Covid-19 lockdown dampens business optimism in Pakistan: D&B report
Only 19pc respondents anticipate increase in sales revenue, whereas 16pc expect decline in number of employees post Covid-19
Remittances remain steady despite COVID-19 crisis
KARACHI: Overseas Pakistani workers remitted $1,790.0 million in April 2020, a fall of $104.4 million or 5.5pc, when compared with $1,894.4 million...
Pakistan gets $1.8bn loan rescheduled from friendly countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Monday that $1.8 billion worth of loans...
SBP to announce monetary policy on 15th
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (May 15) in Karachi to decide the country’s monetary policy.
The...
Stocks close flat amid lack of triggers
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Monday, with the benchmark KSE-100 Index closing flat amid a...
Asian shares push higher as more countries ease lockdowns
SYDNEY:Â Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some...
Oil prices drop amid supply glut, fears of second coronavirus wave
SINGAPORE: Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to...
Mazda Motor seeks $2.8bn in loans to ride out pandemic
TOKYO: Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride...
Railways reduces cargo fares for commodities by 10pc
LAHORE: Pakistan Railways (PR) has decided to reduce the fare for transporting coal, fertiliser, electricity, cement and other commodities by 10pc, said...
Services trade deficit shrinks 30pc in nine months
ISLAMABAD: The country's services trade deficit witnessed a reduction of 30pc during the first three quarters of the current financial year as...
Karachi traders seek clarity over lockdown situation
KARACHI: All Pakistan Organization of Small Traders and Cottage Industries (APSTCI)-Karachi President Mahmood Hamid has said that Sindh Chief Minister Syed Murad...
Tobacco exports surge 60pc to $28.7m
The export of tobacco from the country witnessed an increase of 60.67pc during the first three quarters of the financial year 2019-20,...
Historic collapse: Pandemic destroys 20.5m US jobs in April
WASHINGTON:Â The coronavirus lockdown wiped out 20.5 million US jobs in April, destroying nearly all the positions created in the previous decade in...
Govt to present next year’s budget on June 5
--Expenditure target for FY21 to be fixed at Rs10.4tr
--Rs600bn to be spent on development projects; Rs200bn on corona-related programmes
ISLAMABAD:Â The federal government...
Philip Morris plans to launch heated tobacco device in Pakistan
PMPKL managing director urges govt to formulate necessary legislation for distribution of such products