Thursday, July 2, 2020
Sign inJoin

FY20: PSX among top-performing markets despite Covid-19

Pakistan Stock Exchange remained Asia's third-best market in FY20, after China and Taiwan

Global light vehicle sales to fall 20pc this year: Moody’s

NEW YORK: The coronavirus compounds the challenges already confronting the global auto industry and Moody’s estimates that global light vehicle sales will...

Oil rises 2pc on US crude stockpile draw, global manufacturing activity

NEW YORK: Oil prices rose nearly 2pc on Wednesday following a drawdown in US crude inventories from record highs and a string...

Tesla becomes most valuable automaker in latest stock rally

Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalization overtook...

‘Fuel shortage must not be linked with partial curtailment of oil imports’

Petro Division urges media to provide objective info to public and reserve comments till court judgments

Urea offtake jumps 76pc to 1.2m tonnes in June

Inventory levels drop to 400,000 tonnes in June from 1.1m tonnes in May

IMF revises down Asia’s economic forecast; warns of $12tr loss globally

'For the first time in living memory, Asia’s growth is expected to contract by 1.6pc, a downgrade to the April projection of zero growth'

KSE-100 welcomes FY21 with 485-point rally

KARACHI: The Pakistan Stock Exchange (PSX) greeted the financial year 2020-21 (FY21) with positivity, as the benchmark index extended its rally from...

Food inflation pushes CPI to 8.6pc in June 

Monthly inflation was led by a spike in the prices of wheat/flour, potatoes, pulses, condiments and spices

SBP raises Rs16bn through T-bill auction

KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs16.1 billion through Pakistan Market Treasury Bills (T-bills), against...

Rupee depreciates 4.8pc in FY20

'Stability in current account deficit coupled with building up of forex reserves led towards normalized PKR depreciation in FY20, when compared with hefty depreciation of 24pc last year'

PSX closes FY20 on positive note; benchmark gains 240 points

--Despite Covid-related volatility, KSE-100 records an appreciation of 1.53pc in FY20 --Fertiliser, cement and pharma sectors remain top contributors to the index KARACHI: The...

SCCI urges govt to allow imports from Afghanistan

'Further delay may lead to disallowance of Pakistan's export to Afghanistan and Central Asian Republics'

11MFY20: Medicinal imports drop 12pc to 886m

Pakistan imported $55m worth of medicinal products in May 2020, as against the imports of $74.3m in April

’12-minute situation’: PSX condemns terrorist attack

MD terms terrorist attack 'an attempt to scare away investors from Pakistan', lauds security personnel for 'defusing the situation within no time'