Global financial stability risks rising with trade tensions, IMF says
In the report, the IMF said economic growth appears to have peaked in some major economies while the gap between advanced countries and emerging markets was widening.
PIA placed on PSX’s defaulter segment
Pakistan International Airlines (PIA) faced a loss before tax of Rs54.2 billion for the eleven-month period from September 2017 to July 2018
Index recovers as Pakistan reaches out to IMF
-- Bulls made a strong comeback after six negative sessions, PSX gained 606 points
KARACHI: The finance minister’s announcement regarding the International Monetary Fund...
Indian rupee plummets to record low against dollar
Sentiment has also been weaker after the central bank held rates steady in a surprise move on Friday and pushed the rupee to its previous record low of 74.23
IMF chief economist not concerned about China’s ability to defend currency
On Tuesday, China’s central bank fixed the yuan’s official mid-point for trading at 6.9019 per dollar, edging close to the psychologically important 7.0 barrier and helping to send Asian stocks to a 17-month low
Oil prices rise on signs that Iranian crude exports fall further
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source
Rupee touches record low of Rs139 against dollar in inter-bank market
–Rupee closes at Rs 133.64 in interbank trading against the greenback, declining by 7.542%
–Rupee devaluation, IMF bailout possible reasons behind an increase in the dollar rate
Hascol Petroleum completes acquisition of Marshal Gas’s LPG plant for Rs175 million
In March last year, Hascol Petroleum in partnership with Vitol formed a new company called VAS LNG (Private) Limited that will deal with the activities relating to the LNG sector.
KSE-100 index surges 965.21 points in intra-day trading, as economic uncertainty ends
The economic uncertainty had affected the capital markets, as the KSE-100 index plunged 1328 points on Monday and ended six consecutive sessions of losses for the investors who lost billions in the process
EU shares slide to six-month low on China, Italy worries
LONDON: European shares fell on Monday as fears a trade war could have a bigger impact than expected on China added to...
Bears pull PSX further down by 1,300 points
Weak economic indicators and slight devaluation of rupee in the open market aggregated panic in the market
KARACHI:Â It was doomsday for the investors...
Abraaj’s stake in $1b healthcare fund to be split among other investors: Sources
Move reflects a desire by some of the fund's other investors to sever ties with Abraaj ahead of TPG taking over the management of the fund
Rupee plunges to Rs129.5 against dollar in kerb market, as economic uncertainty persists
However, the inter-bank market rate of the rupee to a dollar stood at Rs124.27 according to SBP’s market to market revaluation rate sheet
Dollar extends two-week run of gains, data eyed
Against a basket of its rivals USD, the greenback rose 0.2 percent to 95.85, edging toward a 14-month high of 96.991 hit in mid-August
Gold slips as dollar gains after China eases policy
Spot gold was down 0.6 percent at $1,195.61 an ounce at 0725 GMT. U.S. gold futures fell 0.5 percent to $1,199.8 an ounce