Stocks lose 180 points on selling pressure
KARACHI: The Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure.
Although the bulls managed to overpower the...
Rout relents as China keeps yuan on leash
LONDON: A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past...
‘US currency manipulator labelling could cause chaos in financial markets’
BEIJING/SHANGHAI: China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order...
IMF, NAB become hurdles in way of only ‘strategically important’ CPEC project
Financing remained muddled for the multi-billion dollar China Pakistan Economic Corridor (CPEC) project Mainline-1 (ML-1) after Pakistan took recently struck a deal...
FBR aiming for 4m tax returns by end of year
Income tax filers have increased by a whopping 35 percent since last year according number revealed by the Federal Board of Revenue...
Agricultural lending floats to Rs 1.2tr despite ambitious credit goals
Agricultural lending rose to a staggering Rs 1.2 trillion as banks failed to meet their target for agricultural credit for the financial...
Pakistan’s IT exports increase 4.3pc to $1bn
ISLAMABAD: Pakistan earned $1 billion by providing different information technology (IT) services to various countries during the first eleven months of the...
‘Govt aspires to transform Pakistan into land of opportunities’
In order to break the cycle of recurring instability and to put the economy on the path of sustained growth and stability,...
AJK tax authority extends assets declaration deadline till 20th
MIRPUR: In response to the public interest and persistent demand of the business community of Azad Jammu & Kashmir, the Inland Revenue Department...
NBP partners with WorldRemit for digital money transfers to Pakistan
Using the WorldRemit app, Pakistanis living in over 50 countries can send money directly from their smartphones to NBP cash pickup...
Japan to provide $5m for agro-industry development
The Japanese government has announced a grant of around 560 million Japanese Yen (approximately $5 million) for a United Nations Industrial Development...
Govt urged to address SMEs’ plight
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has stated that the small and medium enterprise (SME) sector was struggling the...
Global trade likely to remain weak in coming quarters: ECB
FRANKFURT: Global trade is likely to pick up only gradually in coming quarters and will remain weaker than overall economic activity, the European...
Huawei tests smartphone with own operating system
SHANGHAI: Huawei Technologies Co Ltd is testing a smartphone equipped with Hongmeng, the company’s self-developed operating system, which could potentially go on sale...
PM orders early revival of Pakistan Steel Mills
'Destruction of a profit-making entity is the manifestation of maladministration on part of previous govts'
ISLAMABAD: Prime Minister Imran Khan on Monday directed...