Unilever third-quarter sales growth picks up with pricing
The company said pricing growth in Argentina was excluded, due to its hyperinflationary status. Including Argentina, sales growth would have been 4.5 percent, the company said
U.S. oil edges up after 3 percent drop on big stock build
Signs that Iranian oil exports have been falling more steeply than some in the market expected amid looming U.S. sanctions have underpinned the oil market
U.S. government refrains from calling China a currency manipulator
The Treasury also said it was keeping China, India, Japan, Germany, South Korea and Switzerland on a monitoring list for extra scrutiny
PSX expects good days ahead under current regime
Chairman briefs National Defence University officers on Pakistan’s economy and the working of PSX
KARACHI:Â Pakistan Stock Exchange (PSX) Chairman of the Board...
Bulls rally to end dry spell at PSX, index gains 983 points
KARACHI:Â The Pakistan Stock Exchange (PSX) emerged green on Wednesday with investors brushing aside negative sentiments and accumulating blue chips at discount. Bulls...
Rupee continues to depreciate against dollar
KARACHI:Â In what is yet another blow to the rupee, the greenback rose by Rs0.7 in the open market to be sold at...
People of Gilgit encouraged to invest in stocks
KARACHI:Â In order to raise awareness about stock investments, the Pakistan Stock Exchange (PSX) conducted a public awareness session in Gilgit on Tuesday.
Gilgit-Baltistan...
Index closes 104 points lower despite early gains
Indices that opened green sunk by midday amid volatility
KARACHI:Â The Pakistan Stock Exchange (PSX) started the day on a positive note but...
GNL working with Nissan Motor Japan for localization of parts
Ghandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI
Dollar edges back up, yen slips from recent one-month high
The dollar index, a gauge of its value against six major peers, traded steady at 95.143, gaining 0.09 percent on Tuesday, but off an intraday high of 95.37 on Monday prior to release of the retail sales data
Global steel body hikes demand forecasts, but says risks remain
Steel use in China is expected to rise 6 percent this year to 781 million tonnes and be flat in 2019
Oil prices rise on signs Iranian oil exports are falling further in Oct
International benchmark Brent crude for December delivery rose 27 cents, or 0.33 percent, to $81.05 per barrel by 0325 GMT
Fatima Fertilizer set to complete merger of subsidiary by January 2019
According to Fatima Fertilizer, the proposed transaction will maximize the benefits of synergies and cost efficiencies to the shareholders of the company
Rs182 billion additional tax set to be levied
Additional customs duty on approximately 6,000 items is expected to be raised from 2% to 3% via the tax regulators recommended SRO, which will raise an additional revenue of over Rs50 billion for the FBR, sources said
FBR sends notices to 340 potential tax evaders
A big percentage of the identified high net worth individuals belong to areas that don’t fall under the purview of the federal government’s tax jurisdictions