Economists warn of recession amid virus lockdowns
'As Pakistan is highly dependent on developed markets for captial inflows, the country may wintness a sharp fall in exports, remittances, jobs etc.'
European shares dip as coronavirus fears intensify
The European shares fell for the second straight session on Monday, as fears about the economic hit from the coronavirus pandemic intensified...
Nishat Mills suspends operations due to COVID-19
The Nishat Mills Limited has decided to temporarily suspend its plant operations at all plant sites of the company with immediate effect,...
Extension allowed to Shanghai Electric for making POA to get 66.4% shares of K-Electric
The Securities and Exchange Commission of Pakistan has approved the request by Shanghai Electric Company (Acquirer) for extension of 90 days in...
Oil prices at 17-year lows as virus ravages world
Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world...
ECC meets today to approve PM’s relief package on Covid-19
A special meeting of the Economic Coordination Committee (ECC) of the Cabinet will be held on Monday (today) to approve the relief...
Asian markets resume losses as stimulus joy fades
Asian markets fell Monday following a steep drop on Wall Street as the jubilation from last week's enormous US stimulus package faded...
Millat Tractors suspends plant, office operations
The management of Millat Tractors has announced to suspend the plant and all office operations till lockdown period ends.
In a statement issued...
Excise Dept issues licenses to 16 hand sanitizer manufacturing companies
In the wake of coronavirus situation in the country, the Punjab Excise and Taxation Department has issued licenses to 16 domestic and...
Trump forces General Motors to produce ventilators
President Donald Trump issued an order last week that seeks to force General Motors (GM) to produce ventilators for coronavirus patients under...
Sindh govt orders disbursement of salaries among labourers by March 31
KARACHI: The Sindh government on Sunday issued a directive to the factories and other private entities operating in the province to disburse...
Three months that shook global markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has...
Dubai firm tied to Trump posts loss as virus downturn looms
DUBAI: Dubai's largest, fully private real estate developer posted on Sunday its first yearly loss since becoming a publicly traded company, a...
Textile industry wants special permission to keep factories open
LAHORE: Textile exporters have appealed to Prime Minister Imran Khan to consider exports on a par with essential services amid the coronavirus...
KP’s mobile phones business tumbles as coronavirus crisis deepens
SWAT: The coronavirus pandemic has hit the mobile phones business hard in Khyber Pakhtunkhawa as hundreds of thousands of people associated with...