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...
Foreign outflows reach close to $1bn
KARACHI: Total gross divestment during March 2020 has reached $995 million, according to data released by the State Bank of Pakistan (SBP),...
Moody’s lowers growth forecast for Pakistan to 2.5pc for FY20
ISLAMABAD: As Moody’s Investor Service says global spread of new coronavirus (COVID-19) will significantly slow economic growth, the global rating agency on...
Textile sector, economists ‘disappointed’ with SBP’s new interest rate
'SBP should waive interest rates for three months and freeze all repayments till coronavirus situation improves'
Motorbike, three-wheeler sales drop 9.6pc
ISLAMABAD: The sale of motorbikes and three-wheelers witnessed a decline of 9.68pc during the first eight months (July-February) of the current financial...
Stocks plunge over 1,000 points as coronavirus intensifies in Pakistan
KARACHI: After registering its biggest decline in a decade yesterday, the Pakistan Stock Exchange (PSX) continued with its downward trajectory on Tuesday,...
Coronavirus will devastate economies of developing nations: PM
Imran Khan urges world to write off loans of countries to help cope with coronavirus
Prime Minister Imran Khan has urged the world...