S&P slashes emerging market forecasts, warns of permanent scars
LONDON: Rating agency S&P Global cut its emerging market growth forecasts on Monday, predicting a 4.7pc slump on average this year due...
Oil dips on surge in Covid-19 infections
Brent crude falls 65 cents to $42.59 a barrel, while US crude dips 75 cents to $39.80
SBP governor for minimal documentation for SMEs under refinance scheme
FAISALABAD: State Bank of Pakistan (SBP) Governor Reza Baqir on Monday said that documentation for the Small and Medium Enterprises (SME) sector...
Stocks accumulate 428 points as PSX rally enters 12th day
Overall market volumes rise 60pc to 468.9 million, which is the highest level of participation recorded so far in 2020
Workers’ remittances surge 50.7pc to $2.46bn in June
--On a cumulative basis, remittances increased 6.4pc to $23.1bn in FY20, as compared to $21.7bn in FY19
--SBP attributes the 'record' jump in...
Pakistan Bureau of Statistics begins electronic data collection
ISLAMABAD: Planning Development and Special Initiatives Secretary Mathar Niaz Rana on Monday was informed that the Pakistan Bureau of Statistics (PBS) has...
Virus-hit Hajj cuts deep for Pakistan pilgrims and businesses
KARACHI: Koran tutor Muhammad Asim should have been packing to leave his Karachi home for Mecca next week to perform one of...
PIA increases domestic flights amid international bans
KARACHI: Pakistan International Airlines (PIA) has increased the number of its domestic flights after Europe and other countries imposed bans on the...
AGP discovers Rs5.1bn irregularities in Ministry of IT
ISLAMABAD: The Auditor General of Pakistan (AGP) has pointed out a total of Rs5.1 billion irregularities in the Ministry of Information Technology...
Covid-19: Virus wary buyers switch to online platforms to buy sacrificial animals
LAHORE: Due to the ongoing Covid-19 pandemic and the government imposed lockdowns, people in the provincial capital of Punjab have moved away...
Will resolve tax related issues of businesses, assures FBR chairman
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Muhammad Javed Ghani on Sunday said that he would address tax related issues of the...
KP cloth traders threaten to close shop due to frequent police, customs raids
PESHAWAR: Cloth traders and businessmen in Khyber Pakhtunkhwa (KP) have warned to close down businesses and stage protests against frequent raids on...
Blacklisted entity among 42 FBR approved vendors providing POS integration to retailers
ISLAMABAD: The Federal Board of Revenue (FBR) has recommended a blacklisted company for the provision of Point of Sales (POS) integration software...
SBP imposes Rs1.68bn fine on 15 banks
KARACHI: The State Bank of Pakistan (SBP) imposed a cumulative fine worth Rs1.68 billion on 15 commercial banks for violating its regulations...
MD Careem Pay quits less than a month after company announces expansion plans
ISLAMABAD: Careem Pay Managing Director Junaid Iqbal has decided to part ways with Careem.
According to sources at Careem, the former MD had...