Oil falls again as coronavirus ravages energy markets
Brent crude plunged more than 12 percent to below $17 a barrel Wednesday while US oil erased early gains and fell, as...
Oil crash means more misery ahead for US shale producers
An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies...
Rupee jumps Rs2.37 against dollar, closes at Rs161.12
Pakistani Rupee continued with the bullish trend on Tuesday, gaining Rs2.37 against US dollar in the interbank market to close at Rs161.12,...
How can Pakistan gain from the oil price crash?
Following black gold's black Monday, a number of Pakistanis have been wondering how the country can cash in on the situation.Â
As per...
ECC likely to approve Rs200bn relief package for daily wagers Â
ISLAMABAD: The Economic Coordination Committee (ECC) is likely to approve a Rs200 billion relief package for daily wagers whose livelihoods have been...
Textile exporters call for restoration of zero-rating facility
APTMA chairman says it will be unfair to expect textile value chain to keep paying sales tax in the absence of cash flow
Bears return to bourse as index sheds over 1,000 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 nosediving over 1,100 points intraday.
Foreign investors changed...
Muted Ramadan, Eid amid pandemic slam seasonal rise in palm oil demand
The palm oil market is set to miss out on a key high-demand period in 2020 as coronavirus-driven lockdowns during the holy...
What is a negative crude future and does it mean anything for consumers?
Supply of fuel has been far above demand since the coronavirus forced billions of people to stop traveling. Because of oversupply, storage...
Dollar falls to 161.50 in interbank market
The rupee made a significant recovery in the money market on Tuesday as the dollar fell and is currently trading at trading...
SBP sets Zakat nisab at Rs46,329 for 2020
KARACHI: The government on Monday set the ‘nisab for Zakat’ at Rs46,329 for the current year, a statement from the State Bank of...
CCP’s performance ‘satisfactory’, says PM’s aide in inquiry report
ISLAMABAD: Adviser to Prime Minister on Institutional Reforms & Austerity Dr Ishrat Hussain has submitted to the government his inquiry report regarding...
What policy cut? Foreigners buy T-bills for the first time since Feb
KARACHI: In a surprising development, after weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on April 17,...
Foreign Direct Investment rises 92pc in March
KARACHI: Foreign Direct Investment (FDI) in Pakistan rose 92pc to $279 million in March 2020, compared to $145 million in March last...
HabibMetro’s income falls 5pc in first quarter
KARACHI: The Board of Directors of Habib Metropolitan Bank Ltd (HMB) met on Friday to review the bank’s performance and announce its...