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...

Car sales plunge 43pc in eight months

ISLAMABAD: The sale and production of cars dipped by 43.37pc and 45.83pc, respectively, during the first eight months of the current financial...

COVID-19: Banks take a hit on their spreads, lowest since April 2019

KARACHI: Pakistan’s banking sector spread fell by 33 basis points on a month-on-month basis to 5.37pc in February 2020. This is the...

Stocks dip 86 points in volatile session

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a volatile start to week, with the benchmark KSE-100 Index shedding 2.28pc intraday...

Oil prices at 17-year lows as virus ravages world

Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world...
Global stock markets

Asian markets resume losses as stimulus joy fades

Asian markets fell Monday following a steep drop on Wall Street as the jubilation from last week's enormous US stimulus package faded...

Govt urged to ensure smooth supply of medicines

Pharma Bureau says distributors are not being allowed to move freely despite exemption from lockdowns

IMF chief: ‘Clear we have entered recession’

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief...

ICCI calls for ‘urgent remedial measures’ to stabilise exchange rate

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has urged the government to strengthen the exchange rates in...

COVID-19: CNG owners fear closures, demand ‘special relief package’

PESHAWAR: Owners and dealers of Compressed Natural Gas (CNG) have demanded the government to announce a 'special financial relief package' for the...