Punjab textile millers seek exemption from lockdown
LAHORE: The All Pakistan Textile Mills Association (APTMA)-Punjab on Friday urged the provincial government to exempt textile mills from the ongoing lockdown,...
Airlift services to remain suspended till 30th
LAHORE: Bus sharing service Airlift has said that its services will continue to remain suspended till April 30, 2020.
The announcement was made...
Chemical manufacturers urge govt to facilitate clearance of goods
LAHORE: Pakistan Chemical Manufacturers Association (PCMA) Chairman Abrar Ahmad has urged Prime Minister Imran Khan and Adviser to PM on Commerce Abdul...
Tech companies lay off employees, decrease salaries as uncertainty looms
LAHORE: Prominent software houses and tech companies have decreased the size of their workforce as well as reduced the salaries of their...
KSE-100 extends rally, registers highest-ever weekly gain
KARACHI: The stock market extended its rally on Friday, with the benchmark KSE-100 settling higher by 839.12 points at 31,621.79 points.
Among other...
Foreigners divest $1.73bn in March
KARACHI: Total gross divestment during March 2020 reached $1.735 billion, according to data released by the State Bank of Pakistan (SBP), in...
SBP reserves drop $804m to $11.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $804 million to $11,185.6 million during the week...
Moody’s says SBP measures will help Pakistani banks
KARACHI: Moody's Investors Service on Thursday said in a new report that the recent measures taken by the State Bank of Pakistan...
Stocks extend rally as index surpasses 30,000-mark
KARACHI: Continuing with the positive momentum from the previous session, indices of the Pakistan Stock Exchange (PSX) accumulated decent gains on Thursday,...
Covid-19: Software house Netsol announces layoffs, pay cuts
NetSol Technologies, Pakistan's largest software house, has announced a 20-30pc cut in salaries across the board and has laid off several employees.
According...
Global stocks suffer another rout as coronavirus crisis deepens
Global stocks experienced another rout Thursday as the human and economic toll from the coronavirus continued to rise and more governments shut...
Pakistan to reduce LNG import from Qatar amid decline in consumption
ISLAMABAD: The government has decided to reduce the monthly import of Liquefied Natural Gas (LNG) from Qatar due to a significant decline...
ICCI calls for ‘comprehensive strategy’ to plug losses caused by COVID-19
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has stressed the need to evolve a comprehensive strategy so...
‘World economy could contract by 11pc in first-half 2020’
DUBAI: Blackrock’s Managing Director Amer Bisat said on Wednesday that the world economy could contract by 11pc in the first half of...
Stocks add 273 points in volatile trade
KARACHI: Bulls emerged as winner of what was a volatile session at the Pakistan Stock Exchange on Wednesday, with the indices recovering...