Iran to allow private sector to export oil, beat US sanctions
DUBAI: Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow...
China lends $1 billion to Pakistan to boost dwindling forex reserves
In the first 10 months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks, ministry officials said
Stock market likely to remain lacklustre next week
The market is likely to remain lacklustre next week as investors are likely to focus on the outcome of the amnesty scheme beside possible political set up post elections, experts believe.
KSE-100 index shows worst fiscal year performance since FY09
The market started off the month of June 2018 on a good note amid successful formation of caretaker setup in country and ease-off in global politics.
Looming price risk to restrain cement sector performance despite strong demand
The cement sector is likely to face a bumpy ride ahead as the increase in supply-side concerns including creeping in gradual new supply has been restraining sector performance despite strong demand.
China’s yuan staring at worst month ever as trade war threatens to knock economy
The yuan was set for its biggest monthly fall on record. Chinese stocks, on a downward spiral since late January, were also poised for their largest monthly slide since January 2016
Dollar weakens by Rs1 against local currency in kerb market
On Thursday, the rupee remained stable against the dollar in inter-bank trading at Rs121.54 and has remained largely unchanged since last week
FBR includes foreign income under purview of the amnesty scheme
The FBR told for a resident Pakistani, the disclosure of income in Pakistan must include both within and foreign source
Govt irked at non-expenditure of billion-rupee funds meant for oil and gas fields
Taking serious exception to this, the committee directed details of funds from all fields and companies be presented before the upcoming session to determine how the funds were utilized, their outcomes delivered and where they remain unused and in what quantities
Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media
KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115...
Increasing budget deficit restricts development budget releases to Rs752b
ISLAMABAD: With two days left in the current fiscal year, the government has released only Rs752.14 billion so far under its Public...
OGDCL receivables surge to over Rs200b
ISLAMABAD: The Senate Standing Committee on Petroleum on Thursday was apprised that receivables of Oil and Gas Development Authority Limited (OGDCL) have piled up...
Market Daily: Third day of recovery as KSE‐100 index adds 278 points
LAHORE: Recovery phase of the Pakistan Stock Exchange entered its third day on Thursday. Market bulls managed to maintain their control over...
Irfan Wahab Khan elected as OICCI president
KARACHI: Telenor Pakistan CEO and President Irfan Wahab Khan has been elected as the President of the Overseas Investors Chamber of Commerce...
Satisfying FATF remained an exercise in futility
ISLAMABAD: Pakistan, to the dismay of many has been placed on the FATF grey list. However, massive steps were taken by state...