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...
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...