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
Stocks battered, as KSE-100 plunges 1,142.59 points
This follows a cumulative fall of 1,772 points in the previous week amid dull economic outlook, political tensions
China slashes banks’ reserve requirements as trade war imperils growth
The reserve requirement cut, the fourth by the People’s Bank of China (PBOC) this year, comes as Beijing has pledged to expedite plans to invest billions of dollars in infrastructure projects as the economy shows signs of cooling further, with investment growth slowing to a record low
Oil drops as U.S. considers granting some waivers on Iran crude sanctions
International benchmark Brent crude oil futures were at $83.26 per barrel at 0352 GMT, down 90 cents, or 1.1 percent, from their last close
Kohinoor Power gives approval for merger with Saritow spinning mills
LAHORE: Kohinoor Power Company on Monday announced it had given an approval for its merger with Saritow Spinning Mills Company, which is...
From rags to riches, chasing the Pakistani dream
The story of a man who took the world head on and is winning while coining a new phenomenon ‘the Pakistani dream’.