Pakistan retains its place in MSCI Emerging Markets Index
Pakistan has successfully retained its upgraded status in the global MSCI Emerging Market (EM) Index, thereby averting the chances of being downgraded...
UK economy shrinks 5.8% in March, most on record
LONDON: Britain’s economy shrank by a record 5.8 percent in March from February as the coronavirus crisis escalated and the government ordered...
Uber approaches Grubhub with acquisition offer
Uber Technologies Inc is in talks to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar...
Oil falls as top US scientist warns of reopening risks
Oil prices fell Wednesday after the US government's top infectious disease expert warned that ending lockdowns in the world's biggest economy too...
Big industry contracts 23pc in March
ISLAMABAD: As the government had imposed a partial lockdown during the month of March owing to COVID-19 outbreak in the country, growth...
NBP’s income jumps 11.5pc to Rs108bn, AGM told
ISLAMABAD: The 71st annual general meeting of the National Bank of Pakistan was informed on Tuesday that total income of NBP closed...
Govt constitutes 10th National Finance Commission
--Centre includes resources for security and natural disasters/calamities as part of NFC ToRsÂ
--President allows finance adviser to chair NFC in absence of...
FBR urged to abolish 3pc further tax on sales to unregistered persons
ISLAMABAD: The Federal of Pakistan Chamber of Commerce and Industry (FPCCI), in its budgetary proposals for the next fiscal year (FY21), has...
Bourse turns bullish over improved investor sentiment
KSE-100 gains 319 points on expectations of a further rate cut; construction of dams
Saudi Aramco Q1 net profit slides 25% as oil prices plunge
Saudi Arabian state oil giant Aramco on Tuesday reported a 25 per cent fall in first-quarter net profit, below analyst estimates, hurt...
Stocks down on fears over second wave as lockdowns ease
Fears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday, bringing a dose of...
Pakistan cannot fight Covid-19 without medicinal imports from India: PPMA
KARACHI: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has warned the federal government that any decision to discontinue the import of raw material...
Experts explain govt’s decision to hedge oil prices
KARACHI: The Petroleum Ministry, in consultation with Habib Bank, JP Morgan, Standard Chartered Bank, and Citi Bank, has advocated hedging a proportion...
Covid-19 lockdown dampens business optimism in Pakistan: D&B report
Only 19pc respondents anticipate increase in sales revenue, whereas 16pc expect decline in number of employees post Covid-19
Remittances remain steady despite COVID-19 crisis
KARACHI: Overseas Pakistani workers remitted $1,790.0 million in April 2020, a fall of $104.4 million or 5.5pc, when compared with $1,894.4 million...