Country’s dollar reserves jump by $1.339b to $17.079b
KARACHI: The dollar reserves of the State Bank of Pakistan (SBP) jumped by $1.339 billion during the last week and stood at...
Market Daily: PSX wraps up with sluggish display, ending in green
LAHORE: The Pakistan Stock Exchange (PSX) put up a confused show on Wednesday. Indices swayed in both directions but managed to close...
Pakistan dismisses US concerns about IMF bailout
ISLAMABAD: Pakistan on Wednesday dismissed US concerns for 'a new International Monetary Fund (IMF) bailout for the South Asian nation are to...
Market Daily: KSE-100 down 844 points
LAHORE: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday after four days in the green. An international media agency...
Standard Chartered sees ‘minimal’ hit from U.S.-China spat as profits rise
Standard Chartered Plc, which gets most of its earnings from Asia, saw its retail banking income rise 9 percent on strong performances in Greater China and North Asia.
Dollar seesaws vs yen after BOJ tweaks policy
The dollar briefly dropped to 110.75 yen before jumping to a one-week high of 111.44 yen, gaining about 0.3 percent on the day, after the BOJ took measures to keep its massive stimulus programme flexible
Dollar further depreciates Rs0.85 against rupee in inter-bank market
On Monday, the inter-bank market had opened to gains of Rs5.86 against the greenback, touching Rs122 in the inter-bank market, as it kept swinging during trading, shedding 4.6 percent of its value
Oil prices decline on oversupply concerns as OPEC output increased in July
For the month, Brent futures are set to drop 6.2 percent, the most since July 2016, while WTI futures set to decline 5.9 percent to, the biggest monthly drop since March 2017
Chinese company interested in acquiring 51 percent stake in Fauji Foods
Inner Mongolia Yili Industrial Group Co., Ltd. produces and sells dairy products in China and internationally
Asia stocks dip to start week, following Wall Street losses
Japan’s Nikkei 225 index dropped 0.8 percent to 22,536.81 and South Korea’s Kospi edged 0.2 percent lower to 2,291.09
PSX surges 608 points in first hour of trading
LAHORE: The Pakistan Stock Exchange (PSX) surged 608.16 points, touching 43,394.61 within the first hour of opening, as it continued its momentum...
Oil prices mixed; Brent eases as trade tensions weigh
Brent crude futures fell 5 cents to $74.24 a barrel, after notching up a 1.7 percent weekly increase last week, the first gain in four weeks
Rupee gains Rs2.82 against dollar in inter-bank market
The dollar last week shed Rs7.60 in the open market due to an abundance of supply of US dollars in the kerb market
Iran’s rial extends record fall as U.S. sanctions loom
The rial has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions
Handling of economic challenges to guide investors’ sentiments next week
LAHORE:Â Experts believe the relief rally is to be fizzled out gradually over the upcoming week following the shift of focus on key...