Rupee continues to tumble, down 3.1 per cent

It is speculated that the rupee will continue to fall and is expected to be valued at around Rs180 by December 2020 against the US dollar.

PM welcomes Qatar’s interest in exploring investment opportunities in Pakistan

ISLAMABAD: The Qatar Investment Authority (QIA) has expressed a keen interest to invest in housing, energy, tourism and airport management sectors of Pakistan, Radio Pakistan...

U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures

The department’s U.S. Trustee Program (USTP) alleged that McKinsey “made insufficient disclosures about its clients and investments in certain entities” connected to debtors that had hired the consulting firm for financial advice, the department said in a statement

Overseas investors shy away from Asian bond markets in January

Foreigners sold a net $3.27 billion worth of bonds last month, the highest since June 2018, data from central banks and bond market associations in Malaysia, Thailand, Indonesia, South Korea and India showed

Pakistan recorded non-resident equity flows of +$14 million in January: IIF

January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months

SoftBank’s Vision Fund in talks to invest $1.5 billion in Chinese used car platform: sources

The fund is likely to invest up to $1.5 billion in Guazi in a deal that would value the firm at $8.5 billion before the investment, according to one of the sources, who had direct knowledge of the situation

Goldman Sachs says 1MDB scandal could hit pay for top executives

The U.S. Justice Department has estimated that a total of $4.5 billion was misappropriated by high-level 1MDB fund officials and their associates between 2009 and 2014, including some of the funds that Goldman Sachs helped raise

Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity

Chinese debt burden: Facts and Fiction

According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.

Malaysia seeks $7.5 billion in reparations from Goldman Sachs: FT

Goldman Sachs has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to the bank about the proceeds of the bond sales

Market Daily: Uncertainty grips PSX as investors await monetary policy announcement

The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.

Yen falls, Australian dollar gains as U.S.-China trade angst eases

Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.

SaudiGulf Airline to commence operations in Pakistan

 -- The airline will offer the highest number of flights between the eastern province of Saudi Arabia and PakistanKARACHI: SaudiGulf Airlines – the new full-service...

Asad Umar presents amendments to budget for ongoing fiscal year

Finance Minister Asad Umar on Tuesday announced a “mini-budget” in the National Assembly and said that if the government continues in the present economic trajectory, the country will be doomed.

Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

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