China suffers historic contraction as virus paralyses economy
China's economy shrank for the first time in decades last quarter as the coronavirus paralysed the country, in a historic blow to...
Stocks stage 1,500-point rally after SBP’s rate cut
KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index accumulating almost 2,000 points intraday.
Following...
Pakistan among 76 countries to get debt relief from May 1
–FM Qureshi says developing countries would get relief on both the principal and interest amounts
–Relief would be given by all financial institutions,...
SBP reserves rise $252m to $10.9bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $252 million to $10,974.6 million during the week...
T-bill outflows reach $2.6bn in 10 months Â
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now well below $1 billion, standing at $841 million,...
Govt assures businesses of complete support amid corona crisis
--Finance adviser says a 'comprehensive relief package' will soon be announced to address liquidity issues being faced by industries
--Constitutes five-member committee to...
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...