Business

NEW YORK: A rally on hopes for progress in the US-China trade war fizzled late Friday, sending Wall Street into the red after bourses elsewhere had drifted higher earlier in the day. A delegation of Chinese officials on Friday abruptly canceled hastily-scheduled visits to farms Nebraska and Montana. While mid-level trade talks continued uninterrupted in Washington, the visits´ sudden cancelation …

ISLAMABAD: Directorate of National Savings (CDNS) has pointed out that the investors of Rs 40,000 prize bonds have withdrawn Rs 152 billion by August 31, out of total stock of Rs 259 billion investment from CDNS after the federal government decided to discontinue the specific bond. The National Savings is expecting that total amount to be drawn by the investors, …

NEW YORK: The parent company of the New York Stock Exchange (NYSE) will from Sunday offer investors the option to trade Bitcoin, giving the pioneer cryptocurrency further mainstream recognition. Operations will begin at the opening of the electronic financial market at 8:00 pm in New York (0000 GMT). Brokers will then be allowed to trade futures contracts on one of …

NEW YORK: Wall Street stocks ended flat after a choppy session Monday amid lingering questions over trade and Federal Reserve interventions to ensure financial market liquidity. After three straight weeks of gains, major indices fell last week amid continuing worries over the US-China trade dispute and a spike in oil prices after an attack on Saudi Arabian oil assets that …

US stocks swung to a split finish on Friday, closing little changed as investors took a breather following an extended rally driven by hopes for a letup in the US-China trade war New York, (APP – UrduPoint / Pakistan Point News –  ):US stocks swung to a split finish on Friday, closing little changed as investors took a breather following …

Overseas Pakistanis remitted dollars 1.69009 billion in August 2019 as compared to $ 2.03903 billion received during July 2019 KARACHI, (APP – UrduPoint / Pakistan Point News –  ):Overseas Pakistanis remitted dollars 1.69009 billion in August 2019 as compared to $ 2.03903 billion received during July 2019. This showed a decline of dollars 348.4 million on month-to-month basis, reflecting the …

The Overseas Pakistani workers remitted US$ 3,730.2 million during the first two months of the current fiscal year (2019-20), compared to US$ 4,071.1 million in the same period last year, State Bank of Pakistan (SBP) reported Friday ISLAMABAD, (APP – UrduPoint / Pakistan Point News –  ):The Overseas Pakistani workers remitted US$ 3,730.2 million during the first two months of …

The China Pakistan Economic Corridor (CPEC) review meeting Friday deliberated upon issues confronting different projects under CPEC decided to fast track their resolution for timely completion of all projects ISLAMABAD, (APP – UrduPoint / Pakistan Point News – ) :The China Pakistan Economic Corridor (CPEC) review meeting Friday deliberated upon issues confronting different projects under CPEC decided to fast track their resolution for timely completion of all projects. Minister for …

The British pound hit a seven-week high against the dollar Friday on easing fears of a no-deal Brexit London, (APP – UrduPoint / Pakistan Point News – ):The British pound hit a seven-week high against the dollar Friday on easing fears of a no-deal Brexit.Stock markets meanwhile won support after China said some US agricultural products including pork and soybeans …

Special Economic Zones (SEZs) would help country enhance its exports by $1 billion to $ 1.5 billion per annum in the short span of time by ensuring effective and comprehensive planning, Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chief, Mian Kashif said ISLAMABAD, (APP – UrduPoint / Pakistan Point News –  ) :Special Economic Zones (SEZs) would help country …