Rupee rebounds by Rs1.87 against dollar in inter-bank market
This was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
IMF warns trade friction, market turmoil to hurt Asian growth
The IMF maintained its forecast that Asia’s economy will expand by 5.6 percent this year but cut its projection for next year to 5.4 percent, down by 0.2 points from April
Asia shares bounce after rout, but sentiment fragile
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3 percent, led by gains in South Korea and Taiwan
PEC asks govt to announce Diamer-Bhasha Dam public limited company
The PEC urged the government to float its shares on the stock market for public subscription, which would allow to raise funds for the Diamer-Bhasha dam
Oil prices rise, but still set for weekly fall amid equities rout
OPEC cut its forecast of global demand growth for oil next year for a third straight month, citing headwinds facing the broader economy from trade disputes and volatile emerging markets
Rupee regains Rs2 against greenback in open market
This is the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 27 percent of its value against the greenback
Market Daily: PSX takes the hit as KSE-100 drops 393.79 points
LAHORE: Volatility returned to the Pakistan Stock Exchange (PSX) after two calm sessions. Low investor confidence was not limited to PSX but...
Pakistan unlikely to be removed from MSCI-EM in upcoming review
In the last year (in its semi-annual review in November 2017) when MSCI demoted ENGRO from its standard MSCI EM to small caps
Oil slumps to two-week lows as markets fall, inventories climb
Brent lost 2.2 percent on Wednesday and on Oct 3rd it hit a four-year high of $86.74
Indian rupee hits lifetime low, stocks tumble on global markets sell-off
A sharp fall in domestic equity markets was the main driver for the rupee’s extended decline, as it heightened concerns about further foreign portfolio outflows
OICCI demands immediate settlement and release of Rs59 billion in tax refunds
The tax regulator owes Rs26 billion in shape of sales tax and Rs33 billion in income tax refunds to the OICCI members
PSX closes in green despite morning tremors Â
-- Index manages to gain 287 points amid volatilityÂ
KARACHI:Â After early morning bumps, the Pakistan Stock Exchange (PSX) managed to stand its ground to...
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
Saudi Arabia to supply about four million barrels of extra oil to India in November: sources
India is Iran’s top oil client after China, though several refiners have indicated they will stop taking Iranian barrels because of the sanctions
Global debt is growing, IMF says, but so are values of public assets
The IMF said a new database in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 percent of global economic output