FFC announces further cut in urea price
With an aim to support the farming community to reduce farm input cost, Fauji Fertilizer Company Ltd (FFC), the largest fertilizer manufacturing...
SBP reserves drop $690m to $11.9bn
KARACHI:Â Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $690 million to $11,989.2 million during the week ending...
SBP announces relief package for borrowersÂ
KARACHI: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have announced a relief package, amid growing concerns about...
Netflix reduces traffic on Pakistani networks by 25pc to ease congestion
Amid increased number of demands, Netflix has removed the highest bandwidth streams in Pakistan, as well as across Europe and UK. The...
KSE-100 falls flat after 962-point rally
KARACHI: The Pakistan Stock Exchange (PSX) witnissed a highly volatile session on Thursday, as the benchmark KSE-100 Index failed to sustain gains...
23 Bank Alfalah employees suspected of COVID-19; Lahore branch shut
At least 23 employees of Bank Alfalah are suspected of COVID-19, according to a media report, and an internal email.
On Wednesday, local...
Is cash in Pakistan’s economy expected to rise?
KARACHI: In the midst of the COVID-19 pandemic, there has been anecdotal evidence to suggest that demand for cash has increased. Much...
Wheat farmers face transportation issues amid lockdown in Sindh
LAHORE:Â Amid lockdown across the country in the aftermath of coronavirus outbreak, wheat farmers in Sindh are facing issues in transporting their harvested...
SBP raises Rs551.7bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs551.7 billion through T-bills, against the auction target of...
Dollar soars to Rs161 in interbank trade
The Pakistani Rupee depreciated by Rs2.6 against the US Dollar in Wednesday's interbank session.
The local currency closed the day's trade at...
Foreign divestment crosses $1.5bn mark
KARACHI:Â Total gross divestment during March 2020 has just reached $1.501 billion, according to data released by the State Bank of Pakistan (SBP),...
Bloodbath continues at PSX; index plunges 1,336 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Wednesday, with the KSE-100 Index nosediving to its six-year...
Textile exporters fear ‘severe liquidity crunch’, seek PM’s intervention
LAHORE: Textile exporters on Wednesday made an appeal to Prime Minister Imran Khan to intervene and ensure the suspension of sales tax...
Rupee falls to 162 against dollar in interbank
KARACHI: The Pakistani rupee was quoted to be trading at 162 in the interbank, sliding to its lowest since June 2019 in...
Trading at PSX suspended as KSE-30 plunges by 5%
Despite the Rs 1,000 billion huge relief package announced by the government to support the economy, trading at Pakistan Stock Exchange (PSX)...