Market daily: PSX ends flat, as big names announce earnings
LAHORE
The Pakistan Stock Exchange (PSX) failed to hold on to early morning gains and to the disappointment of investors, concluded Monday’s session flat. Noise...
Asia stocks bounce from three-and-a-half month lows as trade fears soften
U.S. crude inventories rose by 8.6 million barrels in the week to May 10 to 477.8 million, compared with analysts’ expectations for a decrease of 800,000 barrels.
Chinese delegation visits ICCI, seeks business partners
ISLAMABAD: A delegation of Chinese companies from Lanzhou, China visited the Islamabad Chamber of Commerce and Industry (ICCI) and showed keen interest to...
Agri-sector posts significant growth of 3.46% in 2016-17
The agricultural sector witnessed significant growth of 3.46 percent during the fiscal year 2016-17 as against the set target of 3.5 percent....
Nepra approves reduction in power tariff of Rs 2.23 per unit
Islamabad: National Electric Power and Regulatory Authority (NEPRA) today approved a power tariff reduction of Rs2.23 per unit for June on account...
Pakistan sings bilateral FTA with China, Malaysia, Sri Lanka: Senate told
ISLAMABAD: Commerce and Textile Minister Muhammad Pervaiz Malik on Tuesday informed the Senate that Pakistan has signed bilateral Free Trade Agreements (FTA) with China, Malaysia and...
Budget pro-poor, pro growth: Senate treasury benches
ISLAMABAD: Treasury benches in the Senate Friday termed the federal budget 2018-19 as pro-poor and growth-oriented, while the opposition termed it as...
SBP reserves drop $463m to $10.7bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $463 million to $10,722.5 million during the week...
ADB delegation calls on planning minister, assures support for development projects
ISLAMABAD: A delegation of Asian Development Bank (ADB) led by Central West Asian Department Director-General Werner Liepach called on the Minister for Planning,...
Govt addressing issues of business community through investment reforms: Hammad Azhar
Minister of State for Finance, Revenue and Economic Affairs Hammad Azhar said it is wrongly perceived that the government has imposed more taxes in finance bill
Oil tankers association calls off strike after successful negotiations with OGRA
Karachi: A formal announcement was made on Wednesday by All Oil Tankers Owners Association (APOTOA) of ending its strike after successful talks...
Hard earned macro-economic gains are often lost due to political reasons: IMF Pak outgoing chief
ISLAMABAD: Outgoing IMF Chief in Pakistan, Tokhir Mirzoev on Tuesday said hard earned macro-economic gains are often lost due to political reasons.
Mr....
US dollar losing its lustre as safe haven investment
NEW YORK
In times of uncertainty or crisis, investors typically take refuge in “safe” options like the Swiss franc, gold or the US...
Govt is uninterested in economic revival: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said that government seems uninterested in the economic revival as it has focused all...
Economic stability, law and order has boosted confidence of foreign investors: PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Monday said that Pakistan has achieved significant economic stability and with the improved law and order...