SBP removes limit on export consignments’ shipping documents
KARACHI: The State Bank of Pakistan (SBP), through a statement issued on Thursday, has allowed the exporters to directly dispatch shipping documents...
LESCO asked to ensure subsidised electricity for exporters
LAHORE: The All Pakistan Textile Mills Association (APTMA) has asked the Lahore Electric Supply Company (LESCO) to revise power tariff to the...
KSE-100 makes smart recovery after shedding over 1,900 points
KARACHI: It was another volatile day at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index slipping below the 29,000-mark during...
Razak announces coronavirus relief package for exportersÂ
Advisor to Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razak Daewood has assure exporters the government is fully aware...
SBP’s rate cut will not help improve country’s economy: Hafeez Pasha
Former Federal Finance Minister Dr Hafeez Pasha has said the State Bank of Pakistan (SBP) has not cut the policy rate keeping...
SECP links short selling with uptick rule in future market
In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan (SECP), in...
Public debt to remain 83pc of GDP in FY20
ISLAMABAD: The country’s public debt will remain 83 per cent of the Gross Domestic Product (GDP) during the current fiscal year (2019-20),...
Big industry contracts 3.4pc in seven months
ISLAMABAD: The Pakistan Bureau of Statistics on Wednesday reported that growth in the large-scale industries has contracted by 3.37pc in the first...
Are ‘market halts’ effective enough to ease investors’ panic?
Heightened market volatility witnessed during the past week and a half has triggered five market halts at the Pakistan Stock Exchange (PSX)....
Cotton arrivals fall 20.3pc to 8.57m bales
MULTAN: Seed cotton equivalent to 8.57 million bales reached ginneries across Pakistan till Mar 15, 2020, registering a 20.36pc shortfall compared to...
PSX continues to bleed, index sheds 2,200 points
KARACHI: Bears extended their control on the Pakistan Stock Exchange (PSX) on Wednesday, with the indices nosediving right from word go, triggering...
SMEDA aims to activate fruit dehydration unit in Swat this year
The Small and Medium Enterprises Development Authority (SMEDA) will make the Fruits Dehydration Unit in Swat operational by mid of this year.
This...
ECC approves Rs4.1bn grant to boost FBR’s capacity
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved a technical supplementary grant of Rs4,152 million for the Federal...
UK announces $400b package of govt-backed loans for business
LONDON: Britain has announced what finance minister Rishi Sunak called an “unprecedented package" of government-backed loans worth £330 billion ($400 billion, 363...
Pakistan, China vow to boost development under CPEC
–President Alvi lauds China’s efforts to fight coronavirus during official visit to China
–China says Kashmir dispute should be resolved peacefully in line...