KSE-100 falls flat after 962-point rally
KARACHI: The Pakistan Stock Exchange (PSX) witnissed a highly volatile session on Thursday, as the benchmark KSE-100 Index failed to sustain gains...
NDMA gets Rs5bn ‘emergency grant’ to fight coronavirus
'The amount shall be utilised to ensure the provision of different types of personal protection equipment against COVID-19'
US Senate approves $2 trillion coronavirus economic, medical aid bill
In a recognition of the scale of the threat, the US Senate late Wednesday passed an unparalleled $2.2 trillion economic rescue package...
Dollar hit all time-high at Rs 167 intraday in intrabank market
The value of the US dollar against the rupee touched all time , reaching approximately 167/167.5 in the intrabank during early trading...
World Bank, IMF call for suspending debt payment by developing countries
The World Bank and International Monetary Fund (IMF) Wednesday urged upon its bilateral creditors to suspend debt payments from International Development Association...
Is cash in Pakistan’s economy expected to rise?
KARACHI: In the midst of the COVID-19 pandemic, there has been anecdotal evidence to suggest that demand for cash has increased. Much...
Wheat farmers face transportation issues amid lockdown in Sindh
LAHORE:Â Amid lockdown across the country in the aftermath of coronavirus outbreak, wheat farmers in Sindh are facing issues in transporting their harvested...
SBP raises Rs551.7bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs551.7 billion through T-bills, against the auction target of...
Govt seeks IMF’s help to insulate economy from coronavirus
–Hafeez Shaikh says Fund requested to provide additional $1.4bn to contain fallout, WB to provide $1bn
–Sys economy will slow down, Rs1.2tr announced...
Foreign divestment crosses $1.5bn mark
KARACHI:Â Total gross divestment during March 2020 has just reached $1.501 billion, according to data released by the State Bank of Pakistan (SBP),...
Bloodbath continues at PSX; index plunges 1,336 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Wednesday, with the KSE-100 Index nosediving to its six-year...
Textile exporters fear ‘severe liquidity crunch’, seek PM’s intervention
LAHORE: Textile exporters on Wednesday made an appeal to Prime Minister Imran Khan to intervene and ensure the suspension of sales tax...
Rupee falls to 162 against dollar in interbank
KARACHI: The Pakistani rupee was quoted to be trading at 162 in the interbank, sliding to its lowest since June 2019 in...
Are there any loopholes in Sindh govt’s efforts to safeguard employment?
On Monday, the Sindh government issued a decree by invoking Section 3(1) of Sindh Epidemic Diseases Act, 2014, whereby employers, private or...
Foreign outflows cross $1.4bn mark
KARACHI: Total gross divestment during March 2020 has reached $1.406 billion, according to data released by the State Bank of Pakistan (SBP),...