British Airways set to slash up to 12,000 jobs
LONDON: British Airways is to slash up to 12,000 jobs as part of a restructuring forced on the carrier by the fallout...
Int’l financial institutions start giving incentives to Pakistan: Hafeez
Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that international financial institutions have started giving incentives...
Asian equities build on gains as more nations ease lockdowns
Asian markets rose again Wednesday, buoyed by a further easing of coronavirus lockdown measures, though the advances remain capped by concern that...
Oil rebounds above $14 after massive sell-off
US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term...
Govt to pass on benefit of reduced oil prices to public: Razak
ISLAMABAD: Advisor to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood has said the government intended to pass...
Development bank to allocate $15bn to tackle virus fallout
MOSCOW: The New Development Bank will allocate up to $15 billion for loans to help the so-called BRICS nations - Brazil, Russia,...
Oil majors, govts haggle over sharing pain of deepest cuts yet
LONDON/MOSCOW: From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep...
Corona targets FBR, collection to take a hit
RTO-Quetta has been closed after around 20 of its officials were tested positive for coronavirus
PM approves ‘Green Stimulus’ package to boost greenery, employment
ISLAMABAD: Prime Minister Imran Khan on Tuesday approved the “Green Stimulus” package as part of the government’s efforts to extend green cover in...
Bank Alfalah’s profit falls 8.6pc to Rs2.89bn
KARACHI: The Board of Directors of Bank Alfalah met on Sunday to review the bank’s performance and announce its financial statements for...
Govt bans retail fish trade in harbour premises
ISLAMABAD: The federal government has imposed ban on retail fish trade in the premises of the Karachi Fish Harbour.
According to an official...
Sindh traders reject govt’s ‘online business formula’
KARACHI: All Sindh Taajir Ittehad (ASTI) has rejected the online business formula of the Sindh government to keep the economy running while...
Cabinet okays three-week extension in sugar probe
PM orders ban on the export of all edible items, decision to be reviewed after two weeks
Govt, development partners weigh economic impact of COVID-19
--'Manufacturing and service sectors likely to take a significant hit in 2020'
--'Fiscal deficit could rise to 9.6pc of GDP, while poverty figures...
Merck sees $2.1bn coronavirus hit to 2020 sales
Merck & Co Inc said on Tuesday it expects the coronavirus pandemic to reduce 2020 sales by more than $2 billion (1.60...