Shell cuts dividend for first time since 1940s as oil demand collapses
Royal Dutch Shell cut its dividend for the first time in 80 years and suspended the next tranche of its share buyback...
Philip Morris factory becomes operational in Sahiwal
The Philip Morris (Pakistan) Limited (PMPK) became operational from April 29 (Wednesday ) in Sahiwal, informed the company in a statement to...
Half of world’s workers risk losing livelihoods in pandemic: ILO
UNITED NATIONS: Nearly half the global workforce – 1.6 billion people – are in “immediate danger of having their livelihoods destroyed” by...
PIDE predicts up to 14pc decrease in remittances
LAHORE: The Pakistan Institute of Development Economics (PIDE) has revealed in a report that due to Covid-19 crisis and turmoil in oil...
Big retailers assured of govt’s ‘all-out support’ during lockdown
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Wednesday appreciated the role that chain stores and tier-1 retailers played...
SCCI demands ‘rescue package’ for ailing CNG sector
PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) President Engr Maqsood Anwar Pervaiz on Wednesday demanded the government to announce a 'special...
OGRA proposes Rs20.6 cut in petrol price
Price of HSD, kerosene and LDO likely to fall by Rs33.94, Rs44.07 and Rs24.57 per litre
Stocks extend rally with 605-point gain
KARACHI: Continuing with the positive trend from the previous session, indices of the Pakistan Stock Exchange (PSX) remained in the green zone...
‘Federal budget in 1st week of June, to focus on mitigating people’s sufferings’
Hafeez Shaikh says under the upcoming 'corona-budget', provision of cash, food and employment will be ensured for masses
British Airways set to slash up to 12,000 jobs
LONDON: British Airways is to slash up to 12,000 jobs as part of a restructuring forced on the carrier by the fallout...
Int’l financial institutions start giving incentives to Pakistan: Hafeez
Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that international financial institutions have started giving incentives...
Cabinet okays three-week extension in sugar probe
PM orders ban on the export of all edible items, decision to be reviewed after two weeks
Govt, development partners weigh economic impact of COVID-19
--'Manufacturing and service sectors likely to take a significant hit in 2020'
--'Fiscal deficit could rise to 9.6pc of GDP, while poverty figures...
ADB to provide $15m concessional loan for urban development in Punjab
ISLAMABAD: Asian Development Bank (ADB) will provide Pakistan with a concessional loan worth $15 million for urban development projects in Punjab.
A signing...
Stocks rebound amid improved market sentiments
KARACHI: After a disappointing close to the previous session, the Pakistan Stock Exchange (PSX) turned its direction on Tuesday, with the indices...