SBP reserves drop by a whopping $1.7bn

After suffering biggest weekly loss, SBP reserves now stand at $10.4bn

ECC approves firing all Pakistan Steel Mill employees

–Finance ministry to release Rs20bn compensation package for 9,350 employees  –ECC forms body to hedge oil prices, asks Finance Division to release Rs23bn...

Businessman charters private jet to import Covid-19 medicine Remdesivir from Bangladesh

AGP Pharmaceuticals chairman, in his personal capacity, charters a private jet to import Remdesivir from Dhaka

Cabinet approves export of PPE, hand sanitisers

Exports rise by 34pc in May; current account deficit contracts from $11.4bn in FY19 to $3.3bn

Petro Division warns of acute shortage of POL products in July

ISLAMABAD: The Petroleum Division has feared an acute shortage of petroleum products in the country as prices are likely to surge in...

B2B marketplace Bazaar announces raising $1.3 million in pre-seed funding

B2B ecommerce marketplace Bazaar has raised an unprecedented $1.3 million in a pre-seed round from US and Pakistan-based institutional and angel investors,...

Hey shehri babu, here is why you need to pay attention to the locust invasion

Back in February, Profit had done a feature on the swarms of locusts laying waste to entire yields of crops and threatening...

Amid soaring cases, govt mulls opening more sectors

–NCOC recommends keeping schools closed till August, restaurants to remain restricted to takeaway service only –Marriage halls likely to be allowed to operate...

Pakistan to resume outbound int’l flights as Covid-19 spreads

ISLAMABAD: The Civil Aviation Authority (CAA) on Friday announced that Pakistan will resume international flight operations from May 30 (Saturday). “As per decision of...

Dollar climbs to 164 in interbank market

The rupee lost Rs1.30 to reach Rs164 against the dollar in the interbank market on Friday as various parts of the country...

Facebook initiates Authorized Sales Partner programme in Pakistan

KARACHI: In a bid to deepen its presence in the Pakistan market, Facebook has initiated its first Authorized Sales Partner (ASP) programme...

Pakistan receives export orders of face masks from US, Europe

Adviser to Prime Minister on Commerce Abdul Razak Dawood has said that Pakistani exporters have received large orders of face masks from...

Govt says most sugar subsidies given during PML-N’s tenure

Shahzad Akbar says ex-premier Abbasi gave Rs20bn subsidy on sugar

Pakistan’s food security under threat as locusts devour crops, livelihoods

--Locust attacks likely to cause Rs800bn loss to country's agriculture produce this year --Farmers seek govt's help as they fear long-term food shortage LAHORE:...

No defect in engine, landing gear of ill-fated A-320, PIA claims

–Airline says last check of aircraft was conducted in March this year –Aircraft had flown from Muscat to Lahore a day before the...