Trade deficit shrinks 26pc in 3QFY20
ISLAMABAD: The country’s trade deficit witnessed a significant reduction in the first three quarters of the current financial year (FY20), as it...
Get ready for wartime levels of national debt and tough choices ahead
Governments are launching one rescue package after another in hopes of preventing economic catastrophe as the coronavirus pandemic rampages around the world, shutting...
The A, B, C and D of leadership in crunchtime
As the Corono pandemic hits Pakistan at a time of a general economic downturn, it is important for business leaders not to lose track of the role they have to play in this moment
Punjab textile millers seek exemption from lockdown
LAHORE: The All Pakistan Textile Mills Association (APTMA)-Punjab on Friday urged the provincial government to exempt textile mills from the ongoing lockdown,...
Airlift services to remain suspended till 30th
LAHORE: Bus sharing service Airlift has said that its services will continue to remain suspended till April 30, 2020.
The announcement was made...
Chemical manufacturers urge govt to facilitate clearance of goods
LAHORE: Pakistan Chemical Manufacturers Association (PCMA) Chairman Abrar Ahmad has urged Prime Minister Imran Khan and Adviser to PM on Commerce Abdul...
Outbreak’s global economic cost may top $4 trillion
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related...
Tech companies lay off employees, decrease salaries as uncertainty looms
LAHORE: Prominent software houses and tech companies have decreased the size of their workforce as well as reduced the salaries of their...
Export related industry to start operation in phased manner: Razzaq
FAISALABAD: Adviser to Prime Minister on Commerce Abdur Razzaq Dawood has said that the government has made a strategy to allow export...
ADB warns global cost of coronavirus could top $4 trillion
MANILA: The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the...
Investors look to China for a glimpse of life after coronavirus
China's recovery from the coronavirus outbreak may hold investable lessons for the rest of the globe, according to fund managers who are...
KSE-100 extends rally, registers highest-ever weekly gain
KARACHI: The stock market extended its rally on Friday, with the benchmark KSE-100 settling higher by 839.12 points at 31,621.79 points.
Among other...
Oil slips amid doubts price war will end soon
Oil prices slipped Friday as doubts grew over US President Donald Trump's claim that Russia and Saudi Arabia planned to end their...
Pakistan’s economic growth faces headwinds in 2020, recovery in 2021: ADB
ISLAMABAD: Economic growth in Pakistan is expected to slow to 2.6 percent this year due to ongoing stabilisation efforts, slower growth in...
Saudi Arabia seeks urgent OPEC+ meeting to stabilise oil market
Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to “stabilise...