Sulaiman Mehdi new PSX chairman
LAHORE: Pakistan Stock Exchange (PSX) in a notification Thursday announced the appointment of Sulaiman S. Mehdi as the chairman of its board.
“In...
Nikkei Asian Review dubs CPEC as Chinese debt trap
GWADAR: Pakistan’s trade deficit with China has been rising, and there are concerns about what happens if it is unable to repay...
Gold hits 2018 low amidst subdued markets
LONDON: Gold hit its lowest in a year on Tuesday as the dollar steadied and most other markets were subdued before Federal...
Dollar rises to 128.75 as Rupee devaluation persists
KARACHI: The devaluation of the local currency against the US dollar continued in the interbank market on Tuesday as the greenback soared...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...
Market Daily: KSE 100 falls 605 points falling below 40k mark
LAHORE: In the aftermath of central bank increasing its policy rate ahead of a tense national vote to 7.5 per cent from...
Asian shares fall on soft China data, trade war fears
After briefly moving higher on early gains in China’s share markets, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent
Rupee plunges to record low of Rs128 against greenback in inter-bank market
The rupee started intra-day trading Monday at Rs121.55, shooting up to Rs127.5 before peaking to a high of Rs128 in the inter-bank market against the greenback before settling down at Rs128
Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
Manifestos of major political parties lack immediate solution to economic issues
ISLAMABAD: Though the political parties realise the grave economic situation of the country, they have not shared their strategy of dealing with the...
Asian stock markets mostly higher; Japan’s Nikkei up on weak yen
Japan’s Nikkei 225 jumped 1.3 percent to 22,483.13 and South Korea’s Kospi gained 0.8 percent to 2,302.32.
Oil edges lower, set for big weekly decline
Brent crude eased 36 cents, or 0.5 percent, to $74.09 by 0326 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
US soon to leapfrog Saudis, Russia as top oil producer
The United States led the world in oil production for much of the 20th century, but the Soviet Union surpassed America in 1974, and Saudi Arabia did the same in 1976, according to Energy Department figures
Asian stock markets rebound as dollar extends rally
The optimism helped bargain buying Thursday, with Tokyo ending the morning session more than one per cent higher, Hong Kong adding 0.5 per cent and Shanghai rallying 1.3 per cent