Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
Investors to remain cautious as election week begins
LAHORE: Equity experts believe that investors will take a defensive stance during the 'high stakes' week with the general elections set to...
Political stability key to economic growth: SAARC CCI
ISLAMABAD: SAARC's Chamber of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Sunday said that political stability studded with uninterrupted...
Experts point at caretaker govt for keeping mum over critical economic issues
LAHORE: Holding the caretaker government+ accountable for keeping mum over critical economic issues, independent economists point out that developments suggest swift near-term...
Pakistan needs a real plan to prevent economic disaster: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Saturday said the country needs a real plan to avert the looming economic disaster.
At this...
Food exports surge 29.28pc to over $4.797 billion
Wheat exports went up from $1.038 million to $236.339 million, showing growth of 22668 per cent
SBP to increase low cost housing finance portfolio
ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...
Dollar surges to Rs130 in open market
ISLAMABAD: The US dollar touched a record high of Rs130 in the open market on Friday, gaining a further Rs0.30 as it...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...
Dr Shamshad for improving quality of local products to decrease imports
ISLAMABAD: Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into...
China’s tumbling yuan slows as big banks seen selling dollars
The latest bout of yuan weakness, catalyzed by concerns over the brewing China-U.S. trade war and a slowing Chinese economy, has seen the yuan shed 7.6 percent of its value against the dollar since the end of the first quarter of this year
UBL issues clarification against its president being placed on ECL
KARACHI: Recently, a false impression has been created in certain sections of the media that the President and CEO of UBL has...
Foreign reserves plunge to four-year low after 4.4 per cent drop
Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million
PBC delegation meets Finance Minister, discusses business policy
ISLAMABAD:Â A delegation of the Pakistan Business Council (PBC) led by Ehsan Malik and Bashir Ali Mohammad met the Finance Minister, Dr Shamshad...
Finance, climate change ministers, highlight causes and impact of urbanisation
ISLAMABAD: In the launching ceremony of the State of Pakistani Cities report under the agenda of 'Role of Cities in National Economic...