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PKR registers minor gains, up by 7 paisa only per USD
April 26, 2023 (MLN): The Pakistani rupee (PKR) on Wednesday registered minor gains, appreciating by only 7 paisa...
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PKR devaluation, rising interest rates push FFBL into red zone
April 26, 2023 (MLN): Fauji Fertilizer Bin Qasim Limited (PSX: FFBL), the country’s sole DAP producer, reported a loss...
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Gold prices hover around $2000 ahead of U.S. economic data
April 26, 2023 (MLN): International spot gold fell around 1% sharply last week amid interest rate fears amongst investors,...
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KAPCO reports dismal financial performance in 9MFY23
April 26, 2023 (MLN): Kot Addu Power Company Limited (PSX: KAPCO) has announced its 9MFY23 financial result today wherein the...
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HASCOL denies PAC’s property, account freeze allegations
April 26, 2023 (MLN): Hascol Petroleum Limited (PSX: HASCOL) has termed a news report which was published on media dated...
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Nasser Lootah becomes the majority shareholder of Summit Bank
April 26, 2023 (MLN): On receipt of the subscription amount of Rs10 billion, Summit Bank Limited (PSX: SMBL) has issued 3.98...
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Sigh of relief to BIPL’s minority shareholders: JS Bank to give cash as per regulations
April 26, 2023 (MLN): The board of JS Bank Limited (JSBL) on Wednesday resolved to pursue a public offer for a minimum...
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Oil prices get breathing room following an unexpectedly large decline in U.S. crude inventory
April 26, 2023 (MLN): Oil prices recovered on Wednesday after last session’s sharp decline of around 2%, owing to the...
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PSMC shuts motorcycle, automobile plant from May 2
April 26, 2023 (MLN): The management of Pak Suzuki Motor Co. Ltd. (PSX: PSMC) on Wednesday decided to the shutdown...
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TPL Insurance to acquire major player in Pakistani market through amalgamation
April 26, 2023 (MLN): The Board of Directors (BoD) of TPL Insurance Limited (TPLI), a subsidiary of TPL Corp Limited on...
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Fertilizer offtake decreases by 9.6% YoY in March
April 26, 2023 (MLN): The country’s overall nutrient offtake has decreased by 9.6% YoY in March 2023, compared to...
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PSX to remain close on May 1
April 26, 2023 (MLN): The Pakistan Stock Exchange (PSX) will remain closed on Monday, May 01, 2023, on account of Labour Day,...
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FM urges CDA to accelerate development projects for overseas Pakistanis
April 26, 2023 (MLN): Finance Minister Senator Mohammad Ishaq Dar on Wednesday directed the Capital Development Authority...
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Oil prices rebound on China demand despite global fears
April 25, 2023 (MLN): Oil prices were steady on Tuesday as holiday travel in China is likely to boost fuel demand, despite...
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China on track to become world’s largest auto exporter
April 24, 2023 (MLN): China has become the second largest auto exporter, lagging behind Japan, the top auto exporter as the...
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Saudi Public Investment Fund ranks 5th with worth $620bn
April 24, 2023 (MLN): The ranking of Saudi Arabia’s Public Investment Fund (PIF) has improved from sixth to fifth...
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China’s raw coal output increases by 4.3% YoY in March
April 24, 2023 (MLN): China's raw coal output has increased 4.3% YoY to 420 million tonnes in March 2023,...
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Asian stocks mixed ahead of tech earnings results
April 24, 2023 (MLN): Asian stocks were mixed on Monday following a muted finish on Wall Street last week, with investors holding...
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U.S. dollar goes down as euro rises on higher composite PMI
April 23, 2023 (MLN): The U.S. dollar fell in late trading on Sunday as the euro advanced on the improvement of the composite...
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Russian billionaires see wealth rise to over half a trillion dollars
April 23, 2023 (MLN): Russia's richest people added $152 billion to their wealth over the past year, buoyed by high...
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SAARC CCI urges to unlock trade potential with Afghanistan
April 21, 2023 (MLN): President SAARC Chambers of Commerce and Industry Iftikhar Ali Malik on Friday stressed the urgent need...
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Japan’s inflation eases to 3.2% in March
April 21, 2023 (MLN): Japan’s overall annual consumer inflation eased to 3.2% in March 2023, outpacing the Bank of...
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Markets wobble as Fed presses for rate hikes
April 21, 2023 (MLN): European and US stock markets wobbled on Friday as dealers digested mixed data and looked forward to more...
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Mid-sized banks struggle with weakening profit outlook, deposit woes
April 21, 2023 (MLN): Banks were among the poorest-performing sectors on Wall Street Thursday after earnings from midsized...
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SBP reserves increase by $394mn in a week
April 20, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $394.2 million...