Softbank fund warns of $16.7bn loss due to coronavirus
SoftBank expects to lose $16.7bn (£13.3bn) on firms it has invested in through its tech start-up fund.
The Japanese conglomerate is the world’s...
FFBL gets new chairman
The Board of Directors of Fauji Fertilizer Bin Qasim (FFBL) has appointed Waqar Ahmed Malik as Director and Chairman of the company...
Textile millers fear they may not survive Covid-19 crisis
APTMA seeks SBP, FBR, MoE support
IMF acknowledges Pakistan’s measures to contain spread of Covid-19
The International Monetary Fund (IMF) has acknowledged Pakistan's measures to contain the spread of the coronavirus, Radio Pakistan reported on Tuesday.
IMF's recent...
Asian markets higher as China trade data beats forecasts
Asian markets posted gains on Tuesday as better than expected Chinese trade data suggested a rebound from the economic devastation wrought by...
Global Investment Consortium mulls investing billions of dollars in Pakistan
ISLAMABAD: At the time when coronavirus pandemic has unnerved global economies and Pakistan is no exception, Pakistan holds good news for the...
Oil prices rise as Trump flags deeper output cuts
Oil prices rose Tuesday after US President Donald Trump said producers are considering cutting 20 million barrels per day — more than...
IMF approves debt relief for 25 poor countries to fight coronavirus
The International Monetary Fund has announced immediate debt relief for 25 poor countries to help them free up funds to fight the...
Millat Tractors to resume production operations from tomorrow
The Millat Tractors Limited has announced that it would resume production operations from April 15 (tomorrow), informed the company in a statement...
Investors of Rs 40,000 prize bond withdraw Rs 253b by April 10
The Central Directorate of National Savings (CDNS) has said the investors of Rs 40,000 prize bonds have withdrawn Rs 253 billion by...
SECP relaxes licence renewal requirement for insurance brokers, surveyors, ASOs
ISLAMABAD: Amid outbreak of COVID-19 in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) realising the difficulties faced by insurance brokers,...
Record oil output cuts fail to make waves in coronavirus-hit market
SINGAPORE/LONDON: The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain...
Abraaj founder Arif Naqvi contracts coronavirus
Founder of the once-mighty Middle Eastern private equity firm Abraaj has tested positive for COVID-19, it emerged on Monday.
Naqvi has said that...
WB sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON: The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the...
CMOs request NADRA to reduce biometric verification charges
ISLAMABAD: The first meeting of the Committee on Issues of Cellular Mobile Operators was held on Monday under the chair of IT...