Embattled Abraaj faces another blow as CFO exits
DUBAI: The chief financial officer of Dubai-based Abraaj Holdings said he had left the embattled private equity company.
Two other senior executives are...
Traders bet on oil at $100 as Iran sanctions loom
Overall exports from Iran have dropped to 2 million barrels per day (bpd) in September from 2.8 million bpd in April, the Institute of International Finance said
ICI Pakistan’s soda ash expansion project starts operations
LAHORE: A bourse notification filed Monday by ICI Pakistan Limited disclosed phase I of its 150,000 tons per annum (TPA) expansion project...
Gold set for biggest weekly fall in 5; firm dollar weighs
Spot gold was 0.4 percent lower at $1,237.65 per ounce as of 0747 GMT
D.G Khan Cement rebuts fake acquisition notification
LAHORE: D.G Khan Cement on Thursday rebutted a notification circulating which claimed a Chinese cement company expressed interest in acquiring 40 percent stake...
MCC takes back subsidy demand on Saindak copper and gold project
Islamabad: A local newspaper reported that Metallurgical Corporation of China (MCC) has taken back its demand of providing subsidy in form of...
Proposed duty waiver on marble products in Pak-China FTA to hurt domestic industry
ISLAMABAD: As the government has reportedly agreed to allow a duty waiver on marble products from China under the second phase of...
Pakistan set to make re-entrance into S&P’s emerging broad market index next month
Lahore: Pakistan will make its re-entrance into S&P’s Emerging Broad Market Index from S&P Frontier BMI next month, following the country’s inclusion...
Market Daily: PSX settles up amid SBP policy announcement
LAHORE: The Pakistan Stock Exchange (PSX) carried forward its momentum from the second half of the last session and moved north. The market...
Cotton research station to be set up at Rajanpur
Secretary Agriculture Punjab Wasif Khursheed said Friday that a cotton research station would soon be established in Rajanpur district to improve cotton crop quality and increase per acre production.
Asian stock markets fall after China move
The Shanghai Composite Index fell 0.2 percent to 2,883.20 and Tokyo’s Nikkei 225 lost 0.5 percent to 22,409.55
PSX pondering separate counter for trading of less liquid stocks
Karachi: To prevent price manipulation and step up free float in the bourse, the Pakistan Stock Exchange (PSX) is considering launching a...
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
Regulations impending investments from private equity funds: Experts
KARACHI: A consultative workshop “Pakistan private equity regulatory regime” was held on Thursday by USAID in partnership with Securities and Exchange Commission...
Oil prices fall as economic growth worries spread
International Brent crude oil futures were at $62.26 per barrel at 0410 GMT, down 48 cents, or 0.8 percent, from their previous close