Another ship carrying 65,000MT wheat reaches Pakistan

With the arrival of the second vessel, total import of wheat from Ukraine has now totalled 125,804 metric tonnes
Oil producers

Oil falls 3pc, heads for weekly drop on demand concerns

NEW YORK: Oil prices fell more than 3pc on Friday, headed for their biggest weekly decline since June as concern around a...

Malls consider reducing rental waivers as Covid-19 cases decline

KARACHI: As the coronavirus cases decrease in the country, leading malls may be looking towards reducing waivers on rentals which poses a...

KSE-100 snaps winning streak on profit booking

KARACHI: Breaking its winning streak, the Pakistan Stock Exchange (PSX) closed the last session of the week in the red, with the...

KP Revenue Authority reduces sales tax on 29 services

Sales tax on construction services lowered from 15pc to 2pc; hotels, restaurants, guest houses to be taxed at 8pc

Cement despatches slow down in August 

--Overall despatches drop from 4.83m tonnes in July 2020 to 3.52m tonnes in Aug --APCMA attributes the slow down to heavy rains, Eidul...

Oil prices at one-month low on demand worries

LONDON: Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker US gasoline demand...

Pakistan’s exports plunge 19.5pc YoY in August

PM's commerce adviser attributes the fall to 'unprecedented monsoon rains' which disrupted the supply chain

Stocks storm past 42,000-level as volume hits decade high

KARACHI: Investors of the Pakistan Stock Exchange witnessed another exciting session on Thursday, as the benchmark index continued to accumulate gains while...

Maple Leaf Capital raises stakes in Pioneer Cement to 10.9pc

KARACHI/LAHORE: Maple Leaf Capital Limited, in a notification issued to the Pakistan Stock Exchange (PSX) on Thursday, reported that the company has...

Oil drops 1.5pc, reversing course as US gasoline demand slumps

NEW YORK: Oil fell more than 1.5pc on Wednesday, reversing course as gasoline demand fell in the United States in the latest...

India bans PUBG, 117 other apps as it takes aim at China tech

BENGALURU: India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd’s popular videogame PUBG, citing data security concerns, according...

Gold price drops to Rs115,200 per tola

ISLAMABAD: The price of 24-karat gold decreased by Rs2,500 on Wednesday and was traded at Rs115,200, as against its previous closing at...

Stocks jump 457 points as volume hits year’s peak

KARACHI: The Pakistan Stock Exchange (PSX) extended its rally on Wednesday as indices continued to move north while volumes inflated to the...

Inflation drops to 8.2pc in August

ISLAMABAD: Headline inflation in Pakistan fell from 9.3pc in July 2020 to 8.2pc in August, mainly due to a slight decrease in prices...