Stocks stage 628-point comeback rally

KARACHI: Bulls of the Pakistan Stock Exchange (PSX) staged a strong comeback on Thursday, with the KSE-100 Index ending above the 32,000 mark. Foreign investors...

CPEC’s second phase to ensure poverty alleviation: minister

ISLAMABAD: Planning, Development & Reform Minister Makhdoom Khusro Bakhtiar said on Friday that the ongoing phase of CPEC would bring about socio-economic benefits for the...

Bullish trend prevails as KSE-100 closes 447 higher

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive start to the trading week, as the indices headed north as soon as the opening...

Govt urged to remove tax anomalies in SEZs

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to remove tax anomalies in the Special Economic Zones (SEZs), which were...

Industrial development programme for Pakistan launched

ISLAMABAD: The United Nations Industrial Development Organisation (UNIDO) and the Ministry of Industries and Production (MoIP) have signed an accord to formally launch the organisation's...

Govt reschedules NFC meeting after five-month break

ISLAMABAD: After a break of around five months, the Ministry of Finance has decided to reschedule the National Finance Commission (NFC) meeting, which would...

Pakistan to issue Sukuk, Eurobonds to raise over $1bn

ISLAMABAD: Pakistan has decided to raise over $1 billion from the international market through the issuance of Sukuk bonds in the next couple of months. The...

KSE-100 lands in red amid volatility

KARACHI: Stocks failed to maintain the positive momentum of the previous session and landed in the red zone amid volatile trading on Friday. Foreign investors...

Car sales plunge 42pc in August

Pakistan's auto industry sold 10,222 units in the second month of the fiscal year 2019-20 (FY20), down 42pc on a yearly basis, as the...

Programme to privatise 17 SOEs initiated: minister

KARACHI: Privatisation Minister and Privatization Commission Chairman Muhammadmian Soomro said on Friday the commission had initiated a programme for the privatisation of 17 public sector...

Textile exports up 2.3pc in two months

ISLAMABAD: The textile group exports from the country during the first two months of the current financial year increased by 2.30pc when compared with the...

Market Weekly: Rupee stable, stock market up 2pc

Pakistan Stock Exchange (PSX) maintained its positive momentum for the third consecutive week with the index closing higher by 2pc on a weekly basis,...

Remittances drop by $340m in two months FY20

ISLAMABAD: The overseas Pakistani workers remitted $3.73 billion during the first two months of the current fiscal year (2019-20), as compared to $4.07 billion in...

Bourse turns bearish, sheds 353 points

KARACHI: The Pakistan Stock Exchange retraced its footsteps following a weak finish to the previous session and traded lower throughout Wednesday. The foreign investors...

Stocks fall flat amid range-bound trading

KARACHI: The stock market ended flat in a range-bound session on Tuesday following the announcement of the monetary policy a day earlier. The indices remained...

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Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

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China needs to change way it finances economy, think tank says

HANGZHOU: China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the...