Jazz posts $2.09bn revenue for 1Q2020
ISLAMABAD: Veon, the parent company of Jazz Pakistan, has published financial results for the quarter ended 31st March 2020.
As per the financial...
SBP reserves rise $259m to $12.3bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $259 million to $12,329.4 million during the week...
Govt announces to exit lockdown from Saturday
ISLAMABAD:Â The government has decided to gradually lift the lockdown restrictions, imposed to contain the impact of coronavirus, from May 9 (Saturday), announced...
Govt forms special committee to streamline dairy sector
ISLAMABAD: The federal government on Thursday formed a special committee to ascertain the profit and loss situation in the country's dairy sector.
According...
Oil jumps on China export bounce but long-term outlook remains weak
LONDON: Oil prices jumped on Thursday on news that China’s exports unexpectedly rose last month, and on the back of US output...
Stocks succumb to selling pressure, index sheds 424 points
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to selling pressure on Thursday, with the benchmark KSE-100 Index, despite recovering losses accumulated in...
Asian equities turn negative as virus economic reality bites
Asian markets dropped Thursday as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism...
COVID-19: Uber lays off 14pc workforce worldwide, hints further ousters
Uber Pakistan's official says difficult decisions being taken to 'help protect company's long-term health'
Economic expert urges infusing more money to jump-start economy
ISLAMABAD:Â Economic expert and former secretary finance Dr Waqar Masood on Wednesday urged the federal government to print more money and distribute it...
Budget deficit reaches Rs1.68tr in nine months
–Expenditures clock in at Rs6.3tr against revenues of Rs4.6tr
–Govt spent Rs1.8tr on debt servicing, Rs802bn on defence, Rs31.8bn on education and Rs5.1bn...
Cement despatches decline 23pc in April
LAHORE: Following the closure of both export and domestic markets owing to COVID-19 outbreak, Pakistan's cement despatches declined by 23.65pc to 3.52...
Stocks lose 264 points in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the benchmark KSE-100 Index closing in the red despite...
Stocks enjoy further gains as virus restrictions are eased
Most equities rose again on Wednesday as investors grew increasingly, but cautiously, hopeful that the worst of the coronavirus had passed and...
ADB to provide Pakistan $305m to fight pandemic
ISLAMABAD: The Asian Development Bank (ADB) will provide $305 million to Pakistan to deal with the coronavirus pandemic in the country.
This was...
COVID-19: Pakistan’s exports plunge 54pc in April
ISLAMABAD: Owing to the closure of global markets amid COVID-19 outbreak, Pakistan's exports fell by a massive 54pc in April 2020, as...