Completion of cattle market project at Arifwala delayed as govt withholds funds
LAHORE: Progress on the establishment of a model cattle market in Arifwala, in Punjab’s Pakpattan district has been hampered due to lack...
KP assigns 19 departments to collect Rs49.2bn revenue for FY21
PESHAWAR: Khyber Pakhtunkhwa (KP) government has assigned responsibility to 19 departments to collect revenue estimated at Rs49.2 billion for FY21.
The provincial government...
Govt taking institutional measures to speed up CPEC projects, says Hafeez Shaikh
ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Friday said that the government is taking several institutional...
Stocks rebound with 229 points rally
LAHORE: Recovering the losses made in the previous session, the Pakistan Stock Exchange (PSX), on Friday, gained 229.86 points finally settling at...
Pakistan to diversify exports into engineering, pharmaceutical products, says Razak Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday said that Pakistan is rapidly diversifying its...
Global output to contract by 3.6pc in 2020: Fitch Solutions
KARACHI: Global output will contract by 3.6 per cent in 2020, but rebound by 4 per cent in 2021, according to Fitch...
SBP reserves fall below $10bn
KARACHI: The net foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $146 million to $9.961 billion during...
Gold loses Rs2,300, falls to Rs102,800 per tola
ISLAMABAD: The per tola price of 24 karat gold stood at Rs102,800, after falling by Rs2,300 on Thursday, compared to its price...
Business community welcomes 100bps cut in policy rate
Businessmen laud govt’s economic policies, seek further reduction in policy rate to spur growth
Government releases Rs6.2bn for textile industry to resolve liquidity issues, encourage exports
LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an additional grant...
Stocks fall 325 points as selling pressure persists
KARACHI: In line with the downtrend witnessed in global stock markets, the Pakistan Stock Exchange (PSX) remained in the negative territory throughout...
Motorbike, three-wheeler sales drop 25.7pc in 11 months
ISLAMABAD: The sale of motorbikes and three-wheelers plunged by 25.72pc during the first 11 months of the financial year 2019-20, as compared...
Covid cut: SBP slashes interest rate to 7pc
--This is the fifth rate cut since coronavirus pandemic hit the global economy, with total reduction being 625bps in the last 100...
Current account records surplus of $13m in May
This is the first time a surplus has been recorded since October 2019
Senate recommends 40 amendments in Finance Bill 2020
–Senators call for raise in salary, pensions, more allocations for health, education sectors
–Reject 11pc proposed cut in share of provinces in NFC...