IRSA summons emergency meeting to review water situation for Kharif 2018
Indus River System Authority (IRSA) has summoned an emergency meeting of its advisory committee to review the current water situation and anticipated criteria for the cropping season of Kharif 2018.
Apple on brink of $1 trillion valuation, but Amazon isn’t far behind
Apple’s stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company’s latest smartphone and Amazon’s stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth
Foreign entities stuck tax refunds rise to Rs58 billion
OICCI expressed worries over a 100 percent rise in customs duty and extension of regulatory duty recommended in next financial year's budget, stating this would increase manufacturing costs across the country
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
Abraaj’s reputation nosedives over allegation of misused funds
Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue
Chinese owner of Volvo cars gunning for IPO in September 2018
China’s Zhejiang Geely Holding Group, which bought Volvo Cars in 2010, has picked Citigroup, Goldman Sachs and Morgan Stanley for the listing
Asian stocks near three weeks high, dollar eases after US inflation
Japan’s Nikkei climbed 0.7 percent while South Korea’s KOSPI added 0.6 percent. Australian and New Zealand shares were both up 0.2 percent
Oil prices dip from multi-year highs
Outside OPEC, soaring U.S. crude oil production may also help fill Iran’s supply gap, hitting another record last week by climbing to 10.7 million barrels per day
Iranian rial loses steam in local currency market, after US exit from nuclear deal
The Iranian rial has fallen sharply in the global currency market after the US decision to exit the nuclear deal on Tuesday
Legal limbo hampering FBR’s revenue collection drive
The stay granted by the super judiciary for these 583 duty and tax linked cases had crossed beyond six months
Dubai’s financial markets down 3.1pc, led by real estate sector
Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels.
Market Daily: 60 points help KSE 100 break the losing streak
Cement and oil sectors helped index turn green after 7 consecutive sessions
SECP approves 7 new independent directors for PSX
The Securities and Exchange Commission of Pakistan (SECP) Wednesday selected seven new independent directors of the Pakistan Stock Exchange (PSX).
NA panel criticises government for not increasing cigarette prices
“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.
Market Daily: Indices feel the heat post budget, sheds 271pts
Having lost 680.33 points intraday to reach levels of 43,386.63, market bulls tried hard to stage a recovery after noon. Their efforts paid off to some extent and the index ended short of 271.96 points at 43,795.00.