‘Rate cut imminent’, analysts predict ahead of monetary policy meeting
KARACHI: As the State Bank of Pakistan (SBP) is all set to announce its monetary policy later this week, almost all major...
Saudi Arabia, Russia raise stakes in oil standoff
DUBAI/MOSCOW: Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its...
Engro closes Karachi office after employee tests positive for Covid-19
KARACHI: An employee of Engro Corporation has tested positive for Covid-19, also known as the novel coronavirus.
According to an internal memo issued...
KSE-100 rebounds after Monday’s rout
KARACHI: After taking a thrashing in the previous session, the Pakistan Stock Exchange (PSX) managed to recover some of its losses on...
Rupee falls as foreign investors flee
KARACHI: The rupee declined 0.7 percent on Tuesday, making a cumulative two- day decline of 2.1 percent, the highest in eight months.Â
As...
Rs 20-25 cut in petrol price expectedÂ
LAHORE: Rs 20-25 cut in petrol price is expected in the country following one-day rout in nearly 30 years in global oil...
Oil prices bounce back 7pc after biggest one-day fall since 1991
Oil prices bounced back 7 percent on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility...
Russia says it’s ready for $25 a barrel oil
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30...
Dollar gains Rs2.7 in open market
Amidst panic triggered by the economic fallout of the global coronavirus outbreak, the US dollar witnessed an appreciation in its value against...
IMF calls for ‘substantial’ stimulus, coordination against virus
WASHINGTON:Â The International Monetary Fund (IMF) called on governments worldwide Monday to join forces and roll out aggressive financial supports for the coronavirus-infected...
Cement sector posts cumulative loss of Rs500m for 2QFY20
LAHORE: Pakistan’s cement sector has posted a cumulative loss of Rs500 million in the second quarter of FY20.
Shankar Talreja, a senior analyst...
SBP to announce monetary policy on 17th
Analysts expect a 'rate cut' amid increased concerns regarding impact of coronavirus outbreak on global economy
OGRA notifies hike in RLNG prices
ISLAMABAD:Â The Oil and Gas Regulatory Authority (OGRA) on Monday notified the revised prices of Re-gasified Liquefied Natural Gas (RLNG) for the current...
Asian markets collapse as coronavirus threatens global economy
Equity markets collapsed on Monday as the rapidly spreading coronavirus fans fears over the global economy, while a crash in oil prices...
Rupee weakens against dollarÂ
KARACHI: The Pakistani rupee weakened by 1.15 rupees or 0.75 percent against dollar on Monday after the Pakistan Stock Market (PSX) crashed and...