Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Gold inches up as euro gains against dollar
Spot gold was up 0.1 percent at $1,297.46 per ounce by 0703 GMT, while U.S. gold futures for August delivery were largely unchanged at $1,301.50 per ounce
Asian stock markets rise, following rally on Wall Street
Japan’s Nikkei 225 jumped 1 percent to 22,839.85 and the Shanghai Composite Index added 0.2 percent to 3,120.46.
Oil prices rise, as exports plunge from Venezuela
U.S. crude oil production hit another record last week at 10.8 million barrels per day (bpd). That’s a 28 percent gain in two years, or an average 2.3 percent growth rate per month since mid-2016
Japan’s Sojitz Corp to invest $136.9 million for assembling Hyundai vehicles in Pakistan
Sales will be carried out through distributor-owned dealers and franchise dealers, with the goal of reaching 6% market share by 2024, read a stock market notification
Abraaj in doldrums, as Kuwaiti creditor refuses deal, may prompt provisional liquidation
Sources said the standstill agreement was needed to help facilitate the sale of its investment management business to Cerberus.
Asian stocks mixed as trade war fears set in
Japan’s benchmark Nikkei 225 index rose 0.1 percent to 22,497.89 but South Korea’s Kospi lost 0.1 percent to 2,445.37.
Oil prices rebound on expected stockpile drop
OPEC is due to meet in Vienna on June 22 to decide whether the group and non-OPEC members, including Russia, will raise production to ease concerns over potential supply shortfalls from Iran and Venezuela
Abraaj expects deal on secured debt, Kuwaiti creditor holds out
Dubai-based Abraaj Holdings is trying to push through a sale of Abraaj Investment Management to New York-based Cerberus Capital Management as it tries to stem the fallout from allegations it misused investor money in a $1 billion healthcare fund
Abraaj to meet lenders, shareholders Monday to discuss restructuring
DUBAI:Â Dubai-based Abraaj said it will meet lenders, shareholders and other invited parties on Monday to discuss the restructuring of the private equity...
Market Daily: KSE 100 starts positive, increases by 381.10 points
LAHORE:Â The Pakistan Stock Exchange (PSX) marked a positive beginning to the week. The weekend brought in the news of a smooth transfer...
Dawood Lawrencepur approves Rs70 million investment in right share issue of Reon Energy
It also gave go-ahead to an issuance of a corporate guarantee in favour of Allied Bank as a security against running finance/money market loan of Rs5 million to be obtained by Tenaga Generasi Limited
At-Tahur Ltd set to get listed on PSX later this month
This will be the third IPO of the year following Matco Foods and AGP Pharmaceutical’s listing on the bourse in January and February respectively
Rupee plunges to record low against dollar, touches Rs119.35 in kerb market
Many expecting an imminent devaluation of the rupee have started holding onto their dollars foreseeing a better return later
Global trade friction puts Asian factories, export recovery at risk
The biggest risk for China’s vast manufacturing sector, which posted surprisingly steady growth this year, stems from a potentially crippling trade war with the United States, analysts say