IMF head sees worst economic downturn since Great Depression
WASHINGTON: The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries...
FBR proposes ‘electronic fiscal devices’ for integrated enterprises
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the installation of electronic fiscal devices for integrated enterprises.
The tax department on Thursday...
‘Ehsaas’: Capital administration disburses Rs9.6m among 8,000 beneficiaries
ISLAMABAD: The federal capital administration with the help of the Poverty Alleviation Division on Thursday disbursed Rs9.6 million among 8,000 beneficiaries under...
Foreign outflows reach $292m in April
KARACHI: Total gross divestment during April 2020 has reached $292 million, according to data released by the State Bank of Pakistan (SBP),...
SBP reserves drop $463m to $10.7bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $463 million to $10,722.5 million during the week...
Pakistan pledges $3m to fight coronavirus in South Asia
ISLAMABAD:Â Pakistan has pledged $3 million to the South Asian Association of Regional Countries (SAARC) COVID-19 Emergency Fund to support efforts in the...
Experts suggest duty-free import of sugar to curb cartelisation
LAHORE: Economic experts have recommended the government to lift the ban on sugar imports (allow duty free imports) and let the market...
Covid-19: UK, France, Germany hit by worst recession
ISLAMABAD: The coronavirus pandemic is battering the world’s major economies such as the UK, France, Germany and could trigger the deepest global...
SBP raises Rs458.8bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs458.8 billion through T-bills, against the auction target of...
Broiler chicken prices on the rise
LAHORE:Â Due to the improper supply, the price of broiler chicken price here in the provincial capital has increased by Rs21 per Kg...
Retailers seek liquidity support to survive virus lockdown
LAHORE: The official trade body of Pakistan’s retail sector has appealed the federal government extend liquidity support amid the coronavirus pandemic crisis...
Stocks drift lower amid lack of triggers
Benchmark KSE-100 sheds 260 points to end below 31,000-mark
LCCI seeks relaxation for small traders, shopkeepers
Lahore: Lahore Chamber of Commerce and Industry (LCCI) President Irfan Iqbal Sheikh has appealed to the government to give relaxation to small traders...
Razak assures to protect labour force, in-time payments to exporters
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has assured to protect the labour force, besides ensuring...
EU nations struggle to bridge bitter split over ‘coronabonds’
EU finance ministers struggled early Wednesday to bridge differences on how to rebuild their economies after the coronavirus, with Germany refusing Italy's...