Foreigners divest $1.73bn in March
KARACHI: Total gross divestment during March 2020 reached $1.735 billion, according to data released by the State Bank of Pakistan (SBP), in...
SBP reserves drop $804m to $11.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $804 million to $11,185.6 million during the week...
Moody’s says SBP measures will help Pakistani banks
KARACHI: Moody's Investors Service on Thursday said in a new report that the recent measures taken by the State Bank of Pakistan...
WAPDA to award Diamer-Bhasha Dam contract this month
--'The project is divided into six major components, for which separate contracts will be awarded in a phased manner'
--'The dam part of...
Govt mulls borrowing Rs300bn to compensate for Rs1.2tr package
ISLAMABAD: The federal government is mulling to borrow Rs300 billion from different sources to meet expenses of the recently announced Rs1.2 trillion...
Stocks extend rally as index surpasses 30,000-mark
KARACHI: Continuing with the positive momentum from the previous session, indices of the Pakistan Stock Exchange (PSX) accumulated decent gains on Thursday,...
‘All resources being utilised to protect economy from virus impact’
--Hafeez Shaikh says after announcing a historic package, govt now striving to ensure transparent distribution of relief money
--Says all sales tax...
Export potential of Pakistani mango pulp stands at $500m in world market
LAHORE:Â The fruit pulp industry has urged the government to encourage the mango growers and exporters to go for conversion of mango fruit...
Pakistan to reduce LNG import from Qatar amid decline in consumption
ISLAMABAD: The government has decided to reduce the monthly import of Liquefied Natural Gas (LNG) from Qatar due to a significant decline...
FBR asked to expedite refund process to facilitate businessmen
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Wednesday directed the Federal Board of Revenue (FBR)...
Govt projects 5.1pc economic growth in next three years
Defence spending to be increased ‘in light of the geopolitical situation’
ICCI calls for ‘comprehensive strategy’ to plug losses caused by COVID-19
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has stressed the need to evolve a comprehensive strategy so...
COVID-19: Finance ministry waives conditions to release development funds
ISLAMABAD: The Ministry of Finance has waived conditions pertaining to the release of development funds for the last quarter (April-June) of the...
Govt committed to implementing export-driven growth strategy: Dawood
LAHORE: The federal government is committed to mitigating the challenges being faced by the country and in this regard would soon implement...
Stocks add 273 points in volatile trade
KARACHI: Bulls emerged as winner of what was a volatile session at the Pakistan Stock Exchange on Wednesday, with the indices recovering...