Global Unicorn Club lists startups with market valuation of $1bn or more
CB Insights recently published the Global Unicorn Club which lists private companies from around the world which have a total cumulative market...
Musk drops pursuit of $72 billion take-private deal
LAHORE: Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72...
UK auditors, watchdog to discuss curbs on Big Four market share
LONDON: Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called...
Forex update: Pakistan’s forex reserves stand at $16,722.8mn
LAHORE: According to a notification issued by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country...
Market Daily: PSX gains 163 points, closes in green post-Eid
LAHORE: As the Pakistan Stock Exchange (PSX) opened for a single session after the Eid holidays, trading remained dull. Investors preferred to...
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
Emerging markets may lose their friendly banker
Need a loan? Don’t call China.
Greece successfully exits final bailout: ESM
ATHENS: Greece has successfully exited its final, three-year bailout program, agreed in August 2015 to help it cope with the continued fallout...
China defies US pressure as EU parts ways with Iranian oil
BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran...
PM has ordered to bring back laundered money, says Umar
ISLAMABAD: Minister of Finance Asad Umar remarked on Monday that Prime Minister Imran Khan has ordered to bring back money which has...
Sale of refrigerators, deep freezers up by 15 to 20pc
KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul...
SBP issues fresh notes ahead of Eidul Azha across Pakistan
KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field...
Market Daily: PM gets cold welcome from PSX as stocks end flat
LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom,...
Country’s current A/C deficit widens to $2.2bn in July
KARACHI: The current account deficit (CAD) of the country further widened by 12.18 per cent to $2.2 billion in the first month...
Rasheed woos investors, says railways is ‘open for business’
ISLAMABAD: Newly-appointed Railways Minister Sheikh Rasheed on Monday said he will need at least four months to bring Pakistan Railways "back up...