Moody’s downgrades rating for Pakistan banks

KARACHI: Moody’s Investors Service has changed its outlook for the banking system in Pakistan (B3 negative) to negative from stable. Read more »

Equity market erodes by 591 points despite encouraging reports from UAE

KARACHI: The equity marked eroded by 561 points on Monday despite positing new from Government Summit in the UAE. Read more »

Rupee falls by 54 paisas against dollar on import, corporate demand

KARACHI: The Pak Rupee fell by 54 paisas against the US dollar on Monday amid higher demand for import and corporate payments, dealers said. Read more »

CNG stations to remain closed for further 24 hours under gas load management

KARACHI: Sui Southern Gas Company (SSGC) on Friday said that CNG stations will remain close on Saturday under gas load management. Read more »

KSE-100 index falls by 483 points in mid-day trading

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) has plunged by 483 points in mid-day trading on Friday mainly on profit taking. Read more »

Engro Foods’ after tax annual profit falls by 83pc

KARACHI: Engro Foods Limited has declared 83 percent decline in net profit for the year 2018, according to financial statement submitted to Pakistan Stock Exchange (PSX) on Friday. The profit after tax... Read more »

Rupee weakens against dollar in early trading

KARACHI: The Pak Rupee weakened by six paisas against the US dollar in early trading on Friday owing to demand for import and corporate payments. Read more »

SBP estimates ICT exports worth $1.5bn remain undocumented

KARACHI: State Bank of Pakistan (SBP) has estimated that around $1.5 billion exports in Information and Communications Technologies (ICT) are remained undocumented due to absence of major world’s leading payment solution provider... Read more »

Lucky Cement wins international CSR award

KARACHI: Lucky Cement Limited (psx: LUCK) has secured 8th International Corporate Social Responsibility Award in the category of “Sustainability Initiative”. The award was organized by The Professionals Network (TPN). Read more »

100pc foreign shareholding allowed in legal entities incorporated in Pakistan: Razak Dawood

KARACHI: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, has said that 100 percent foreign shareholding remained allowed in legal entities incorporated in Pakistan. Read more »