IMF loan will reduce Pakistan’s financing risks: Moody’s
KARACHI: The International Monetary Fund’s disbursement of $1.4 billion to Pakistan is expected to reduce the country's financing risks, said Moody’s Investors...
Current account deficit shrinks 73pc in nine months
KARACHI: The country's current account deficit (CAD) decreased to $2.78 billion during the first nine months (three quarters) of FY20, a decline...
EU leaders weigh massive virus economic recovery measures
BRUSSELS: European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care systems and the lives...
DG Cement incurs Rs1.07bn loss in 3QFY20
LAHORE: The Board of Directors of D.G. Khan Cement Company Limited (DGKCC) met on Thursday to review the company's performance and announce...
SBP reserves fall $85m to $10.8bn
IMF loan to be counted as part of SBP reserves from next week
Bulls hold ground as KSE-100 gains 386 points
KARACHI: Bullish trend prevailed at the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 managing to accumulate gains amid volatility.
"International...
Coronavirus: 92pc of SMEs facing supply chain disruption
LAHORE: About 92 per cent of the small and medium enterprises (SMEs) sector, which is considered the backbone of an economy,is facing supply...
Crisis-hit auto industry seeks stimulus package from govt
LAHORE: As the coronavirus pandemic wreaks havoc on the economy and hits car sales, the country’s auto sector has sought immediate government attention...
FBR requests taxpayers to provide IBAN for transfer of refunds
The Federal Board of Revenue has requested taxpayers to provide IBAN for electronic transfer of refunds.
According to FBR, it has devised a...
Oil rises as producers trim output
Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as...
Pakistan’s e-commerce platform to be extended to all South Asian countries
BEIJING: The Chinese enterprise building an e-commerce platform in Pakistan, has a plan to extend it for all South Asian countries in...
Asian stocks rise ahead on US stimulus, oil rebound
WASHINGTON/SYDNEY: Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise...
3rd China Int’l Import Expo to be held as per schedule in November
BEIJING: The third edition of China International Import Expo (CIIE) will be held in Shanghai as per scheduled from November 5 to...
Revenue target of Rs 5.1 trillion likely to be set for upcoming fiscal year
ISLAMABAD: The Federal Board of Revenue (FBR) is likely to set the revenue collection target at Rs5,100 billion for next fiscal year...
Global air traffic could drop by up to 1.2bn passengers: ICAO
MONTREAL: International air passenger traffic could drop by as many as 1.2 billion travellers, or two-thirds, by September 2020, as the coronavirus...