T-bill outflows reach $2.6bn in 10 months  

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...

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...