PSX: 195 seconds of additional trade declared valid
KARACHI: Trade continued for 195 seconds beyond the scheduled closing at 1pm at the Pakistan Stock Exchange (PSX) on Friday (April 17).
This...
Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
Walmart Inc said late Friday it would hire 50,000 more workers at its stores, clubs and distribution centres to meet a surge...
$1.4bn COVID-19 emergency fund ‘additional’ to $6bn bailout package, IMF says
The International Monetary Fund (IMF) clarified on Saturday the disbursement of $1.4 billion to Pakistan to address the economic impact of the...
Telecom operators using ‘illegal’ BTS towers in Islamabad, probe reveals
ISLAMABAD:Â Telecom operators are providing services through 'illegal/unregistered' Base Transceiver System (BTS) towers in the federal capital, an inquiry report has revealed.
According to...
Pressure mounts on Imran ahead of sugar, wheat reports
ISLAMABAD:Â Multiple pressures are building over Prime Minister Imran Khan as the forensic audit report of the Federal Investigation Agency (FIA) probe report...
Pakistan’s 70pc labour force ‘working without formal paperwork’: report
KARACHI:Â As many as 70.3pc of the country's labour force "works without any written contract or agreement", according to a research report titled...
Dollar falls to Rs163.58 as rupee makes sharp recovery
KARACHI: The rupee made a significant recovery on Friday as the dollar fell by Rs3.3 to close at Rs163.58 in the interbank...
Govt launches fixed-tax scheme to woo builders, land developers
–Advance tax on auction of properties reduced to 5pc; sales tax on construction services in ICT brought to zero
–Incentive package to apply on...
Experts say rate cut ‘insufficient’ amid corona crisis
LAHORE: Economic experts and members of the business community believe that the 200bps rate cut announced by the State Bank of Pakistan...
Rupee climbs vs dollar after IMF approves $1.4b for PakistanÂ
The rupee strengthened by Rs2.6 or 1.5pc against the greenback on Friday after the International Monetary Fund (IMF) approved an amount of...
Asian stock markets rise on China GDP data
Asia markets posted healthy gains in Friday trade after official data in China showed the coronavirus pandemic had not hit economic growth...
Stocks stage 1,500-point rally after SBP’s rate cut
KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index accumulating almost 2,000 points intraday.
Following...
Oil climbs as Trump lays out reopening of virus-hit US
But prices found some support as traders headed into the weekend after Trump laid out guidelines for a reopening of the world's top economy — which accounts for the most virus deaths of any country.
SBP reserves rise $252m to $10.9bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $252 million to $10,974.6 million during the week...
Pakistan to export sanitisers, masks in wake of COVID-19
ISLAMABAD: As the country is currently importing testing kits, masks and other medical material to fight the coronavirus pandemic, the government has...