TOKYO: Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies.
KARACHI: The rupee firmed on Tuesday to close at 87.42/52 to the dollar, compared with Monday's close of 87.43/53 but dealers expect pressure on the rupee due to negative sentiment surrounding the country's economic outlook.
KARACHI: The recent decision of State Bank of Pakisan (SBP) to bring flexibility in monetary stance could spur economic growth slightly but it is likely that inflation could again pick up its momentum due to expected increase in liquidity position, according to the Arif Habib research note.
KARACHI: Pakistan cotton prices increased with improved volumes during trading session on Tuesday. Rates are expected to stay firm at current levels due to decline in unsold stock. In case of further increase in demand, rates may go up.
KARACHI: Heavy rains in Karachi caused thin trading activities at cotton market on Tuesday. However, persistent rains in Sindh and Punjab pushed cotton prices up and expectations regarding further damage of crop make buyers cautious.