Oil prices hit by record US crude inventories, bearish Fed
LONDON: Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve’s projections that...
Stocks stage 261-point rally; index crosses 35,000 mark
KARACHI: After yesterday's lacklustre performance, indices of the Pakistan Stock Exchange (PSX) staged a rally on Wednesday, with the benchmark KSE-100 Index...
PSX settles flat at 34803.6 points
LAHORE: The Pakistan Stock Exchange (PSX) swung between red and green on June 9, finally settling at 34,803.60 points by the end...
Does Pakistan have the world’s highest inflation? No, says SBP
KARACHI: The State Bank of Pakistan (SBP) said that Pakistan's inflation for the year 2020 was not the highest in the world,...
Govt fails to rationalise tariff structure despite tall claims
ISLAMABAD: Despite making tall claims about 'tariff structure rationalisation after due consultations with stakeholders', the commerce ministry, industries & production ministry and...
Covid-19 global recession worst since World War II: WB
Pakistan’s GDP expected to contract 2.6pc for FY20, 0.2pc for FY21
Oil slips despite OPEC+ cuts as Gulf ends voluntary curbs
LONDON: Oil slipped on Monday after Saudi Arabia said that an extension of output cuts by OPEC+ nations would not include additional...
Omar Ayub irked over fuel shortage, forms body to identify ‘black marketers’
--Minister claims some elements creating 'artificial shortage of fuel' only to maximise their profits
--Orders cancellation of OMCs' licences if anyone found negligent
ISLAMABAD:...
Stocks rally 399 points amid improved sentiments
KARACHI: Bullish trend prevailed at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 accumulating over 400 points intraday amid...
Moot stresses ‘better training facilities’ for bankers
KARACHI: More resources and efforts need to be allocated on training bankers, according to former Standard Chartered Pakistan (SCBPL) CEO and president...
OPEC, Russia to extend record oil cuts to end of July
LONDON: OPEC, Russia and allies were set on Saturday to extend record oil production cuts through July after crude prices doubled in...
SOPs go down the drain as people throng markets
LAHORE: Despite the tall claims, the district administration and Punjab government have badly failed to enforce anti-coronavirus SOPs in local markets.
The scribe...
No new taxes in upcoming budget: Hafeez Shaikh
ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Shaikh has said the people fighting against coronavirus pandemic in the country would...
Fiscal deficit may surge to 9.4pc of GDP, Senate told
Hammad Azhar says FBR's collection likely to plunge by up to Rs900bn in the last quarter of FY20
‘Not a favour’: the govt had to cut fuel prices
With a maxed-out petroleum levy and a GST that can't go any higher without a mini-budget, the Rs7 discount wasn't even debatable