No new taxes in upcoming budget: Hafeez Shaikh
ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Shaikh has said the people fighting against coronavirus pandemic in the country would...
Fiscal deficit may surge to 9.4pc of GDP, Senate told
Hammad Azhar says FBR's collection likely to plunge by up to Rs900bn in the last quarter of FY20
‘Not a favour’: the govt had to cut fuel prices
With a maxed-out petroleum levy and a GST that can't go any higher without a mini-budget, the Rs7 discount wasn't even debatable
Weekly inflation falls 0.42pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on June 4 witnessed a decrease of 0.42pc, Pakistan Bureau...
Stocks bounce back to recover overnight losses
Late buying helps KSE-100 Index gain 231 points
Govt foresees 2pc growth economic growth in FY21
ISLAMABAD: As the economic growth has come down to a negative 0.4 per cent after the outbreak of the Covid-19 pandemic, the...
Exports plunge 33pc to $1.39bn in May
ISLAMABAD: In line with the expectations, the country's exports witnessed a major setback during the month of May 2020, mainly due to...
In a first, Pakistan earns $6.2m through cigarette exports
Although Pakistan has been exporting tobacco raw material, this is the first time the country exported finished products
Food inflation on the rise despite reduction in POL prices
PESHAWAR: The prices of edible items remain high in provincial capital despite a record cut in oil prices and declining international rates...
Oil drops on US inventories and doubts over output cuts
LONDON: Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened...
US trade deficit widens as exports hit 10-year low
WASHINGTON: The US trade deficit surged in April as the Covid-19 pandemic upended the global flow of goods and services, pushing exports...
SBP reserves drop by a whopping $1.7bn
After suffering biggest weekly loss, SBP reserves now stand at $10.4bn
Stocks lose 282 points on selling pressure
KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding over 250 points amid...
SBP raises Rs146.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs146.5 billion through T-bills, against the auction target of...
CCP identifies challenges to competition in LPG sector
Commission recommends govt to introduce policy reforms, remove regulatory barriers, and put in place competitive LPG pricing framework to create level playing field in the sector