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
ECC approves multi-billion package to boost agriculture, support farmers
Package includes subsidy on fertilizers, cotton seed and white fly pesticides; reduced bank markup on agri loans; sales tax subsidy on local tractors
Stocks manage modest gains in range-bound session
KARACHI: The Pakistan Stock Exchange moved in a narrow range on Wednesday, with the benchmark KSE-100 Index closing a lacklustre day with...
Pakistan retains its place in MSCI Emerging Markets Index
Pakistan has successfully retained its upgraded status in the global MSCI Emerging Market (EM) Index, thereby averting the chances of being downgraded...
FFCL enters into resource sharing agreement with Askari Cement
Consequent to the approval of the Competition Commission of Pakistan (SECP), the Fauji Cement Company Limited (FCCL) has formally entered into resource...
Chinese, Pakistani companies conduct online trade negotiations
The Chinese and Pakistani companies conducted online trade negotiations through cloud network video technology on the first day of “2020 Zhejiang Export...
Aslam Iqbal urges traders to implement SOPs in markets
Punjab Minister for Industries and Trade Mian Aslam Iqbal has said that the government has opened the markets on the request of...