MoC comes forward as exporters fear cancellation of orders
ISLAMABAD: As the country's exporters are faced with a loss of over $3 to $4 billion due to the global outbreak of...
Pakistan’s copper exports to China surge 400pc
BEIJING: Pakistan has confirmed a 400pc increase in the export of copper products to China during the last year.
According to a report...
FBR extends goods declaration period to 25 days
ISLAMABAD: Owing to the spread of coronavirus pandemic, the Federal Board of Revenue (FBR) has extended up to 25 days the time...
World equity markets edge higher despite oil plunge to 2002 lows
NEW YORK: Global equity benchmarks rose slightly on Monday despite a drop in oil prices to their lowest levels since 2002, as...
Healthcare start-up Dawaai raises seven-figure investment from Sarmayacar, Kingsway Capital
LAHORE: Online healthcare start-up Dawaai has raised investment from Pakistan-based Sarmayacar and London-based Kingsway Capital, a statement from Sarmayacar said.
Though the exact...
China takes steps to heal virus-hit economy as infections fall
WUHAN: China ramped up efforts on Monday to heal the world’s second-biggest economy as health authorities reported a further drop in new...
Foreign outflows hit $1.65bn; net investment falls to Dec-19 level
KARACHI: Total gross divestment during March 2020 has reached $1.654 billion, according to data released by the State Bank of Pakistan (SBP),...
Byco Petroleum suspends production amid low demand
KARACHI: Byco Petroleum Pakistan Limited has put its refinery on cold circulation due to “very low demand” for petroleum products.
Consumption of POL...
Saudi Arabia plans to boost oil exports to 10.6 million bpd from May
DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...
Car sales plunge 43pc in eight months
ISLAMABAD: The sale and production of cars dipped by 43.37pc and 45.83pc, respectively, during the first eight months of the current financial...
ADB approves $2m for Pakistan to battle COVID-19
ISLAMABAD: The Asian Development Bank (ADB) approved on Monday a further $2 million grant to support the government of Pakistan’s efforts to...
COVID-19: Banks take a hit on their spreads, lowest since April 2019
KARACHI: Pakistan’s banking sector spread fell by 33 basis points on a month-on-month basis to 5.37pc in February 2020. This is the...
Stocks dip 86 points in volatile session
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a volatile start to week, with the benchmark KSE-100 Index shedding 2.28pc intraday...
Bangladesh garment makers say $3bn in orders lost to virus
DHAKA: Bangladesh garment manufacturers say fashion retailers have cancelled or put on hold more than $3 billion in orders due to the...
Pakistani businessman in Japan offers to donate 16 ventilators for Pakistan
A Pakistani businessman, who is residing in Japan and deals in medical equipment, has offered to donate 16 ventilators for Pakistan.
In a...