IMF mission chief’s visit to Pakistan concludes

ISLAMABAD: The maiden visit of International Monterey Fund (IMF) mission chief for Pakistan came to an end on Wednesday. As per details, IMF Mission...

PSX gains 635 points as volumes soar

Trade volumes crossed 200m mark for the first time in a month KARACHI: Positive news from Islamabad triggered some excitement within the investors...

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump

HONG KONG: The world's largest maker of cryptocurrency mining chips has shelved plans for an ambitious initial public offering in Hong Kong, becoming...

Asad Umar meets IMF mission chief, discusses tax reforms

 Ernesto Ramirez expresses concern over reduction in tax collection ISLAMABAD: The International Monetary Fund (IMF) new mission chief Ernesto Ramirez Rigo on...

Oil up near $68 as supply cuts outweigh economic worry

LONDON: Oil rose towards $68 a barrel on Tuesday as OPEC supply cuts and expectations of lower US inventories outweighed concern about weaker...

China’s Huawei sees little impact on sales from US broadside

SHENZHEN/HONG KONG: The US campaign against China’s Huawei is having little impact on the company's sales and it is unlikely many countries...

Saudi Aramco building global gas business to cut carbon footprint

DUBAI: Saudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in...

PSX ends 220 points higher despite early tremors

KARACHI: The Pakistan Stock Exchange (PSX), after witnessing a volatile trading session, managed to close in the green. As per news reports, a team affiliated...

French budget deficit sinks to 12-year low

PARIS: France's budget deficit fell to a 12-year low of 2.5pc in 2018, a greater-than-expected decline achieved despite falling growth and purchasing...

Uber buys rival Middle Eastern Careem for $3.1bn

Uber will pay $1.4bn in cash and $1.7bn in convertible notes in a deal that gives it full ownership of Careem ...

Wall Street falls on global growth worries

US stocks fell on Monday, extending the previous session’s steep sell-off, hit by worries of a slowdown in global economic growth. However, Wall...

Govt fails to increase revenue collection, address power sector woes

'Revenue shortfall could reach Rs485bn this year, the highest under any govt' ISLAMABAD: As the International Monetary Fund (IMF) mission chief to Pakistan...

BOI committed to improving Pakistan’s EODB ranking

Official says Pakistan will be ranked among top 100 countries by the time World Bank releases its next EODB rankings ISLAMABAD: The Board...

PSX sheds 403 points amid low turnover

Market participation decreased by 33pc, from 54.20m shares in the previous session to 36.49m shares KARACHI: The Pakistan Stock Exchange (PSX) witnessed a...

Economic gloom hits world stock markets

Worries about economic growth prospects hit global stock markets during the past week, causing sharp price drops on both sides of the...