‘Railways losing Rs5bn per month due to lockdown’
LAHORE: Railways Minister Sheikh Rashid said on Saturday that train operations could only be restored across the country after the end of...
Lucky cement profit plunges 54% in Q3
LAHORE:Â The Board of Directors of Lucky Cement Limited (LUCK) met recently to review the company's performance and announced its financial results for...
Cement sector urges govt to reduce sales tax to 15% in budget
Want inspection-less regime to spur growth in industry
Expelled sugar commission head reveals industry malpractices
ISLAMABAD: Sajjad Mustafa Bajwa, who was excluded from the sugar inquiry commission on allegations of "leaking valuable information to sugar owners", has...
Weekly inflation rises 0.62pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on April 23 witnessed an increase of 0.62pc, Pakistan Bureau...
Retail sector may face Rs900bn loss during 45-day lockdown
LAHORE: The retail and wholesale sector in Pakistan has feared an accumulate loss of Rs900 billion during 45 days of the coronavirus-led...
Fertilisers face inventory glut as urea offtake drops 34pc in March
LAHORE: Urea offtake for March 2020 clocked in at 303,000 tonnes, down 34pc when compared with February 2020 and 26pc when compared...
Pakistan hasn’t received any foreign aid to fight corona, says PM Imran
ISLAMABAD:Â Prime Minister Imran Khan on Friday said that Pakistan has not received any financial assistance from any country or global organisation despite...
Govt’s intervention sought as ginning industry fights for survival
LAHORE: The Pakistan Cotton Ginners Association (PCGA) on Friday urged the government to formulate a strategy and recover Rs30 billion from textile...
Territorial disputes to hamper Diamer-Bhasha Dam progress
Harban tribe of Kohistan and Thor tribe of Diamer are both claiming ownership of 8km land in Gandlo Nala area
Stocks close flat in range-bound session
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Friday, with the benchmark KSE-100 Index failing to capitalise on...
Foreigners withdraw $59m from T-bills
KARACHI: It was too good to last. After weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on...
SBP raises Rs76bn from Sukuk auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs76.38 billion through auction of the five-year Government of...
IMF loan will reduce Pakistan’s financing risks: Moody’s
KARACHI: The International Monetary Fund’s disbursement of $1.4 billion to Pakistan is expected to reduce the country's financing risks, said Moody’s Investors...
Current account deficit shrinks 73pc in nine months
KARACHI: The country's current account deficit (CAD) decreased to $2.78 billion during the first nine months (three quarters) of FY20, a decline...