Halfway through 2019, tech leads on Wall Street
SAN FRANCISCO: Technology stocks are Wall Street’s top performers as 2019 hits half-way, with investors betting on lower interest rates, although Apple and...
High-level Chinese delegation visits defence production ministry
ISLAMABAD: A high-level Chinese delegation visited the Ministry of Defence Production and held a bilateral meeting, co-chaired by Ministry of Defence Production...
Actis bids for Abraaj’s emerging market funds, claim sources
Abraaj received bids this week to manage funds and is expected to close the deal by the end of the year
DUBAI: Actis,...
Financing agreements worth $400mn signed with World Bank
ISLAMABAD: Economic Affairs Division here on Tuesday signed two financing agreements worth $400 million with the World Bank Group. These include Punjab Cities Programme ($200...
PSX ends flat amid lacklustre trading
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed a slow start to the week as the indices which opened positive changed their outlook by...
Govt to form separate company to manage assets amid PIA privatisation: Daniyal
ISLAMABAD: Federal Minister for Privatisation Daniyal Aziz on Monday said the Pakistan Muslim League-Nawaz (PML-N) government is committed to finalising privatisation process...
WB, NBP strategise boosting house financing sector in Pakistan
KARACHI
A World Bank delegation called on the National Bank of Pakistan President/CEO Saeed Ahmad. The World Bank team was led by Korotoumou Ouattara...
Royal Bank of Scotland sets aside ‘Brexit’ pot
LONDON: Royal Bank of Scotland on Friday announced a 14-percent rise in quarterly net profit but warned of a "more uncertain outlook"...
China plans $60 billion tariffs on US goods in trade blitz
BEIJING/SINGAPORE: China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas (LNG) to some aircraft on...
CPI surges by 3.2pc in March
KARACHI:Â The Consumer Price Index (CPI) has surged by 3.2 per cent on a year-on-year (YoY) basis in March 2018, as compared to...
Stocks stay flat in range-bound trading
KARACHI: Amidst lack of positive triggers and times of economic uncertainty, the investors of Pakistan Stock Exchange endured another range-bound session on...
Revisions in aid to Pakistan unlikely to shake its finances: Moody’s
LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to...
Cash still in vogue and its use is rising: BIS
LONDON: Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or...
ACCA hosts thought leaders at ‘Pak Leadership Conversation’
ISLAMABAD: The Association of Chartered Certified Accountants (ACCA) is one of the world’s most forward-thinking global bodies of professional accountants, supporting its...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent)...