Asian shares fall, tracking losses in Europe
Japan’s Nikkei 225 slumped 0.9 percent to 22,280.91 while South Korea’s Kospi was down 0.7 percent to 2,460.75. Hong Kong’s Hang Seng index fell 0.7 percent to 30,590.00.
Oil prices mixed but expected output increase drags
The spread between Brent and WTI crude stands at around $8.7 a barrel, the widest since March 2015 due to the depressed price of U.S. crude compared to Brent
FBR permits resale of duty exempted plants
FBR made it clear, the number of input goods for domestic sale couldn’t cross 10 percent of total imports per annum
Will the new boss at the PSX clean house?
The new CEO of the country’s only stock exchange has big plans to expand investor participation in Pakistan. But does he dare take on the power of the brokers?
Shan Foods, intent on spicing it up with a listing on the bourse
With disposable incomes on the rise, the Pakistani international spices giant not just doubles its size in the last three years, but with new products and an acquisition part of its expansion plans, the family-run business is evaluating tapping into funds from the capital market
Why funding is no object for Pak-Qatar Investment
Backed by very strong sponsors, from amongst Qatar’s royals, the company has never faced any issue in calling capital
FIA, customs fail to take action against websites selling non-custom paid vehicles
ISLAMABAD: Social media websites have become a hub of sale and purchase of non-custom paid vehicles smuggled through the Afghanistan border. The...
NAB’s top priority to return looted money: NAB Chairman
NAB has so far distributed Rs296 billion among different departments, affectees after recoveries from corrupt elements.
Russia, OPEC willing to increase oil output under US pressure
Raising production would ease 17 months of strict supply curbs amid concerns that a price rally has gone too far, with oil having hit its highest since late 2014 at $80.50 a barrel this month
KPMG UK undertaking internal review into its audit of Abraaj: Report
The proximity of ties between top executives at KPMG and Abraaj in Dubai will also come under the scanner
Rupee further plunges against the dollar, touches Rs119.05 in kerb market
On Tuesday, credit rating agency Moody’s projected the rupee could plunge by 7.75 percent and touch Rs125 to the dollar by June 2019.
Tax amnesty scheme’s success contingent on apex court decision
Till now, around Rs10 billion have been declared under the tax amnesty scheme announced early last month and Rs500 million has been collected as tax
Abraaj took out $200 million from buyout fund to finance its own business: Report
U.S private equity firm TPG is in negotiations with investors in Abraaj’s healthcare fund to overtake management of the assets of the $1 billion fund
IMF to incorporate Islamic finance to market surveillance in 2019
Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF
Asian shares shaky but North Korea’s stance soothes nerves
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat, while South Korea’s Kospi pared much of its earlier loss of 0.9 percent. Japan’s Nikkei was up 0.1 percent