NEW YORK: The rout in emerging-nation assets spread to developed markets, as stocks tumbled around the world and demand for havens spiked on intensifying concern that global growth is slowing.
Kazakhstan became the latest country to stop defending its currency, as developing nations struggle to overcome plunging prices for commodity exports. The selloff spread to U.S. equities, wiping out the Standard & Poor’s 500 Index’s gain for 2015 as investors sought the safety of gold and Treasuries.
RIYADH: Saudi Arabia and Qatar will provide Pakistan $5 billion in financial assistance, enabling Islamabad to avert stress on the...
LAHORE: Federal Minister for Commerce Jam Kamal Khan has directed the Pakistan Dairy Association to submit proposals for reducing general...
PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) recorded a 21% increase in sales tax on services during the first nine months...
ISLAMABAD: Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency rating at ‘B-’ with a stable outlook, pointing to progress in...
