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...
Govt seeks IMF’s help to insulate economy from coronavirus
–Hafeez Shaikh says Fund requested to provide additional $1.4bn to contain fallout, WB to provide $1bn
–Sys economy will slow down, Rs1.2tr announced...
Govt to procure record wheat worth Rs280bn: Asad Umar
'If I was a member of the monetary committee, I would have suggested a bigger cut in interest rate'
‘Govt working on local manufacturing of ventilators’
--Official says body on coronavirus will soon test drugs that are believed to be useful in curing the disease
--Says developers have been...
SBP relaxes import rules for medical supplies
KARACHI: The State Bank of Pakistan has relaxed import regulations on medical equipment in order to help the country fight the COVID-19...
‘Konnect by HBL’ offers medical consultation and much more
There have been times all of us have gotten stuck in some bad situation and have wondered, wish I could solve this...
GB to open border for Chinese medical supplies
Supplies include three ventilators, 200,000 face masks among other things
Govt imposes ban on export of surgical masks, hand sanitisers
MoC also notifies ban on onion exports
Experts welcome govt’s stimulus package, but deplore ‘nominal rate cut’
LAHORE: Exporters and economists on Tuesday welcomed the Rs1,200 billion 'stimulus package' announced by Prime Minister Imran Khan to financially support different...
Govt announces Rs1.2tr financial package amid lockdowns
–Reduces petroleum prices by Rs15, announces tax funds for industries, slashes interest rate, allocates Rs200bn for labourers
–PM Imran says complete lockdown will...
SBP cuts key interest rate by 150bps to 11pc
KARACHI: The State Bank of Pakistan (SBP) has decided to cut the country’s policy rate from 12.5pc to 11pc in an emergency...
KSE-100 sinks 2,100 points amid virus uncertainty
KARACHI:Â The Pakistan Stock Exchange (PSX) took a massive beating on Tuesday, with the KSE-100 Index nosediving below the 29,000-mark intraday, triggering a...
Punjab govt urged to allow manufacturing of exportable items
LAHORE: The All Pakistan Textile Mills Association (APTMA)-Punjab has taken up the issue regarding 'closure of textile mills during the lockdown period...
PSX finally launches Exchange-Traded Funds
KARACHI: The Pakistan Stock Exchange (PSX) has finally launched its new product, Exchange-Traded Fund (ETF), according to a statement issued by the...
COVID-19 outbreak: Govt likely to announce Rs1.1tr relief package
ISLAMABAD:Â The federal government, as part of its rescue-cum-economic stimulus package, would soon announce an income support programme as well as relief in...