Moody's Investors Service (Moody's) has affirmed the government of Pakistan B3 rating and senior unsecured ratings, but cautioned that domestic politics, stalling of the government's post-IMF programme reform agenda and geopolitical risk may continue to r
Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar Wednesday said that Ishaq Dar has lost credibility to run the Finance Ministry as his "confessional statement" of money laundering for Sharif family has been corroborated now by more evidence. "Dar's confess
Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar Wednesday said that Ishaq Dar has lost credibility to run the Finance Ministry as his "confessional statement" of money laundering for Sharif family has been corroborated now by more evidence. "Dar's confess
On Wednesday, BRIndex30 opened at 22,916.51. It touched an intraday high of 23,290.31 and an intraday low of 22,462.35 and closed at 23,038.37 which was 121.86 points or 0.53 percent higher than previous close. Total volume was 126,405,600, which was 58.7
On Wednesday, BRIndex30 opened at 22,916.51. It touched an intraday high of 23,290.31 and an intraday low of 22,462.35 and closed at 23,038.37 which was 121.86 points or 0.53 percent higher than previous close. Total volume was 126,405,600, which was 58.7
A bearish trend continued on Pakistan Stock Exchange Wednesday. The benchmark KSE-100 index lost another 328.39 points to close at 43,792.19 points. After opening on a negative note, the index hit 43,027.28 points intra-day low, down 1,093.30 points. Howe
A bearish trend continued on Pakistan Stock Exchange Wednesday. The benchmark KSE-100 index lost another 328.39 points to close at 43,792.19 points. After opening on a negative note, the index hit 43,027.28 points intra-day low, down 1,093.30 points. Howe
A bearish trend continued on Pakistan Stock Exchange Wednesday. The benchmark KSE-100 index lost another 328.39 points to close at 43,792.19 points. After opening on a negative note, the index hit 43,027.28 points intra-day low, down 1,093.30 points. Howe
Royal Bank of Scotland agreed Wednesday to pay a US regulator $5.5 billion (4.8 billion euros) over its role in the subprime mortgage crisis more than a decade ago. The lender said in a statement that the £4.2-billion penalty was a "heavy price" to settle
Royal Bank of Scotland agreed Wednesday to pay a US regulator $5.5 billion (4.8 billion euros) over its role in the subprime mortgage crisis more than a decade ago. The lender said in a statement that the £4.2-billion penalty was a "heavy price" to settle
The Lahore High Court (LHC) has set aside SRO 116 of the Federal Board of Revenue (FBR) relating to the powers and functions of Directorate General Intelligence and Investigation, Inland Revenue under Sales Tax Act 1990 and declared the SRO 116 as illegal
The Lahore High Court (LHC) has set aside SRO 116 of the Federal Board of Revenue (FBR) relating to the powers and functions of Directorate General Intelligence and Investigation, Inland Revenue under Sales Tax Act 1990 and declared the SRO 116 as illegal
The Lahore High Court (LHC) has set aside SRO 116 of the Federal Board of Revenue (FBR) relating to the powers and functions of Directorate General Intelligence and Investigation, Inland Revenue under Sales Tax Act 1990 and declared the SRO 116 as illegal
Army Chief General Qamar Javed Bajwa has said that China-Pakistan Economic Corridor (CPEC) is truly a harbinger of economic development, peace and prosperity in the region and urged all national institutions to make all-out efforts to ensure the success o
Army Chief General Qamar Javed Bajwa has said that China-Pakistan Economic Corridor (CPEC) is truly a harbinger of economic development, peace and prosperity in the region and urged all national institutions to make all-out efforts to ensure the success o
Army Chief General Qamar Javed Bajwa has said that China-Pakistan Economic Corridor (CPEC) is truly a harbinger of economic development, peace and prosperity in the region and urged all national institutions to make all-out efforts to ensure the success o
At least a dozen protesters suffered injuries in Indian-held Kashmir Wednesday as security forces fired teargas and pellets at angry mourners who defied a curfew to hold a funeral for a slain freedom fighter, witnesses and police said. Authorities had imp
At least a dozen protesters suffered injuries in Indian-held Kashmir Wednesday as security forces fired teargas and pellets at angry mourners who defied a curfew to hold a funeral for a slain freedom fighter, witnesses and police said. Authorities had imp
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,845. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.848 billion and the number of lots traded was 11,055.
Tea prices in Bangladesh rose for a second straight week on strong demand for quality leaf while sales rose despite higher volume on offer. Bangladeshi tea fetched an average of 223.38 taka ($2.74) per kg at the weekly auction on Tuesday, compared with 21
European wheat futures were little changed on Tuesday as US prices fell after weather-fuelled gains on Monday, while traders waited for clearer indications about the French harvest after rain raised fears of reduced quality. December milling wheat, the mo
Palm oil on the European vegetable oils market was mostly offered firmer on Tuesday on a weaker dollar, although July shipment eased with Malaysian palm oil futures. July shipment palm oil was offered $17.50 a tonne down from Monday, while other positions
China's steel rebar futures rose to their highest in three-and-a-half years on Tuesday because of increasing concerns of tight supply which is pushing profits at mills higher. China has eliminated about 120 million tonnes of low-quality steel capacity in
The Karachi Port handled 157,915 tonnes of cargo comprising 132,680 tonnes of import cargo and 25,235 tonnes of export cargo including 7,049 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
A kind of firmness prevailed on the cotton market on Wednesday in the process of moderate buying by mills, dealers said. The official spot rate extended overnight gains, picking up Rs 50 to Rs 6200, they said. In ready session nearly 4800 bales of cotton
Export premiums for corn and soyabeans shipped from the US Gulf Coast were weaker on Tuesday on plentiful supplies and light demand, while wheat export premiums were mostly flat, traders said. Active farmer selling of corn and soyabeans in South America h
Home lending to property investors in Australia fell for a second straight month in May, early evidence that curbs enforced by regulators to cool the country's red-hot property market was starting to bite. Tuesday's data from the Australian Bureau of Stat
Hundreds of rural women in Nepal are turning from housewives to entrepreneurs to bring clean, energy smart products such as solar panels, lanterns and batteries to power-starved villages in an initiative aiming to help women out of poverty. The social ent
China's Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque International a Luxembourg (BIL), a person with knowledge of the matter told Reuters. Legend, owner of computer group Lenovo Group Ltd, has been in discussions to bu
A measure of Australian business conditions climbed to its highest since early 2008 in June as sales and profits picked up across a range of industries, another sign the economy had regained its feet after stumbling early in the year. National Australia B
France will use "all means" to make Paris Europe's main post-Brexit financial capital, Prime Minister Edouard Philippe said on Tuesday, while international bankers said they wanted to see if such pro-business reforms would stick over time. Eager to attrac
Bangladesh's annual inflation eased to 5.44 percent in the financial year that ended in June, the planning minister said on Tuesday, as non-food prices rose at a slower pace but food prices climbed to a two-year high. Food inflation in the financial year
German industrial conglomerate ThyssenKrupp said Tuesday it would slash up to 2,500 administrative jobs worldwide as part of a massive cost-saving drive. Hoping to save 400 million euros ($456 million) in administrative costs, ThyssenKrupp plans to slash
The European Central Bank's raft of unconventional policy measures - including negative interest rates and mass bond-buying - have helped rather than harmed countries outside the eurozone, board member Benoit Coeure said Tuesday. "The view that asset purc
The European Central Bank's raft of unconventional policy measures - including negative interest rates and mass bond-buying - have helped rather than harmed countries outside the eurozone, board member Benoit Coeure said Tuesday. "The view that asset purc
Air Zimbabwe has laid off 200 employees - nearly half its workforce - to try to stay in the air, Zimbabwe state media reported Wednesday, as the country's economic troubles deepen. Under long-time leader President Robert Mugabe, Zimbabwe has suffered mass
Brazil's Senate on Tuesday approved wide labour reforms to revive Latin America's biggest economy, a major boost for embattled President Michel Temer who is trying to pull the country out of its worst recession ever. The legislation, which comes as Brazil
S&P Global Ratings said Wednesday it has lowered Venezuela's sovereign debt ratings, warning of the risk of default as economic conditions in the oil-rich country worsen and political tensions rise. Venezuela has been wracked by more than a month of viole
S&P Global Ratings said Wednesday it has lowered Venezuela's sovereign debt ratings, warning of the risk of default as economic conditions in the oil-rich country worsen and political tensions rise. Venezuela has been wracked by more than a month of viole
Retail inflation in India hit a record low in June, according to government data released Wednesday, reflecting a slowdown in the economy and adding pressure for a rate cut, experts said. Retail inflation for June came in at 1.54 percent, down from 2.18 p
Women are "chronically" under-represented in the oil and gas industry and the sector is losing out by failing to draw on their skills, a study said on Wednesday. Women account for just 22 percent of workers in the oil and gas sector, said the joint study
Federal Reserve Chair Janet Yellen said Wednesday she still foresees only "gradual" interest rate increases in the few years ahead, as the US economy grows stronger and employment expands. Key question marks remain however about how the economic outlook w
A first herd of boycott-busting cows has been airlifted to Qatar to boost milk supplies five weeks after neighbouring Gulf states cut links with the emirate. The several dozen Holsteins were flown in from Budapest, the first of 4,000 cattle to be imported
Germany's cabinet agreed Wednesday to tighten scrutiny on takeovers of companies in strategic industries by buyers outside the EU, the Economy Ministry said, reacting to Europe-wide disquiet over Chinese takeovers. New regulations will allow Berlin more t
British pay growth lagged further behind inflation in the three months to May, according to official data that may cause Bank of England officials to think twice about the need to raise interest rates. The data also showed the unemployment rate in the per
Stock markets in the Middle East rose on Wednesday, bolstered by banking shares ahead of testimony from Federal Reserve Chair Janet Yellen that could offer clues on when the central bank will tighten US monetary policy. Most Gulf currencies are pegged to
Hong Kong's benchmark stock index rose for the third straight day on Wednesday to a two-year closing high, bolstered by China fund flows and investors' bargain hunting for blue chips. The market was firm even as Hong Kong's second board for start-ups fell
Tokyo stocks ended lower on Wednesday as a pick-up in the yen dented Japan's exporters while banks also fell, with investors eyeing Federal Reserve chief Janet Yellen's congressional testimony later in the day. Japan's currency - seen as a safe haven in t
US stocks were higher in early afternoon trading on Wednesday, with the Dow at record levels, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual and will not have to rise much further to reach a neutral level. Yellen, in a
US stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda. Stocks fell sharply in late-morning
US Treasury yields slipped in choppy trading on Tuesday after Federal Reserve officials, on the eve of Fed Chair Janet Yellen's congressional testimony on monetary policy, expressed doubts about further interest rate hikes due to low inflation. Fed Board
US Treasury yields slipped in choppy trading on Tuesday after Federal Reserve officials, on the eve of Fed Chair Janet Yellen's congressional testimony on monetary policy, expressed doubts about further interest rate hikes due to low inflation. Fed Board
India's main stock indexes closed at their highest ever levels for a third day running on Wednesday, as shares of energy companies such as Reliance Industries Ltd advanced on the back of higher crude prices. The benchmark BSE index closed up 0.18 percent
China stocks reversed earlier gains to end lower on Wednesday, as investors taking part in a big-cap rally seen in recent weeks paused for breath, ahead of Federal Reserve Chair Janet Yellen's address to congress. The blue-chip CSI300 index fell 0.3 perce