistan equities closed in negative on Wednesday after losses suffered by major businesses. The benchmark KSE-100 Index settled at 42,919 points, down by 375 points. The market started off o...
MCB Bank, SBP hold conferenceKARACHI: MCB Bank, one of Pakistan's largest and most innovative banks, on Tuesday organised a conference in collaboration with State Bank of Pakistan titled 'Avenues and opportunities of Internationa...
‘Auto industry burdened with inflated input costs’ISLAMABAD: "Increased input costs are putting immense pressure on the auto industry of the country, while research and development on steel is playing a major role in increased cost of production," sa...
CPEC is silent on Pakistan’s agriculture, says PARC chairmanISLAMABAD: Pakistan Agriculture Research Council (PARC) chairman Dr. Yousaf Zafar said on Wednesday that modern technology had a pivotal role in the future of agriculture sector in Pakistan. However,...
Nestlé posts Rs 122.2bn revenueLAHORE: Nestlé Pakistan has posted yearly sales revenue of Rs 122.2 billion for 2017, an increase of 8.7% as compared to previous year. The healthy top-line growth was achieved through effective innov...
Yellow metal price fails to retain valueKARACHI: Yellow metal price closed depressed in international and domestic markets on back of insignificant demand of buyers and hedgers. The yellow metal price witnessed downward correction on impass...
Trading on cotton market remains moderateKARACHI: The lint prices stood firm during moderate trading session. Around 900 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,900 per maund with forward d...
Dollar closes even in value versus rupeeKARACHI: The greenback closed flat against the rupee in the interbank and depressed in open market on dull demand by importers and corporate sector. The greenback closed at Rs 110.30 for buying and Rs...
Turkish Airlines carries 5.7m passengers in Jan 2018KARACHI: The national flag carrier of Turkey, Turkish Airlines carried historic 5.7 million passengers in January 2018, which is up by 37%, for the first time in the history of Turkish Airlines for th...
NESPAK wins bid for 409MW hydropower project in KPLAHORE: NESPAK attained another milestone in the hydropower sector by winning a project titled "409 MW Torcamp Godubar Hydropower Project" through competitive bidding. Pakhtunkhwa Energy Development O...