Late buying helps benchmark index close in green
KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatile activity on Thursday, with the benchmark index taking a beating in early trade before...
IMF pushes for changes governing debt restructurings
WASHINGTON: International Monetary Fund officials on Thursday warned that risks of a sovereign debt crisis sparked by the coronavirus pandemic will rise...
Diesel price cut by Rs2.4 per litre; petrol rate remains unchanged
The government has decided that there will be no increase in the price of petrol for next 15 days.
According to a notification...
Stocks plunge 632 points on selling pressure
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to selling pressure on Wednesday, as the indices failed to hold on to gains and...
Whistleblower warned EY of Wirecard fraud four years before collapse: report
An employee of Ernst & Young (EY) had warned the firm in 2016 that Wirecard senior managers may have committed fraud, naming...
Oil falls over 4pc as virus cases mount and US debate looms
NEW YORK: Oil prices fell over 4pc to their lowest in two weeks on Tuesday on worries about the outlook for fuel...
PVMA chief for promotion of oilseed farming to cut $4bn import bill
KARACHI: Vanaspati manufacturers are currently importing raw material worth $4 billion, which must be reduced by promoting local cultivation of oilseeds.
This was...
Govt to announce wheat support price this week, NA body told
ISLAMABAD: The government is expected to announce the minimum wheat support price for 2020-21 crop in the next few days, National Food...
Stocks bounce back with 463-point rally
KARACHI: Bulls of the Pakistan Stock Exchange (PSX) came roaring back to the market on Tuesday, with the indices recovering all losses...
Gulf nations desperate for higher oil prices
RIYADH: Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive half-trillion-dollar budget deficit.
Gulf nations...
Stocks nosedive 960 points after Shehbaz’s arrest
KARACHI: The Pakistan Stock Exchange (PSX) witnessed bloodshed on Monday, with the KSE-100 Index plunging over 1,000 points intraday amid political unrest.
Global...
ADB approves $300m loan to support Pakistan’s financial sector reforms
The Asian Development Bank (ADB) has approved a $300 million policy-based loan to help strengthen Pakistan’s finance sector by supporting measures to...
Govt sells WAPDA’s rest house in Mansehra
PESHAWAR: The Ministry of Privatisation has auctioned the Lalazar Batundi Rest House in Mansehra District of Khyber Pakhtunkhwa (KP) for Rs72 million.
The...
Gold price drops to Rs111,800 per tola
ISLAMABAD: The price of 24-karat gold decreased by Rs700 on Friday and was traded at Rs111,800, as against its previous day’s price at...
Govt urged to clear the air surrounding GIDC payments
PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has demanded the government to address the reservations of industries, particularly the CNG...