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KSE-100 down 909pts on selling pressure
Karachi: Pakistan Stock Exchange (PSX) reflected negativity witnessed in global markets, as benchmark KSE-100 index shed over 900 points during trading. KSE-100 started day with strong selling pressure that largely continued throughout session. At c...
CPEC phase-II to grow Pak-China business links: Minister
ISLAMABAD: Minister for Planning Ahsan Iqbal said that economic and cultural connections between people of China and Pakistan are strong and focused. In video message, he said that delegation comprising of 126 Pakistani businessmen is al...
IATA again urges Pakistan to release blocked airline funds
Karachi: International Air Transport Association (IATA), again urged Pakistan to remove barriers to airlines repatriating ticket revenues. “Pakistan and Bangladesh are ranked highest in world in terms of funds which are blocked. So I would rea...
Sinopec not interested in refinery project
ISLAMABAD: Government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost dead project as Chinese company Sinopec is interested in trading petrochemical products on basis of demand and supply, well-i...
Power price jacked up by Rs3.76 per unit
KARACHI: National Electric Power Regulatory Authority hiked per unit price of electricity by Rs 3.76 per unit on account of quarterly fuel adjustment. According to notification issued by power regulator, increase will be applicable for three months...
PM Shehbaz arrives in China amid push for investment
ISLAMABAD: Prime Minister Shehbaz Sharif arrived in China on five-day official visit with investment to be high on agenda. “PM has arrived in Shenzhen, China on an official visit,” statement from Prime Minister’s Office said....
KSE-100 loses over 303pts on profit-taking
Karachi: Pakistan Stock Exchange (PSX) witnessed negative session as its benchmark KSE-100 Index failed to sustain bullish beginning and closed lower by over 300 points. KSE-100 started session positive, hitting an intra-day high of 76,209.97. Howev...
Belgium’s Ontex completes divestment of business in Pakistan
Karachi: Ontex Group NV, Belgian developer and producer of care products and solutions announced that it has completed divestment of its business in Pakistan to ASAIA Holding FZ. Transaction includes Ontex’s plant and business in Pakistan...
OPEC+ extends deep oil production cuts into 2025
OPEC+ agreed to extend most of its deep oil output cuts well into 2025 as group seeks to shore up market amid tepid demand growth, high interest rates and rising rival US production. Brent crude oil prices have been trading near $ 80 per barrel in r...
FPCCI advises small traders to pay taxes under Tajir Dost scheme
Karachi: FPCCI advised businesses to pay taxes and small traders should register themselves with FBR under Tajir Dost Scheme. Despite some initial teething problems, 22,000 small traders have registered under FBR-TDS so far. A meeting of small trade...
