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Cement industry sales up by 15.29% in Q1

Operating at 88.18 percent of its installed capacity in the first quarter of this fiscal year, the cement industry produced 10.348 million tonnes of cement – the...

Dollar remains flat in value versus domestic unit

Greenback closed unchanged in value versus domestic unit in interbank while edged lower in open market. . Dollar changed hands versus rupee at 105.25 for buying and at...

Best Corporate Report award received by MCB Bank

One of Pakistan’s largest and most innovative banks, has been honoured with the prestigious ‘Best Corporate Report’ Award in the banking sector This is the seventh...

Chinese investment in Pakistan

 The Foreign Direct investment (FDI) continues to show encouraging growth trend as in the first two months of current fiscal year (July-August), 2MFY18, China topped...

European airlines flying towards consolidation

A dogfight over the assets of troubled Alitalia and Air Berlin heralds a new shake-up in the European airline industry Facing insolvency after key investor Etihad threw...

Samsung heir’s jailing heralds reform drive

The conviction and jailing of South Korea’s top business tycoon heralds a drive to reform the country’s giant conglomerates and loosen their grip on the...

Apathy at PSX paves the way for bears

 Pakistan equities on Thursday failed to sustain bullish spell for lack of any trade related excitement and US-Pak tension Market opened on a positive note as stocks...

Northern cement industry cuts price by Rs 25 per bag

The northern market of cement industry has reduced retail prices by Rs 25/bag. The reduction is largely adjustment in Maximum Retail Price (MRP) to the discounts that...

Cost of doing business in Pakistan remains very high

The government has sucked all working capital of exporters in shape of refunds of sales tax, duty drawback and income tax, executives of prime export-oriented sectors...

Pakistan suffers $2b current account deficit in first month of FY18

Rising import bill and disappointing export performance continue to bleed Pakistan financially at external front as the country’s current account deficit swelled...