Stocks gain 195 points in volatile session

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Friday, with the benchmark KSE-100 Index making a swift recovery after...

Rate of inflation for essential items falls: Asad Umer

Federal Minister for Planning and Development Asad Umar has said the rate of inflation for essential products has fallen to less than...

Gold hits 1-month peak fuelled by Fed’s new stimulus measures

“Gold's rallying because this monetary largesse will eventually have to be repaid and that payment may come as sudden higher inflation somewhere...
Oil refineries

Oil prices fall sharply as top producers hold key talks

Oil prices fell sharply Friday as top producers attempted to finalise a crucial agreement on output cuts in a bid to counter...

Asian markets mixed after Fed stimulus boosts Wall Street

The Asian markets were mixed in morning trade on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight. In its...

FBR proposes ‘electronic fiscal devices’ for integrated enterprises

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the installation of electronic fiscal devices for integrated enterprises. The tax department on Thursday...

Foreign outflows reach $292m in April

KARACHI: Total gross divestment during April 2020 has reached $292 million, according to data released by the State Bank of Pakistan (SBP),...

SBP reserves drop $463m to $10.7bn

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $463 million to $10,722.5 million during the week...

PRCS, Humanetek settle dispute over mobile app  

The Pakistan Red Crescent Society (PRCS) and Humanetek have amicably resolved their dispute over a mobile application and wished success to each...

Experts suggest duty-free import of sugar to curb cartelisation

LAHORE: Economic experts have recommended the government to lift the ban on sugar imports (allow duty free imports) and let the market...

Bulls regain control as KSE-100 accumulates 866 points

KARACHI: Bulls helped the Pakistan Stock Exchange (PSX) recover losses accumulated in the previous session, with the benchmark KSE-100 Index crossing the...

OPEC, allies to consider output cut after price crash

Top crude producers will hold a crucial teleconference on Thursday to discuss a possible cut in output after a collapse in demand...

Asian equities mostly rise as dealers eye slowing infection rate

Asian markets were mostly in positive territory Thursday following another strong day for Wall Street as traders buy into optimism that the...

Oil rallies as deal takes shape before key meeting

Oil prices extended gains Thursday after Russia signalled it was ready to cut output before a key producers' meeting aimed at boosting...

PSX completes pilot run of new surveillance system

KARACHI: The Pakistan Stock Exchange (PSX) successfully completed the pilot run of its new surveillance system in the last week of March...