PSX ends 220 points higher despite early tremors

KARACHI: The Pakistan Stock Exchange (PSX), after witnessing a volatile trading session, managed to close in the green. As per news reports, a team affiliated...

French budget deficit sinks to 12-year low

PARIS: France's budget deficit fell to a 12-year low of 2.5pc in 2018, a greater-than-expected decline achieved despite falling growth and purchasing...

Uber buys rival Middle Eastern Careem for $3.1bn

Uber will pay $1.4bn in cash and $1.7bn in convertible notes in a deal that gives it full ownership of Careem ...

Wall Street falls on global growth worries

US stocks fell on Monday, extending the previous session’s steep sell-off, hit by worries of a slowdown in global economic growth. However, Wall...

Govt fails to increase revenue collection, address power sector woes

'Revenue shortfall could reach Rs485bn this year, the highest under any govt' ISLAMABAD: As the International Monetary Fund (IMF) mission chief to Pakistan...

BOI committed to improving Pakistan’s EODB ranking

Official says Pakistan will be ranked among top 100 countries by the time World Bank releases its next EODB rankings ISLAMABAD: The Board...

PSX sheds 403 points amid low turnover

Market participation decreased by 33pc, from 54.20m shares in the previous session to 36.49m shares KARACHI: The Pakistan Stock Exchange (PSX) witnessed a...

Economic gloom hits world stock markets

Worries about economic growth prospects hit global stock markets during the past week, causing sharp price drops on both sides of the...

State-sponsored cyberattacks on banks on the rise: report

NEW YORK: Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according...

Cement exports rise 52pc in eight months FY19

KARACHI: Cement exports during the first eight months of the current fiscal year (from July 2018 to Feb 2019) registered a growth of...

Apple’s Tim Cook urges China to keep opening its economy

BEIJING: Apple chief executive Tim Cook on Saturday urged China to keep opening up its economy as local rivals bit into the profits...

Proton officially enters Pakistani car market

ISLAMABAD: The joint venture between Malaysia's Proton and Pakistan's Al-Haj Group has been the centrepiece among a series of agreements signed between Pakistan...

Urea off-take rises by 5pc in February

ISLAMABAD: Urea sales witnessed a nominal rise of 0.9pc during the five months of this year's Rabi season (Oct-Feb FY19), as per the...

Pakistan, Malaysia sign agreements for strengthening economic ties

Agreements signed for 'five big projects', says Asad Umar Both countries agree to take joint action against Islamophobia ISLAMABAD: Pakistan and Malaysia on...

Weekly inflation falls 0.19pc

The weekly inflation for the combined income group during the week ended on March 21 witnessed a decrease of 0.19pc as compared...