Oil drops on US inventories and doubts over output cuts
LONDON: Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened...
PM calls for expediting petroleum sector reforms
ISLAMABAD: Prime Minister Imran Khan on Thursday directed Special Assistant on Petroleum Nadeem Babar to further accelerate the process of reforms in...
US trade deficit widens as exports hit 10-year low
WASHINGTON: The US trade deficit surged in April as the Covid-19 pandemic upended the global flow of goods and services, pushing exports...
SBP reserves drop by a whopping $1.7bn
After suffering biggest weekly loss, SBP reserves now stand at $10.4bn
PSM privatisation to help govt save Rs700m per month: minister
ISLAMABAD: Industries and Production Minister Hammad Azhar said on Thursday that the government had decided to privatise Pakistan Steels Mills (PSM), as...
No rift with UK tax authorities, FBR clarifies
The Federal Board of Revenue (FBR) has rejected a media report claiming that there was a "rift" between Pak-UK tax authorities.
In a...
Stocks lose 282 points on selling pressure
KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding over 250 points amid...
Covid-19: Ineffective hand sanitisers flood local markets in absence of regulatory oversight
Most hand sanitisers available in the local market are ineffective against coronavirus as they contain 30 per cent alcohol by volume (ABV)...
SBP raises Rs146.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs146.5 billion through T-bills, against the auction target of...
Moot says budget must put people first
ISLAMABAD: Pakistan had 60 million people unemployed even before the pandemic, while the current crisis has added an estimated 20 million more,...
CCP identifies challenges to competition in LPG sector
Commission recommends govt to introduce policy reforms, remove regulatory barriers, and put in place competitive LPG pricing framework to create level playing field in the sector
CDWP approves seven projects worth Rs24bn
ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday approved seven projects worth Rs24 billion and recommended one project worth Rs11.35 billion...
Govt’s measures helped contain Covid-19 damage to economy, says SBP governor
ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Wednesday said that the coronavirus outbreak had delayed but not derailed...
ECC approves firing all Pakistan Steel Mill employees
–Finance ministry to release Rs20bn compensation package for 9,350 employees
–ECC forms body to hedge oil prices, asks Finance Division to release Rs23bn...
Cement sales plunge 37.6pc in May
ISLAMABAD: The impact of construction package announced by the government is yet to be seen, as domestic cement uptake declined by a...