Gold soars to record high of Rs105,200 per tola
Karachi: Gold prices in the country increased by Rs700 per tola to reach an all time high of Rs105,200 per tola on...
Asian countries to make economic recovery by 2021: Fitch Solutions
KARACHI: Global output will contract by 3.6 per cent in 2020, but Asian countries will outperform other markets in 2021, according to...
Oil product demand growth will never recover to pre-Covid levels: Citi
'Oil prices are likely to fluctuate between $45 and $60 a barrel in the long term'
Stocks post modest gains amid volatile activity
KSE-100 fails to capitalise on gains accumulated in early trade, closes higher by 88.77 points at 34,978.18
FY20: PSX among top-performing markets despite Covid-19
Pakistan Stock Exchange remained Asia's third-best market in FY20, after China and Taiwan
Global light vehicle sales to fall 20pc this year: Moody’s
NEW YORK: The coronavirus compounds the challenges already confronting the global auto industry and Moody’s estimates that global light vehicle sales will...
Oil rises 2pc on US crude stockpile draw, global manufacturing activity
NEW YORK: Oil prices rose nearly 2pc on Wednesday following a drawdown in US crude inventories from record highs and a string...
Tesla becomes most valuable automaker in latest stock rally
Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalization overtook...
‘Fuel shortage must not be linked with partial curtailment of oil imports’
Petro Division urges media to provide objective info to public and reserve comments till court judgments
Urea offtake jumps 76pc to 1.2m tonnes in June
Inventory levels drop to 400,000 tonnes in June from 1.1m tonnes in May
IMF revises down Asia’s economic forecast; warns of $12tr loss globally
'For the first time in living memory, Asia’s growth is expected to contract by 1.6pc, a downgrade to the April projection of zero growth'
KSE-100 welcomes FY21 with 485-point rally
KARACHI: The Pakistan Stock Exchange (PSX) greeted the financial year 2020-21 (FY21) with positivity, as the benchmark index extended its rally from...
Food inflation pushes CPI to 8.6pc in JuneÂ
Monthly inflation was led by a spike in the prices of wheat/flour, potatoes, pulses, condiments and spices
SBP raises Rs16bn through T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs16.1 billion through Pakistan Market Treasury Bills (T-bills), against...
Rupee depreciates 4.8pc in FY20
'Stability in current account deficit coupled with building up of forex reserves led towards normalized PKR depreciation in FY20, when compared with hefty depreciation of 24pc last year'