Cabinet members condemn textile ministry for disregarding farmers
ISLAMABAD: Ministry of Textile Industry has been condemned by cabinet members for protecting interests of influential industries and disregarding cotton farmers.
The cabinet...
China’s central bank to issue own cryptocurrency in Nov
BEIJING: China plans to issue its own cryptocurrency as early as Nov 11, the country’s busiest shopping day for online sales, US financial...
Pakistan to borrow $1bn from China, as traditional lenders withhold loans
LAHORE: As inflows from traditional lenders are expected to fall below budgeted projections, Pakistan has initiated talks with a Chinese financial institution...
Market daily: bears return to work as PSX stocks take a dip
LAHORE
Investors at the Pakistan Stock Exchange (PSX) saw the indices bleed again on Wednesday. After a day’s calm, bears were back at work...
Volkswagen to invest over $2bn in Chinese electric vehicle sector
BEIJING: Volkswagen, the German car company, said Friday it will invest around €2 billion ($2.2 billion) in two Chinese companies in the...
Pakistan implements IMF’s e-GDDS for data transparency
ISLAMABAD: Pakistan has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary...
PIA, PSM privatisation guaranteed if present govt remains in power
ISLAMABAD: Advisor to Prime Minister on Finance, Revenue and Economic Affairs Division Miftah Ismail hinted that if the Pakistan Muslim League (PMLN)Â was...
FPCCI extends invitation to foreign investors for investment in Pakistan’s agriculture sector
Islamabad: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail on Tuesday said that Pakistan offers huge...
PM reiterates govt’s commitment to investor facilitation
ISLAMABAD:Â Prime Minister Imran Khan said on Friday that the government was committed to providing an enabling environment to the investors so that...
KSE-100 recovers to close 64 points higher
KARACHI:Â After bleeding for most part of the day, the Pakistan Stock Exchange (PSX) managed to stand its ground and ended the session...
FPCCI lauds ECO summit, terms it milestone
Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has hailed the 13th summit of Economic Cooperation Organization (ECO) held on Wednesday...
ECC constitutes committee to oversee implementation on Ramadan Package
Finance minister says budgetary needs of many organisations were not assessed properly during the preparation of last year's budget
ISLAMABAD:Â The Economic...
SBP reserves drop $59m to $12.8bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell 0.45pc on a weekly basis, according to data released...
Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't...
Bulls charge back with 1,208-point rally; index crosses 29,000 mark
KARACHI: The Pakistan Stock Exchange (PSX) turned its fortunes on Tuesday, with the benchmark KSE-100 Index accumulating over 1,000 points to cross...