Business

WASHINGTON; Rese­archers have found that decay of tissues after death can be halted and cell functions restored based on early experiments in pigs that may eventually help increase the number of transplantable human organs. Sixty minutes after stopping the heart in the anaesthetised animals, Yale researchers were able to restart the circulation using a specialised machine and a synthetic fluid …

The rupee continued to recover in the interbank market on Thursday, extending its gains against the dollar for the fifth consecutive session. The local currency closed at Rs226.15, up Rs2.65 or 1.17 per cent, from yesterday’s close, according to the State Bank of Pakistan (SBP). In the open market, the dollar was being traded at Rs221 around 4:35pm, according to …

Stocks continued to extend gains on Thursday, with analysts attributing the bullish trend to the rupee’s sharp recovery and surging global equities. According to the Pakistan Stock Exchange (PSX) website, the benchmark KSE-100 index gained 356.50 points or 0.87 per cent to close at 41,425.37 points. Ahsan Mehanti of Arif Habib Corporation said the stock market continued its bullish trend in earnings …

KARACHI: Finance Minister Miftah Ismail has announced a plan to reduce the fixed tax rate to Rs3,000 for non-filers from Rs6,000 on electricity bills, besides exempting consumers whose bills were up to 150 units. A press release in this regard was issued by the Karachi Chamber of Commerce and Industry (KCCI) while referring to a zoom meeting held between the …

Oil prices fell about one per cent in early trade on Wednesday before paring some losses, ahead of a meeting Opec+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar. Brent crude futures were last down 38 cents, or 0.4pc, at $100.16 a barrel at 0345 GMT. West Texas Intermediate (WTI) crude futures …

ISLAMABAD: The country’s exports of merchandise entered a negative growth in July after 22 months when the economy recovered from the impact of Covid-19. The export proceeds fell 5.17 per cent to $2.21 billion in the first month of the current fiscal year from $2.34bn in the corresponding month last year, data from the Pakistan Bureau of Statistics showed on …

The rupee made a strong recovery in the interbank market on Wednesday, rising by Rs9.59 against the dollar — its highest single-day gain ever. The State Bank of Pakistan (SBP) said the rupee closed at Rs228.80, up 4.19 per cent, compared to yesterday’s close of Rs238.38. According to Arif Habib Limited, it was the rupee’s highest single-day gain in absolute …

The benchmark KSE-100 index gained over 800 points during intraday trading on Wednesday as analysts said clarity regarding the International Monetary Fund (IMF) deal had led to fresh buying. According to the Pakistan Stock Exchange (PSX) website, the benchmark index gained 877 points, or 2.18 per cent, to close at 41,068.87 points. The intraday high was 1,016.48 points around 1:33pm. …

KARACHI: Systems Ltd said on Monday its subsidiary EP Systems Ltd that operates in the fintech segment has secured $11 million in a funding round led by Sarmayacar and Shorooq Partners, a leading Abu Dhabi-based venture capital firm. EP Systems runs OneLoad, an online platform that enables micro-retailers to connect with suppliers, leverage working capital options and accept digital payments. …

KARACHI: The lucrative returns of up to 16 per cent failed to attract foreign investments in domestic bonds as the net outflow stood at little over $28 million in the first month of the current fiscal year. The State Bank of Pakistan (SBP) on Monday reported that an inflow of just $3 million was recorded in treasury bills in July …