Govt to utilise Rs 10b from PM’s Covid-19 fund for interest payment
ISLAMABAD: In a shocking move, Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government has allowed to divert Rs10 billion from the PM’s...
Foreign investors pull $26 billion out of Asian markets
WASHINGTON: Amidst the global economic recession due to the coronavirus pandemic, foreign investors have pulled out an estimated US$26 billion (Rs4,176 billion)...
Bank Al-Habib acquires Habib Asset Management LimitedÂ
Bank Al Habib Limited on Thursday revealed that it has acquired Habib Asset Management Limited (HAML) after receiving regulatory approvals from the...
India’s attempt to become world’s next factory is self-righteous
BEIJING: India’s attempt to replace China’s role in the global industrial chain and become the world’s next factory reflect nothing but nationalistic...
TRG Pakistan signs 5-year service agreement with US telecom provider
TRG Pakistan Limited on Thursday announced that one of its portfolio companies in the enterprise software industry has signed a pay-for-performance, five-year...
Rolls-Royce to cut at least 9,000 jobs
LONDON: The British makers of plane engines, Rolls-Royce, will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers...
Coronavirus: UK inflation dives on oil-price crash
LONDON: British inflation hit a near four-year low in April as oil prices crashed, official data showed Wednesday, with the rate set...
Selected bank branches to open on May 27: SBP
KARACHI: Banks and microfinance banks may open select branches on Wednesday, May 27, the State Bank of Pakistan (SBP) has said.Â
“In order ...
Khyber Pakhtunkhwa slashes uplift budget by 50 per cent
PESHAWAR:Â The Khyber Pakhtunkhwa government has slashed the developmental budget by 50 per cent for the ongoing financial year due to the coronavirus-induced...
SBP raises Rs167.3bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs167.3 billion through T-bills, against the auction target of...
PM Imran seeks debt relief to pump money into health sector
–PM says several developing countries don’t have fiscal space to strengthen healthcare system due to debt-servicing
–Says govt decided to ease lockdown due to...
‘Trade officers to be tasked to secure investments for FIEDMC’
Dawood says govt chalking out 'comprehensive solutions' to ensure sustainable economic growth in wake of Covid-19
PM says 70pc sukuk oversubscription shows strong market confidence
ISLAMABAD: Prime Minister Imran Khan on Wednesday said oversubscription of sukuk by 70pc was reflective of "strong market confidence in the government's...
NPMC calls for provision of food items at affordable prices
ISLAMABAD: The National Price Monitoring Committee (NPMC) has called on the authorities concerned as well as the provincial governments to coordinate their...
Pakistan will not seek relief on commercial loans’ repayment, ECC told
--Finance adviser says Pakistan 'has the means and will to honour its commercial commitments'
--Committee approves Rs360m for maintenance of Supreme Court buildings;...