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...
Oil falls as top US scientist warns of reopening risks
Oil prices fell Wednesday after the US government's top infectious disease expert warned that ending lockdowns in the world's biggest economy too...
Big industry contracts 23pc in March
ISLAMABAD: As the government had imposed a partial lockdown during the month of March owing to COVID-19 outbreak in the country, growth...
NBP’s income jumps 11.5pc to Rs108bn, AGM told
ISLAMABAD: The 71st annual general meeting of the National Bank of Pakistan was informed on Tuesday that total income of NBP closed...
Govt constitutes 10th National Finance Commission
--Centre includes resources for security and natural disasters/calamities as part of NFC ToRsÂ
--President allows finance adviser to chair NFC in absence of...