KARACHI: The Pakistani rupee remained flat witnessing a marginal gain of 8 paisas to reach Rs213.90 against the dollar on Tuesday amid strengthening dollar against major global currencies. The local unit gained 8 paisas to close at Rs213.90 to the dollar from Monday’s closing of Rs213.98 in the interbank foreign exchange market. Currency experts said … Read more
European stocks rose Wednesday however profits had been capped as Russia continued its new offensive in jap Ukraine, dealers stated. London equities rose 0.4 percent in noon deals after bumper in a single day gains on Wall Street. Frankfurt received 0.9 percent and Paris brought 1.2 percent, aided by information of a go back to … Read more
Dutch brewer Heineken reported on Wednesday a leap in first-zone earnings and income, however, hinted that it is able to hike costs once more due to the growing cost of commodities. The global’s 2nd-largest beer corporation after AB Inbev changed buoyed by Europeans and Asians returning to bars and eating places, in addition to better … Read more
PARIS: After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant’s rapid rise. The travel industry has been thrown into disarray again, workers have been forced to isolate at home and governments are facing a stark choice between imposing restrictions or letting the … Read more
LONDON: From the great lockdown, to the great rebound? At the start of this year the world was optimistic that the development of pioneering vaccines would restrict the global spread of the Covid-19. December 2020 marked the date when vaccinations for the virus first began to be administered around the world. Since then, the death … Read more
KARACHI: The depreciating rupee, rising deficits and anticipation of sharp jump in interest rates dragged the Pakistan stocks down 2 per cent during the week ended December 3, 2021, dealers said. However, with the ease in the global commodities improving Pakistan’s macro-outlook, the International Monetary Fund (IMF)-related uncertainty largely behind and the MSCI-related rebalancing, the … Read more
