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...
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...
Sufficient stocks of food items available, says USC MD
ISLAMABAD: Utility Stores Corporation (USC) Managing Director Umar Lodhi said on Saturday that all utility store outlets were opened across the country...
Google-parent Alphabet to donate $800m in response to corona crisis
Alphabet Inc will donate more than $800 million (645 million pounds) in funds towards producing medical supplies used to fight COVID-19, and...
Telecom operators introduce new services to promote work from home
ISLAMABAD: All four telecom operators in the country have come forward with services facilitating work-from-home in the current circumstances owing to coronavirus...
Coronavirus inflicts Rs30bn loss on Pakistan’s economy
--'Banks will have to bear the burden of more non-performing loans, deferred mark-up payments, lower capital gains etc.'
--'Exports to suffer the most...
IMF chief says ready to help Pakistan avert corona crisis
'Our team is working expeditiously to respond to PM Khan's request so that a proposal can be considered by the IMF’s Executive Board as soon as possible'
Telcos call for ease in restrictions as lockdowns disrupt services
ISLAMABAD: As the usage of internet has increased 15pc due to lockdowns imposed across the country, the service providers are finding it...