PSX loses 129 points amid weak investor confidence
KARACHI: Investor confidence at the Pakistan Stock Exchange remained weak on Tuesday. Indices opened the session positive and just as the upward trend...
Akzo Nobel to return 5.5 billion euros to shareholders after division sale
Akzo sold its chemicals division for 10.1 billion euros to Carlyle Group in March, generating net proceeds of 7.5 billion euros
HNL contemplating right shares issue of Rs140 million for Hum Mart
In late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan
Bill allowing U.S. to sue OPEC drawing renewed interest
Saudi Arabia, the world’s top oil exporter, is worried that NOPEC could turn into another Justice Against Sponsors of Terrorism Act (JASTA) law, which allows victims of the Sept. 11 attacks in the United States to sue Riyadh
IMF’s Lagarde warns trade conflicts dimming global growth outlook
Lagarde, in a speech ahead of the IMF and World Bank’s annual meetings next week in Indonesia, said growth was at its highest level since 2011, but had plateaued, with fewer countries participating in the expansion
Revenue collection under sales tax & FED plateaued in July-Sep FY19
During the first quarter of FY19, FED collection plunged by 30 percent to Rs2.069 billion against Rs2.94 billion in the corresponding period of FY18
Oil near four-year high as Washington’s Iran sanctions loom
Brent has risen by around 20 percent from the most recent lows in August
Trump hits Brazil, India commerce after clinching North American trade deal
Trump’s “America First” trade policies, particularly his escalating trade war with China, are aimed at boosting U.S. manufacturing, but they have spooked investors who worry that supply lines could be fractured, and global growth derailed
Dull trading at PSX following monetary policy announcement
Index lost 69 points as investors preferred to stay on sidelines
KARACHI: It was a dull start of the week at the Pakistan Stock...
Flying on one engine, global growth exposed to turbulence
The world’s biggest economy is under scrutiny, however, as its current upturn is running on borrowed time due to the fiscal stimulus of debt-financed
NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.
RBI pumps in liquidity to ease cash crunch; bond markets rally
The government will effectively cut its market borrowing by 700 billion rupees due to higher-than-expected earnings of 750 billion rupees through its small savings scheme
Asia factory activity sputters as trade woes hit export orders
Manufacturing activity weakened in Vietnam and Indonesia last month, while Taiwan’s factories grew at the slowest pace in more than two years on sluggish export orders, according to business surveys released on Monday
Brent crude touches four-year high, as Iran sanctions loom
Benchmark Brent crude oil futures rose to as much as $83.27 a barrel and were at $83.21 at 0339 GMT, up 48 cents, or 0.6 percent from their last close
FBR again misses the mark, collects Rs36 billion in taxes during 1st quarter
In the first quarter of FY19, the tax regulators’ provisional net revenue collection was recorded at Rs836 billion compared to Rs766 billion collected in the same period of FY18, according to an official handout published by FBR on Sunday