SECP to adopt 7 new Islamic finance standards
ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption...
Asian stocks mixed, following gains on upbeat trade talk
TOKYO: Shares were mixed in Asia on Wednesday, trading in a narrow range after overnight gains following conciliatory comments on trade by...
Oil prices dip from 2014 highs, as U.S oil production rises
SINGAPORE: Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by...
SECP notifies new AAOIFI shariah standards for public consultation
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has fast-tracked the adoption of Shariah standards to bring about harmonisation and standardisation...
Saudi Arabia gearing up for issuance of multi-tranche dollar bond
DUBAI: Saudi Arabia has given initial price guidance for a planned multi-tranche dollar bond, a document from one of the banks leading...
Asian shares edge lower, as trade threats between US-China persist
SINGAPORE: Asian shares edged lower on Tuesday as Wall Street retreated from its highs after the FBI raided the offices of U.S....
Oil prices fall, as US trade war with China rattles markets
SINGAPORE: Oil prices dipped on Tuesday, easing after strong gains in the previous session when hopes that trade disputes between the United...
Abraaj engaging U.S investment bank Houlihan Lokey for health-fund advice after controversy
DUBAI: Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey to help it try to stem the fallout from...
Pakistan’s real economy is performing well: IPR report
LAHORE: Pakistan's real economy is performing well with favorable signs for GDP growth rate, inflation, consumption and private sector economic activities. This...
Market Daily: KSE 100 index drops 107.56 pts from previous close
LAHORE: The Pakistan Stock Exchange (PSX) saw bears coming back in action as indices traded range bound. Excitement over the tax reforms seemed...
Engro Foods committed to its motto of “Nourishing through Nature”
SAHIWAL: Engro Foods Limited (EFL) has established its credibility in Pakistan in a short span of ten years and this credibility has attracted foreign investors...
Investors to get hefty incentives for industries in Special Economic Zones
ISLAMABAD: Pakistani and Chinese investors, preparing to set up industry in Special Economic Zones (SEZs) will get significant incentives including exemption from...
Pakistan’s strengthening financial market attracts Chinese fintech giant
ISLAMABAD: As Pakistani market is attracting the attention of the Chinese entrepreneurs, a popular Chinese Fintech company, Webull, is all set to...
India’s central bank clamps down on cryptocurrencies
MUMBAI: India’s central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and...
Oil prices dip 2 percent as US-China trade blows over tariffs
NEW YORK: Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears...