Paris climate goals failure ‘could cost world $600tn’
Nations' failure to fulfil the promises they made in the Paris climate agreement to make drastic emissions cuts could cost the global...
GDP growth likely to contract further in FY20: SBP
--Average headline inflation projected to remain broadly unchanged at 11-12pc
--SBP says stabilisation efforts yielded improvements during the first half of FY20
KARACHI: The...
Foreign divestment in T-bills reaches $412m in April
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now below $1 billion, standing at $951 million, according...
Gold price surges to record Rs100,400 per tola
The gold price reached an all-time high of Rs100,400 in Pakistani markets on Tuesday, the All Sindh Saraf and Jewellers Association (ASSJA)...
Provinces agree to reopen construction sector, says minister
ISLAMABAD: Economic Affairs Minister Hammad Azhar has said that all provinces have agreed to reopen the construction sector amid coronavirus lockdown.
Addressing a...
Covid-19 ‘Great Lockdown’ to shrink global economy by 3pc in 2020: IMF
WASHINGTON: The global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that...
G7 backs debt moratorium for poor countries if G20 creditors, Paris Club join
WASHINGTON: Group of Seven (G7) finance officials on Tuesday vowed to continue to act as needed to combat the coronavirus pandemic and...
Traders in Sindh, KP, Balochistan announce to resume businesses tomorrow
Traders in three provinces-Sindh, Kyber Pakhtunkhawa and Balochistan- on Tuesday announced to resume their business operations from April 15, apparently challenging the...
COVID-19: Hafeez Shaikh hopeful of ‘debt relief’ for developing countries
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday expressed hope that financial and other forums...
Debt levels expected to sharply increase in 2020, stabilise as economies recover: IMF
WASHINGTON: Global debt is expected to increase significantly over the next year, the top economist of the International Monetary Fund said on...
Global airlines’ estimated virus losses rise to $314bn: IATA
PARIS/LONDON: Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25 per cent more than previously forecast, owing...
‘Kamyab Jawan’: PM decides to enhance loaning limit up to Rs25m
ISLAMABAD: Prime Minister Imran Khan on Tuesday decided to further provide greater entrepreneurship opportunities to the country’s youth by enhancing loan limits...
Stocks add 189 points in volatile trade
KARACHI: Investors at the Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index swaying both ways...
FBR directs field officers to complete ST refund process by 20th
ISLAMABAD: The Federal Board of Revenue (FBR) has directed all chief commissioners (Inland Revenue) to complete the sales tax refund process by...
JPMorgan profit falls on virus loan provisions
JPMorgan Chase & Co reported a 68 per cent slump in first-quarter profit on Tuesday as the coronavirus pandemic forced the largest...