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),...
Experts welcome govt’s stimulus package, but deplore ‘nominal rate cut’
LAHORE: Exporters and economists on Tuesday welcomed the Rs1,200 billion 'stimulus package' announced by Prime Minister Imran Khan to financially support different...
CPEC projects to provide jobs, ensure economic uplift: PM
ISLAMABAD: Prime Minister Imran Khan on Tuesday said China-Pakistan Economic Corridor (CPEC) projects are vital for the development of Pakistan as these...
Govt announces Rs1.2tr financial package amid lockdowns
–Reduces petroleum prices by Rs15, announces tax funds for industries, slashes interest rate, allocates Rs200bn for labourers
–PM Imran says complete lockdown will...
SBP cuts key interest rate by 150bps to 11pc
KARACHI: The State Bank of Pakistan (SBP) has decided to cut the country’s policy rate from 12.5pc to 11pc in an emergency...
KSE-100 sinks 2,100 points amid virus uncertainty
KARACHI:Â The Pakistan Stock Exchange (PSX) took a massive beating on Tuesday, with the KSE-100 Index nosediving below the 29,000-mark intraday, triggering a...
COVID-19: Govt urged to waive electricity, gas bills for three months
LCCI president suggests govt to use marriage halls as quarantine centres amid shortage of healthcare facilities