Prime Minister Shehbaz Sharif has said Pakistan is a gateway to the Indian Ocean and stands ready to provide Kyrgyzstan access to regional and global markets through its ports. The PM stated this while addressing a joint press stakeout along with Kyrgyz President Sadyr Zhaparov on Thursday in Islamabad. Describing his talks with the Kyrgyz […]
Markets
EPEC aims to link local industries with global markets
A business delegation of the Europe Pakistan Economic Corridor (EPEC) visited the Multan Chamber of Commerce and Industry (MCCI). Senior Vice President MCCI Mohsin Khawaja, Vice President Muhammad Azhar Baloch, Mian Fazal Elahi, Mian Rashid Iqbal, Sheikh Asim Saeed, Abdullah Shakoor, Dr Atif Shafiq, Gail Hill, Catherine Bentley, Dr Abdul Rehman Abid, Sheikh Umair Saeed, […]
PSX Surges as IMF Loan Deal Boosts Investor Confidence
KARACHI – The Pakistan Stock Exchange (PSX) continued its bullish run on Thursday after investor confidence was boosted by the staff-level agreement between Pakistan and the International Monetary Fund (IMF) for a $1.2 billion loan package. During intraday trading, the KSE-100 index surged by 685.25 points, reaching 166,371.63 points, up 0.41 percent from the previous […]
Bitcoin drops 8% as Trump’s tariff war with China rattles global markets
NEW YORK – Bitcoin, the world’s biggest cryptocurrency, dropped 8.4% on Friday after US President Donald Trump intensified his trade fight with China. Trump announced 100% tariffs on Chinese exports to the US and new export controls on “critical software,” following China’s limits on rare earth exports used in tech and manufacturing. Read More: Crypto […]
Govt determined to find int’l markets for skilled Pakistanis: minister
Federal Minister for Education and Training Khalid Maqbool Siddiqui underscored that the government was determined to find international markets for skilled Pakistanis, describing professional youth as the country’s true asset. He expressed these views at a two-day international dialogue organized by the National Vocational and Technical Training Commission (NAVTTC), in collaboration with the European Union, […]
UAE markets drop as Israel strikes Iran, oil and gold prices surge
Markets in the United Arab Emirates fell sharply on Friday after Israel launched wide strikes against Iran’s nuclear and military facilities. Dubai’s main index dropped 5.1% early, while Abu Dhabi’s index fell 3.5% before recovering slightly. By mid-morning, losses eased but remained significant amid rising concerns. Israel targeted Iran’s nuclear sites, ballistic missile factories, and […]
Stocks rebound, oil slips as Chinese concerns linger
Wall Street stocks shook off early weakness Tuesday, while other equity markets were mixed and oil prices fell again as investors weighed the latest Covid-19 developments. Analysts cited bargain-hunting as a factor in the US bounce back from Monday’s lackluster session, which was dented by worries over global growth and the infectious Delta variant of […]
US stocks rebound, lifting S&P 500 to fresh record
The S&P 500 finished at a fresh record Tuesday as US stocks shook off early weakness and closed higher behind strength in industrials and energy shares. Analysts cited bargain-hunting as a factor in Tuesday’s bounce back following Monday’s lackluster session, which was dented by worries over global growth and the Delta variant of Covid-19. Art […]
US stocks fall on Delta worries, profit taking
Wall Street stocks fell Friday, concluding the week on a lackluster note on worries about the Delta variant of Covid-19 and profit taking after earlier gains. Analysts described investor unease as more companies delay or shift their return-to-office plans in light of the latest uptick in Covid-19 infections. Markets absorbed another round of mostly strong […]
US stocks mixed as markets digest earnings, Fed decision
The Nasdaq rallied while the Dow fell Wednesday as investors digested a slew of mostly positive earnings reports and a Federal Reserve decision that maintained accommodative monetary policies. One of the busiest 24-hour stretches of earnings season featured mostly strong reports from a litany of huge companies, including Apple, Google parent Alphabet, Starbucks and Boeing. […]