Brent oil gains $1 to claw back some losses
Brent crude rose $1.31, or 1.8 percent, to $74.71 by 0242 GMT after slumping 6.9 percent on Wednesday
Dollar holds firm against yen, major peers on strong U.S. inflation
The dollar edged up 0.1 percent, trading at 112.07 yen after breaking through the 112-barrier for the first time since Jan. 10 in U.S. trade. The dollar had gained as much as 1.3 percent on Wednesday to 112.175 yen
Widening twin deficits overshadow performance of real economy: SBP
KARACHI: Real Gross Domestic Product (GDP) maintained its upward trajectory, exhibiting a 13-year high growth of 5.8 per cent in FY18. Benign...
Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
Market Daily: PSX remains buoyant, closes up 133.95 points
LAHORE: The Pakistan Stock Exchange (PSX) started Wednesday morning in the red. Just when it seemed like indices have lost the momentum...
Gold prices decline, as dollar gains against yuan in escalating trade war
A firmer greenback makes bullion expensive for holders of other currencies as the commodity is priced in dollars
Asian stock markets rattled as U.S. ups ante in trade conflict
Hong Kong’s Hang Seng slid 1.5 percent and the Shanghai Composite Index dropped 1.8 percent
Summit Bank reiterates operations running smoothly and efficiently
SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours
Brent crude drops more than $1 after U.S. softens stance on Iranian sanction waivers
Washington will consider requests from some countries to be exempted from sanctions it will put into effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday
U.S. to slap tariffs on extra $200 billion of Chinese imports
Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China
Hi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
Asian currencies hobbled by absence of catalysts, lingering trade worries
The dollar’s index against a basket of six major currencies hovered around June’s lows, up just a touch on the day at 94.181, mainly capped by disappointing wages growth in an otherwise solid U.S. payrolls report on Friday
Do not blame OPEC, oil producer group says of Trump criticism
Global oil prices have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May for the first time in 3-1/2 years
Asia shares rise for a third day, pound bewildered by politics
Japan’s Nikkei climbed about 1 percent and South Korea 0.5 percent, while E-mini futures for the S&P 500 firmed 0.2 percent
Oil prices climb over escalating worries of supply shortages
Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday