Central bank may intervene in open market to stave off pressure on PKR

KARACHI: As pressure keeps mounting on the rupee in open market due to immense demand of the greenback, there are chances that...

Rolls-Royce to cut at least 9,000 jobs

LONDON: The British makers of plane engines, Rolls-Royce, will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers...

Pak signed FTAs with China, Sri Lanka, Malaysia so far, Senate told

ISLAMABAD: Minister for Commerce and Textile Muhammad Pervaiz Malik Friday informed the Senate that so far Pakistan has signed Free Trade Agreements...

CPEC-funded Multan-Sukkur Motorway to be operational by August

Sukkur-Multan motorway has a design speed of 120km per hour, and it is a two-way six-lane road with a contractual value...

Cutlery exports surge 1.68pc to $84m

ISLAMABAD: The cutlery exports from the country increased by 1.68pc during the first eleven months of the fiscal year 2018-19, as compared...

Finance Minister to launch Economic Survey 2016-17 today

Finance Minister, Senator Mohammad Ishaq Dar, will formally launch the Economic Survey 2016-17 on Thursday. The minister will share the key economic...

PFC hopes new govt will encourage local, foreign investment

ISLAMABAD: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Saturday greeted Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan for attaining premiership after...

Marble industry seeks relief package to boost exports, jobs

ISLAMABAD: The All Pakistan Marble Industries Association on Tuesday sought government’s support for the development of the marble industry, which has potential to...

Iran’s rial extends record fall as U.S. sanctions loom

The rial has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions

PASDEC, LCCI to develop mines and minerals

LAHORE The Lahore Chamber of Commerce & Industry and Pakistan Stone Development Company (PASDEC) on Monday, signed a Memorandum of Understanding, to ensure...

Govt on track to streamline dwindling economy: Asad Umar

ISLAMABAD: With a focus to reach out to the poor, the Pakistan Tehreek-e-Insaf government, despite inheriting worst financial and current account crisis, has...

Industry on edge as new proposition suggests 24-hour clearing period for stock trades 

The clearinghouse is looking to change the settlement time before changing the infrastructure