Suzuki Motor says suspending vehicle production in Japan from April 1
TOKYO: Japan's Suzuki Motor, says suspending vehicle production at all Japan plants from April 1-3.
The Suzuki Motor further said suspension is due...
Govt urged to renegotiate terms with IMF to fight off corona impact
Pakistan must renegotiate its terms and conditions for the current Extended Fund Facility (EFF) with the International Monetary Fund (IMF) amid the...
COVID-19 scare: Govt defers privatisation of 28 public sector entities
ISLAMABAD: Following the situation emerging due to spread of deadly coronavirus, the Privatisation Division has deferred the sale of 28 public sector...
Stock markets retreat as nervous investors pocket week’s gains
Stock markets on both sides of the Atlantic retreated Friday as investors banked profits from the week's rally sparked by massive government...
Imran Khan directs ministry not to increase gas tariff
ISLAMABAD: No additional burden would be shifted to the gas consumers, rather steps would be taken to facilitate them under the recently...
Oil plunges to lowest level since 2003
LONDON: Oil prices slumped a new on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as...
Foreign outflows approach $1.6bn
KARACHI: Total gross divestment during March 2020 has just reached $1.579 billion, according to data released by the State Bank of Pakistan...
Telecom operators introduce new services to promote work from home
ISLAMABAD: All four telecom operators in the country have come forward with services facilitating work-from-home in the current circumstances owing to coronavirus...
Coronavirus inflicts Rs30bn loss on Pakistan’s economy
--'Banks will have to bear the burden of more non-performing loans, deferred mark-up payments, lower capital gains etc.'
--'Exports to suffer the most...
Calls mount for new OPEC+ deal as oil prices and demand slide
MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...
Suspension of flight operation leaves PIA in financial distress
The suspension of flight operations across the country amid the coronavirus outbreak has virtually pushed the Pakistan International Airlines (PIA) towards severe...
KP retailers, pharmacies jack up prices amid virus lockdown
PESHAWAR: Prices of daily use items have witnessed an increase up to 15 per cent in the markets of Khyber Pakhtunkhawa because...
IMF chief says ready to help Pakistan avert corona crisis
'Our team is working expeditiously to respond to PM Khan's request so that a proposal can be considered by the IMF’s Executive Board as soon as possible'
Dubai braces for financial hit as virus batters vital tourism
DUBAI: The sundecks on Dubai’s beaches lie empty, and red flags warn visitors away from the waterfront to protect the Middle East’s...
IMF says global output to contract in 2020, exploring financing options
WASHINGTON: The coronavirus pandemic will cause global economic output to contract in 2020, top officials of the International Monetary Fund said on...