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
Weekly inflation falls 0.42pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on June 4 witnessed a decrease of 0.42pc, Pakistan Bureau...
Stocks bounce back to recover overnight losses
Late buying helps KSE-100 Index gain 231 points
Govt foresees 2pc growth economic growth in FY21
ISLAMABAD: As the economic growth has come down to a negative 0.4 per cent after the outbreak of the Covid-19 pandemic, the...
Exports plunge 33pc to $1.39bn in May
ISLAMABAD: In line with the expectations, the country's exports witnessed a major setback during the month of May 2020, mainly due to...
In a first, Pakistan earns $6.2m through cigarette exports
Although Pakistan has been exporting tobacco raw material, this is the first time the country exported finished products