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’.
PSX drops 1,772 points in week amid dull economic outlook, political tensions
ISLAMABAD:Â Pakistan Stock Exchange recorded a free fall during the outgoing week where share values reached almost nine-month low with the recorded decline...
PSX tumbles 767 points amid economic, political uncertainty
--Â Index is 4 per cent away from touching 52-week low
KARACHI:Â If one thing was visible at the Pakistan Stock Exchange (PSX) on Friday,...
U.S. oil exports fall as India turns to Iran ahead of sanctions
U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June
Dollar treads water before U.S. jobs data, Aussie dips
The dollar was basically flat at 113.93 yen on Friday, after coming off an 11-month high of 114.55 yen the previous session
Oil prices rise as U.S. sanctions against Iran’s crude exports loom
International benchmark Brent crude oil futures were at $84.98 per barrel at 0247 GMT, up 40 cents, or 0.5 percent from their last close
SBP notifies new rules for recovering loans from defaulted mortgagees
Previously, the banks were only permitted to auction mortgaged property after the conclusion of the due process
Fauji Foods appoints advisers for counseling on acquisition offer
In the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent stake in Fauji Foods
Traders bet on oil at $100 as Iran sanctions loom
Overall exports from Iran have dropped to 2 million barrels per day (bpd) in September from 2.8 million bpd in April, the Institute of International Finance said
Asian currencies plunge as U.S. jobs data, Powell comments boost dollar
The Indian rupee is the worst performing Asian currency this year, having lost more than 13 percent
Dollar hits 11-month high vs. yen as upbeat U.S. data, hawkish Fed boost yields
The dollar also was boosted after the Institute for Supply Management’s (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997
Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell
Brent on Wednesday hit a four-year high of $86.74 a barrel
Govt reimposes restrictions on non-filers as NA approves amended finance bill
Non-filers will be unable to purchase vehicles, properties worth over Rs4m until they pay their returns
Rupee under pressure amid regional currency turmoil Â
Experts say currency is likely to remain under depreciatory pressures with weaker external finances
PSX sheds 240 points in another dull session Â
KARACHI: Sentiments don’t seem to be changing at the Pakistan Stock Exchange (PSX) anytime soon, as Wednesday witnessed another session where volumes dropped...