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...
Petrol crisis caused by increased demand, reduction in smuggled fuel from Iran, says Nadeem Babar
ISLAMABAD: Special Assistant to the Prime Minister on Petroleum Division Nadeem Babar while briefing the federal cabinet regarding the on-going petrol crisis...
Covid-19: IMF revises down Pakistan’s FY21 growth forecast to 1pc
Forecast for ongoing fiscal year also revised from 1.5pc to -0.4pc
Stocks end flat amid dull, directionless trade
KARACHI: After cumulatively adding around 600 points in the first two days of the week, the Pakistan Stock Exchange (PSX) moved within...
Govt prioritises privatisation of two RLNG-based power plants
ISLAMABAD: A meeting of the Privatization Commission was held on Wednesday to discuss the privatisation status of entities included in the government's...
Cabinet body mulls ways to reform bad-performing SOEs
Finance ministry attributes the poor performance of state entities to 'lack of technical expertise and specialised skills, excessive interference, and over-regulation by multiple govt agencies'
Will foreign inflows bring stability to the rupee?
KARACHI/LAHORE: After a week of downward pressure on the currency, the Pakistani rupee appreciated 29 paisas against the United States (US) dollar...
Govt exempts taxes on import of remdesivir
The government has exempted the taxes and duties on the import of remdesivir — a drug that has shown “clear-cut” improvement in...
Pakistan seeks Saudi investment in tourism sector
ISLAMABAD: Special Assistant to the Prime Minister (PM) for Overseas Pakistanis Syed Zulfikar Bukhari, on Tuesday, urged the Saudi Minister for Tourism...