Govt plans to boost health, social sectors in upcoming budget
ISLAMABAD: To counter the adverse impact of the coronavirus, the federal government on Friday decided to give priority to the social as...
Retail sector sees sharp recovery as govt eases restrictions
--Compared to 11-14 May last year, consumer traffic in Rahim Yar Khan, Multan and Gujrat rises 60pc, 30pc and 15pc, respectively
--Data shows...
Govt to impose levy on Islamabad farm houses
ISLAMABAD: The federal government has decided to impose a levy on big farm houses located in the federal capital, sources revealed on...
Punjab to resume public transport, reopen shopping malls
LAHORE: The Punjab government on Friday decided to further ease the lockdown by giving permission to reopen shopping malls and resuming public transport...
PM urges G-20 to further extend debt relief for COVID-hit developing world
ISLAMABAD: Prime Minister Imran Khan, while terming the G-20 debt relief “a timely initiative”, has urged the forum to further extend the...
No downgrading of Pakistan’s B3 rating by Moody’s: MoF
The Ministry of Finance has clarified that the rating review conducted by Moody's Investor Service on May 14 “did not downgrade Pakistan's...
ECC approves mechanism for cash transfers to labourers
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday approved the 'criteria and mechanism' for Emergency Cash Assistance to labourers whose livelihoods have...
SBP slashes interest rate to 8pc as Covid-19 fallout hits economy
–SBP says virus has created ‘unique’ challenges for a monetary policy due to its non-economic origin
–MPC says inflation could fall further than...
SBP to announce monetary policy today
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (today) in Karachi to decide the country’s monetary policy.
The...
Moody’s action has nothing to do with Pakistan specifically: SBP
The State Bank of Pakistan (SBP) has made it clear that the placement of Pakistan’s sovereign rating under review by Moody’s Investors...
COVID-19 economic impact can reach $8.8 trillion globally: ADB
MANILA, PHILIPPINES: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross...
Lahoris violate SOPs after government reopens markets
LAHORE: The Punjab government and its administrative institutions could not enforce the standard operating procedures (SOPs) defined to curb the spread of coronavirus,...
CCP launches ‘paperless’ merger application system
In order to facilitate the local and foreign investors intending to invest in Pakistan through mergers, acquisitions, and joint ventures, the Competition...
Exporters urged to adapt to global changes post-coronavirus
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood has stressed the need to exploit economic and trade opportunities expected in...
IMF assures Pakistan of economic cooperation
ISLAMABAD: The International Monetary Fund (IMF) will continue to cooperate with Pakistan for sustainable economic growth in future.
This was stated by IMF...