Oil hits 2018 lows on emerging supply glut
International benchmark Brent crude oil futures hit their lowest since December 2017 at $61.52 per barrel, before recovering to $62.10 by 0430 GMT
FBR seeks cabinet approval to tax illegal mobile phones
As per the envisaged plan, the FBR has determined a plan to levy a tax on all those smuggled phones which are presently inactive and are stocked in shops as unsold
PSX falls 545 points amid triggerless trading, economic uncertainty
KARACHI:Â It was a tough day for the investors at the Pakistan Stock Exchange (PSX) where bears dominated the trading screens, indices bled...
UBL to voluntarily wind-up its branch in New York
In July, UBL had been directed by Federal Reserve Bank of New York (FRBNY) to strengthen its anti-money laundering policies as the regulator criticized it for not doing enough to track dubious transactions
Safe-haven dollar dips as risk appetite improves, euro strengthens
The dollar index, a measure of its value versus six major peers, eased 0.1 percent to 96.62 on Thursday
Asian stocks fall on fears of softening US economic growth
Japan’s benchmark Nikkei 225 was less than 0.1 percent lower at 21,504.00 and South Korea’s Kospi dropped 0.2 percent to 2,071.94 in narrow trading
Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems losses
Front-month Brent crude oil futures were at $63.28 per barrel, down 20 cents, or 0.3 percent, from their last close
PSX ends slightly higher in thin trade
KARACHI:Â Investors at the Pakistan Stock Exchange (PSX) witnessed another jittery session on Tuesday, as indices swung both ways owing to a lack...
Pakistan’s GDP growth to slow down to 5.4% in FY19: Fitch
An analyst pointed out a discrepancy between projections of Fitch Ratings and Fitch Solutions of 40 basis points in GDP growth, i.e. 5% and 5.4% respectively
Stocks plummet amid lacklustre trading, index loses 307 points
KARACHI:Â The trade screen on Monday was dominated by the colour red, as the indices started dripping right from the beginning of the...
Dollar pauses as Fed officials caution about global growth, yen firms
The greenback has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on the back of a robust economy and rising wage pressures
Asian shares mostly up cheered by Wall Street buying spree
Japan’s benchmark Nikkei 225 rose 0.5 percent to 21,784.87
Pakistan’s new rulers grapple with an old problem: How to get people to pay taxes
One of the world’s lowest tax collection rates partly help explain the shoddy state of Pakistan’s hospitals and schools, and why the illiteracy rate hovers above 40 percent in the mainly Muslim nation of 208 million people
Oil prices climb amid expected OPEC cut, but markets remain wary
Front-month Brent crude oil futures were at $67.29 per barrel at 0259 GMT, up 53 cents, or 0.8 percent, from their last close
Interloop targeting Pakistan’s largest-ever private sector IPO
The nation’s 7th largest exporter is keen to get listed on the Pakistan Stock Exchange