Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
Brent crude futures climbed 50 cents, or 0.65 percent, to $77.33 a barrel
PTI govt contemplating to levy wealth tax on moveable assets
The measure to hike additional customs duty from 2 to 3 percent would contribute to high inflation but generate Rs40 billion in additional taxes for the government
Over $600 million saved in LNG supply deal signed with Qatar: Report
The negotiations with Qatar stalled after the latter refused to decrease the offer price for LNG and Pakistan used that to its benefit by approaching the open market in late 2015 to publicly seek 120 cargoes in two huge tenders
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
TPL Life: A matter of perception
TPL-Life pioneering of instant scratch card concept life and health insurance backed by technology and ease of enrolment is a source of pride for the company
Turkmenistan seeks South Asian markets after power plant boost
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan
Dollar rises on solid U.S. August jobs report, but trade tensions persist
U.S. benchmark Treasury yields rose on Friday to their highest in almost a month
Abraaj shutting down London office, as woes mount
Earlier this week, Bloomberg reported Abraaj’s fund unit had received an offer of $1 from private equity firm Actis, sources aware of the development disclosed
Market Daily: Waning investor confidence leads to PSX losing 411.62 points
LAHORE: The final day of the week saw investors opting out of the market. Indices added on to the losses as the...
World shares driven towards worst week since March by trade tensions
MSCI’s broadest index of Asia-Pacific shares outside Japan had still lost 0.3 percent though, having earlier reached its lowest since mid-July last year
Engro Polymer & Chemicals to enter hydrogen peroxide business with $23m investment
Engro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process
Eighteen marks its presence in KPK, launches sales office in Peshawar
Eighteen – Pakistan’s most luxurious and modern, mixed-use, residential project, in an aim to enhance its presence provide convenience for its investors...
Pakistan neglects tax reforms in drive to improve ease of doing business
ISLAMABAD: Though the World Bank (WB) will be issuing its ranking on the ease of doing business next month, Pakistan in its...
Market Daily: Bears take over again as PSX loses 354.57 points
LAHORE: The Pakistan Stock Exchange for the second consecutive day failed to make a mark. Â The indices shed gains from the beginning...
China warns of retaliation if U.S. slaps new tariffs
The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and car seats for babies