Asian stock markets rise on China GDP data
Asia markets posted healthy gains in Friday trade after official data in China showed the coronavirus pandemic had not hit economic growth...
Stocks stage 1,500-point rally after SBP’s rate cut
KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index accumulating almost 2,000 points intraday.
Following...
SBP awards licence to International Industries to operate in North America
This venture will also enable the company to utilise and expand its current capacity and improve export volume in a higher margin territory, offsetting the impact of the slowdown in its traditional export markets.
Oil climbs as Trump lays out reopening of virus-hit US
But prices found some support as traders headed into the weekend after Trump laid out guidelines for a reopening of the world's top economy — which accounts for the most virus deaths of any country.
KPRA exempts sales tax on cash distribution services under EECTI
ISLAMABAD: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has exempted the payment of sales tax on services for distribution of emergency cash assistance...
US virus job losses hit 22 million as Trump eyes restart
Washington: Job losses from the coronavirus pandemic in the United States reached 22 million on Thursday, government data said, as President Donald...
PM Imran lauds debt relief measures by G20, IMF, WB for developing countries
Prime Minister Imran Khan has appreciated debt relief measures by G-20 countries, IMF and World Bank for developing countries, including Pakistan.
He was...
IMF approves $1.4bn in coronavirus aid to Pakistan
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $1.386 billion under the Rapid Financing Instrument...
Indus Motors shuts its production plant down
LAHORE: The Indus Motors Company has announced to shut its production plant down as per the federal government's ordinance and advisery.
Through a...
Google to help Pakistani businesses with remote working
Google has announced a free virtual workshop in a bid to help Pakistani businesses cope with remote working and transition into digital...
200bps decrease in policy rate provides govt Rs1tr cushion: Pasha
Former finance minister and eminent economic expert Hafeez Pasha on Thursday said the reduction of 200 basis points by the State Bank...
Pakistan among 76 countries to get debt relief from May 1
–FM Qureshi says developing countries would get relief on both the principal and interest amounts
–Relief would be given by all financial institutions,...
Sugar Mills Association terms investigation report ‘one-sided’
LAHORE: The Pakistan Sugar Mills Association (PSMA) on Thursday submitted a detailed response to the Federal Investigation Agency (FIA) over the sugar crises...
SBP reserves rise $252m to $10.9bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $252 million to $10,974.6 million during the week...
Pakistan to export sanitisers, masks in wake of COVID-19
ISLAMABAD: As the country is currently importing testing kits, masks and other medical material to fight the coronavirus pandemic, the government has...