Saudi Arabia may re-route tankers if US imposes crude import ban: sources
LONDON/NEW YORK/MOSCOW: Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President...
KSE-100 ends in green after volatile session
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Wednesday, with the benchmark KSE-100 Index managing to...
SBP relaxes its loan scheme to facilitate small businesses
KARACHI: The State Bank of Pakistan (SBP) has added further incentives to its recently introduced temporary scheme for businesses to get loans...
HBL profit surges by 29% to Rs 4.1b in Q1
The Habib Bank Limited (HBL) on Wednesday declared a consolidated profit after tax of Rs 4.1 billion for the first quarter of...
Bipartisan deal reached on funding virus-hit US small businesses
WASHINGTON: US lawmakers and the White House have reached bipartisan agreement on a $480 billion emergency package that replenishes a depleted program...
Facebook invests $5.7 billion in India’s telecom giant
Facebook said it would focus on collaborating its messaging platform WhatsApp with Reliance's e-commerce venture JioMart.
Facebook Inc announced a $5.7 billion investment...
Shield Corporation resumes plant operation for hygiene products
The Shield Corporation Limited (SCL) has resumed its plant and office operations for hygiene products from April 20, 2020 with strict precautionary...
Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't...
Asia stocks fall after US crude collapses for second day
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic...
Rupee strengthens as dollar continues to shed value
Falling demand coupled with a surge in supply pushed the dollar's price in the open market on Wednesday in early trade and...
Gul Ahmad resumes limited plant operation in Karachi
In the light of some relaxations given by the Sindh government, the management of Gul Ahmed Textile Mills Limited has decided to...
Oil falls again as coronavirus ravages energy markets
Brent crude plunged more than 12 percent to below $17 a barrel Wednesday while US oil erased early gains and fell, as...
Covid19: SECP directs microfinance lenders to facilitate borrowers
The Securities and Exchange Commission of Pakistan (SECP) has directed non-bank lending companies to extend relief to their borrowers, as per their...
Oil crash means more misery ahead for US shale producers
An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies...
Govt to propose economic relief package before NCC : Hammad
The government will present a large package for needy and deserving people affected by coronavirus lockdown in a meeting of the National...