SBP cuts policy rate by 200bps to 9pc
Centrak bank cites low global and Pakistan GDP forecasts as reason behind decision
Stocks add 87 points in range-bound session
KARACHI: Indices of the Pakistan Stock Exchange (PSX) traded within a narrow range on Thursday, with the benchmark KSE-100 Index closing in...
Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF
TOKYO: Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis...
Pakistan among 76 countries to get debt relief from May 1
–FM Qureshi says developing countries will get relief on both principal and interest amounts
–Relief will be given by all financial institutions, including...
Pakistan expected to get debt relief from May 1: FM Qureshi
Foreign Minister Shah Mahmood Qureshi has said Pakistan is expected to get debt relief from the 1st of May.
In an interview on...
Steel producers seek lockdown exemption to meet construction demand Â
ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has shown its surprise over the fact that the federal government has opted...
CDWP defers PC-I of Main Line-I Project for further evealuations
ISLAMABAD: The Central Development Working Party (CDWP) has deferred till its next meeting the PC-I of the $9.2-billion Karachi-Peshawar Main Line (ML-I)...
Manufacturing sectors seek tax deferment to avert corona crisis
LAHORE: The country's manufacturing sectors have demanded the government to defer the imposition of taxes, suggesting that instead of giving subsidies, taxes...
KSE-100 fails to sustain gains, closes flat
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday, as the indices oscillated in both directions before...
GDP growth likely to contract further in FY20: SBP
--Average headline inflation projected to remain broadly unchanged at 11-12pc
--SBP says stabilisation efforts yielded improvements during the first half of FY20
KARACHI: The...
Foreign divestment in T-bills reaches $412m in April
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now below $1 billion, standing at $951 million, according...
Provinces agree to reopen construction sector, says minister
ISLAMABAD: Economic Affairs Minister Hammad Azhar has said that all provinces have agreed to reopen the construction sector amid coronavirus lockdown.
Addressing a...
Covid-19 ‘Great Lockdown’ to shrink global economy by 3pc in 2020: IMF
WASHINGTON: The global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that...
COVID-19: Hafeez Shaikh hopeful of ‘debt relief’ for developing countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday expressed hope that financial and other forums...
Stocks add 189 points in volatile trade
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index swaying both ways...