WB tells G20: Pandemic threatens food security of poor, stop hoarding food
WASHINGTON: The poorest countries in the world face food insecurity and malnutrition due to the pandemic, a drop in foreign exchange earnings,...
Oil slump wreaks havoc in Gulf markets, Saudi riyal under pressure
DUBAI/LONDON: Gulf debt and equity markets fell on Tuesday and the Saudi currency dropped in the forward market, after US crude oil...
Textile exporters call for restoration of zero-rating facility
APTMA chairman says it will be unfair to expect textile value chain to keep paying sales tax in the absence of cash flow
IHC restores 21 demoted ZTBL officers to previous scales
ISLAMABAD: The Islamabad High Court (IHC) on Tuesday restored 21 demoted officers of Zarai Tarqiati Bank Limited (ZTBL) to their previous scales.
The...
Bears return to bourse as index sheds over 1,000 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 nosediving over 1,100 points intraday.
Foreign investors changed...
A proactive central bank… up to a point
The State Bank of Pakistan, it seems, does not want to leave anything to chance. Inflation numbers have started to tick downwards,...
Muted Ramadan, Eid amid pandemic slam seasonal rise in palm oil demand
The palm oil market is set to miss out on a key high-demand period in 2020 as coronavirus-driven lockdowns during the holy...
3.8m internal migrant workers will likely be laid off as Covid-19 crushes economy
LAHORE: As many as 3.78 million internal migrant workers across the country are expected to be unemployed due to the outbreak of...
Philip Morris closes factory amid pandemic spread
Philip Morris (Pakistan) Limited (PMPK) has closed its factory, informed the company in a statement to the Pakistan Stock Exchange (PSX) on...
What is a negative crude future and does it mean anything for consumers?
Supply of fuel has been far above demand since the coronavirus forced billions of people to stop traveling. Because of oversupply, storage...
Dollar falls to 161.50 in interbank market
The rupee made a significant recovery in the money market on Tuesday as the dollar fell and is currently trading at trading...
Gwadar Port operationalised for Afghan transit trade: Dawood
Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Tuesday announced that the Ministry of Commerce has operationalised Gwadar...
US oil bounces after crash but Asian stocks suffer big losses
US crude prices bounced back into positive territory Tuesday, a day after crashing below $0.00 for the first time owing to crippled...
US to add 75mln barrels of oil to strategic reserve: Trump
WASHINGTON: President Donald Trump said Monday the US would take advantage of the historic drop in oil prices to buy 75 million...