PSX gains 501 points amid bullish trading
Cement sector manages to add 4.58pc in its cumulative market capitalisation
KARACHI:Â Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on the...
World stocks subdued, dollar firm as US job’s bounce fades
LONDON: World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled...
Price of Urea bag likely to be reduced by Rs200
ISLAMABAD:Â As the federal cabinet has reduced 50pc Gas Infrastructure Development Cess (GIDC) for eight sectors, including the fertilizer industry, the prices of...
Pakistan recorded non-resident equity flows of +$14 million in January: IIF
January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months
Russian oil output down in January, misses global deal target
Rosneft, the world’s largest oil producer by output, reduced its production by 0.1 percent last month from December, while second-largest Russian oil producer Lukoil saw production cuts of 0.8 percent
Goldman Sachs says 1MDB scandal could hit pay for top executives
The U.S. Justice Department has estimated that a total of $4.5 billion was misappropriated by high-level 1MDB fund officials and their associates between 2009 and 2014, including some of the funds that Goldman Sachs helped raise
Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report
This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries
Govt jacks up property valuation rates by average 20%
This step will allow the government to rake an additional Rs5 billion in tax revenues in the last five months (Jan-Jun) of the current financial year 2018-19
Asian LNG prices dive to nine-month low on supply surplus
Spot prices for March delivery to Asia this week fell to $7.00 per million British thermal units (mmBtu), down $1 from the previous week, lowest since April 6, trade sources said
Actis pushes for investor vote on Abraaj fund takeover
A move by Actis to take control of Abraaj Private Equity Fund IV had hit a stumbling block as the British firm sought legal protection from any claims surrounding allegations of missing money, three sources close to the matter said earlier
Japan’s Honda Motor Q3 profit plunges 40.2pc, misses estimates
Japan’s third-biggest automaker posted a profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.
Asian stocks mixed as China-US talks end with no deal
Hong Kong’s Hang Seng index lost 0.2 percent to 27,885.90 while the Shanghai Composite index jumped 0.8 percent to 2,604.57
Oil caught between trade talk hopes, weak China data
Oil futures received support from a broader financial market rally, which saw Asian shares hit four-month highs on Friday on hopes the United States and China could strike a trade deal
Pakistan Cables successfully negotiates Rs125 million purchase for manufacturing copper rod
In April last year, the company had offered 25% right shares for the purpose of acquiring machinery for its manufacturing expansion project, by offering 7,115,594 shares to existing shareholders at a price of Rs160 per share (including a share premium of Rs150 per share)
Revenue collection again misses the mark, falls short by Rs187 billion
The net increase against the corresponding period of FY18 was only Rs69 billion or 3.5%.