FBR urged to abolish 3pc further tax on sales to unregistered persons
ISLAMABAD: The Federal of Pakistan Chamber of Commerce and Industry (FPCCI), in its budgetary proposals for the next fiscal year (FY21), has...
Bourse turns bullish over improved investor sentiment
KSE-100 gains 319 points on expectations of a further rate cut; construction of dams
Saudi Aramco Q1 net profit slides 25% as oil prices plunge
Saudi Arabian state oil giant Aramco on Tuesday reported a 25 per cent fall in first-quarter net profit, below analyst estimates, hurt...
Stocks down on fears over second wave as lockdowns ease
Fears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday, bringing a dose of...
Pakistan cannot fight Covid-19 without medicinal imports from India: PPMA
KARACHI: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has warned the federal government that any decision to discontinue the import of raw material...
Experts explain govt’s decision to hedge oil prices
KARACHI: The Petroleum Ministry, in consultation with Habib Bank, JP Morgan, Standard Chartered Bank, and Citi Bank, has advocated hedging a proportion...
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...