Stocks stage 842-point comeback rally
KARACHI: The Pakistan Stock Exchange (PSX) took a much needed breather on Friday, with the benchmark KSE-100 Index recovering some of the...
MoC lauded for safeguarding textile sector amid corona crisis
LAHORE: The textile industry on Friday lauded the timely measures taken by the Ministry of Commerce (MoC) in resolving its issues, including...
SBP launches online portal for FX-related cases
KARACHI: The State Bank of Pakistan has launched a Regulatory Approval System (RAS) for cases related to foreign exchange policy and operations,...
COVID-19: Pakistan approaches multilateral creditors to seeks debt moratoriumÂ
ISLAMABAD: In the wake of the coronavirus outbreak in the country, Pakistan has approached multilateral creditors to seek debt moratorium, a local...
Rupee makes sharp recovery against dollar
KARACHI:Â After suffering a massive loss in early trade on Friday morning, the Pakistani Rupee made a sharp recovery against the US dollar...
OMCs asked to cancel oil import orders as demand drops
ISLAMABAD: The Ministry of Energy (Petroleum Division) has directed all oil marketing companies and refineries to cancel their planned import of motor...
FFC announces further cut in urea price
With an aim to support the farming community to reduce farm input cost, Fauji Fertilizer Company Ltd (FFC), the largest fertilizer manufacturing...
SBP reserves drop $690m to $11.9bn
KARACHI:Â Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $690 million to $11,989.2 million during the week ending...
SBP announces relief package for borrowersÂ
KARACHI: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have announced a relief package, amid growing concerns about...
Netflix reduces traffic on Pakistani networks by 25pc to ease congestion
Amid increased number of demands, Netflix has removed the highest bandwidth streams in Pakistan, as well as across Europe and UK. The...
KSE-100 falls flat after 962-point rally
KARACHI: The Pakistan Stock Exchange (PSX) witnissed a highly volatile session on Thursday, as the benchmark KSE-100 Index failed to sustain gains...
23 Bank Alfalah employees suspected of COVID-19; Lahore branch shut
At least 23 employees of Bank Alfalah are suspected of COVID-19, according to a media report, and an internal email.
On Wednesday, local...
Is cash in Pakistan’s economy expected to rise?
KARACHI: In the midst of the COVID-19 pandemic, there has been anecdotal evidence to suggest that demand for cash has increased. Much...
Wheat farmers face transportation issues amid lockdown in Sindh
LAHORE:Â Amid lockdown across the country in the aftermath of coronavirus outbreak, wheat farmers in Sindh are facing issues in transporting their harvested...
SBP raises Rs551.7bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs551.7 billion through T-bills, against the auction target of...