Govt urged to facilitate exporters, manufacturers amid virus lockdowns
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the federal government and provinces to ease the coronavirus lockdown restrictions...
Govt extends Rs40,000 prize bond encashment date till June 30
ISLAMABAD: The federal government on Tuesday extended the date of encashment/redemption of Rs40,000 denomination national prize bonds for another three months.
“In term...
Trump calls for $2tr infrastructure bill to help economy during coronavirus crisis
WASHINGTON: President Donald Trump on Tuesday said the US Congress should pass a $2 trillion spending plan to update the country’s roads,...
Textile millers call for extension in debt repayment moratorium
'Under the prevalent circumstances, collection of sales tax will only hasten bankruptcies and usher in a serious depression'
New auto entrants demand tax relief to plug losses
LAHORE: New entrants in the country's auto sector, including Nishat Hyundai Motors Pakistan Limited (NHMPL) and Kia Lucky Motors Pakistan Limited (KLMPL),...
Ride-hailing service launches financial support initiatives for drivers
KARACHI: Ride-hailing company Careem has announced initiatives to support their captains (drivers) as mobility through ride-hailing becomes restricted due to the COVID-19...
Bulls charge back with 1,208-point rally; index crosses 29,000 mark
KARACHI: The Pakistan Stock Exchange (PSX) turned its fortunes on Tuesday, with the benchmark KSE-100 Index accumulating over 1,000 points to cross...
Dollar continues climb against rupee
The value of the US dollar slightly against the rupee as it depreciated by 60 paisa in interbank session
The rupee was closed...
Oil prices rebound strongly, WTI crude up more than 7%
Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by...
COVID-19: MoF suspends preparations for next fiscal budget
ISLAMABAD: The Ministry of Finance has suspended the budget preparations due to the ongoing COVID-19 pandemic.
"The ministry has suspended for the time...
MoC comes forward as exporters fear cancellation of orders
ISLAMABAD: As the country's exporters are faced with a loss of over $3 to $4 billion due to the global outbreak of...
FBR extends goods declaration period to 25 days
ISLAMABAD: Owing to the spread of coronavirus pandemic, the Federal Board of Revenue (FBR) has extended up to 25 days the time...
Healthcare start-up Dawaai raises seven-figure investment from Sarmayacar, Kingsway Capital
LAHORE: Online healthcare start-up Dawaai has raised investment from Pakistan-based Sarmayacar and London-based Kingsway Capital, a statement from Sarmayacar said.
Though the exact...
Foreign outflows hit $1.65bn; net investment falls to Dec-19 level
KARACHI: Total gross divestment during March 2020 has reached $1.654 billion, according to data released by the State Bank of Pakistan (SBP),...
Byco Petroleum suspends production amid low demand
KARACHI: Byco Petroleum Pakistan Limited has put its refinery on cold circulation due to “very low demand” for petroleum products.
Consumption of POL...