COVID-19: Pakistan’s exports plunge 54pc in April
ISLAMABAD: Owing to the closure of global markets amid COVID-19 outbreak, Pakistan's exports fell by a massive 54pc in April 2020, as...
US trade gap surges to $44.4bn as virus slams commerce
WASHINGTON: The US trade deficit rose in March as the coronavirus outbreak battered America’s trade with the world.
The Commerce Department reported Tuesday...
Pakistan to lose Rs628bn by June, says govt report
–PSX facing loss of Rsbn250 whereas Petroleum Division may lose Rs87bn due to COVID-19 outbreak
–NCC body urges govt to announce fiscal and...
SC summons AGP over ’30pc decrease in medicine prices’
ISLAMABAD: The Supreme Court (SC) on Tuesday issued notice to the Attorney General for Pakistan (AGP), Drug Regulatory Authority of Pakistan (DRAP) and...
Govt likely to procure cotton at Rs4,000 per 40kg
ISLAMABAD: The federal government has decided to procure cotton from farmers at a price of Rs4,000 per 40kg in order to save...
Banks lending firepower in pandemic may need reinforcing: BIS
LONDON: Banks might not have enough capital to keep credit flowing if the COVID-19 pandemic leads to an economic downturn on the...
Rupee strengthens as dollar continues to shed value
KARACHI: Pakistani rupee strengthened against the US dollar on Tuesday as it gained 46 paisa in its value in interbank.
The US dollar...
Over Rs298m released for petroleum sector projects under PSDP
ISLAMABAD: The government released funds amounting to Rs298.183 million during first 10 months of the current fiscal year to execute six petroleum...
CPEC’s second phase will focus on industrial cooperation
ISLAMABAD: The second phase of the China-Pakistan Economic Corridor (CPEC) would focus on industrial cooperation to explore business opportunities in textile, industry,...
Experts say APTMA’s budgetary proposals ‘only to facilitate the rich’
LAHORE: Experts in textile industry and government circles have raised fingers over the budget proposals of the All Pakistan Textile Mills Association...
NTDC rehabilitates damaged towers in Balochistan
The National Transmission and Despatch Company (NTDC) spokesman has said that rehabilitation work on eight collapsed towers has been completed while power...
SC extends stay in Peshawar BRT project
ISLAMABAD: The Supreme Court (SC) on Tuesday extended the duration of its stay order given against a Peshawar High Court (PHC) directive to...
Pakistan’s cash programme instrumental in mitigating COVID-19 impact: WB
ISLAMABAD: The World Bank (WB) on Tuesday said that Pakistan’s emergency cash programme would be instrumental in mitigating the impact of the economy...
Microfinance industry needs to strengthen resilience, risk management: SECP chief
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan Tuesday said the development of the microfinance industry depended upon resilience...
Traders seek further clarification on anti-hoarding ordinance
LCCI president says govt must define difference between 'stock' and 'hoarding' to stop misuse of recently promulgated ordinance