WB considering to enhance funding for Pakistan to combat COVID-19
ISLAMABAD: The World Bank (WB) is considering to increase funding to $1 billion for Pakistan to respond to the coronavirus outbreak.
WB Country Director...
Punjab govt bars eviction of tenants for two months
–Govt directive says no landlord shall evict any tenant over non-payment or delay in rent during lockdown period
–Also bars quarantined persons from...
‘Looming recession’: Experts suggest govt to push for rescheduling of foreign loans
LAHORE: Economic experts have suggested the government to try and convince international donors to reschedule loans for Pakistan so that the country...
ADB triples Covid-19 response package to $20bn
ISLAMABAD: The Asian Development Bank (ADB) on Monday tripled the size of its response to the novel coronavirus pandemic to $20 billion and approved...
Mineral Development Corporation approves ‘lucrative package’ for newly appointed MD
ISLAMABAD: After getting approval from the federal government, the Board of Directors of the Pakistan Mineral Development Corporation (PMDC) has endorsed a...
Economic affairs division becomes new ministry
ISLAMABAD: The Ministry of Finance, Revenue & Economic Affairs has been bifurcated into two ministries, namely the Ministry of Finance and the...
Trump says global oil production cut should help industry recover
WASHINGTON: US President Donald Trump said on Monday the OPEC+ group of oil producers is looking to cut output by 20 million...
Amazon to add 75,000 more jobs amid virus pandemic
Amazon.com Inc said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers as...
Pakistan’s exports likely to drop by 19.7pc in FY20: WB
ISLAMABAD: The World Bank has forecast that if the novel coronavirus (COVID-19) lasts longer than expected, Pakistan's exports could plunge by 19.7pc...
Govt urged to withdraw CNIC requirement for sales to unregistered persons
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) on Monday urged the government to immediately waive the CNIC requirement for sales...
Stocks plunge 1,000 points on economic concerns
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a lacklustre start to the week, with the benchmark KSE-100 Index shedding over 1,100 points...
Health or wealth? Nations pressured to loosen virus rules
MADRID: As the coronavirus pandemic throws millions out of work and devastates economies worldwide, governments are struggling with the delicate balance between...
Saudi Arabia cuts May crude prices to Asia by $4.2 per barrel, says document
DUBAI: Saudi Arabia has announced its official crude pricing (OSP) for May, selling oil more cheaply to Asia, while keeping prices flat...
South Asia’s economic growth to slump, World Bank warns
South Asia faces its worst economic performance in 40 years because of the coronavirus, the World Bank has said.
The effects will unravel...
Amazon stops accepting new online grocery customers amid surging demand
Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores...