Import of gold down by 12.8pc in four months
ISLAMABAD:Â The import of gold in the country during the first four months (July-October) of the current fiscal year witnessed a decrease of...
Dull trading at PSX as investors await economic clarity
Index traded in a narrow band, closing 97 points lower
KARACHI:Â In the absence of a clear path for the future, trading at...
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
With eye on local debt, China vows to bolster watch over ‘specialty towns’
The state planner, in a meeting on Friday, urged various ministries involved - including the land ministry and the housing ministry - to improve the quality of specialty town projects
Nissan says CEO did not mention need to review alliance equity structure
TOKYO: Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with...
Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news
The greenback and the yen, both considered safe-haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam
Oil prices stabilize after ‘Black Friday’ plunge
Front-month Brent crude oil futures were at $59.23 per barrel at 0202 GMT, up 43 cents, or 0.7 percent, from their last close
‘Revised bill provides chance to tax payers for enhancement in taxable income’
About sales tax refund cases, Mr Tariq said that refund cases up to Rs100,000 would be paid at the RTO level while refund with huge amount would be released subject to the decision by the government
Provincial share of taxes in total revenues declines to 11% in July-Sep FY19
Notably, Sindh was an exception compared to the other three provinces which posted a growth of 10.8% in provincial taxes during the 1st quarter of FY19
Asian shares tick up but oil rout dampens sentiment
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent, led by gains in Taiwan shares following local elections, while Japan’s Nikkei advanced 0.6 percent
PSX witnesses bearish trends as IMF talks remain inconclusive
The KSE-100 index closed on Friday at 40,869 points, a decrease of 1.9% since the previous week. Market capitalisation decreased from $61.46...
PSX ends flat amid lack of volumes
Market slowed down significantly after reports of attack on Chinese Consulate
KARACHI: Failing to recover losses, the Pakistan Stock Exchange (PSX) ended...
Asian LNG prices dragged down by oil slide, heavy supply
Spot prices for January delivery in North Asia were estimated at $10 per million British thermal units (mmBtu), 90 cents lower than last week, according to traders
Euro, sterling steady as traders look to Brexit progress
The dollar has lost ground for two consecutive trading sessions and is drifting lower from a 16-month high of 97.69 hit earlier this month
U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall
The move would further pile pressure on the world’s biggest telecom gear maker, which is under scrutiny from Western intelligence agencies for its perceived ties to China’s government and the possibility its equipment could be used for espionage