SBP stipulation creates oversupply of dollars and other currencies
The central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate
Iran says no OPEC member can take over its share of oil exports
Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq
Russian oil industry would weather U.S. ‘bill from hell’
While the ruble has fallen more than 10 percent and Russian banking stocks have slumped 20 percent since the legislation was introduced, shares in Russian oil firms have climbed 2 percent, leaving them 27 percent higher so far in 2018
S&P lowers Turkey’s credit rating deeper into junk territory
S&P forecast that inflation will peak at 22 percent over the next four months and said the weakening lira was putting pressure on the indebted corporate sector and had considerably increased the funding risk for Turkey’s banks
Tax regulator contemplating forensic audit of share transactions
The Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
Dubai regulator probes Abraaj Capital, stops it from taking on new work
It is the first time that DFSA has said publicly it is investigating Abraaj, which faces allegations by some investors of misusing their money in a $1 billion healthcare fund.
Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Market Daily: Bulls in control as Imran becomes PM
LAHORE: It was an exciting day for the investors of the Pakistan Stock Exchange (PSX) where bulls finally gave up on sleep...
JS Group acquires 48% stake in coastal power company
ISLAMABAD:Â The JS Group has acquired 48% shares in Habibullah Coastal Power Company (HCPC), an independent power producer which has recently won a...
Market Daily: KSE-100 index sheds 485 points
LAHORE: The Pakistan Stock Exchange (PSX) had another turbulent session on Thursday with negative triggers all around. On the economic front, the...
What can devaluation of Turkish lira mean for Pakistani rupee?
Turkish lira’s recent drop will boost the US dollar adversely affecting the Pakistani Rupee in return
Asian stocks slide as investors fret over China’s economy
Japan’s Nikkei 225 index fell 0.2 percent to 22,158.75 and the Hang Seng in Hong Kong lost 0.6 percent to 27,155.66. The Shanghai Composite index sank 0.9 percent to 2,699.60
Dollar off 13-month peak, emerging currencies up on Sino-U.S. trade talk news
The news that the world’s two biggest economic powers, currently locked in a trade war, were showing a willingness to negotiate boosted investor sentiment after a worrying week
Oil edges up as China, U.S. set for trade talks
International Brent crude oil futures were at $70.93 per barrel at 0335 GMT, up 17 cents, or 0.26 percent, from their last close
Market Daily: PSX puts up weak show as KSE-100 closes in red
LAHORE: The Pakistan Stock Exchange (PSX) trailed regional and world markets and put up a weak show on Wednesday. A plunge in...