Millat Tractors signs letter of intent for 18pc stake in Hyundai Nishat Motor
LAHORE: A bourse filing Tuesday from Millat Tractors revealed Nishat Mills through a letter of intent offered up to 18% shares of...
Asian stock markets rise, as British pound hits three-week lows
SYDNEY: Asian shares inched up on Monday, tracking Wall Street, which hit record highs on expectations U.S. lawmakers will pass a long-awaited...
CME Group starts Bitcoin futures trading
NEW YORK: CME Group Inc, the world’s largest derivatives exchange operator, began trading bitcoin futures on Sunday, with the contract opening at...
Oil prices remain unchanged, as markets remain stagnant
SINGAPORE: Oil markets were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging...
D.G Khan Cement fake acquisition notification creates frenzy among investors
KARACHI: A fake notification which earlier this week made rounds on social media and Whatsapp regarding a Chinese cement company’s interest in acquiring...
Rupee slide allowed wholesalers to earn additional 5pc on their imports
KARACHI: As the dust settles after the pandemonium of rupee’s devaluation, wholesalers who already had paid in advance before the depreciation occurred,...
Great year for Wall Street sets stage for multi-billion-dollar IPOs in 2018
NEW YORK: A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018,...
Bitcoin surges to cross $18,000
LONDON: Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day,...
South Korean bitcoin platforms agree to more trading transparency
SEOUL: A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in...
Asian stock markets lower, overburdened by uncertainty of US tax reforms
HONG KONG: Asian stock markets were mostly lower Friday as uncertainty about the progress of a sweeping U.S. tax revamp outweighed an...
Loads Limited to become first manufacturer of alloy wheels in Pakistan
LAHORE: Â A bourse filing on Thursday revealed Loads Limited Board of Directors have decided to allow the local manufacturing of a new...
D.G Khan Cement rebuts fake acquisition notification
LAHORE:Â D.G Khan Cement on Thursday rebutted a notification circulating which claimed a Chinese cement company expressed interest in acquiring 40 percent stake...
Rupee’s decline, won’t spike foreign investors interest in PSX
LAHORE: State Bank of Pakistan’s decision on Friday to devalue the rupee won’t be enough to prop up the ailing stock market...
Proposed tariff regime hasn’t eroded stock prices of SNGPL, SSGC, says: OGRA
ISLAMABAD: The proposed tariff regime for natural gas sector hasn’t eroded share prices of state-owned gas utilities Sui Northern Gas Pipelines (SNGPL)...
Asian stock markets mixed, amidst overnight gains on Wall Street
BEIJING: Asian stocks were mixed Wednesday following overnight gains on Wall Street as investors looked ahead to a likely U.S. interest rate...