Asian markets rise as China, US agree to avert trade warAsian and European markets mostly rose Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After h...
Pakistan equities close in green, index up by 25 pointsKARACHI: Pakistan equities closed flat on the first day of the rollover week despite of the approval of FY19 budget by the parliament on Friday. The benchmark KSE-100 index made an intra-day high of 2...
Building of Diamer-Bhasha Dam to increase cement demand by 5m tonnes per annumKARACHI: The construction of Rs 474 billion Diamer-Bhasha Dam would brighten the demand of cement. Cement manufacturing companies were of the view that building of Dam would increase demand of cement...
Ghani Gases to setup fourth plant in Pakistan in wake of CPECKARACHI: In order to cater expected higher demand of industrial gases in upcoming China-Pakistan Economic Corridor (CPEC) projects of special economic zones, Ghani Gases Limited has decided to setup f...
ICAP, First Women Bank ink MoU to provide work from home opportunities to CA womenKARACHI: The Institute of Chartered Accountants of Pakistan has signed a memorandum of understanding (MoU) with the First Women Bank to provide work from home opportunities to CA Women members. The Mo...
LCCI seeks SBP’s help against fake currencyLAHORE: The Lahore Chamber of Commerce and Industry has cautioned the masses in general and the business community in particular against proliferation of counterfeit notes and urged the government and...
Meezan Bank holds Shariah Supervisory Board MeetingKARACHI: The 38th meeting of Meezan Bank's Shariah Supervisory Board (SSB) was recently held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other me...
GuarantCo Limited maintains ‘AAA’ long term ratingThe Pakistan Credit Rating Agency maintains the Credit Rating of GuarantCo Limited at Long Term 'AAA' and Short Term 'A 1+' with a Stable outlook> The Long term indicates highest credit quality and...
Buying in second grade of lint remains moderateKARACHI: The traded volumes of second grade of lint remained moderate while forward deals also changed hands for better grades. Firmness of physical prices provided weak sellers to fetch better bottom...
Dollar seen flat in value versus rupeeKARACHI: The greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank while gained value in open market. The commercial banks kept maintaining local curre...
Gold metal price closes subduedKARACHI: The yellow metal price in global and domestic markets witnessed Futures correction to keep physical prices on diffident level besides to avoid any possible panic on anticipating output on car...