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...
Askari Bank seeks PSX approval to hold 28th AGM under webinar arrangements
KARACHI: In the light of the government's restrictions on public gatherings and Securities and Exchange Commission of Pakistan (SECP)’s cautions due to...
Gold price declines Rs6,200 in one week
KARACHI: The price of 24 karat gold dipped by Rs6,200 in the past one week and was traded Rs89,000 per tola on...
All CPEC projects to be completed on time: FM Qureshi
Foreign Minister Shah Mahmood Qureshi says China and Pakistan are committed to advance construction of the flagship project China Pakistan Economic Corridor...
Imran Khan vows to save economy from negative impacts of coronavirus
ISLAMABAD: Prime Minister Imran Khan has underlined the government's priority to save the economy from the negative impacts of the coronavirus and...
February FDI sees highest percentage rise since 2017
KARACHI: Foreign Direct Investment (FDI) in Pakistan rose 151pc to $289 million in February 2020, compared to $151 million in February last...
POL prices likely to be slashed by up to Rs25 per litre
ISLAMABAD: In light of 40pc decline in the price of Arab Light crude oil, Prime Minister Imran Khan has advised the Ministry...
Textile exports up 3.68pc in seven months
ISLAMABAD: Textile exports from the country during the first seven months of the current financial year grew by 3.68pc as compared to...
Horticulture exporters fear huge losses amid border closures
ISLAMABAD: As borders have been closed and the services of international airlines have been suspended in wake of coronavirus outbreak, the exporters...
ECNEC approves six projects worth over Rs100bn
Approved projects include Rs15.2bn Winder Dam and Rs22.9bn Kachhi Canal in Balochistan