Stocks stage 261-point rally; index crosses 35,000 mark
KARACHI: After yesterday's lacklustre performance, indices of the Pakistan Stock Exchange (PSX) staged a rally on Wednesday, with the benchmark KSE-100 Index...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
Economic Survey to be unveiled on Thursday
ISLAMABAD: The federal government is all set to unveil the pre-budget document, Economic Survey of Pakistan 2019-20 on Thursday June 11.
The document...
Sugar mill association files petition against inquiry commission
ISLAMABAD: Pakistan Sugar Mills Association (PSMA) on Wednesday filed a petition to Islamabad High Court (IHC) challenging the establishment of a sugar...
Four economic zones approved for KP
PESHAWAR: The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has approved four locations for economic zones in the province.
The selected...
Budget FY21: Businessmen seek relief measures to keep industry afloat
LAHORE: As the PM's finance adviser has indicated presenting a "tough budget" for the next fiscal year (FY21) amid coronavirus outbreak, the...
ADB approves $500m loan to Pakistan to aid Covid-19 response
MANILA: The Asian Development Bank (ADB) has approved a $500 million loan to help the Pakistan Government deliver social protection programs to...
Make in Pakistan policy to ensure job creation, says Razak Dawood
ISLAMABAD: The federal government will pursue ‘Make in Pakistan’ policy to generate economic activity and rationalise tariffs to ensure an export led...
Pakistan among latest countries to get Paris Club debt relief
PARIS: The Paris Club of creditor nations have agreed to suspend debt service payments from Chad, Ethiopia, Pakistan and Republic of Congo...
Payment transactions volume falls 4.2pc in third quarter: SBP
KARACHI: The total payment transactions in Pakistan showed a decrease of 4.2 percent by volume and 3 percent by value in the...
NEC to approve Rs1.41trillion national development outlay for next fiscal year
ISLAMABAD: The National Economic Council (NEC) is set to give approval for Rs1.41 trillion National Development outlay for the next fiscal year.
According...
Meezan bank completes issuance of Rs200 billion energy sukuk
KARACHI: Meezan Bank, has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs...
Cabinet approves appointment of SNGPL directors, SME Bank president
ISLAMABAD: The Federal cabinet on Tuesday approved the appointment of 11 Board of Directors (BoD) of Sui Northern Gas Pipelines Limited (SNGPL)...
Government agrees to not borrow from SBP
ISLAMABAD: As the third round of talks between the Pakistan government and the IMF came to an end on June 9, it...
Airlines heading for $84 billion loss this year: IATA
PARIS: Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in...