Cement sector posts cumulative loss of Rs500m for 2QFY20
LAHORE: Pakistan’s cement sector has posted a cumulative loss of Rs500 million in the second quarter of FY20.
Shankar Talreja, a senior analyst...
Asian shares go down, as tensions ratchet up between US and North Korea
Tokyo: Asian stock markets slid Wednesday after President Donald Trump and North Korea traded threats over the North's nuclear program and Wall...
Karachi’s infrastructural uplift vital to boost exports, economic activities: PM
ISLAMABAD:Â Prime Minister Imran Khan on Friday said that being the engine of growth, uplift of the communications infrastructure and ports of Karachi...
APBF expresses concern over effects of current political conflict on economy
KARACHI
The ‘All Pakistan Business Forum’ (APBF) has expressed its concerns over the possible negative economic impact of the current political conflict if...
German business confidence drops for 6th straight month
The Ifo institute said its monthly index declined to 98.5 points from 99.3 in January, sinking to its lowest level since December 2014
Chinese Acting Ambassador congratulates Dr Shamshad on new assignment
ISLAMABAD: Acting Ambassador of the People’s Republic of China, Zhao Lijan on Friday felicitated Minister for Finance, Revenue, Economic Affairs, Statistics and Planning...
PIA may get another Rs10 billion bailout
Islamabad: Pakistan International Airlines could be slated to receive another bailout to the tune of Rs10b, as the government considers increasing its...
Covid-19: UK, France, Germany hit by worst recession
ISLAMABAD: The coronavirus pandemic is battering the world’s major economies such as the UK, France, Germany and could trigger the deepest global...
US weekly jobless claims unexpectedly fall
WASHINGTON:Â The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that...
Market Daily: Indices crumble along with rupee, shed 680.01 points
The KSE 100 dropped to an intraday low of 42,954.89 after a loss of 727.95 points before it settled down at 680.01 points at 43,002.83.
Prices for petroleum products may remain unchanged for September
Islamabad: The government has decided to maintain the same rates of petroleum products in the forthcoming month of September.
Credible sources disclosed that...
Palm oil imports surge by over 68pc in July
ISLAMABAD
The palm oil imports into the country surged by 68.56 per cent during the month of July 2017 compared to the same...
Crisis at India’s Jet worsens as it grounds planes, faces strike
Jet Airways is gasping under debts of more than $1bn and has now been forced to ground a total of 78...
SSGC intensifies effort to control natural gas theft
KARACHI
Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts...
‘Issuance, payment of promissory notes expected next month’
FBR chairman says the system will take its own course if people fail to fulfill their tax obligations
FAISALABAD:Â Federal Board of Revenue...