Oil down 5pc after Trump gets coronavirus and economies wobble
LONDON: Oil prices fell 5pc on Friday after US President Donald Trump tested positive for Covid-19 and negotiators failed to agree a...
Bears dominate PSX as index sheds over 600 points
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed bloodbath on the last trading session of the week, with the indices taking a beating amid...
Exports rise 6pc YoY to $1.87bn in Sept
Pakistan's exports rose 6pc to $1.872 billion in September 2020, as compared to the corresponding month of last year, Adviser to Prime...
Italy-Pakistan Footwear Technological Centre inaugurated in Lahore
The governments of Pakistan and Italy, through the Pakistan Footwear Manufacturers Association, have inaugurated the Italy-Pakistan Footwear Technological Centre (IPFTC) in Lahore.
The...
FBR, PSMA sign accord for electronic monitoring of sugar production
ISLAMABAD: The Federal Board of Revenue (FBR) has signed a memorandum of understanding (MoU) with Pakistan Sugar Mills Association (PSMA) to operationalize...
Late buying helps benchmark index close in green
KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatile activity on Thursday, with the benchmark index taking a beating in early trade before...
IMF pushes for changes governing debt restructurings
WASHINGTON: International Monetary Fund officials on Thursday warned that risks of a sovereign debt crisis sparked by the coronavirus pandemic will rise...
Diesel price cut by Rs2.4 per litre; petrol rate remains unchanged
The government has decided that there will be no increase in the price of petrol for next 15 days.
According to a notification...
Stocks plunge 632 points on selling pressure
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to selling pressure on Wednesday, as the indices failed to hold on to gains and...
Whistleblower warned EY of Wirecard fraud four years before collapse: report
An employee of Ernst & Young (EY) had warned the firm in 2016 that Wirecard senior managers may have committed fraud, naming...
Oil falls over 4pc as virus cases mount and US debate looms
NEW YORK: Oil prices fell over 4pc to their lowest in two weeks on Tuesday on worries about the outlook for fuel...
PVMA chief for promotion of oilseed farming to cut $4bn import bill
KARACHI: Vanaspati manufacturers are currently importing raw material worth $4 billion, which must be reduced by promoting local cultivation of oilseeds.
This was...
Govt to announce wheat support price this week, NA body told
ISLAMABAD: The government is expected to announce the minimum wheat support price for 2020-21 crop in the next few days, National Food...
Stocks bounce back with 463-point rally
KARACHI: Bulls of the Pakistan Stock Exchange (PSX) came roaring back to the market on Tuesday, with the indices recovering all losses...
Gulf nations desperate for higher oil prices
RIYADH: Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive half-trillion-dollar budget deficit.
Gulf nations...