Facebook invests $5.7 billion in India’s telecom giant
Facebook said it would focus on collaborating its messaging platform WhatsApp with Reliance's e-commerce venture JioMart.
Facebook Inc announced a $5.7 billion investment...
Shield Corporation resumes plant operation for hygiene products
The Shield Corporation Limited (SCL) has resumed its plant and office operations for hygiene products from April 20, 2020 with strict precautionary...
Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't...
Govt to propose economic relief package before NCC : Hammad
The government will present a large package for needy and deserving people affected by coronavirus lockdown in a meeting of the National...
Rupee jumps Rs2.37 against dollar, closes at Rs161.12
Pakistani Rupee continued with the bullish trend on Tuesday, gaining Rs2.37 against US dollar in the interbank market to close at Rs161.12,...
ECC likely to approve Rs200bn relief package for daily wagers Â
ISLAMABAD: The Economic Coordination Committee (ECC) is likely to approve a Rs200 billion relief package for daily wagers whose livelihoods have been...
FBR loses Rs45bn revenue as fuel consumption drops
KARACHI: The Federal Board of Revenue (FBR) said on Tuesday that any further drop in the price of fuel, consumption of which...
Textile exporters call for restoration of zero-rating facility
APTMA chairman says it will be unfair to expect textile value chain to keep paying sales tax in the absence of cash flow
Bears return to bourse as index sheds over 1,000 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 nosediving over 1,100 points intraday.
Foreign investors changed...
3.8m internal migrant workers will likely be laid off as Covid-19 crushes economy
LAHORE: As many as 3.78 million internal migrant workers across the country are expected to be unemployed due to the outbreak of...
IMF says satisfied with Pakistan’s implementation of economic reforms
Pakistan’s inflation to fall to 4.8pc, debt-to-GDP ratio to 73pc in 2025
CCP’s performance ‘satisfactory’, says PM’s aide in inquiry report
ISLAMABAD: Adviser to Prime Minister on Institutional Reforms & Austerity Dr Ishrat Hussain has submitted to the government his inquiry report regarding...
What policy cut? Foreigners buy T-bills for the first time since Feb
KARACHI: In a surprising development, after weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on April 17,...
Stocks extend gains with 667-point rally
KARACHI: Continuing with the positive momentum from the previous session, the Pakistan Stock Exchange (PSX) managed to accumulate decent gains on Monday,...
KP govt fears 1.3m people could lose jobs if lockdown extended to 45 days
At least 1.3 million people could lose their jobs if a 45-day lockdown is put in place, a report prepared by the...