US moves to cut Huawei off from global chip suppliers
WASHINGTON: The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping...
Punjab to resume public transport, reopen shopping malls
LAHORE: The Punjab government on Friday decided to further ease the lockdown by giving permission to reopen shopping malls and resuming public transport...
Exports up 12.7pc to Rs2.88tr in 10MFY20
ISLAMABAD: The exports from the country, in rupee term, increased by 12.71 per cent during the first 10 months of the current...
Pakistan’s import from China drops 6.8pc in nine months
ISLAMABAD: Pakistan’s imports involving goods and services from China witnessed a decrease of 6.84 per cent during the first three quarters of...
PM urges G-20 to further extend debt relief for COVID-hit developing world
ISLAMABAD: Prime Minister Imran Khan, while terming the G-20 debt relief “a timely initiative”, has urged the forum to further extend the...
No downgrading of Pakistan’s B3 rating by Moody’s: MoF
The Ministry of Finance has clarified that the rating review conducted by Moody's Investor Service on May 14 “did not downgrade Pakistan's...
ECC approves mechanism for cash transfers to labourers
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday approved the 'criteria and mechanism' for Emergency Cash Assistance to labourers whose livelihoods have...
PSX witnesses bullish trend as index gains 203 points
KARACHI: Stocks rallied on the last session of the week as investors anticipated a rate cut in the country's monetary policy, which...
SBP slashes interest rate to 8pc as Covid-19 fallout hits economy
–SBP says virus has created ‘unique’ challenges for a monetary policy due to its non-economic origin
–MPC says inflation could fall further than...
SBP to announce monetary policy today
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (today) in Karachi to decide the country’s monetary policy.
The...
Moody’s action has nothing to do with Pakistan specifically: SBP
The State Bank of Pakistan (SBP) has made it clear that the placement of Pakistan’s sovereign rating under review by Moody’s Investors...
COVID-19 economic impact can reach $8.8 trillion globally: ADB
MANILA, PHILIPPINES: The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross...
Turkey seeks global funding help to gird against lira shock
ANKARA: Turkey's government has appealed to foreign allies in an urgent search for funding, three senior Turkish officials said, as it prepares...
Pakistani company to manufacture Remdesivir within 8 weeks: Dr Zafar
A Pakistani pharmaceutical company has concluded its voluntary licensing agreement with US pharmaceutical company Gilead for the manufacture and sale of Remdesivir.
Asian markets head for negative end to tough week
Most markets slipped Friday, at the end of a tough week for global markets that have been wracked by worries over a...