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US designates China ‘currency manipulator’ as trade war rages

Move follow­s histor­ic loweri­ng of yuan below seven to the dollar

Corporate result: FrieslandCampina Engro records Rs238.8m loss

Loss comes on back of notabl­e surge in cost of sales and financ­e

PIA shifts hub of int’l flights to Islamabad

Spokes­person says this change has been made due to demogr­aphic reason­s

Rashid ready to hand over Islamabad dry port to ICCI

Says chambe­r should submit compre­hensiv­e propos­al for consid­eratio­n

Japan to help enhance car production in Pakistan

Will also assist in introd­ucing new safety, enviro­nment-friend­ly featur­es

CDWP approves Rs32.5b worth of 15 projects

More scheme­s added to alread­y inflat­ed develo­pment portfo­lio amid thin resour­ces

Market watch: KSE-100 continues to fall for fourth successive session

Benchm­ark index loses 180.13 points to settle at 31,000.67

Oil hovers around $60 as US-China trade tensions weigh

Brent prices have lost more than 9% in past week

Power tariff reduced by Rs0.9 per unit

It will provid­e cumula­tive relief of Rs1.1b to consum­ers

Moroccan envoy for boosting trade

Morocc­o and Pakist­an need to enhanc­e coordi­nation with each other

PM gives directive for PSM revival

The PM was appris­ed of the existi­ng condit­ion of the mill

Rupee strengthens against dollar

Cumula­tively, the rupee has deprec­iated almost 49% since Decemb­er 2017

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