China says tariffs should not be used as a weapon after US threats
United States urged 'not to divert attention from its own mismanagement of coronavirus epidemic by shifting blame onto China'
Cement despatches decline 23pc in April
LAHORE: Following the closure of both export and domestic markets owing to COVID-19 outbreak, Pakistan's cement despatches declined by 23.65pc to 3.52...
Stocks lose 264 points in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the benchmark KSE-100 Index closing in the red despite...
IPPs explain profits, operations in second advert
As part of its public awareness campaign, the Independent Power Producers (IPPs) Advisory Council has published its second advert in leading newspapers...
Australia ties up with airlines to carry produce, seafood to Asia
SYDNEY: Australia on Wednesday said it has reached agreements with Singapore Airlines and Qantas Airways Ltd to carry foods to Asian markets,...
Dubai developer Nakheel cuts some staff salaries by up to 50%
DUBAI: Dubai state developer Nakheel has cut salaries by up to 50 percent to help it weather the coronavirus pandemic, according to...
Gilead says in talks with drugmakers in Pakistan, India to produce remdesivir
Gilead Sciences Inc. said on Tuesday it was in discussions with chemical and drug manufacturers in Pakistan and India to produce its...
MOF, SBP introduce risk-sharing mechanism to support lending to SMEs
The Ministry of Finance and State Bank of Pakistan have introduced risk-sharing mechanism to support bank lending to small and medium enterprises...
EU to beef up scrutiny of money-laundering risks, adds Panama to list
BRUSSELS: The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body...
Stocks enjoy further gains as virus restrictions are eased
Most equities rose again on Wednesday as investors grew increasingly, but cautiously, hopeful that the worst of the coronavirus had passed and...
Oil extend gains as traders weigh virus progress
Oil prices on Wednesday built on the previous day's surge, boosted by signs of easing in the coronavirus that is allowing some...
FBR’s arm files reference against billionaire benami company
The Federal Board of Revenue (FBR)’s Anti-Benami Islamabad office has filed a reference against S.A.S Pvt. Ltd, a benami cooperate company which...
BMW lowers margin outlook for autos division citing coronavirus woes
FRANKFURT: BMW lowered the outlook for the profitability of its automotive division, citing worse-than-expected demand which has been impacted by global measures...
Cabinet approves export of rice, hand sanitisers
ISLAMABAD: The federal cabinet on Tuesday allowed the export of rice and locally manufactured hand sanitisers, as Federal Minister for Information and...
ADB to provide Pakistan $305m to fight pandemic
ISLAMABAD: The Asian Development Bank (ADB) will provide $305 million to Pakistan to deal with the coronavirus pandemic in the country.
This was...