Wall Street surges on upbeat earnings, hopes of end to govt shutdown
US stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries, with hopes of a resolution to the...
Domestic security improvements will spur business & investment activity in Pakistan: Fitch
The gross financing requirements remain high, notwithstanding a fall in current account deficit as sovereign debt service will grow to $7-9 billion a year over the next three years, said Fitch Ratings
PSX fails to sustain gains, closes in red
KARACHI: Failing to sustain the gains made in previous session, the Pakistan Stock Exchange (PSX) ended the last session of the week in red.
Indices...
Gold rises as U.S. government shutdown augments global growth concerns
Spot gold rose 0.3 percent to $1,284.31 per ounce, as of 0726 GMT, while U.S. gold futures climbed 0.3 percent to $1,283.10 per ounce
Sterling reaches 11-week peak on hopes for May’s new Brexit plan
The pound has climbed about 1.8 percent this week, moving above the key psychological level of $1.30 to the dollar on hopes the United Kingdom might avoid a no-deal Brexit on March 29
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Asian shares rise on optimism over China-US trade talks
Japan’s benchmark Nikkei 225 rose 1.1 percent to 20,794.82. Australia’s S&P/ASX 200 added 0.8 percent to 5,913.80 in early trading, while South Korea’s Kospi surged 0.9 percent to 2,175.69
Finance minister sees financial assistance from China within next few days
Rejecting the impression of imposing new taxes worth Rs12 billion, given by a media outlet, Asad Umar categorically denied that any new tax was introduced in the supplementary budget
Oil prices climb as U.S. threatens sanctions against Venezuela
International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Asian shares buoyed by US earnings, upbeat talk on China
The Shanghai Composite index gained 0.4 percent to 2,592.40 and South Korea’s Kospi rose 0.8 percent to 2,145.03
Dollar stronger as Draghi warning on risks hurts euro
The dollar index, which tracks the greenback versus the euro, yen, British pound and three other currencies, was up 0.15 percent at 96.265
‘Under siege’, oil industry mulls raising returns and PR game
The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world’s biggest evils
Economic relief boosts investor confidence, PSX up by 231 points
KARACHI: The Pakistan Stock Exchange (PSX) continued its winning streak for the fifth successive session with bulls dominating trade screens all day...
Wall Street hit again by growth worries; blue-chip earnings prop up Dow
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over...