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...
T-bill outflows reach $2.6bn in 10 months Â
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now well below $1 billion, standing at $841 million,...
Govt assures businesses of complete support amid corona crisis
--Finance adviser says a 'comprehensive relief package' will soon be announced to address liquidity issues being faced by industries
--Constitutes five-member committee to...
SBP cuts policy rate by 200bps to 9pc
Centrak bank cites low global and Pakistan GDP forecasts as reason behind decision
Daraz e-commerce index shows growth in digital payments, online shopping
LAHORE: Daraz on Thursday launched Pakistan's first 'e-commerce index', providing insights on consumer behaviour and mapping the growth of the e-commerce industry...
Stocks add 87 points in range-bound session
KARACHI: Indices of the Pakistan Stock Exchange (PSX) traded within a narrow range on Thursday, with the benchmark KSE-100 Index closing in...
Oil near 18-year lows on demand devastation warning
Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a virus-triggered...