Foreign outflows cross $1.4bn mark
KARACHI: Total gross divestment during March 2020 has reached $1.406 billion, according to data released by the State Bank of Pakistan (SBP),...
Experts welcome govt’s stimulus package, but deplore ‘nominal rate cut’
LAHORE: Exporters and economists on Tuesday welcomed the Rs1,200 billion 'stimulus package' announced by Prime Minister Imran Khan to financially support different...
Engro slashes urea price by Rs240 per bag
ISLAMABAD: Engro Fertilisers on Tuesday announced a further reduction in urea prices by Rs240 per bag amid coronavirus crisis that is impacting...
SECP simplifies registration of life insurance products
ISLAMABAD: With an aim to promote ‘ease of doing business’ in the country, the Securities and Exchange Commission of Pakistan (SECP) on...
Swvl leads with initiatives to facilitate masses amid corona crisis
As the country comes to a standstill in an effort to prevent the further spread of the coronavirus, a lot of people...
KSE-100 sinks 2,100 points amid virus uncertainty
KARACHI:Â The Pakistan Stock Exchange (PSX) took a massive beating on Tuesday, with the KSE-100 Index nosediving below the 29,000-mark intraday, triggering a...
Azeem Iqbal Pirani appointed CEO of Pak-Qatar Family Takaful
Pak-Qatar Family Takaful recently announced the appointment of Azeem Iqbal Pirani as its new Chief Executive Officer (CEO), effective from March 2020.
Azeem...
PSX finally launches Exchange-Traded Funds
KARACHI: The Pakistan Stock Exchange (PSX) has finally launched its new product, Exchange-Traded Fund (ETF), according to a statement issued by the...
All bank branches, ATMs to remain open: SBP
KARACHI: The State Bank of Pakistan (SBP) has said that all bank branches and workplaces will remain open from March 24, according...
PM’s demand for ‘debt cancellation’ by IFIs lauded
Pakistan Industrial and Traders Associations Front (PIAF) has supported Prime Minister Imran Khan’s call on the international finance institutions (IFIs) to write...
Home work triggers demand jump for chips, laptops and network goods
SEOUL/TOKYO: With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network...
Germany prepares €150bn emergency budget in coronavirus package
BERLIN: Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses at...
FBR-Peshawar posts 100pc surge in FED collection
PESHAWAR: Federal Board of Revenue (FBR)-Peshawar has posted a 100pc surge in the collection of federal excise duty, as the department collected...
Negotiations lag on $1tr stimulus for virus-hit US
WASHINGTON: US lawmakers urgently negotiating a $1 trillion emergency package to salvage an economy ravaged by the coronavirus missed a Republican-imposed deadline...
PHMA urges govt to ensure job security for textile workers
'Govt must immediately announce a relief package to facilitate textile workers during the shutdown period'