Virus fears wipe $393bn off China’s stock market despite govt support moves
SHANGHAI/HONG KONG: Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about...
Faisalabad businessmen announce ‘complete traffic jam strike’ on Feb 10
FAISALABAD: The Joint Action Committee (JAC) of Faisalabad’s Trade & Industry has unanimously decided to observe a “Complete Traffic Jam Strike” against the...
FBR revenue increases 17pc in Jan; returns surge 40pc in 2019
ISLAMABAD: The Federal Board of Revenue (FBR) has released tax revenue collection figures for the month of January 2020 as well as...
Nosheen Javed to head FBR in Zaidi’s absence
ISLAMABAD: In the absence of the Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the federal government has appointed Member Admin Nosheen Javed...
PARCO refinery shuts down for 53-day maintenance
ISLAMABAD: Pak-Arab Oil Refinery Limited (PARCO) has shut down its refinery for approximately two months due to initiation of repair and maintenance...
Inflation jumps to record 14.6pc
–Highest recorded inflation since PTI took office in August 2018
–Analysts say inflationary pressure will ease in few months
KARACHI: The inflation rate has...
Chinese regions unveil credit support for virus-hit firms
BEIJING/SHANGHAI: Financial regulators in Guangdong province in southern China, Chengdu and Beijing have unveiled detailed measures to support firms hit by the coronavirus...
7MFY20: FBR shortfall clocks in at Rs103bn
ISLAMABAD: Shortfall in the Federal Board of Revenue's revenue during the first seven months of the current fiscal year (FY20) was recorded...
Petrol price remains unchanged for February
The government has decided to keep the price of petrol unchanged for the month of February.
The Oil and Gas Regulatory Authority (OGRA)...
Oil falls as virus outbreak shakes growth predictions
NEW YORK: Oil prices fell on Friday, on track for a fourth straight weekly loss, on mounting worries about economic damage from...
PSX no longer recognises AMCAP Securities
KARACHI: The Pakistan Stock Exchange (PSX) has cancelled the Trading Rights Entitlement (TRE) of AMCAP Securities Ltd, according to a statement released...
Regal Automobiles launches 800cc hatchback Pearl Prince
Priced at Rs1.049m, the car comes with EFI engine, power windows and steering, multimedia system and a three-year warranty
Income tax deadline extended till Feb 28
The Federal Board of Revenue (FBR) on Friday extended the deadline to file income tax returns till February 28, 2020, to facilitate...
LPG price slashed by Rs111 per 11.8kg cylinder
The Oil and Gas Regulatory Authority (OGRA) on Friday issued a price-revision notification of liquefied petroleum gas (LPG) for the month of...
Exxon quarterly profit falls 5.2pc on weak refining, chemical margins
HOUSTON: Exxon Mobil Corp reported a 5.2pc drop in fourth-quarter profit on Friday, as assets sales propped up flat year-over-year oil and...