Saudi Arabia gets physical with Russia in underground oil bout
MOSCOW: Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights...
1Q2020: Engro Fertilizers posts 86pc decline in profit
LAHORE: The Board of Directors of Engro Fertilizers Limited (EFERT) met on Monday to review the company's performance and announce its financial...
Petroleum imports plunge 39pc in March
Pakistan's oil import bill drops from $1.1bn in Feb 2020 to $668m in March
NITL launches ‘asset allocation fund’ to facilitate investors
'Investments will be allocated between equity and debt markets to achieve competitive returns amid volatile market conditions'
A barrel of oil now cheaper than a plate of chicken biryani
WTI US crude May contract is now trading at less than $1 a barrel, hitting its lowest level ever, while futures have...
IMF’s Georgieva says most worried about crisis impact on developing countries
SOFIA: Developing countries may be the hardest hit economically by the fallout from the spread of the new coronavirus, IMF managing director...
Stocks extend gains with 667-point rally
KARACHI: Continuing with the positive momentum from the previous session, the Pakistan Stock Exchange (PSX) managed to accumulate decent gains on Monday,...
Japan’s exports sink in March as pandemic hits major markets
TOKYO: Japan’s exports sank 11.7 per cent in March as the coronavirus pandemic slammed auto shipments to the US and China, generally...
McKinsey predicts near doubling of unemployment in Europe
BRUSSELS: Unemployment in Europe could nearly double in the coming months, with up to 59 million jobs at risk from permanent cutbacks...
E-commerce best option for SMEs’ survival amid lockdown
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has thanked Prime Minister Imran Khan and all provincial chief ministers for agreeing...
PSX: 195 seconds of additional trade declared valid
KARACHI: Trade continued for 195 seconds beyond the scheduled closing at 1pm at the Pakistan Stock Exchange (PSX) on Friday (April 17).
This...
Coronavirus: ‘Blue-eyed’ companies earned billions after tax exemption on 61 imported goods
ISLAMABAD: A few ‘blue-eyed’ companies, mostly related to the medical equipment and machinery, have allegedly pocketed billions of rupees in the wake...
Govt releases Rs963m for Revenue Division projects
ISLAMABAD: The federal government has so far authorised release of Rs962.725 million for various ongoing and new projects of the Revenue Division...
Govt finalising scheme to support SMEs: minister
ISLAMABAD: The government is finalising a scheme to support small and medium industries across all sectors and it would be announced shortly,...
KP govt fears 1.3m people could lose jobs if lockdown extended to 45 days
At least 1.3 million people could lose their jobs if a 45-day lockdown is put in place, a report prepared by the...