Market Daily: KSE 100 continues to bleed, sheds 431.55pts

The market continued to fall for the 5th consecutive session as the market lost 1 per cent on Thursday or 432 points as trading activity slowed down.

Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May

ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within...

Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s

Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.

Economic Survey 2017-18: Govt blames political uncertainty for missing growth targets

Miftah says highest growth rate of 5.79 per cent achieved in 13 years. Ahsan says all promises made by his party in its manifesto fulfilled.

Pakistan amongst best performers, up by 12pc on MSCI, says report

LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per cent on...

Market unshaken despite external woes, gains 13pc QoQ

LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent) to close...

APTMA sends budget proposals to finance minister

KARACHI: In its budget proposals, the All Pakistan Textile Mills Association (APTMA) has said that the availability of electricity at regionally competitive prices is of the utmost...

Transport corridor projects to create economic surplus: WB report

ISLAMABAD: A report launched by the World Bank Group (WB) here on Thursday revealed that investment in transport corridors is expected to create large...

Revisions in aid to Pakistan unlikely to shake its finances: Moody’s

LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to have material...

21.74pc growth of food group exports in eight months

ISLAMABAD: Food group exports from the country during the first eight months of the current financial year grew by 21.74 per cent as compared to...

Auto sector bleeds red as dollar jumps to Rs118 

KARACHI: The massive rupee devaluation of Rs7.5, which made the dollar to jump to Rs118, has had a negative affect on the auto sector,...

Govt depending on non-tax revenue, borrowing to generate surplus budget: APBF

LAHORE: The All Pakistan Business Forum (APBF) has asked the government to take immediate measures as Pakistan’s medium-term debt repayment capacity has been weakening...

Market Daily: KSE 100 settles at 43539.60 points, up 176.39

LAHORE: In a narrowly traded session, bulls came out as winners. The Pakistan Stock Exchange (PSX) saw no excitement from investors at open of...

Govt to hire professionals to solve governance issues in power sector

ISLAMABAD: In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals to provide...

CPEC to ensure prosperity in Pakistan: Governor

LAHORE: Punjab Governor Malik Muhammad Rafique Rajwana said on Monday that China-Pakistan Economic Corridor (CPEC) would prove to be a game changer and ensure...

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Funds of GHPL being used by PLL, PLTL, sources

ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and Pakistan LNG...

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