US grants emergency approval to Gilead’s COVID-19 drug remdesivir

WASHINGTON: Gilead Science Inc's antiviral drug remdesivir was granted emergency use authorisation by the US Food and Drug Administration for COVID-19 on...

UK’s minister lauds Pakistan’s Billion Tree Programme

Britain Minister for Pacific, Climate and Forests Zac Goldsmith has hailed Pakistan's Billion Tree Programme. In a tweet, he termed the tree program...

More and more borrowers benefitting from relief package: SBP

The State Bank of Pakistan has said that more and more borrowers are benefiting from its relief package to extend loan principal...

PM Imran vows to protect workers from COVID-19 crisis

PM says govt aims to develop integrated systems for workers’ welfare institutions

Smart lockdown to protect daily wagers, labourers: info minister

ISLAMABAD: Information and Broadcasting Minister Senator Shibli Faraz said on Friday the federal government adopted the concept of smart lockdown under the...

‘Transit trade’: Pak-Afghan borders opened for five days a week

PESHAWAR: Pakistan has decided to open for five days a week Torkham and Chaman border crossings in order to facilitate bilateral and...

‘Govt making all-out efforts to minimise virus impact on economy’

Hammad Azhar says Centre and provinces are on same page in determining as to what industries should be opened during lockdown

COVID-19: SBP enhances financing limit for hospitals

KARACHI: The State Bank of Pakistan (SBP) has increased the financing limit for a hospital from Rs200 million to Rs500 million, under...

Fears of cement manufacturers grow amid rising costs, taxes  

LAHORE: The country’s cement manufacturers have warned that they are at a stage if the losses (3QFY20 losses) keep mounting, they fear large...

SBP reserves rise $1.9bn to $12bn

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1,181 million to $12,070.3 million during the week...

Proposals for tariff rationalisation evaluated; sub-committee formed

ISLAMABAD: As various sectors had demanded the Ministry of Commerce and other relevant authorities to review the existing tariff structure keeping in...

Pakistan likely to miss FY20 export target by $3bn, Dawood says

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood has said that the country's export target of $25 billion would not...

ECNEC approves Rs175bn to settle Diamer-Basha land issues

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Thursday approved Rs175.43 billion to address land and resettlement issues pertaining...

PM’s aide calls for concerted efforts to achieve macroeconomic goals

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday emphasised upon the need for better coordination...

Bulls continue impressive run, index gains 952 points

After crashing by 23pc in March, KSE-100 posts 16pc recovery in April