World Bank approves $160b emergency aid to fight Covid-19
The World Bank has approved 160 billion dollar emergency aid over 15 months to help countries deal with the impact of the...
PM Imran to announce massive package for construction industry today
ISLAMABAD: Prime Minister Imran Khan will announce a massive package for the construction industry today to maintain the economic activity affected due...
The world could soon run out of space to store oil; It may plunge prices below zero
The world's thirst for oil has evaporated.
Highways are empty. Planes are grounded. Factories are dark. The unprecedented collapse in oil demand has sent crude crashing...
Foreigners divest $1.73bn in March
KARACHI: Total gross divestment during March 2020 reached $1.735 billion, according to data released by the State Bank of Pakistan (SBP), in...
SBP reserves drop $804m to $11.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $804 million to $11,185.6 million during the week...
Moody’s says SBP measures will help Pakistani banks
KARACHI: Moody's Investors Service on Thursday said in a new report that the recent measures taken by the State Bank of Pakistan...
WAPDA to award Diamer-Bhasha Dam contract this month
--'The project is divided into six major components, for which separate contracts will be awarded in a phased manner'
--'The dam part of...
Wheat shortage in KP lifts 20kg flour price to Rs1,300
PESHAWAR: Due to the reduction in wheat grains supply to flour mills in Khyber Pakhtunkhwa, the price of 20-kilogram flour bag has...
Biotech company on a rush to develop COVID-19 vaccine from tobacco plants
The increasing number of coronavirus victims around the world has put all the research centres in efforts to develop a vaccine that...
Govt starts clinical trial of locally made ventilators
LAHORE: The government has started conducting clinical trials of locally made ventilators and in this regard, the prototypes of two already developed ventilators...
Govt mulls borrowing Rs300bn to compensate for Rs1.2tr package
ISLAMABAD: The federal government is mulling to borrow Rs300 billion from different sources to meet expenses of the recently announced Rs1.2 trillion...
Textile millers seek govt’s help as export orders likely to drop 50pc
LAHORE: Fearing that export orders may drop by 50 per cent in the wake of coronavirus-led lockdown, All Pakistan Textile Mills Association...
Stocks extend rally as index surpasses 30,000-mark
KARACHI: Continuing with the positive momentum from the previous session, indices of the Pakistan Stock Exchange (PSX) accumulated decent gains on Thursday,...
Oil rises as Trump talks up Saudi-Russia truce, recession fears limit gains
LONDON: Oil prices jumped 8 per cent on Thursday after US President Donald Trump said he expected Saudi Arabia and Russia to...
Coronavirus drives 6.65m workers to file for US jobless benefits
Another 6.65 million US workers filed for unemployment benefits last week, the most ever recorded, as the coronavirus forces businesses to shut...