Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Market Daily: Bulls in control as Imran becomes PM
LAHORE: It was an exciting day for the investors of the Pakistan Stock Exchange (PSX) where bulls finally gave up on sleep...
JS Group acquires 48% stake in coastal power company
ISLAMABAD:Â The JS Group has acquired 48% shares in Habibullah Coastal Power Company (HCPC), an independent power producer which has recently won a...
Market Daily: KSE-100 index sheds 485 points
LAHORE: The Pakistan Stock Exchange (PSX) had another turbulent session on Thursday with negative triggers all around. On the economic front, the...
What can devaluation of Turkish lira mean for Pakistani rupee?
Turkish lira’s recent drop will boost the US dollar adversely affecting the Pakistani Rupee in return
Asian stocks slide as investors fret over China’s economy
Japan’s Nikkei 225 index fell 0.2 percent to 22,158.75 and the Hang Seng in Hong Kong lost 0.6 percent to 27,155.66. The Shanghai Composite index sank 0.9 percent to 2,699.60
Dollar off 13-month peak, emerging currencies up on Sino-U.S. trade talk news
The news that the world’s two biggest economic powers, currently locked in a trade war, were showing a willingness to negotiate boosted investor sentiment after a worrying week
Oil edges up as China, U.S. set for trade talks
International Brent crude oil futures were at $70.93 per barrel at 0335 GMT, up 17 cents, or 0.26 percent, from their last close
Market Daily: PSX puts up weak show as KSE-100 closes in red
LAHORE: The Pakistan Stock Exchange (PSX) trailed regional and world markets and put up a weak show on Wednesday. A plunge in...
Indian rupee hits record low of 70 to the dollar
MUMBAI: The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off...
New govt tasked with saving economy from major crisis Â
BEIJING: The new Pakistani government has a major agenda of bringing the economy back on track. Imran Khan, whose political party emerged...
Oil edges up on Saudi output cut and Iran sanctions, but slowing economic growth drags
In July, Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries (OPEC) that it had curbed production by 200,000 barrels per day (bpd) to 10.288 million bpd
Euro on back foot with lira, emerging market peers seen vulnerable
Investors are nervous the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital
PSX re-composes KSE 30 index
LAHORE: The Pakistan Stock Exchange (PSX), through a notification declared that it had re-composed the KSE-30 index for the review period from...
Market Daily: Indices shrink as Independence Day fails to excite investors
LAHORE: The KSE 100 touched intraday high of 42857.58 after gaining 15.40 points soon after the session begun. But failed to hold...