Stocks lose 180 points on selling pressure
KARACHI: The Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure.
Although the bulls managed to overpower the...
Rout relents as China keeps yuan on leash
LONDON: A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past...
‘US currency manipulator labelling could cause chaos in financial markets’
BEIJING/SHANGHAI: China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order...
Pakistan’s IT exports increase 4.3pc to $1bn
ISLAMABAD: Pakistan earned $1 billion by providing different information technology (IT) services to various countries during the first eleven months of the...
‘Govt aspires to transform Pakistan into land of opportunities’
In order to break the cycle of recurring instability and to put the economy on the path of sustained growth and stability,...
NBP partners with WorldRemit for digital money transfers to Pakistan
Using the WorldRemit app, Pakistanis living in over 50 countries can send money directly from their smartphones to NBP cash pickup...
Govt urged to address SMEs’ plight
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has stated that the small and medium enterprise (SME) sector was struggling the...
Global trade likely to remain weak in coming quarters: ECB
FRANKFURT: Global trade is likely to pick up only gradually in coming quarters and will remain weaker than overall economic activity, the European...
Huawei tests smartphone with own operating system
SHANGHAI: Huawei Technologies Co Ltd is testing a smartphone equipped with Hongmeng, the company’s self-developed operating system, which could potentially go on sale...
PM orders early revival of Pakistan Steel Mills
'Destruction of a profit-making entity is the manifestation of maladministration on part of previous govts'
ISLAMABAD: Prime Minister Imran Khan on Monday directed...
Stocks continue to lose ground, index closes 485 points lower
KARACHI: It was just another dull start to the trading week at Pakistan Stock Exchange (PSX) where indices dropped, volumes narrowed and trading...
Import of agricultural machinery surges 8.73pc in FY19
ISLAMABAD: The import of agricultural machinery into the country during the financial year 2018-19 witnessed an increase of 8.73pc, as compared the corresponding...
China’s yuan breaks below 7 to the dollar, an 11-year low
LONDON: China let its yuan weaken below 7 to the dollar on Monday, an 11-year low, as the escalation in the US-China trade...
Two new names emerge for BOP presidentship after SBP shoots down Talib Rizvi’s appointment
Editor's Note: An earlier version of this news item mentioned a few allegations that could not be independently verified and hence have...
Traders reject draft of fixed tax regime
APAT official terms FBR's fixed tax scheme 'a joke', says department cannot impose taxes on the basis of an outlet's 'area'
LAHORE:...