Bitcoin driving investor insanity, appetite for alternative investments
LAHORE: Bitcoin and other cryptocurrencies since last two months have experienced wild swings as they slam dunked and rose again.
From reaching all-time highs in...
Japan’s corporate regulator to investigate more cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week launch on-site checks of several cryptocurrency exchange operators potentially vulnerable to cyber-attacks, and may widen...
SECP reverses regulation, independent director’s representation on PSX board unchanged
KARACHI: The corporate regulator, Securities and Exchange Commission of Pakistan (SECP) has reversed its regulation against raising no. of shareholders on Pakistan...
Faysal bank set to acquire 50 percent stake in Faysal asset management ltd
LAHORE: A bourse notification filed Thursday by Faysal Bank Limited disclosed its plan to acquire 50 percent shares in its associate Faysal...
Brent crude touches 2018 low, as oil prices ease
SINGAPORE: Oil prices eased on Thursday, taking Brent crude to a 2018 low, as soaring U.S. output undermined OPEC’s effort to tighten...
Asian shares mixed, as overnight losses on Wall Street cautions investors
SEOUL: Asian stock markets were mixed Thursday with some benchmarks erasing early morning gains. Investors remained skittish after this week’s financial turmoil...
FBR squashes telecom company proposal to resolve tax dispute
ISLAMABAD: Telecom companies scheme to resolve tax disputes via Alternative Dispute Resolution Committees (ADRCs) has been outright rejected by Federal Board of...
Oil hits one-month low after US inventory build
NEW YORK:Â Oil prices fell to a one-month low on Wednesday, after United States (US) data showed an unexpected build in refined products,...
Chinese consortium to buy 25 per cent stake in Dhaka Stock Exchange
A Chinese consortium has proposed buying a 25 per cent stake in Dhaka Stock Exchange for BDT9.9 billion ($118.998 million), reported a...
PM Abbasi shares plans to broaden Pakistan’s tax base
NEW YORK:Â Pakistan plans to use its national identity database to build profiles of potential taxpayers in a renewed bid to broaden its...
Finance adviser chairs meeting to review progress of development projects
ISLAMABAD:Â Adviser to Prime Minister on Finance Dr Miftah Ismail, here on Wednesday chaired a meeting to review the progress of various projects...
Market Daily: Benchmark KSE-100 index gains 414.36 points
LAHORE: After bloodshed in the last session, investors at the Pakistan Stock Exchange (PSX) were hoping for a normal day. As global...
FBR to submit reply today in PHC over tax reduction on cigarettes
ISLAMABAD:Â Federal Board of Revenue (FBR) is set to submit its reply today in Peshawar High Court (PHC) over an amendment in the...
Market Daily: Benchmark KSE-100 index plummets 415.69 points
LAHORE: Following worldwide declines, Pakistan Stock Exchange (PSX) plummeted on Tuesday as the benchmark KSE-100 index closed 415.69 points in the red...
Byco successfully begins operations at reformer of oil refining complex
LAHORE: A bourse notification filed Tuesday by Byco Petroleum disclosed operations at its reformer of oil refining complex Il (ORC Il) have...