The rupee is falling. Let it crash
Why letting the currency exchange rate fall may help fix some (but not all) of the structural flaws in the economy
While PSX has a horrible year, one company more than doubled its share price
Avanceon Ltd’s CEO Bakhtiar Wain gears up for even faster expansion as cash flows in
Bearish sentiments prevail at PSX as investors look for positive triggers
KARACHI:Â Bearish sentiments surrounded the bourse once again as trading resumed in the absence of a positive trigger after a holiday on Tuesday....
Oil rises to $51 after steep slide; growth fears weigh
LONDON:Â Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had...
Tax department likely to go through major reform
The Imran Khan led government is also considering introducing technology-based solutions for the identification of tax evasions and enhance transparency
Iran says detains 17 for foreign exchange fraud
Iran intervened in the currency market and threatened speculators as it engineered a dramatic recovery of the rial in recent weeks to ease pressure on its economy
Russia’s energy minister sees oil prices stabilizing in first-half 2019
Novak also said there were no proposals for an extraordinary meeting with OPEC, and he attributed the fall in oil prices to macroeconomic factors
China issues nationwide ‘negative’ investment list
Industries not on the list are open for investment to all and require no approval
Dollar slips to four-month low vs. yen amid turmoil in Washington
The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency
Japan stocks plunge, other Asia markets fall after US losses
The Nikkei 225 fell by an unusually wide margin of 4.8 percent to 19,189.00 and Shanghai Composite Index lost 2.3 percent to 2,469.28
China won’t resort to massive stimulus but more easing seen: central bank adviser
To ward off a sharp slowdown, China has unveiled a raft of policy measures this year, including four rounds of reserve requirement ratio cuts to boost lending, along with lower taxes and fees, and moves to fast-track infrastructure projects
Trump calls Fed ‘only problem’ in U.S. economy; markets slump
Stocks fell again on Monday amid concern about slowing economic growth, the government shutdown and reports that Trump had discussed firing Federal Reserve Chairman Jerome Powell, whom he has repeatedly criticised for raising interest rates
PSX closes in green amid volatility
KARACHI:Â The investors of the Pakistan Stock Exchange (PSX) witnessed a jittery ride on Monday as they waited for the verdict by the...
Markets far from merry as stock losses extend into seventh day
MSCI’s world equity index, which tracks shares in 47 countries, was 0.15 percent lower on the day and down almost 7 percent in the past seven sessions — its worst stretch of daily losses since January 2016
Noor Financial completes divestment of 1.35% stake in Meezan Bank
Earlier, this month Meezan Bank had informed the bourse of Noor Financial being in initial stages of talks with foreign institutional buyers to divest 5.96% of its shareholding in the bank