Oil rises as producers trim output
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as...
Asian stocks rise ahead on US stimulus, oil rebound
WASHINGTON/SYDNEY: Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise...
SBP receives $1.4bn emergency fund from IMF
KARACHI: The State Bank of Pakistan (SBP) has received $1.39 billion from the International Monetary Fund (IMF).
“SBP has received $1.39bn under Rapid...
SBP raises Rs435.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs435.5 billion through T-bills, against the auction target of...
MCB profit rises 33pc to Rs6.6bn in Q12020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Wednesday to review the bank’s performance and announce its financial...
COVID-19: KCCI wants policy rate reduced to 4pc
KARACHI:Â Karachi Chamber of Commerce & Industry (KCCI) President Agha Shahab Ahmed Khan has urged the State Bank of Pakistan (SBP) to bring...
KSE-100 ends in green after volatile session
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Wednesday, with the benchmark KSE-100 Index managing to...
SBP relaxes its loan scheme to facilitate small businesses
KARACHI: The State Bank of Pakistan (SBP) has added further incentives to its recently introduced temporary scheme for businesses to get loans...
Asia stocks fall after US crude collapses for second day
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic...
Rupee strengthens as dollar continues to shed value
Falling demand coupled with a surge in supply pushed the dollar's price in the open market on Wednesday in early trade and...
Oil falls again as coronavirus ravages energy markets
Brent crude plunged more than 12 percent to below $17 a barrel Wednesday while US oil erased early gains and fell, as...
Oil crash means more misery ahead for US shale producers
An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies...
Rupee jumps Rs2.37 against dollar, closes at Rs161.12
Pakistani Rupee continued with the bullish trend on Tuesday, gaining Rs2.37 against US dollar in the interbank market to close at Rs161.12,...
How can Pakistan gain from the oil price crash?
Following black gold's black Monday, a number of Pakistanis have been wondering how the country can cash in on the situation.Â
As per...
ECC likely to approve Rs200bn relief package for daily wagers Â
ISLAMABAD: The Economic Coordination Committee (ECC) is likely to approve a Rs200 billion relief package for daily wagers whose livelihoods have been...