National Refinery extends suspension of production activities
The National Refinery Limited on Friday announced that it had decided to continue with the temporary shutdown of production until the situation...
Rate of inflation for essential items falls: Asad Umer
Federal Minister for Planning and Development Asad Umar has said the rate of inflation for essential products has fallen to less than...
Nishat Mills partially resumes operations
The Nishat Mills Limited on Friday announced that it has partially resumed its production activities and operations, said the company in a...
FBR seeks exporters bank details in IBAN format to pay duty drawback
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday directed exporters to provide bank details in IBAN format to pay them duty...
Chinese LED street lamps to light up economic zone in Islamabad
BEIJING:Recently, LED street lamps produced by Sichuan Sunfor Light Co, Ltd, a leading Chinese enterprise in the lighting industry, were officially delivered...
Gold hits 1-month peak fuelled by Fed’s new stimulus measures
“Gold's rallying because this monetary largesse will eventually have to be repaid and that payment may come as sudden higher inflation somewhere...
EU ministers agree on half-a-trillion euros support for virus-hit economies
European Union Finance Ministers have agreed on half-a-trillion euros support for their coronavirus-battered economies.
The agreement to this effect was reached during the...
Oil prices fall sharply as top producers hold key talks
Oil prices fell sharply Friday as top producers attempted to finalise a crucial agreement on output cuts in a bid to counter...
Asian markets mixed after Fed stimulus boosts Wall Street
The Asian markets were mixed in morning trade on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight.
In its...
Pakistan to receive $1.4billion IMF in coming week: Sanchez
ISLAMABAD: Resident Representative of International Monetary Funds (IMF) in Pakistan Maria Teresa Daban Sanchez has that Pakistan would receive $ 1.4 billion...
Pakistan pledges $3m towards SAARC Covid-19 Emergency Fund
Pakistan has pledged three million US dollars towards SAARC Covid-19 Emergency Fund to support regional efforts in the fight against Coronavirus.
In a...
IMF head sees worst economic downturn since Great Depression
WASHINGTON: The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries...
Oil-producing nations seek global deal to stabilise market
MOSCOW: Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude...
FBR proposes ‘electronic fiscal devices’ for integrated enterprises
ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the installation of electronic fiscal devices for integrated enterprises.
The tax department on Thursday...
‘Ehsaas’: Capital administration disburses Rs9.6m among 8,000 beneficiaries
ISLAMABAD: The federal capital administration with the help of the Poverty Alleviation Division on Thursday disbursed Rs9.6 million among 8,000 beneficiaries under...