Weekly inflation rises 0.62pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on April 23 witnessed an increase of 0.62pc, Pakistan Bureau...
Fertilisers face inventory glut as urea offtake drops 34pc in March
LAHORE: Urea offtake for March 2020 clocked in at 303,000 tonnes, down 34pc when compared with February 2020 and 26pc when compared...
Maple Leaf Cement incurs Rs960m loss in 3QFY20
LAHORE: The Board of Directors of Maple Leaf Cement Factory Limited (MLCF) recently met to review the company's performance and announce its...
Govt’s intervention sought as ginning industry fights for survival
LAHORE: The Pakistan Cotton Ginners Association (PCGA) on Friday urged the government to formulate a strategy and recover Rs30 billion from textile...
3QFY20: Indus Motor reports 20pc decrease in profit
LAHORE: The Board of Directors of Indus Motor Company Limited (INDU) met on Friday to review the company's performance and announce its...
Stocks close flat in range-bound session
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Friday, with the benchmark KSE-100 Index failing to capitalise on...
Dollar strengthens against rupee in interbank market
After weakening by Rs 6.99 or 4.19% in the last six days, the US dollar rebounded on Friday by Rs 1 or...
Asian shares fall over Covid-19 drug doubts, economic damage concerns
TOKYO/WASHINGTON: Asian shares and US stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat...
Foreigners withdraw $59m from T-bills
KARACHI: It was too good to last. After weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on...
UBL profit increases 21pc to Rs4.9bn
KARACHI: The Board of Directors of United Bank Ltd (UBL) met on Thursday to review the bank’s performance and announce its financial statements...
Soneri Bank posts Rs407m profit for 1Q2020
The Board of Directors of Soneri Bank Limited, in its 176th meeting held in Lahore, approved the bank’s condensed interim financial statements...
Bank AL Habib reports 38pc increase in profit
The Board of Directors of Bank AL Habib Limited has announced the bank’s financial results for the three months period ended March...
IMF loan will reduce Pakistan’s financing risks: Moody’s
KARACHI: The International Monetary Fund’s disbursement of $1.4 billion to Pakistan is expected to reduce the country's financing risks, said Moody’s Investors...
DG Cement incurs Rs1.07bn loss in 3QFY20
LAHORE: The Board of Directors of D.G. Khan Cement Company Limited (DGKCC) met on Thursday to review the company's performance and announce...
Bulls hold ground as KSE-100 gains 386 points
KARACHI: Bullish trend prevailed at the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 managing to accumulate gains amid volatility.
"International...