Mobile phone imports surge 63pc in 11 months
ISLAMABAD: The import of mobile phones into the country has witnessed an increase of 63.17 per cent during the eleven months of...
SBP raises Rs186.8bn from T-bill, PIB auctions
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised a collective amount of Rs186.8 billion from the auction...
Oil falls on fears of more Covid-19 cases
LONDON: Oil prices fell on Wednesday on fears about fresh outbreaks of Covid-19 but prices drew some support from stimulus measures and...
Global corporate default rate to reach 9.5pc by February 2021: Moody’s
NEW YORK: The trailing 12-month global speculative-grade default rate climbed to 4.7 per cent in May, up from 4.1 per cent in...
Govt set to take action against increase in price of wheat, flour
ISLAMABAD: The federal government on Tuesday has resolved to take all possible measures to control the price of wheat and flour and overcome...
KP govt expected to present a budget deficit of Rs60bn
PESHAWAR: The Khyber Pakhtunkhwa (KP) government is likely to present a budget deficit of Rs60 billion due to non-payment of its dues...
ECC approves Rs100m grant for locust control in Punjab
Committee okays Rs500m for media campaign on Covid-19; Rs4.5bn for capacity building of civil armed forces
Stocks lose 170 points amid political uncertainty
KSE-100 took a U-turn after BNP Mengal's decision to quit PTI alliance
Steroid drug hailed as ‘breakthrough’ in Covid-19 as trial shows it saves lives
LONDON: A cheap and widely-used steroid called dexamethasone has become the first drug shown to be able to save lives among Covid-19...
No compromise on development despite Covid-19 challenges, says Punjab finance minister
Hashim Jawan says govt will ensure private sector's involvement in development projects; vows Rs56bn tax relief for business community in FY21
Rs4.9tr revenue target achievable if Covid-19 spread declines: Hafeez Shaikh
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh said on Tuesday that the revenue collection target of...
MoF shortlists nine candidates for appointment as CCP members
ISLAMABAD: The Ministry of Finance (MoF) has shortlisted nine candidates for the membership of Competition Commission of Pakistan (CCP) and will present...
Senate body approves free air travel privilege for parliamentarians’ families
The privilege, which was earlier restricted to parliamentarians only, includes free access to 25 business class air tickets, besides annual travel vouchers worth Rs300,000
No immediate improvement in oil demand this year: IEA
PARIS: Global demand for oil is yet to show a pick up – latest estimates reckon that it would drop by about...
Global FDI to contract by 40pc this year: UNCTAD report
GENEVA: Global foreign direct investment (FDI) flows are forecast to decrease by up to 40pc in 2020, and further by 5pc to...