DG Khan Cement posts Rs9 billion profit for fiscal 2018
KARACHI:Â DG Khan Cement Company Limited posted a consolidated net profit of Rs8.93 billion in the fiscal ending June 30, 2018, up by...
PSX closes in green as bulls continue to rally
KARACHI:Â The Pakistan Stock Exchange (PSX) on Wednesday continued with its recent trend of appreciation and rolled north. The market rallied on back...
‘India’s market boom coming to an end’
-- Goldman Sachs sight stretched valuations, multiple macro headwinds and election risk as reasons.
Goldman Sachs has warned that India’s booming stock market...
Saudi sovereign wealth fund pumps in $1 billion in Tesla’s electric car
DUBAI: Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO...
Market Daily: PSX drops 400 points as govt raises gas prices
LAHORE: Amid the uncertainty surrounding the upcoming mini-budget, the Economic Coordination Committee's (ECC's) approval to raise gas prices, and the country's dwindling...
Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan
At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.
Asian shares tripped up by new U.S. tariff threat
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday.
KSA to auction indebted billionaire’s real estate Â
RIYADH:Â Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions...
E&T creates four zones of property, two of motors to facilitate taxpayers
RAWALPINDI:Â In order to improve the performance of Excise and Taxation Department and facilitate the taxpayers, Property Tax Rawalpindi has been divided into...
Abu Dhabi Financial Group offers revised bid for Abraaj’s Middle East funds
At its zenith, Abraaj had managed over $14 billion in emerging market investments and was the largest private equity firm in the MENAF region
Market Daily: Bears dominate end of week as PSX loses 129.60 points
LAHORE: Pakistan Stock Exchange (PSX) managed to end the week in red as bears dominated the session on Friday.
As per reports of...
India needs to be vigilant over rupee – PM economic panel member
Despite the strong economic growth, the rupee has weakened more than 11 percent to become Asia’s worst performing currency this year
Dollar dips after weak U.S. data, Turkish hike supports emerging currencies
The dollar’s index against a basket of six major currencies was a shade lower at 94.491 after slipping 0.3 percent on Thursday, when it touched 94.428, its lowest since Aug. 31
Oil prices claw back on supply concerns, but demand worries drag
Brent crude was up 8 cents, or 0.1 percent, at $78.26 a barrel by 0338 GMT, after falling 2 percent on Thursday. The global benchmark rose on Wednesday to its highest since May 22 at $80.13
China says world trade system not perfect, needs reform
China is locked in a bitter trade war with the United States and has vowed repeatedly to uphold the multilateral trading system and free trade, with the WTO at its centre