Pakistan equities posted another range-bound session on Tuesday owing to the absence of triggers, said Ismail Iqbal Securities Ltd. The benchmark index traded in the positive zone despite lacklustre activity throughout the trading session because of the political instability. Investors’ participation remained sluggish as volumes continued to fall, said Arif Habib Ltd. Analyst Ahsan Mehanti s
After making its first-ever export shipment some 14 months back, Pakistan is likely to lose the second export order for smartphones mainly due to policy issues that have hindered the country’s export potential and restricted entry of global players too, say industry players. In a letter written to the Ministry of IT and Telecom, mobile manufacturers have pointed out that due to the restrictions
Oil prices fell by more than 3 per cent in volatile trade on Tuesday on fears of higher US supply amid an economic slowdown and lower Chinese fuel demand. Brent crude futures fell by $2.37, or 3.6pc, to $89.25 a barrel by 12:29 p.m. EDT (1629 GMT). US West Texas Intermediate (WTI) crude futures were down $3.12, or 3.7pc, at $82.34, having risen by over $1 earlier in the session. China, th
State Minister for Petroleum Musadik Masood Malik on Tuesday said the government had arranged two additional cargoes of liquefied natural gas (LNG) — one each in January and February — that would help better manage energy shortages in the coming winter peak with the support of additional imports of liquefied petroleum gas (LPG). “It would not be free for all but the situation would be much bett
Pakistan’s oil and eatables imports grew 9.06 per cent to $7.58 billion in the first quarter of the current fiscal year from $6.95bn a year ago, the Pakistan Bureau of Statistics (PBS) said on Tuesday. In contrast, textile and clothing exports could only rise by 3.68pc year-on-year to $4.58bn due to slow demand and the high cost of local production because of expensive energy. The government ha