PSX to remain closed on election day
KARACHI: The Pakistan Stock Exchange (PSX) would remain closed on July 25 (Wednesday) on the account of the general election 2018.
This was...
Pakistan all set to elect PM who will face bailout crisis
ISLAMABAD: Pakistan's general elections on Wednesday will decide the prime minister for the next five years whose first pressing task will be...
Asian currencies fall as global bond yields rise; yuan slides
The Chinese yuan weakened the most, reaching its lowest level in over a year as traders bet that monetary conditions in China would be eased further
Asian stocks advance, backed by strong US corporate earnings
Japan’s Nikkei 225 gained 0.6 percent to 22,534.03 and South Korea’s Kospi added 0.4 percent to 2,278.23
Oil prices drop on worries about oversupply
Brent crude oil was down 19 cents, or 0.3 percent, at $72.87 a barrel by 0345 GMT, after settling down 1 cent on Monday. U.S. crude was down 21 cents, or 0.3 percent, at $67.68 a barrel
Dollar swirls higher in open market
The 20 percent appreciation of the dollar has made Hajj expensive for Pakistani’s. The commercial banks or the State Bank of Pakistan (SBP) aren’t bound to ensure provision of dollars to people leaving for Hajj, so they buy US dollars and Saudi Riyals from the open market.
Investors to remain cautious as election week begins
LAHORE: Equity experts believe that investors will take a defensive stance during the 'high stakes' week with the general elections set to...
Trump at odds with strengthening U.S dollar
The U.S. dollar has been climbing against major currencies for several months, with the dollar index up nearly 7.0 percent over the last three months and on Thursday hit a one year high
LNG prices slide as demand retreats in Japan, China, South Korea
LNG spot prices for September delivery in Asia were assessed at $9.50 per million British thermal units (Btu), down 50 cents from the previous week
Attraction in tax amnesty scheme waning: Report
During July, the FBR has fetched around Rs3 billion in taxes under the tax amnesty scheme
OECD launches new programme to assist Pakistan in enacting global tax standards
The country is an active member of the Inclusive Framework on BEPS and the Global Forum on Transparency and Exchange of Information for Tax Purposes
SBP to increase low cost housing finance portfolio
ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...
China’s tumbling yuan slows as big banks seen selling dollars
The latest bout of yuan weakness, catalyzed by concerns over the brewing China-U.S. trade war and a slowing Chinese economy, has seen the yuan shed 7.6 percent of its value against the dollar since the end of the first quarter of this year
Oil prices rise; still set for third weekly drop on oversupply
Brent oil rose 7 cents to $72.65 a barrel by 0354 GMT, after rising to $73.04 earlier in the day.
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.