SBP reserves fall $110m to 12.6bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $110 million to $12,679.6 million during the week...
SBP removes limit on export consignments’ shipping documents
KARACHI: The State Bank of Pakistan (SBP), through a statement issued on Thursday, has allowed the exporters to directly dispatch shipping documents...
IMC launches Toyota Yaris in Pakistan
Yaris will be available in 1,300cc and 1,500cc engines, with starting price from Rs2.34m
LESCO asked to ensure subsidised electricity for exporters
LAHORE: The All Pakistan Textile Mills Association (APTMA) has asked the Lahore Electric Supply Company (LESCO) to revise power tariff to the...
KSE-100 makes smart recovery after shedding over 1,900 points
KARACHI: It was another volatile day at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index slipping below the 29,000-mark during...
Cash is king as emergency stimulus fails to stop stock market panic
The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and...
Oil prices rebound after ECB launches virus measures
Oil prices rebounded strongly Thursday a day after US crude hit its lowest level for 18 years, as the European Central Bank...
New York Stock Exchange to shut trading floor, keep electronic trade
NEW YORK: The New York Stock Exchange will halt activity on its trading floor due to the coronavirus (Covid-19) but remain open...
Public debt to remain 83pc of GDP in FY20
ISLAMABAD: The country’s public debt will remain 83 per cent of the Gross Domestic Product (GDP) during the current fiscal year (2019-20),...
Exports decline 4.1pc to $2.4bn in Feb
KARACHI: The total exports of goods and services in the month of February stood at $2.449 billion, a decrease of 4.1 per...
Foreign outflows cross $1bn mark
KARACHI: Total gross divestment during March 2020 crossed $1.122 billion, according to data released by the State Bank of Pakistan (SBP), in...
US crude hits 18-year low as lockdowns spread
LONDON: Oil prices fell for a third session on Wednesday, with US crude futures tumbling to an 18-year low and Brent hitting...
COVID-19: Airlift suspends operations, SWVL pauses intercity service
Careem, Uber to continue operations
PSX continues to bleed, index sheds 2,200 points
KARACHI: Bears extended their control on the Pakistan Stock Exchange (PSX) on Wednesday, with the indices nosediving right from word go, triggering...
SMEDA aims to activate fruit dehydration unit in Swat this year
The Small and Medium Enterprises Development Authority (SMEDA) will make the Fruits Dehydration Unit in Swat operational by mid of this year.
This...