Remittances remain steady despite COVID-19 crisis
KARACHI: Overseas Pakistani workers remitted $1,790.0 million in April 2020, a fall of $104.4 million or 5.5pc, when compared with $1,894.4 million...
Physical work on Diamer-Bhasha Dam ready for commencement, PM told
ISLAMABAD: Prime Minister Imran Khan was informed on Monday that as per his directions, all issues related to the critically important Diamer-Bhasha...
KP millers fear acute flour crisis as wheat supply drops to 3,000 tonnes
PESHAWAR: Despite tall claims by the Khyber Pakhtunkhwa (KP) government to have adequate supply of wheat in the province, the provincial food...
Rozgar Scheme: SBP enhances financing limit to protect workers’ wages
KARACHI: The State Bank of Pakistan (SBP) has increased the financing limits for its temporary scheme, under which businesses can get loans...
Pakistan gets $1.8bn loan rescheduled from friendly countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Monday that $1.8 billion worth of loans...
SBP to announce monetary policy on 15th
KARACHI: The State Bank of Pakistan’s Monetary Policy Committee will meet on Friday (May 15) in Karachi to decide the country’s monetary policy.
The...
Stocks close flat amid lack of triggers
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Monday, with the benchmark KSE-100 Index closing flat amid a...
PM meets economic team to discuss current financial situation
ISLAMABAD: Prime Minister Imran Khan held a meeting with his economic team and discussed matters pertaining to the current financial situation in...
PEL, Waves resume plant operations from today
The Pak Elektron Limited (PEL) and Waves Singer Pakistan Limited have announced to resume plant operations from today as per relaxations given...
Saudi Arabia raises VAT to mitigate economic impact of Covid-19
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to...
PREMA gets ISO 22000 certification
Dairy products company At-Tahur Limited (PREMA) has been declared ISO 22000 certification by the TUV Austria in addition to ISO 9001, informed...
International Industries Limited resumes plant operations for exports
International Industries Limited has announced that it has resumed its operations in all its factories across the country for exports, informed the...
Ferozsons partners with Gilead to manufacture Covid-19 drug remdesivir
The Ferozsons Laboratories Limited has announced that its subsidiary Biosciences Limited (BFBL) is in negotiations to enter into a non-exclusive license agreement...
Asian shares push higher as more countries ease lockdowns
SYDNEY: Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some...
Oil prices drop amid supply glut, fears of second coronavirus wave
SINGAPORE: Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to...