Clover Pakistan granted license to operate as lubricant marketing company
The company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
Index closes in red as bears dominate PSX Â
KARACHI:Â Trading remained dull at the Pakistan Stock Exchange (PSX) on Wednesday where bears dominated the market right from the start.
The benchmark KSE...
Dollar treads water before Fed, outlook clues eyed
Global markets have been on edge in the past few months as the heated Sino-U.S. trade dispute stoked uncertainty about the outlook for global growth and broader monetary policy for some developed and emerging market economies
United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
MSCI considers increasing Chinese share weight in its indexes
MSCI’s consultation for a further weight increase of Chinese A-shares came just months after China’s milestone MSCI entry in June, and a day before an index inclusion decision by rival FTSE Russell
Senate panel votes against proposal to decrease customs duty rates
The standing committee proposed a decrease in income tax rate for salaried persons from 25 percent to 20 percent and 29 to 25 percent for the business community
Weak economic outlook keeps PSX investors at bay Â
Index makes a slight gain of 31.75 points following a volatile session
The jittery ride for investors continued at the Pakistan Stock Exchange...
Govt hints at removing restrictions on purchase of vehicle, property
The PML-N govt had last year tightened the noose around non-filers by imposing restrictions
ISLAMABAD:Â The government may review the removal of conditions imposed...
PSX sheds 315 points amid lacklustre trading
KARACHI: Investors of the Pakistan Stock Exchange (PSX) preferred to stay away from the market on the first trading session after the...
Govt’s tax collection can go through the roof
From an academic to leading Punjab’s digital revolution, PITB Chairman Umar Saif has overseen the largest land record digitisation in Pakistan in an effort to not just end corruption and land grabbing but in a bid to promote land as a liquid asset
PSX gains 400 points during the week
KARACHI:Â Pakistan Equities turned green during the week with index gaining 400 points or 0.98 per cent to close at 41,320 points.
The market...
Furnace oil lobby holds sway at national cost
-- Sources say energy ministry officials were 'convinced' to enhance the use of furnace oil instead of LNG in power sector
ISLAMABAD:Â The national...
Pakistan’s e-commerce market witnesses significant growth Â
--Pakistan has one of the highest rates of mobile and Internet penetration in South Asia, with 40 million Internet subscribers
ISLAMABAD:Â The number of...
Asian markets edge up but rally wobbles
HONG KONG:Â Most Asian markets rose on Thursday but their recent rally lost its legs, though emerging market currencies held their own after...
Japan loses $60 million in another cryptocurrency heist
TOKYO: Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability...