Pandemic clouds US-China trade deal: Trump
WASHINGTON: US President Donald Trump said on Thursday he was very disappointed in China over its failure to contain the novel coronavirus,...
Pakistan lauds IMF’s support to address economic impact of COVID-19
Minister for Economic Affairs Makhdum Khusro Bakhtyar has appreciated the IMF's support of 1.386 billion dollar under the Rapid Financing Instrument to...
Up to 36 million have sought US jobless aid since virus hit
WASHINGTON: Nearly 3 million laid-off workers applied for US unemployment benefits last week as the viral outbreak led more companies to slash...
IEA still sees record 2020 oil demand fall but easing lockdowns helping
LONDON: Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it...
SBP reserves fall $59m to $12.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $59 million to $12,270.7 million during the week...
Lahoris violate SOPs after government reopens markets
LAHORE: The Punjab government and its administrative institutions could not enforce the standard operating procedures (SOPs) defined to curb the spread of coronavirus,...
Lockdown damaged economy severely, says PM
ISLAMABAD: Prime Minister Imran Khan on Thursday said the countrywide lockdown was only a stopgap measure to contain the coronavirus which has so...
WTO chief Azevedo expected to step down early
GENEVA/BRUSSELS: The head of the World Trade Organization will announce his early departure on Thursday more than a year before the end...
Moody’s says Pakistan’s B3 rating under review for downgrade
KARACHI: Moody's Investors Service (Moody’s) has placed the government of Pakistan’s local and foreign currency long term issuer and senior unsecured B3...
Companies navigate a world that is vastly changed after coronavirus
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to...
CCP launches ‘paperless’ merger application system
In order to facilitate the local and foreign investors intending to invest in Pakistan through mergers, acquisitions, and joint ventures, the Competition...
NTDC energises first 500kV HVAC transmission line
The National Transmission and Despatch Company (NTDC) has connected the High Voltage Direct Current (HVDC) system with High Voltage Alternating Current (HVAC)...
Exporters urged to adapt to global changes post-coronavirus
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood has stressed the need to exploit economic and trade opportunities expected in...
Pandemic crisis forecast to hit insurers for $200bn
LONDON: The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts...
Pakistan’s deficit and poverty rate to soar due to coronavirus
--As per estimates, poverty headcount will rise from 24.3pc to a base case of 29pc, and a worst-case scenario of 33.5pc
--At least...