Political risk on Wall Street? Buy the dip!
An abrupt stock selloff on Friday — sparked by a report that magnified concerns about President Donald Trump’s potential...
Pakistan auctions Sukuk, Euro Bonds worth $2.5 bn
Pakistan has successfully executed US $ 1.0 billion five years Sukuk and US $ 1.5 billion ten years Eurobond...
Bubble trouble? Bitcoin tops $11,000 after $1,000 surge in 12 hours
Bitcoin zoomed past $11,000 (£8,185.50) to hit a record high for the sixth day in a row on Wednesday...
LPG price reduced by Rs 10 per kg
The LPG Marketing Companies have reduced the LPG price by Rs 10 per Kilogram, The Chairman of LPG Distribution Association, Irfan Khokhar said in statement that LPG prices were being reduced as result of LPG policy 2014. He predicted that price would be further lowered. The new prices are... Read more
CNG available throughout week from today in Punjab
After a gap of three years, the Compressed Natural Gas (CNG) filling stations in Punjab will remain open throughout the week from Tuesday but for six hours only. The SNGPL has issued a notification in this regard on Monday allowing the owners of filling stations to keep their outlets... Read more
IDB approves $220 million for coal powered plant in Jamshoro
The Islamic Development Bank (IDB) on Monday approved $220 million dollars for the Jamshoro coal power plant.The approval was granted at a meeting of board of executive directors of the bank in Jeddah.The Asian Development Bank has already approved $900 million for the project and the project on completion... Read more
Karachi Stock Exchange the best performing market in the world!
The Pakistan stock market gained eight per cent in the quarter ended on Monday, making it the best performing market in the whole world. Analyst Vahaj Ahmed at Topline Securities commented that improving economic indicators and foreign inflows generated positive sentiments in the market. The strengthening of rupee against... Read more
Samsung SDI to merge with Cheil Industries
Samsung SDI Co., the world’s top maker of TV displays and smartphone batteries, said Monday it will merge with Cheil Industries Co., another Samsung affiliate that produces electronic and chemical materials, a move seen as part of generational ownership transfer within Samsung Group and efforts to bolster corporate restructuring.... Read more
LNG import still not finalized.
Contrary to the government’s claim of LNG import by November, the sole bidder has yet to obtain prerequisites to the construction of an LNG terminal. Background interviews have revealed that the Elengy Terminal Private Limited (ETPL), a subsidiary of Engro Corporation Pakistan has not obtained two major perquisites to... Read more
Slip roads to be constructed on busy avenues
Taking into consideration the problems of traffic jams at different avenues, the Capital Development Authority (CDA) Islamabad has decided to construct slip roads on the main avenues. The roads will be constructed by the machinery pool organization (MPO), which is a department of CDA, due to which no contract... Read more
Govt approves cut in oil prices from 1st April
The Finance Ministry has approved a cut of up to Rs 5.61 per litre in the prices of petroleum products as per recommendations of the Oil and Gas Regulatory Authority (OGRA) with effect from April 1. The Finance Ministry, after seeking consent of the Prime Minister has decided to... Read more
World Bank to provide $10.2 bn to Pakistan in next five years
The World Bank (WB) will give Pakistan $10.2 billion during the next five years.  Finance Minister Ishaq Dar has, meanwhile, assured the World Bank that the government was going to eliminate tax exemptions in Pakistan in the next budget. He extended this assurance here on Sunday to Sri Mulyani... Read more
Punjab gets CNG 7 days a week
 The “All Pakistan Compressed Natural Gas Association (APCNGA)” finally got approval for the provision of Compressed National Gas (CNG) in Punjab for six hours a day but throughout the week. All CNG stations in Punjab will be open from 10am to 4pm Monday through Saturday and from 6am to... Read more
Germany and China strengthen economic ties
Economic giants Germany and China pledged to deepen their strategic during a landmark visit to Berlin by Chinese President Xi Jinping,Germany’sauto giant Daimler announcing a production deal with its Chinese partner worth one billion euros ($1.4 billion).The partnership with Beijing Automotive Industry Corporation (BAIC Group) plans to expand production... Read more
KCA opposes likely govt intervention
The Karachi Cotton Association (KCA) has opposed a possible intervention by the government through the Trading Corporation of Pakistan (TCP) to buy unsold stocks of ginners, saying such a move would hurt free trading on the cotton market.The KCA believes that any intervention from a public sector organisation would... Read more
IMF assasses Ukraine’s bailout plea
The International Monetary Fund (IMF) was expected to deliver an evaluation to Ukraine on Wednesday on its bailout request as the US continues to muster support for penalising Russian encroachment on Ukrainian territory.Ukraine is seeking a loan of $15bn to $20bn to battle dwindling reserves and the threat of... Read more
The World Bank is set to approve a ‘Development Policy’
The World Bank is set to approve a ‘development policy’ credit amounting to USD 500 million to help Pakistan design an efficient and consumer-oriented electric power system which will help in reducing subsidies and improving tariff policy, entailing a reduction of the subsidies allocated in the federal budget from 1.8%... Read more