COVID-19 economic impact can reach $8.8 trillion globally:Â ADBÂ
MANILA, PHILIPPINES: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross...
SBP reserves fall $59m to $12.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $59 million to $12,270.7 million during the week...
Lahoris violate SOPs after government reopens markets
LAHORE:Â The Punjab government and its administrative institutions could not enforce the standard operating procedures (SOPs) defined to curb the spread of coronavirus,...
Lockdown damaged economy severely, says PM
ISLAMABAD:Â Prime Minister Imran Khan on Thursday said the countrywide lockdown was only a stopgap measure to contain the coronavirus which has so...
Moody’s says Pakistan’s B3 rating under review for downgrade
KARACHI: Moody's Investors Service (Moody’s) has placed the government of Pakistan’s local and foreign currency long term issuer and senior unsecured B3...
CCP launches ‘paperless’ merger application system
In order to facilitate the local and foreign investors intending to invest in Pakistan through mergers, acquisitions, and joint ventures, the Competition...
Pakistan’s deficit and poverty rate to soar due to coronavirus
--As per estimates, poverty headcount will rise from 24.3pc to a base case of 29pc, and a worst-case scenario of 33.5pc
--At least...
Rupee recovers to Rs160.1 against dollar
ISLAMABAD: The exchange rate of Pakistani Rupee strengthened by 84 paisas against the US Dollar in the interbank market on Thursday, closing...
Fertiliser sector helps stocks add 111 points
KARACHI: Following the recent trend, indices of the Pakistan Stock Exchange (PSX) continued to move in a narrow range on Thursday, with...
Is another policy cut on the horizon? Analysts certainly think soÂ
Profit survey of 16 brokerage houses shows that many believe a cut of 100 basis points is likely, based on decreasing inflation
ECC approves multi-billion package to boost agriculture, support farmers
Package includes subsidy on fertilizers, cotton seed and white fly pesticides; reduced bank markup on agri loans; sales tax subsidy on local tractors
Stocks manage modest gains in range-bound session
KARACHI: The Pakistan Stock Exchange moved in a narrow range on Wednesday, with the benchmark KSE-100 Index closing a lacklustre day with...
Pakistan retains its place in MSCI Emerging Markets Index
Pakistan has successfully retained its upgraded status in the global MSCI Emerging Market (EM) Index, thereby averting the chances of being downgraded...
UK economy shrinks 5.8% in March, most on record
LONDON: Britain’s economy shrank by a record 5.8 percent in March from February as the coronavirus crisis escalated and the government ordered...
Uber approaches Grubhub with acquisition offer
Uber Technologies Inc is in talks to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar...