Turkish Shylock twists Pak’s arm for $846m pound of flesh
Turkish Karkey demands immediate payment of $846 million arbitration award handed down by the ICSID in August 2017 to Pakistan.
Foreign investment takes a dip, down 26.2 per cent
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.
Uzbekistan simplifies visa procedure for Pakistani businessmen
Both countries can cooperate in pharma, agriculture and tourism industry, say Uzbek diplomats
Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation
Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.
Will the new boss at the PSX clean house?
The new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?
Market Daily: KSE 100 settles positive, Moody’s maintains B3 stable
The index settled with minor alteration of 25.13 points at 41,648.65, positive after 6 sessions.
Bitcoin struggles to hold prices above $8,000
The price of Bitcoin fell to as little as $7,931.43 on Friday on the CoinDesk Bitcoin Price Index (BPI).
Market Daily: KSE 100 sheds 4.52pc, highest weekly loss in 2018
KSE 100 closed at 41,624 points (-4.52 per cent WoW), highest weekly loss of 2018 amidst depleting foreign reserves and rising political noise ahead of general election 2018.
Market Daily: A good effort by the bulls yet KSE 100 sheds 39.33pts
The indices carried on weak sentiments from the last session and lost over 1 per cent in the first hour of trading, however, were quick to recover.
Abraaj to sell fund management unit, K-Electric to resolve liquidity issues
Abraaj met with banks, including Societe Generale and Mashreqbank that have the biggest exposure, sources said
Abraaj’s reputation nosedives over allegation of misused funds
Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue
Dubai’s financial markets down 3.1pc, led by real estate sector
Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels.
Market Daily: Indices feel the heat post budget, sheds 271pts
Having lost 680.33 points intraday to reach levels of 43,386.63, market bulls tried hard to stage a recovery after noon. Their efforts paid off to some extent and the index ended short of 271.96 points at 43,795.00.
For the Average Joe, where to invest is the question
Should one dabble into stocks, venture into the real estate or stay with the good old banks for a next-to-nothing yield?
Economic Survey 2017-18: Govt blames political uncertainty for missing growth targets
Miftah says highest growth rate of 5.79 per cent achieved in 13 years. Ahsan says all promises made by his party in its manifesto fulfilled.