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KSE stocks fall in volatile session, rupee weakens

 KARACHI: Shares in the Karachi Stock Exchange (KSE) ended down in a volatile session on Wednesday as investors become more risk-averse amid foreign outflows worth $20 million in the previous session, traders said. The...

Pakistan merging its stock exchanges into one

ISLAMABAD: The demutualization committees of Karachi  Stock Exchange (KSE), Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) have agreed in principle to integrate the three stock exchanges to form one national stock exchange....

Oil prices near six-year lows ahead of US energy report

SINGAPORE: Oil prices dipped on Wednesday, trading near six-year lows ahead of the latest US energy report after jitters over China’s faltering economy spurred heavy losses this week, analysts said. US benchmark West Texas...

ADB announces new $1.2 bn annual package for Pakistan

KARACHI: The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth $1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered...

KSE-100 index plummets by 1,400 points as investors panic

KARACHI: Panic selling led to a major drop in the benchmark index of the Karachi Stock Exchange (KSE) on Monday. The KSE-100 Index went down 3.97%, or 1,370 points, to reach 33,149.6 points at...

Dollar crosses Rs104 in interbank market

KARACHI: The exchange rate of US dollar in the interbank market appreciated by Rs2.10 on Monday to reach a 17-month high of Rs104.10. The report said that dominant exporter groups are trying to create...

Khurshid calls for Rs12-15 cut in oil prices

SUKKUR: Leader of the opposition in the National Assembly, Syed Khurshid Shah Saturday said that in light of falling oil prices in the international market, the fuel prices in the local market should also...

Oil, gas reserves found in Sanghar

SANGHAR: Oil and gas reserves have been found in Sanghar, district of Sindh. Pakistan Petroleum has started extracting oil and gas from the wells. According to a declaration by the company, approximately 1.94 million...

Oil prices slide further in Asia

Singapore: Oil prices resumed their decline in Asia Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said. US benchmark West Texas Intermediate...

India ready to pay $1.4bn in oil dues to Iran

 NEW DELHI: Indian refiners have been told to prepare to pay Iran $1.4 billion in oil dues, two sources with knowledge of the issue said, in one of the first signs that last month’s...

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