Business

Business

Pakistan receives fourth IMF tranche worth $556 million

Pakistan has received $556 million as the fourth instalment of an International Monetary Fund (IMF) loan approved last year to…

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Stocks manage modest gains in low volume trading

Stock market remained dull throughout the day, which saw volume shrink 45pc to 73m shares on Thursday, representing 9-month low.…

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Libya declares oil crisis over after state reclaims ports

Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports…

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‘Bitcoin could have future’: Russian Central Bank

Russia’s central bank said on Wednesday that virtual currencies such as Bitcoin could have a future but warned that it…

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CDA, Iesco still at odds over power bill

The Islamabad Electric Supply Company (Iesco) and the Capital Development Authority (CDA) have yet to carry out an investigation to…

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Cartels operating in several sectors, Dar tells NA

Many industries and sectors in the country have formed cartels in order to obtain an undue economic advantage, mostly at…

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Govt starts evaluating 4,250MW coal-based power plants

The government decided yesterday to begin processing proposals submitted by private companies to set up 10 coal-based power projects having…

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Exports to EU markets grow by $700m

Exports to European markets during the first 11 months (July-May) of the outgoing fiscal year grew by an additional $700…

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KSE-100 index declines by 24.78 points

Range-bound activity was witnessed at the stock exchange on Wednes­day as investors’ interest in trading was subdued in the holy…

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