Trump-Kim hopes boost Asian equity marketsOil prices extended losses in Asia Monday after Saudi Arabia and Russia signalled they could raise output, but indications that Donald Trump's summit with Kim Jong Un could be back on supported equity...
Nomination of interim PM pushes PSX in greenKARACHI: Pakistan equity market which historically performs well during interim tenures has welcomed the nomination of retired Justice Nasirul Mulk as the caretaker prime minster by gaining 64points t...
Oil extends losses as OPEC and Russia look to raise outputOil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while US production gains show no signs of slowing. Brent crude futures stood at $75.39 a barrel at 1208...
Textile industrialists seek permission to import hydrogen peroxideKARACHI: Textile processing industrialists while expressing grave concern over artificial price hike and shortage of Hydrogen Peroxide (HP) in local market have sought permission from Ministry of Comm...
US record oil exports bite into Russia, OPEC market share in AsiaRecord crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of...
Interest rate hike would take a big toll on several sectors of economy: FPCCIKARACHI: Ghazanfar Bilour Ghazanfar Bilour, President Federation of Pakistan Chambers of Commerce and Industry, while commenting on the recently announced monetary policy said that hike in policy rate...
APBF flays SBP for increasing interest rateKARACHI: The All Pakistan Business Forum has flayed the State Bank of Pakistan for jacking the key interest rate by 50 basis points to 6.5% for the next two months on the excuse of dealing with emergi...
Cotton buying remains moderate amid better grades in focusKARACHI: The cotton trading remained modest amid firm spot rate and around 1,500 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 7,500 per maund, the traders...
Dollar remains flat in value versus domestic unitKARACHI: 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 price remains depressed on Gold Futures, hedging speculationsKARACHI: The yellow metal price in global and domestic markets failed to retain physical price stability after gaining some strength in early trading session on technical ground. Leading hedgers and m...