KARACHI: The stock market continued its downward spiral on Tuesday, shedding another 485 points, due to drastically reduced activity from local investors. The KSE 100-share Index fluctuated at the beginning of the day and then stayed in the red zone throughout most of the trading…

Rupee to come under pressure as reserves slide

Wednesday, 02 August 2017 14:22
KARACHI: Reserves of the State Bank of Pakistan (SBP) decreased by $3.9bn between October and July 21 despite commercial borrowing of more than $4.4 billion in 2016-17. Currency experts said pressure is mounting on the exchange rate as reserves fall. Dealers in the interbank market…

KARACHi: The interest rate remains unchanged, at 5.75% announced State Bank of Pakistan Governor Tariq Bajwa on Saturday. While addressing a news conference, the central bank governor said the national economy was undergoing expansion given the rise in fiscal activity. He added the service sector…

Trade deficit surges to all-time high

Wednesday, 12 April 2017 15:35
Pakistan’s trade deficit ballooned by 38.8 per cent to an all-time high $23.385 billion during the first nine months of the current financial year. When the Pakistan Mus­lim League-Nawaz came to power in 2013, the country’s trade deficit was $20.435bn that has been on an…

DUBAI: Finance Minister Mohammad Ishaq Dar on Wednesday said that the GDP has continued to grow above four percent for the 3rd year. Dar was speaking to media alongside officials from the International Monetary Fund (IMF), following discussions with the organisation. He declared talks with…

KARACHI: Residents of Karachi were left high and dry on Tuesday as the petrol crises became severe due to strike by Oil Tankers Contractors Association (OTCA). According to media, as many as 20 percent of fuel stations in metropolis dried out amid a long-standing tax dispute.…

KARACHI: The State Bank of Pakistan (SBP) officially unveiled an honorary coin on Frdiay to commemorate late humanitarian Abdul Sattar Edhi’s services to the country, in a press event at its headquarters. Speaking at the event, Faisal Edhi – the late philanthropist’s son and heir…

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee comprising senior market professionals and stakeholders to review the matter of in-house financing, identification of any issues, inefficiencies in the existing leverage products like margin financing. The committee will also oversee margin…

SINGAPORE: Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. Prices for front-month Brent crude futures, the international benchmark for…

KARACHI - Pak Suzuki waiting from official nod from the Pakistan Government to kick start their project worth of millions of dollars to cater the ever growing automobile demand in the country. An official of Pak Suzuki told Dunya News that since long the company…

PSX KSE-100 Index Sinks 116.66 Points

Tuesday, 14 March 2017 20:19
KARACHI: The Pakistan Stock Exchange witnessed bearish trend on Tuesday with the benchmark KSE-100 index shed 116.66 points to drop to 48539.06 points level at closing. The PSX recorded the highest trading level of 48662.51 points and the lowest level of 48061.27 points. The total…

LAHORE: A decrease of Rs 5 to 7 is expected in the prices of petroleum products as the prices dipped below $50 in the international market for the first time since December last year. The oil prices fell $1.23 per barrel to $49.05 in the international market which would…

LAHORE: A petition was filed in the Supreme Court on Wednesday against the complete ban on sale/purchase and import of seeds from United State in the country. The applicant Barrister Zafarullah of Watan Party appealed that the seeds being imported from the US were not…

PSX 100 Index on the Rise with Low Volumes

Wednesday, 08 March 2017 19:58
How high can you fly with broken wings, 100 Index is up but on low volumes By noon at PSX 100 Index gained 241 points index was flirting with 49700 level. Volumes were low though as only 10 million shares exchanged hand by then. “With…

KARACHI: Sui Northern Gas Pipelines Limited (SNGPL) has announced that it will lay second re-gasified liquefied natural gas (RLNG) pipeline from Karachi to Lahore at a cost of Rs110.51 billion. “The board of directors at a meeting held on March 1, 2017 has conceptually approved a…

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Pakistan Views - National & International News Portal

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