COVID-19 economic impact can reach $8.8 trillion globally:Â ADBÂ
MANILA, PHILIPPINES: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross...
Turkey seeks global funding help to gird against lira shock
ANKARA: Turkey's government has appealed to foreign allies in an urgent search for funding, three senior Turkish officials said, as it prepares...
Pakistani company to manufacture Remdesivir within 8 weeks: Dr Zafar
A Pakistani pharmaceutical company has concluded its voluntary licensing agreement with US pharmaceutical company Gilead for the manufacture and sale of Remdesivir.
Pandemic clouds US-China trade deal: Trump
WASHINGTON: US President Donald Trump said on Thursday he was very disappointed in China over its failure to contain the novel coronavirus,...
Pakistan lauds IMF’s support to address economic impact of COVID-19
Minister for Economic Affairs Makhdum Khusro Bakhtyar has appreciated the IMF's support of 1.386 billion dollar under the Rapid Financing Instrument to...
Up to 36 million have sought US jobless aid since virus hit
WASHINGTON: Nearly 3 million laid-off workers applied for US unemployment benefits last week as the viral outbreak led more companies to slash...
SBP reserves fall $59m to $12.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $59 million to $12,270.7 million during the week...
Lockdown damaged economy severely, says PM
ISLAMABAD:Â Prime Minister Imran Khan on Thursday said the countrywide lockdown was only a stopgap measure to contain the coronavirus which has so...
Moody’s says Pakistan’s B3 rating under review for downgrade
KARACHI: Moody's Investors Service (Moody’s) has placed the government of Pakistan’s local and foreign currency long term issuer and senior unsecured B3...
Exporters urged to adapt to global changes post-coronavirus
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood has stressed the need to exploit economic and trade opportunities expected in...
Pakistan’s deficit and poverty rate to soar due to coronavirus
--As per estimates, poverty headcount will rise from 24.3pc to a base case of 29pc, and a worst-case scenario of 33.5pc
--At least...
Hafeez Shaikh expects 2pc GDP growth in next fiscal year
ISLAMABAD: With current projections of -1.5 GDP growth rate owing to the impact of COVID-19 pandemic, the country's economy would turn around...
Fertiliser sector helps stocks add 111 points
KARACHI: Following the recent trend, indices of the Pakistan Stock Exchange (PSX) continued to move in a narrow range on Thursday, with...
Is another policy cut on the horizon? Analysts certainly think soÂ
Profit survey of 16 brokerage houses shows that many believe a cut of 100 basis points is likely, based on decreasing inflation
Urea inventory may surge to over one million tonnes by year-end
Compared to the same period of last year, urea sales declined 18pc to 240,000 tonnes in April