Goldman predicts 36pc drop in iPhone shipment, says time to sell Apple shares
Goldman Sachs said on Friday it expects iPhone shipment to drop 36 per cent during the current quarter due to coronavirus-related lockdowns...
Big industry contracts 3pc in eight months
ISLAMABAD: Growth in large-scale industries contracted by 3.03pc during the first eight months of FY20 due to lower than expected demand, rising...
Dollar falls to Rs163.58 as rupee makes sharp recovery
KARACHI: The rupee made a significant recovery on Friday as the dollar fell by Rs3.3 to close at Rs163.58 in the interbank...
Govt launches fixed-tax scheme to woo builders, land developers
–Advance tax on auction of properties reduced to 5pc; sales tax on construction services in ICT brought to zero
–Incentive package to apply on...
WB chief says more trade will ease pandemic’s economic impact
WASHINGTON: World Bank President David Malpass said on Friday that countries need to allow more trade in order to recover from the...
Weekly inflation up 0.15pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended April 16 witnessed a nominal increase of 0.15pc when compared...
Bangladesh: Garment workers demand unpaid wages as orders stop
DHAKA: Hundreds of Bangladeshi workers who produce garments for global brands blocked a highway at a protest demanding their unpaid wages during...
Experts say rate cut ‘insufficient’ amid corona crisis
LAHORE: Economic experts and members of the business community believe that the 200bps rate cut announced by the State Bank of Pakistan...
3QFY20: Textile exports increase 4.24pc to $10.4bn
ISLAMABAD: Textile exports from the country increased by 4.24 per cent during the first three quarters of the current fiscal year as against...
IHC seeks govt policy on power tariff for factories
ISLAMABAD: Islamabad High Court (IHC) Friday sought answer from the federal government in a petition of a local cement factory seeking relaxation...
Business magnate Ali Suleman Habib passes away at 63
Prominent businessman and a scion of one of Pakistan's oldest business families, Ali Suleman Habib passed away in Karachi on Friday after...
China suffers historic contraction as virus paralyses economy
China's economy shrank for the first time in decades last quarter as the coronavirus paralysed the country, in a historic blow to...
Cabinet approves ordinance for construction industry
The federal cabinet has approved an ordinance giving legal effect to the incentive package for the construction industry.
Under the ordinance, a fixed...
DG Cement resumes plant operations at Khairpur
D G Khan Cement Limited (DGKC) has resumed production processes at its plant site at Khairpur, Tehsil Kallar Kahar, District Chakwal, informed...
Rupee climbs vs dollar after IMF approves $1.4b for Pakistan
The rupee strengthened by Rs2.6 or 1.5pc against the greenback on Friday after the International Monetary Fund (IMF) approved an amount of...