Market Daily: Indices crumble along with rupee, shed 680.01 points
The KSE 100 dropped to an intraday low of 42,954.89 after a loss of 727.95 points before it settled down at 680.01 points at 43,002.83.
Current account deficit clocks up at $15.9b
KARACHI: The current account deficit in the first 11 months of 2017-18 has amounted to $15.9 billion, up 43.2 per cent from the previous year.
According...
Foreign investment takes a dip, down 26.2 per cent
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.
Pakistan-Tajikistan to enhance trade to $500m
DUSHANBE:Â Pakistan and Tajikistan on Tuesday agreed to further strengthen their relations by taking measures in order to raise annual bilateral trade to...
Pakistan aiming to sign cheaper fresh LNG import deals
With LNG replacing furnace oil in power plants, Pakistan is anticipating savings of around $2 billion annually through more efficient power generation...
Finance minister, FBR discuss tax amnesty scheme, revenue generation
The minister urged the FBR to come up with measures to simplify returns filing, automated processes to enhance revenue generation.
China-Pak Golf Estates, Gwadar wins best real estate development award
ISLAMABAD:Â CPIC has been awarded their second accolade for China-Pak Golf Estates (CPGE), where Ryan He received the award for 'Best Development in...
Import of mobile phones rises by 18.56pcÂ
ISLAMABAD: The import of mobile phones in the country during first 10 months of the fiscal year 2017-18 increased by 18.56 per...
KCCI president concerned over continuous rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against...
Brazil, India’s corporate debt most vulnerable to rate hikes: McKinsey
McKinsey researchers found more companies had shifted to bond market financing after the 2008 crisis, with nearly 20 percent of corporate debt now in the form of bonds — around double the levels of a decade ago
Pakistan can stave off monetary crisis: Experts
State Bank of Pakistan recently devalued the Pakistani rupee for the third time in six months, stoking concerns that the country may have to go to the IMF for a bailout.
Eid spending rises 15 percent, breaks Rs1 trillion trajectory
Director Operations, Emporium Mall Lahore Afnan Shah Khan projected a 20 percent rise in the market compared to last year and shared footfall crossed over a million during Ramazan this year against 830,000 in Emporium Mall last year
E-commerce sales disappoint on occasion of Eid-ul-Fitr
As per a rough estimate, around Rs50-60 billion was spent by consumers in Karachi on Eid shopping, the city constituting 10 percent of Pakistan’s population of 207 million
As elections loom, hopes of PSX rally gather steam
During Ramazan, the KSE-100 index recovered 3.26 percent or 1,379 points from May 17th to June 14th, touching 43,680.68 points at end of last trading session
Bahria Foundation to establish RLNG terminal at Sonmiani
Sources revealed the previous government had given go-ahead to the gas pipeline project from Sonmiani to Nawabshah by ISGS on condition that Bahria Foundation conducts the feasibility study as the leader of the project