PSX retracts intraday gains to close 318 points lower
KARACHI:Â The Pakistan Stock Exchange (PSX) started the trading session on a positive note, but retraced its intraday gains to close in the...
Rising current account deficit may force Pakistan to seek IMF bailout
Karachi: Pakistan’s current account deficit (CAD) which has risen to $2.5 during July, is affecting the country’s economy amidst dwindling foreign exchange...
Senate panel to discuss impact of rupee devaluation on economy
ISLAMABAD: The State Bank of Pakistan (SBP) will brief the Senate’s Standing Committee on Finance and Revenue tomorrow (Tuesday) regarding the recent devaluation...
Urea offtake down 35pc, DAP sales up 6pc YoY in December
On a cumulative basis, urea offtake decreased 3pc YoY to 6.04m tonnes in 2020
Govt increases fertiliser prices by Rs10 per bag
Razaq Dawood says govt withstood the pressure from fertiliser industry and only made a nominal hike
Says in order to facilitate...
SECP approves vital regulations for capital market, corporate governanceÂ
ISLAMABAD:Â Â The Securities and Exchange Commission of Pakistan (SECP) in its Commission meeting has passed regulations concerning capital market, insurance and corporate governance.
In...
Punjab focuses on cotton cultivation, subsidies to get quality yield
LAHORE:Â There is a complete ban on the cultivation of cotton in the province before the start of April due to chances of...
ABAD raises voice against illegal construction in Karachi
KARACHI: Illegal construction without No Objection Certificate (NOC) from the relevant department is a serious problem in Karachi and the Association of...
Interest rate may come down next month: Hafeez Shaikh
Finance adviser says shortfall in FBR target will be met through non-tax revenue of Rs1.2tr
Dar’s ministry took loans from banks without knowledge of cabinet or parliament
ISLAMABAD: Finance Minister Senator Ishaq Dar has taken heavy loans worth more than Rs 800 billion from the banks to run the...
IMF proposes sweeping changes for next NFC award
ISLAMABAD: Pakistan has been directed by International Monetary Fund (IMF) to make substantial changes to the National Finance Commission (NFC) award.
The Washington-based...
Finance ministry proposes rise in regulatory duties to rein in imports
The levying of additional regulatory duties would fetch the national exchequer an additional $1.12 billion, which will assist in reining in the trade deficit
US factory orders barely rise; shipments fall further
Manufacturing, which accounts for about 12pc of the economy, is losing momentum as the stimulus from last year's $1.5 trillion tax cut...
Pakistan seeks roll over of existing $1b, pursues additional $300m from Bank of China
Senate committee concludes deliberations on Finance Bill, makes recommendations for finalization
ADB sells $4.5b two-year global bonds in largest-ever single tranche outing
MANILA, PHILIPPINES:  The Asian Development Bank (ADB) returned to the US dollar bond market on March 31 with the pricing of a...