Can’t pay workers during lockdown, textile industry owners tell court
As the lockdown continues across the country to contain the spread of coronavirus, textile industry owners on Monday informed the Sindh High...
World leaders pledge billions for virus vaccine research
BRUSSELS: World leaders, organizations and banks on Monday pledged 7.4 billion euros ($8 billion) for research to find a vaccine against the...
After three downward revisions, govt may still miss revenue target
ISLAMABAD: The Ministry of Finance was preparing the next financial budget on the basis of this year’s revenue target, which it expects...
LUMS increases tuition fee by 41pc amid coronavirus outbreak
As the country battles the coronavirus outbreak, with many people uncertain about their finances, the Lahore University of Management Sciences (LUMS) has...
MCB expects deposits to grow, policy rate to fall by 100bps
KARACHI: MCB Bank on Monday gave an update on its recent financials and bank outlook in a corporate briefing to investors via...
Traders protest ban on food export
KARACHI: Employers Federation of Pakistan (EFP) President Ismail Suttar has protested the recently announced two-week ban on food edibles imposed by Prime...
Coronavirus: SBP will not issue new currency notes for Eidul Fitr
KARACHI: In view of the coronavirus outbreak, the State Bank of Pakistan (SBP) on Monday announced to not issue fresh currency notes...
FY20: Seven manufacturing sectors post decline in profit
ISLAMABAD: The performances of several manufacturing sectors have deteriorated during the first eight months of the current fiscal year, it was learnt...
SBP says 700 firms seek subsidised loans to avoid layoffs
KARACHI: The
State Bank of Pakistan (SBP) said on Monday that around 700 companies have
forwarded applications for cheaper loans under the central bank’s...
WB prepares $247.5m PREP to help Pakistan fight coronavirus
ISLAMABAD: The World Bank (WB) has said that it has prepared a $247.5 million programme to support Pakistan’s frontline healthcare staff and...
Eidul Fitr: Govt to disburse salary and pension by May 21
ISLAMABAD: The government has decided to disburse salary and pension among the federal employees as well as pensioners as of May 21.
The...
PHL issues Rs200bn sukuk to address liquidity constraints
ISLAMABAD: Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing Rs200 billion debt instrument...
Power Division asked to expedite finalisation of renewable energy policy
ISLAMABAD: The Cabinet Committee on Energy (CCOE) Monday directed the Power Division to expedite process of formulation and approval of the renewable...
CNG sector urges govt to reduce subsidies on natural gas
The All
Pakistan CNG Association (APCNGA) on Monday said the compressed natural gas
sector is at the verge of destruction due to parity between...
SadaPay, Mastercard collaborate to simplify digital payments in Pakistan
LAHORE: SadaPay has announced a new exclusive partnership with Mastercard to equip SadaPay wallet holders with Mastercard debit cards that can be...