Goldman hikes 12-month gold price forecast to $2,300
Goldman Sachs on Tuesday raised its 12-month gold price forecast to $2,300 per troy ounce, aided by expectations of more downside in...
McDonald’s global sales suffer as Covid-19 lockdowns limit operations
McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due...
Cabinet okays formation of commission to probe petrol crisis
ISLAMABAD: The federal cabinet on Tuesday approved the formation of a commission to probe the petrol crisis.
Addressing a press conference after a meeting...
Traders protest as Punjab govt imposes lockdown ahead of Eid
Business leaders call lockdown 'economic murder' of traders, demand opening of shops till festival
NA committee raises questions over PSDP projects, performance of planning commission
ISLAMABAD: The National Assembly’s Standing Committee on Planning, Development and Special Initiatives on Tuesday raised multiple questions over the performance of the...
Saudi Arabia posts $29bn deficit in second quarter as oil revenues slump
DUBAI: Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil prices...
ECC okays import of up to 0.3m tonnes of sugar, fortnightly revision of POL prices
ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved a Ministry of Energy's proposal for revision in the prices of petroleum products...
British Airways may resume Pakistan flights from August
ISLAMABAD: The British Airways has planned to restore Pakistan flights from August after suspension due to the coronavirus outbreak.
The airlines, in a...
SECP adopts measures to strengthen capital markets
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) during the past few months has undertaken reforms and initiatives aimed at strengthening...
KPRA eyes Rs20bn revenue collection in FY21
Taimur Salim Jhagra lauds KPRA for achieving FY20 target, calls for further facilitation of taxpayers
Pakistan receives $505m from World Bank
SBP says this concessional financing will help Pakistan improve its fiscal management and regulatory framework
Impact of Covid-19 more pronounced in emerging markets, says Khusro Bakhtyar
ISLAMABAD: Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar on Tuesday said that the impact of Covid-19 is more pronounced in emerging...
Intel ousts its chief engineer, shakes up technical group after delays
Intel Corp's Chief Engineering Officer Murthy Renduchintala is departing, part of a move in which a key technology unit will be separated...
COMSTECH to hold first AI, IoT exhibition on Aug 4
Thirty organisations from public and private sectors will display their products in diverse sectors including agriculture, health, and automation
Stocks add 406 points to overnight gains
Analysts attribute investors' optimism to the ongoing results season