Market Daily: Indices shrink as Independence Day fails to excite investors
LAHORE: The KSE 100 touched intraday high of 42857.58 after gaining 15.40 points soon after the session begun. But failed to hold...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
China guarantees financial backing as PTI led govt seeks to avoid IMF support
As the incoming government under the leadership of Imran Khan prepares to take the reins of a country embroiled in a balance...
Turkey central bank ready to take ‘all necessary measures’ for stability
ISTANBUL: Turkey’s central bank on Monday announced it was ready to take “all necessary measures” to ensure financial stability after the collapse...
CPEC to turn Pakistan into a great investment destination: LCCI
LAHORE: China-Pakistan Economic Corridor (CPEC) project is bound to turn Pakistan into a great investment destination and it would start a new...
Trump backs boycott of Harley Davidson in steel tariff dispute
WASHINGTON: President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc on Sunday, the latest salvo in a dispute between the...
PEPCO continues to function despite directions for dissolution by the former cabinet
ISLAMABAD: Despite the directions passed by the Peshawar High Court (PHC) in 2011 and a decision by the then federal cabinet for...
Chinese investment in Pakistan under increasing scrutiny
ISLAMABAD: With the economy in shambles amid a major balance of payments crisis and rapidly depleting foreign reserves, Pakistan needs urgent financial help....
Islamic Banking Industry’s assets grow by 12.4pc
ISLAMABAD: The Islamic Banking Industry (IBI) has grown considerably as its assets witnessed a growth of 12.4 per cent by the end...
SECP for increasing claim amount for road accident victims
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) aims to make necessary amendments to the Motor Vehicles Act, 1939, for smooth implementation...
SBP may object to making ‘Wealth Fund’ for privatising PSEs: economists
ISLAMABAD: While the finance minister-in-waiting Asad Umar has claimed that his government during its first 100 days, will create a ‘wealth fund’ to...
Overseas Pakistanis remit $1.93bn in July
KARACHI: Overseas Pakistani workers remitted $1.929 billion in the first month (July) of 2018-19 as compared with $1.541 billion received during the...
Ministry, SBP combine blocks PML-N’s fag-end risky move to set up $5b wealth fund
ISLAMABAD: In its last days in power, the PML-N government attempted to set up a risky sovereign wealth fund with $5 billion in...
Pakistan to seek aid from IMF or China
With rapidly depleting foreign exchange reserves, a weak local currency, and fears of not being able to finance import bills, experts believe Pakistan...
Pakistan’s forex reseves decrease by $74.70mn
According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at...