Government releases Rs6.2bn for textile industry to resolve liquidity issues, encourage exports
LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an additional grant...
Boycott of Chinese goods may not be feasible, Indian exporters say
NEW DELHI: A boycott of goods from China may not be feasible as India is dependent on such imports, although New Delhi...
Oil slips towards $40 on record US inventories, Covid-19 fears
LONDON: Oil slipped towards $40 a barrel on Thursday after a more than 5pc fall the previous session, as record-high US crude...
Stocks fall 325 points as selling pressure persists
KARACHI: In line with the downtrend witnessed in global stock markets, the Pakistan Stock Exchange (PSX) remained in the negative territory throughout...
Business community demands extension in FBR’s Asset Declaration Scheme till August 31
LAHORE: The Lahore Chamber of Commerce and Industry LCCI has urged the Federal Board of Revenue to extend the last date for...
Motorbike, three-wheeler sales drop 25.7pc in 11 months
ISLAMABAD: The sale of motorbikes and three-wheelers plunged by 25.72pc during the first 11 months of the financial year 2019-20, as compared...
Lufthansa CEO suggests all staff work less instead of job cuts
BERLIN: Lufthansa Chief Executive Carsten Spohr said on Thursday he wants to avoid job losses at the German airline by persuading unions...
Vaccine makers face biggest medical manufacturing feat in history
CHICAGO/LONDON: Developing a Covid-19 vaccine in record time will be tough. Producing enough to end the pandemic will be the biggest medical...
Covid cut: SBP slashes interest rate to 7pc
--This is the fifth rate cut since coronavirus pandemic hit the global economy, with total reduction being 625bps in the last 100...
Pakistan pilot licence irregularities are ‘serious lapse’: IATA
PARIS: Irregularities found in pilot licences at Pakistan International Airlines (PIA) represent a “serious lapse” in safety controls, global airlines body International...
Board position of PM’s Digital Adviser raises conflict of interest questions
ISLAMABAD: The Digital Pakistan Foundation (DPF), a company recently registered under the Securities and Exchange Commission of Pakistan (SECP) as a non-profit...
SBP sells Rs112bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a...
Nepra seeks explanation from K-Electric over increased load shedding, electricity bills
The National Electric Power Regulatory Authority (Nepra) on Wednesday directed K-Electric to submit a detailed report regarding unannounced load-shedding in Karachi while...
Current account records surplus of $13m in May
This is the first time a surplus has been recorded since October 2019
Senate recommends 40 amendments in Finance Bill 2020
–Senators call for raise in salary, pensions, more allocations for health, education sectors
–Reject 11pc proposed cut in share of provinces in NFC...