‘Govt to clear GST refunds within March, grant export rebates in April’
Hafeez Shaikh advises exporters to take care of their workers ‘just how govt is taking care of them’
Bulls return to bourse, lift KSE-100 by 537 points
KARACHI: Stocks staged a handsome recovery after a volatile session on Friday, as the indices oscillated in both directions before closing with...
PTCL, Ufone announce closure of sales & service centres till 31st
PTCL and Ufone have announced the closure of their sales & service centres and joint shops across Pakistan till March 31, 2020,...
World’s top debt funds lose billions in coronavirus rout
NEW YORK/LONDON: Coronavirus has hit the world’s biggest debt funds, which have lost billions of dollars in value, Morningstar data shows, while one...
US targets UAE-based firms for shipping Iranian oil
WASHINGTON: The United States on Thursday slapped sanctions on five companies based in the United Arab Emirates for allegedly shipping oil from...
Oil up after three-day plunge but coronavirus curbs gains
LONDON: US oil prices rose 10pc on Thursday after a three-day sell-off as the spread of the coronavirus and a battle for...
SBP reserves fall $110m to 12.6bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $110 million to $12,679.6 million during the week...
SBP removes limit on export consignments’ shipping documents
KARACHI: The State Bank of Pakistan (SBP), through a statement issued on Thursday, has allowed the exporters to directly dispatch shipping documents...
IMC launches Toyota Yaris in Pakistan
Yaris will be available in 1,300cc and 1,500cc engines, with starting price from Rs2.34m
LESCO asked to ensure subsidised electricity for exporters
LAHORE: The All Pakistan Textile Mills Association (APTMA) has asked the Lahore Electric Supply Company (LESCO) to revise power tariff to the...
KSE-100 makes smart recovery after shedding over 1,900 points
KARACHI: It was another volatile day at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index slipping below the 29,000-mark during...
Cash is king as emergency stimulus fails to stop stock market panic
The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and...
Oil prices rebound after ECB launches virus measures
Oil prices rebounded strongly Thursday a day after US crude hit its lowest level for 18 years, as the European Central Bank...
New York Stock Exchange to shut trading floor, keep electronic trade
NEW YORK: The New York Stock Exchange will halt activity on its trading floor due to the coronavirus (Covid-19) but remain open...
Public debt to remain 83pc of GDP in FY20
ISLAMABAD: The country’s public debt will remain 83 per cent of the Gross Domestic Product (GDP) during the current fiscal year (2019-20),...