SBP meets EFP for suggestions on workers’ wages refinance scheme
KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir met with the directors of the Employers Federation of Pakistan (EFP) to discuss...
No Ramzan bazaars in Punjab this year
LAHORE: Punjab Chief Minister (CM) Sardar Usman Buzdar has recommended that ramzan bazaars should not be set up anywhere in the province this year...
CDWP defers PC-I of Main Line-I Project for further evealuations
ISLAMABAD: The Central Development Working Party (CDWP) has deferred till its next meeting the PC-I of the $9.2-billion Karachi-Peshawar Main Line (ML-I)...
Manufacturing sectors seek tax deferment to avert corona crisis
LAHORE: The country's manufacturing sectors have demanded the government to defer the imposition of taxes, suggesting that instead of giving subsidies, taxes...
KSE-100 fails to sustain gains, closes flat
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed another volatile session on Wednesday, as the indices oscillated in both directions before...
GDP growth likely to contract further in FY20: SBP
--Average headline inflation projected to remain broadly unchanged at 11-12pc
--SBP says stabilisation efforts yielded improvements during the first half of FY20
KARACHI: The...
Foreign divestment in T-bills reaches $412m in April
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now below $1 billion, standing at $951 million, according...
Gold price surges to record Rs100,400 per tola
The gold price reached an all-time high of Rs100,400 in Pakistani markets on Tuesday, the All Sindh Saraf and Jewellers Association (ASSJA)...
Provinces agree to reopen construction sector, says minister
ISLAMABAD: Economic Affairs Minister Hammad Azhar has said that all provinces have agreed to reopen the construction sector amid coronavirus lockdown.
Addressing a...
Stocks add 189 points in volatile trade
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index swaying both ways...
CMOs request NADRA to reduce biometric verification charges
ISLAMABAD: The first meeting of the Committee on Issues of Cellular Mobile Operators was held on Monday under the chair of IT...
WB considering to enhance funding for Pakistan to combat COVID-19
ISLAMABAD:Â The World Bank (WB) is considering to increase funding to $1 billion for Pakistan to respond to the coronavirus outbreak.
WB Country Director...
‘Looming recession’: Experts suggest govt to push for rescheduling of foreign loans
LAHORE: Economic experts have suggested the government to try and convince international donors to reschedule loans for Pakistan so that the country...
Mineral Development Corporation approves ‘lucrative package’ for newly appointed MD
ISLAMABAD: After getting approval from the federal government, the Board of Directors of the Pakistan Mineral Development Corporation (PMDC) has endorsed a...
Pakistan’s exports likely to drop by 19.7pc in FY20: WB
ISLAMABAD: The World Bank has forecast that if the novel coronavirus (COVID-19) lasts longer than expected, Pakistan's exports could plunge by 19.7pc...