Stocks lose 282 points on selling pressure
KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding over 250 points amid...
SBP raises Rs146.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs146.5 billion through T-bills, against the auction target of...
Moot says budget must put people first
ISLAMABAD: Pakistan had 60 million people unemployed even before the pandemic, while the current crisis has added an estimated 20 million more,...
CDWP approves seven projects worth Rs24bn
ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday approved seven projects worth Rs24 billion and recommended one project worth Rs11.35 billion...
Govt’s measures helped contain Covid-19 damage to economy, says SBP governor
ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Wednesday said that the coronavirus outbreak had delayed but not derailed...
ECC approves firing all Pakistan Steel Mill employees
–Finance ministry to release Rs20bn compensation package for 9,350 employeesÂ
–ECC forms body to hedge oil prices, asks Finance Division to release Rs23bn...
Cement sales plunge 37.6pc in May
ISLAMABAD: The impact of construction package announced by the government is yet to be seen, as domestic cement uptake declined by a...
Dairy industry’s woes multiply as Covid-19 disrupts supply chain
LAHORE: Already dealing with many deep-seated issues such as financial insecurity, untrained manpower, unregulated market, fragile production base, seasonality of milk production...
Stocks fall flat amid lacklustre trade
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Wednesday, with the benchmark KSE-100 Index retreating all gains accumulated...
Cabinet approves policy for local manufacturing of mobile phones
ISLAMABAD: Following approval from the Economic Coordination Committee (ECC), the federal cabinet on Tuesday gave a go-ahead to the first-ever Mobile Device...
Dollar continues to gain value, reaches Rs164.08
In line with the recent trend, the value of US dollar continued to surge on Tuesday, as the greenback rose by another...
‘Hedging of oil price’ among 11 items on ECC’s agenda
ISLAMABAD: The Economic Coordination Committee (ECC), in its upcoming meeting, would take up an issue pertaining to the "hedging prices" for imported...
Cabinet approves export of PPE, hand sanitisers
Exports rise by 34pc in May; current account deficit contracts from $11.4bn in FY19 to $3.3bn
Minister calls for early completion of privatisation process
ISLAMABAD: The Financial Advisory Consortium (FAC) on Tuesday briefed the Privatisation Commission on the progress made in negotiations with various bidders regarding...
Stocks rally 386 points amid improved sentiments
KARACHI: After yesterday's lacklustre performance, indices of the Pakistan Stock Exchange (PSX) witnessed bullish movements on Tuesday, with the benchmark KSE-100 Index...