Market Daily: Indices in red as political uncertainty prevails
LAHORE: To add to the economic uncertainty came political trouble. As protestors march towards the Federal Capital Islamabad, investors sell at the...
Cotton market sees brisk trading
KARACHI: Brisk activity was witnessed on the cotton market on Tuesday as buyers continued to replenish their stocks at a higher level.
At...
No decision to approach the IMF yet, says Asad Umar
ISLAMABAD: While speaking on the floor of the Senate on Tuesday, Finance Minister Asad Umar said the government has not made a decision...
Market Daily: KSE-100 drops 201 points amid uncertain economic conditions
LAHORE: It was another dull day with low market participation. Indices swayed in both directions in the morning, but late selling forced...
Standard Chartered profits grow 3 percent YoY, touch Rs5.2 billion in 1st half of 2018
SCB posted strong growth in advances by 12 percent from the start of this year and client revenue rose by 10 percent YoY
Indus Motors profits surge 25pc YoY, touch Rs15.772mn
Indus Motor is going to make a capital expenditure of Rs3.3 billion to increase production capacity from 65,000 units to 76,000 units on a double-shift basis which is anticipated to produce great benefits in FY20-21
UAE court sentences Abraaj CEO in bounced cheque case, lawyer says settlement reached
Arif Naqvi’s lawyer Habib Al Mulla said in an email that the parties had reached a settlement
ECC to take up circular debt, impact on power sector in first meeting
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet will take up the matter of circular debt and its impact on the...
Market Daily: PSX off to a positive start as market gains 157 points
LAHORE: The Pakistan Stock Exchange (PSX) started the week on a positive note. The indices moved uphill from the word go and...
New digital exchange seeks to host Islamic finance startups
OneGram also plans to list its own sharia-compliant cryptocurrency on the exchange by mid-September
China in struggle to curb reliance on US market, suppliers
The United States bought $430 billion of China’s exports last year, or 20 percent of the $2.2 trillion total
Engro Polymer signs contract with Tianchen Corp for integrated manufacturing facility
Engro Polymer at the end of December 2017 sent a notification to PSX informing its board of directors had approved a capital expenditure of Rs10.3 billion for the addition of a new PVC Plant
Yuan at two-and-a-half week high as China signals support, revives fix factor
The announcement was seen as the latest signal from the People’s Bank of China (PBOC) that is not comfortable with further depreciation in the yuan which could spark capital outflows from the cooling economy
CLSA to enter Pakistan’s brokerage & investment sector with investment in Alfalah Securities
In January, CLSA expressed keenness to enter the country’s banking sector, as it saw significant investment opportunities in Pakistan
Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close