Stocks, oil sink as China ‘warns on metal exports’
?China has started making its move on two fronts, firstly threatening to constrict the supply of its rare earth minerals to the US, and secondly, Huawei has launched a legal case in US courts arguing that the country?s decision to restrict the world?s largest network equipment maker was illegal.? Asian equities slid Wednesday, tracking overnight losses on Wall Street ...
Singapore overtakes US as world’s most competitive economy this year
Based on the annual rankings which score the 63 economies studied by IMD on over 230 indicators, Singapore rose from its No.3 global ranking in 2018 to overtake the United States? top spot, while economic uncertainty took its toll on conditions in Europe such that the UK fell from 20th to 23rd place this year. Both cities? performance on ...
Rupee further strengthens against dollar
KARACHI (Dunya News) ? The rupee registered gains against the US dollar in the interbank and open markets on Wednesday, as the Pakistani currency slowly recovered after hitting record lows against the greenback.
FBR To Remain Open On May, 31 Till 6 PM
FBR has taken this step to facilitate the taxpayers in payment of duties/taxes and filing of income tax returns/statements.
Poland's Orlen Expects June 3 Meeting On Contaminated Oil To Be Decisive -Management Board
"We think that there will be a crucial meeting on in on 3," Obajtek told reporters, adding that the Polish was still evaluating the damage contaminated . Russia presented a plan for restoring supplies via the Druzha pipeline at a meeting with last week, under which standard-quality should reach on ...
NEC approves Rs1837bn development budget for centre, provinces
ISLAMABAD: The National Economic Council (NEC) on Wednesday approved a development budget of Rs1837 billion for the federation and provinces for the next fiscal year. Prime Minister Imran Khan presided over a meeting of the NEC that approved the 12th five-year plan, read a press statement issued afterwards. The council approved 4 per cent GDP rate, 3 per cent increase in agriculture ...
Pakistan Stock Exchange Gains 1010 Points At 35,959 Benchmark 29 May 2019
Over the day, 100-index increased by 1010 points. With increase of 829 points, the closed at 35,959 points. The lowest level recorded was 34,949 points, said report. The shares of 322 companies were traded. The shares of 232 companies gained whereas the shares of 73 companies lost their value.
Growth Of Russian Chemical Industry Exceeded 2% In 2018 - Trade Minister
5 percent, meaning the production itself, but export of various chemical products, including polymers and mineral fertilizers, has been significantly growing over the recent years, ... This year, the growth of export has already exceeded 5 percent," Manturov told reporters on the sidelines of the Skolkovo Startup Village international conference for tech entrepreneurs, currently held in . ...
PSX bounces back by 1,010 points
The Pakistan Stock Exchange (PSX) on Wednesday witnessed a bullish trend as KSE 100 index bounced by 1,010 points (2.89%) to close at 35,959 points. A total of 151,479,000 shares were traded, whereas the value of shares traded during the day stood at Rs 7.2 billion. Out of 322 companies, share prices of 232 companies recorded increase while 73 companies registered decrease ...
SECP Embarks On Digital Transformation, Launches LEAP
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th May, 2019 ) :Securities and Exchange Commission of (SECP) Chairman Farrukh Sabzwari Wednesday said the commission is embarking on digital transformation, end-to-end process automation and enabling user environment for its regulatees. Sabazwari said the SECP's digital transformation would improve service quality, promote transparency and enable efficient interaction for its ...
Dollar sheds 59 paisa in interbank, closes at Rs 149.63
ISLAMABAD: The exchange rate of dollar dropped by 59 paisa in interbank and was traded at Rs 149.63 as compared to the last closing at Rs150.22, State Bank of Pakistan (SBP) reported on Wednesday. The SBP further reported that in interbank the price of Euro decreased by Rs 1.22 after which it was traded at Rs 166.92 against Rs 168.14 of ...
PM Lauded For Action Against Gas Stealers: Mian Zahid Hussain
Karachi (UrduPoint / Pakistan Point News - 29th May, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday lauded the decision of the Prime Minister Imran Khan to nail gas thieves. Talking to the business community, ...
Gold price sheds Rs 200, traded at Rs 69,800 per tola
ISLAMABAD, May 29 (APP):The price of 24 karat gold dropped by Rs 200 on Wednesday and traded at Rs 69,800 per tola as compared to the last closing at Rs 70, 000. According to Karachi Sarafa Association, the price of 10 gram gold also witnessed decrease of Rs 172 and traded at Rs 59,842 against Rs 60,014 of last day.
Currency rates in Pakistan - 29 May 2019
KARACHI (Dunya News) - Currency rates in open market in Pakistan according to international currencies as of 29 May 2019. The price of 1 USD to PKR buying is Rs149.00 and selling of US Dollar is Rs150.00. British Pound (GBP) to PKR buying is Rs189.00 and selling is Rs191.00. Euro to PKR buying is Rs165.00 and selling is Rs167.00. Saudi Riyal to ...
Withdrawal of zero rating regime to adversely impact exports, investments: APTMA
LAHORE (Dunya News) ? All Pakistan textile Mills Association (APTMA) Chairman Syed Ali Ahsan on Wednesday apprehended that the proposal of withdrawal of zero rating regime would have adverse impact on exports production and investments, as such policies would deter both local and foreign investments in the sector and chances of industry closure are too high. The APTMA chairman ...
Gold Price Sheds Rs 200, Traded At Rs 69,800 Per Tola
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th May, 2019 ) :The of 24 karat dropped by Rs 200 on Wednesday and traded at Rs 69,800 per tola as compared to the last closing at Rs 70, 000.
SBP’s fresh currency notes service receives overwhelming public response
KARACHI (Dunya News) ? The SMS service launched by State Bank of Pakistan (SBP) for issuance of fresh currency notes for Eidul Fitr 2019 attracts a huge response. It may also be noted that apart from this SMS service, banks may continue to provide fresh currency notes to their customers from their branches and ATMs as sufficient quantity is ...
ICCI demands more incentives for agriculture sector in budget
The Islamabad Chamber of Commerce & Industry?said that agriculture was playing important role in the economic?development of the country and providing raw material to many?industries, therefore, government should consider announcing more?incentives for this sector in the forthcoming budget that? would help in?further strengthening the rural economy, improving agricultural?productivity, facilitating the growth of industry and creating more?employment opportunities for rural ...
PMEX Index Closes At 3,838 Points
The traded value of metals, energy and COTS/FX was recorded at Rs 12.210 and the number of lots traded was 14,240, said statement on Wednesday. 824 , followed by currencies through COTS Rs 1.342 , Rs 1.148 , SP500 Rs 866.356 , DJ Rs 771.488 , WTI crude Rs 639.618 , platinum Rs 197.511 , ...
PSX bounces back by 1,010 points
ISLAMABAD, May 29 (APP):The Pakistan Stock Exchange (PSX) on Wednesday witnessed a bullish trend as KSE 100 index bounced by 1,010 points (2.89%) to close at 35,959 points.
