IMF, Pakistan reach staff-level agreement for $450m tranche
WASHINGTON:Â Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...
Oil prices slide to lowest in a year
KARACHI: Oil prices fell for the fifth consecutive day on Thursday, reaching their lowest since January 2019 as new cases of the...
SBP reserves up $87m to $12.6bn
KARACHI:Â Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $87 million to $12,591.5 million during the week ending February...
Coronavirus scare takes over stock market
KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower
FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
SBP raises Rs388bn from T-bill auction
KARACHI:Â The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300...
US seeks to boost trade with Pakistan, says top official
Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance
Nestlé Pakistan’s revenue falls 3pc to Rs116bn
Nestlé Pakistan posted a revenue of Rs116 billion for 2019, a 3.9pc reduction from 2018.
The continuously evolving challenges in the economic and...
Oil falls as coronavirus gains territory
KARACHI: Following a rebound in black gold last week, crude oil found itself trading sharply lower on Wednesday as the rapid spread...
Break on gold rally as investors book profit
KARACHI:Â Gold dropped Rs400 to Rs94,750 per tola after trading at Rs95,150 per tola. As per the Karachi Sarafa Association, gold prices checked...
KSE-100 jolted by global market tremors, falls 520 points
KARACHI:Â In line with global market trends, the Pakistan Stock Exchange (PSX) ended another session in the negative zone.
As per the analysts, the...
China virus wipes out $1.7 trillion in US stock market value in two days
NEW YORK: Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused...
Competing telecom operators integrate mobile financial platforms
Jazz, Telenor collaborate to ensure reliable, border-less services to customers
Bears keep control as index drops 285 points
KARACHI: Bearish trend continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 index falling below the 39,000-mark.
Foreign investors...
Gold at a high as oil slips lower
KARACHI:Â Gold hit a seven-year peak as fear regarding coronavirus does not seem to be off the radar.
While gold saw safe-haven inflows, world...