China to stimulate private investment, accelerate ‘new infrastructure’ development
BEIJING: China will cut fees on a large scale to stimulate private-sector investment and also accelerate the development of “new infrastructure” to...
Economist Atif Mian suggests ‘national lockdown’ to combat COVID-19
'Lockdown will give Pakistan essential time to build critical capacities and plan ahead'
COVID-19: Govt exempts 61 vital medical equipment from taxes
ISLAMABAD: The government on Friday exempted 61 compulsory medical-related equipment and machinery from taxes amid COVID-19 pandemic.
As per a notification issued by the...
Firdous hints two-week lockdown as coronavirus cases surge
ISLAMABAD/KARACHI: As the first coronavirus patient died in Karachi, the Sindh government on Friday urged citizens to practice self-isolation for three days whereas...
SECP asks companies to divert CSR activities to COVID-19 prevention
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday advised all companies to divert their Corporate Social Responsibility (CSR) activities...
Saudi Arabia announces emergency stimulus, expects wider deficit
RIYADH/DUBAI: Saudi Arabia announced emergency stimulus measures on Friday that took its support for the economy to more than $32 billion as it...
‘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