Oil drops 5pc on China-US tensions, demand doubts
LONDON: Oil fell 5pc on Friday to around $34 a barrel as tensions rose between the United States and China, and doubts...
Business community irked over six-day closure of banksÂ
ISLAMABAD: At a time when the lockdown had eased after two months and business activities had picked up sharply with the advent...
Current account deficit shrinks 51pc to $572m in April
KARACHI: The country’s current account deficit in April 2020 stood at $572 million, a decline of 50.9pc when compared to the $1.165...
SBP raises Rs75bn from Sukuk auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs74.617 billion through auction of the five-year Government of...
Forensic probe accuses major sugar mills of market manipulation, fraud
–Shahzad Akbar says sugar mills operating like 'cartels', six major groups control 51pc supply
–JDW among mills accused of underreporting sales; Tareen denies...
Import of hazardous plastic scrap surges to 65,000 tonnes
Continuous increase in imports suggest Pakistan has become a dumping ground for global hazardous waste shipments
SBP reserves drop $141m to $12.1bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $141 million to $12.129 billion on a weekly...
ECC approves country’s first Mobile Device Manufacturing Policy
--Policy includes removal of regulatory duty, fixed sales tax on CKD/SKD manufacturing by PTA-approved manufactures
--Locally manufactured phones to be exempted from 4pc...
Stocks end lower as investors remain cautious ahead of Eid holidays
KARACHI: The Pakistan Stock Exchange (PSX) moved within a narrow range ahead of Eid holidays, with the benchmark KSE-100 Index closing a...
Rolls-Royce to cut at least 9,000 jobs
LONDON: The British makers of plane engines, Rolls-Royce, will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus hammers...
BOP’s profit drops to Rs1.5bn in Q12020
LAHORE: The Board of Directors of The Bank of Punjab (BOP) met recently to consider and approve the unaudited financial statements for the...
‘Trade officers to be tasked to secure investments for FIEDMC’
Dawood says govt chalking out 'comprehensive solutions' to ensure sustainable economic growth in wake of Covid-19
SECP Appellate Bench to conduct online hearings to facilitate companies
ISLAMABAD: In order to facilitate companies and ensure health and safety of all concerned, the Security and Exchange Commission of Pakistan (SECP)...
NPMC calls for provision of food items at affordable prices
ISLAMABAD: The National Price Monitoring Committee (NPMC) has called on the authorities concerned as well as the provincial governments to coordinate their...
Oil up on lower US stocks, firmer demand
LONDON: Oil prices firmed on Wednesday on signs of improving demand and a drawdown in US crude inventories, but worries over the...