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Silk Bank equity shrunk to Rs 4.8 billion after reporting hefty loss
Karachi June 9 2022: Silk Bank equity reduced to Rs 4.869 billion after the bank reported loss of Rs 6.5...
Russia has no extra oil to sign deals with two Indian buyers – Reuters
Moscow June 9 2022: Russia's Rosneft (ROSN.MM) is holding back on signing new crude oil deals with two Indian state...
UAE Central Bank expects UAE’s real GDP growth to reach 4.2% next year
Dubai June 8 2022: The Central Bank of the United Arab Emirates (CBUAE) has revised up its projections for the...
Oil tops $124 per barrel, a high of 13-week
New York June 8 2022: Oil prices rose about 3% to a 13-week high on Wednesday as U.S. demand for...
NEC approves 5% economic growth target for FY 2022-23
Islamabad June 8 2022: National Economic Council (NEC) Wednesday approved the annual targets for the upcoming fiscal year 2022-23 including...
As Bank of Canada sprints to neutral, bets of recession climb
Ottawa June 8 2022: Canada's central bank has signaled plans to race ahead with a series of oversized hikes to...
PIA set to resume weekly flights for China from June 11
Karachi June 8 2022: Pakistan International Airlines (PIA) is all set to resume its weekly commercial passenger flights on Islamabad-Xian...
Pakistan Banks outlook changed to negative, long-term foreign currency Counterparty Risk Ratings of three banks downgraded by Moody’s
Limassol June 8 2022: Moody's Investors Service ("Moody's") has today affirmed the B3 long-term deposit ratings of five Pakistani banks:...
K-Electric to carry out minimum of 3 hours load shedding with no exception
Karachi June 8 2022: Amid rising temperatures driving a surge in electricity demand, K-Electric announced a revision in its load-shed...
Hascol Petroleum one step away from suspension
Karachi June 8 2022: Pakistan Stock Exchange informed to all concerned that M/s. Hascol Petroleum Limited ("HASCOL"), already quoted in...
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