Rupee dips to Rs125 against dollar in kerb market
If Pakistan agrees to obtain a bailout package from the IMF, the rupee would further plunge against the dollar and other major foreign currencies
Pakistan yet to implement TIR convention signed in 2015
MoC, FBR, Communication still have conflicting rules for simplifying international road transport
ISLAMABAD: In spite of over three years delay, Pakistan has yet...
Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall
Washington is putting pressure on other countries to also cut Iran imports, with close allies like South Korea and Japan, but also India, showing signs of falling in line
United Brands subsidiary IBL Logistics gets contract from major beverage company
According to United Brands, this contract will allow its subsidiary IBL Logistics Private Limited to earn a revenue of Rs25 million per month
Qatargas agrees on 22-year LNG supply deal with China
The Qatari state-owned company will supply LNG from the Qatargas 2 project - a venture between Qatar Petroleum, Exxon Mobil Corp and Total - to receiving terminals across China, with the first cargo to be delivered this month
Indian bonds, rupee slump as emerging markets come under pressure
The Reserve Bank of India (RBI) and its peers in other emerging economies have been forced to defend their currencies recently in the wake of a confluence of dollar-supportive events
OGDCL makes oil & gas discovery at Chanda oilfield in Kohat
The block is operated by OGDC with 72 percent stake along with 17.5 percent and 10.5 percent stake of GHPL and ZPCL respectively
Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
Brent crude futures climbed 50 cents, or 0.65 percent, to $77.33 a barrel
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
Turkmenistan seeks South Asian markets after power plant boost
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan
Dollar rises on solid U.S. August jobs report, but trade tensions persist
U.S. benchmark Treasury yields rose on Friday to their highest in almost a month
Abraaj shutting down London office, as woes mount
Earlier this week, Bloomberg reported Abraaj’s fund unit had received an offer of $1 from private equity firm Actis, sources aware of the development disclosed
Market Daily: Waning investor confidence leads to PSX losing 411.62 points
LAHORE: The final day of the week saw investors opting out of the market. Indices added on to the losses as the...
World shares driven towards worst week since March by trade tensions
MSCI’s broadest index of Asia-Pacific shares outside Japan had still lost 0.3 percent though, having earlier reached its lowest since mid-July last year
Engro Polymer & Chemicals to enter hydrogen peroxide business with $23m investment
Engro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process