Textile millers call for extension in debt repayment moratorium
'Under the prevalent circumstances, collection of sales tax will only hasten bankruptcies and usher in a serious depression'
Bulls charge back with 1,208-point rally; index crosses 29,000 mark
KARACHI: The Pakistan Stock Exchange (PSX) turned its fortunes on Tuesday, with the benchmark KSE-100 Index accumulating over 1,000 points to cross...
Eurozone inflation falls to 0.7% on plunging energy prices
Inflation in the eurozone fell in March, official data showed Tuesday, reflecting a major drop in energy prices as oil demand plummeted...
UN calls for $2.5 trillion coronavirus rescue package for developing countries
The United Nations has called for 2.5 trillion dollars coronavirus rescue package for developing countries to boost their resilience to further hardship...
SBP allows one-year moratorium on consumer loans’ principle
KARACHI: In a major development keeping in view the coronavirus situation, the State Bank of Pakistan (SBP) has said that banks and...
Govt approves Rs43m to set up media wing
ISLAMABAD:Â The federal cabinet has approved Rs42.791 million for the creation of a Digital Media Wing in the Ministry of Information and Broadcasting...
COVID-19: MoF suspends preparations for next fiscal budget
ISLAMABAD: The Ministry of Finance has suspended the budget preparations due to the ongoing COVID-19 pandemic.Â
"The ministry has suspended for the time...
COVID-19: ECC approves Rs1.2tr relief package
Also approves Rs75bn for FBR to payback sales tax and income tax refunds, duty drawbacks and customs duties which are due for last 10 years
MoC comes forward as exporters fear cancellation of orders
ISLAMABAD: As the country's exporters are faced with a loss of over $3 to $4 billion due to the global outbreak of...
Pakistan’s copper exports to China surge 400pc
BEIJING: Pakistan has confirmed a 400pc increase in the export of copper products to China during the last year.
According to a report...
Foreign outflows hit $1.65bn; net investment falls to Dec-19 level
KARACHI: Total gross divestment during March 2020 has reached $1.654 billion, according to data released by the State Bank of Pakistan (SBP),...
COVID-19: Banks take a hit on their spreads, lowest since April 2019
KARACHI: Pakistan’s banking sector spread fell by 33 basis points on a month-on-month basis to 5.37pc in February 2020. This is the...
Stocks dip 86 points in volatile session
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a volatile start to week, with the benchmark KSE-100 Index shedding 2.28pc intraday...
PPA fears poultry sector crisis amid major dip in demand
ISLAMABAD: Pakistan Poultry Association Spokesman Khalil Sattar has expressed serious concerns over an imminent possible cut in the supply of chicken and...
Govt likely to earmark Rs270bn in subsidies for FY21
ISLAMABAD:Â The federal government is likely to earmark Rs270 billion under the head of 'subsidies' for the next fiscal year (FY2020-21), Pakistan Today...