PPA fears poultry sector crisis amid major dip in demand

ISLAMABAD: Pakistan Poultry Association Spokesman Khalil Sattar has expressed serious concerns over an imminent possible cut in the supply of chicken and...

Govt likely to earmark Rs270bn in subsidies for FY21

ISLAMABAD: The federal government is likely to earmark Rs270 billion under the head of 'subsidies' for the next fiscal year (FY2020-21), Pakistan Today...

Govt urged to renegotiate terms with IMF to fight off corona impact   

Pakistan must renegotiate its terms and conditions for the current Extended Fund Facility (EFF) with the International Monetary Fund (IMF) amid the...

Foreign outflows approach $1.6bn

KARACHI: Total gross divestment during March 2020 has just reached $1.579 billion, according to data released by the State Bank of Pakistan...

Coronavirus inflicts Rs30bn loss on Pakistan’s economy

--'Banks will have to bear the burden of more non-performing loans, deferred mark-up payments, lower capital gains etc.' --'Exports to suffer the most...

IMF chief says ready to help Pakistan avert corona crisis

'Our team is working expeditiously to respond to PM Khan's request so that a proposal can be considered by the IMF’s Executive Board as soon as possible'

Weekly inflation drops 1.25pc  

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation (as on March 26) for the combined consumption group witnessed a decrease of 1.25pc...

Telcos call for ease in restrictions as lockdowns disrupt services

ISLAMABAD: As the usage of internet has increased 15pc due to lockdowns imposed across the country, the service providers are finding it...

Stocks stage 842-point comeback rally

KARACHI: The Pakistan Stock Exchange (PSX) took a much needed breather on Friday, with the benchmark KSE-100 Index recovering some of the...

COVID-19: Pakistan approaches multilateral creditors to seeks debt moratorium 

ISLAMABAD: In the wake of the coronavirus outbreak in the country, Pakistan has approached multilateral creditors to seek debt moratorium, a local...

Govt will not allow businesses to go bankrupt due to cash flow: Dawood

Adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razzak Dawood on Thursday said the government would neither allow a...

KSE-100 falls flat after 962-point rally

KARACHI: The Pakistan Stock Exchange (PSX) witnissed a highly volatile session on Thursday, as the benchmark KSE-100 Index failed to sustain gains...

NDMA gets Rs5bn ‘emergency grant’ to fight coronavirus

'The amount shall be utilised to ensure the provision of different types of personal protection equipment against COVID-19'

US Senate approves $2 trillion coronavirus economic, medical aid bill

In a recognition of the scale of the threat, the US Senate late Wednesday passed an unparalleled $2.2 trillion economic rescue package...

Dollar hit all time-high at Rs 167 intraday in intrabank market

The value of the US dollar against the rupee touched all time , reaching approximately 167/167.5 in the intrabank during early trading...