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...
Inflation drops to seven-month low in March
CPI inflation further slows from 12.4pc in Feb to 10.24pc in March
PSX announces only one trading session on Friday
The Pakistan Stock Exchange has announced that only one trading session would be held on Friday.Â
In a notice sent here to all...
Oil subdued in Asian trade
The US crude was higher in Asian trade Wednesday but sentiment remained subdued as Saudi Arabia floods the market with oil and...
Asian markets mostly higher but coronavirus uncertainty casts shadow
Asian markets were mostly up Wednesday after suffering a diabolical first quarter, while traders weigh trillions of dollars in global stimulus with...
British cybersecurity firm launches ‘VST Pakistan’
British cybersecurity company founded by tech entrepreneur Louis-James Davis has announced that it is to formally launch a new subsidiary in Pakistan...