China’s small steps on offshore use of yuan are starting to add up
China's yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade...
Govt to hire professionals to solve governance issues in power sector
ISLAMABAD:Â In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals...
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...
Liftoff: Modi’s space push for India counts on private players
Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold...
Foreign reserves plunge to four-year low after 4.4 per cent drop
Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million
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...
Market Daily: KSE-100 flat WoW amid profit-taking
During the week, foreigners remained net sellers to the tune of $14.6 million as against net selling of $0.4 million seen during the same period last week.
Pakistan’s growth backed by China’s A1 stable ratings, says Moody’s
Moody’s has reaffirmed Pakistan’s credit profile as B3 stable, while it boasts GDP growth of 5.8 per cent against 3.8 per cent amongst its peers.
Financial sector remains resilient despite tightening of macro-financial conditions: report
State Bank of Pakistan’s (SBP) annual publication Financial Stability Review (FSR) suggests that the level of overall risks to financial stability, as measured by Financial Vulnerability Index, has bottomed out in the calendar year 2017.
Local production of Fertilizer crucial for PM’s vision of ‘Making Pakistan the Food Basket for the World’
The year 2019 ended on a high note with the Government celebrating a saving of approximately $250 million in foreign exchange that...
China’s April data show economic recovery losing steam, testing policymakers
China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter...
The US dollar faces challenges to its global dominanceÂ
Writing for The News International, author Khalid Mustafa explains that the world's largest economies are currently debating whether the US dollar will...
Confused sentiments at PSX as index drops 1.4pc in week
The benchmark KSE-100 index closed on the last trading day of the week at 41,388.88 points, with an increase of +21.5 (+0.05...
PSX witnesses bearish trends as IMF talks remain inconclusive
The KSE-100 index closed on Friday at 40,869 points, a decrease of 1.9% since the previous week. Market capitalisation decreased from $61.46...
Restrictions on free flow of capital in Pakistan lead to creation of grey market
Writing for Business Recorder, economist Ali Khizar suggested that Pakistan should remove restrictions on dollar outflows in order to attract long-term foreign...