In contrast to the global bullish trend in world stock markets following the inauguration of Donald Trump as the 47th president of the United States, Pakistani shares declined on Tuesday due to aggressive selling triggered by proposed changes to tax laws. Topline Securities Ltd reported that the benchmark index started the day on a positive note, reaching an intraday high of 116,425 points. Ho
The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year. The profit repatriation was primarily restricted in FY24 to contain the country’s fast-depleting foreign exchange reserves. Foreign investors widely criticised the government policy, and the International Monetary Fund (IMF), among other harsh conditions, asked Pakist
China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku
China said on Tuesday it hoped to cooperate with the United States to resolve trade issues, as President Donald Trump began his second term after threatening to impose biting tariffs on the Asian giant. Beijing is “willing to strengthen dialogue and communication with the United States, properly manage differences and expand mutually beneficial cooperation,” foreign ministry spokesman Guo Jiaku
Saudi Arabian mining fund Manara Minerals is set to buy a 10-20 per cent in the Reko Diq copper and gold project in Pakistan for proceeds of about $500 million to $1 billion, the Financial Times reported on Tuesday. Manara Minerals would buy the equity stake from the government of Pakistan, which owns 25pc of the mine, in the project, which is being co-developed by Canada’s Barrick Gold, the FT