COVID-19: Pakistan approaches multilateral creditors to seeks debt moratorium
ISLAMABAD: In the wake of the coronavirus outbreak in the country, Pakistan has approached multilateral creditors to seek debt moratorium, a local...
Rupee makes sharp recovery against dollar
KARACHI: After suffering a massive loss in early trade on Friday morning, the Pakistani Rupee made a sharp recovery against the US dollar...
Oil gains as govts pledge support amid coronavirus chaos
Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the...
Gold shines in coronavirus shadow
LONDON: Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the...
Imports, exports declining in country due to coronavirus pandemic: Hammad
Minister for Economic Affairs Hammad Azhar has said that the government is in contact with the world financial institutions including World Bank,...
G20 leaders pledge $5tr to combat coronavirus
WASHINGTON: G20 nations pledged a "united front" Thursday in the fight against coronavirus, saying they were injecting $5 trillion into the global...
Japan provides $236,230 assistance for uplift projects in Pakistan
ISLAMABAD: The government of Japan, as a part of efforts to promote human security, has decided to provide financial assistance of US$...
Govt will not allow businesses to go bankrupt due to cash flow: Dawood
Adviser to the Prime Minister on Commerce, Industry and Investment Abdul Razzak Dawood on Thursday said the government would neither allow a...
APTMA seeks early notification of ECC-approved power tariff
LAHORE: All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has urged the government to immediately notify the already approved electricity...
OMCs asked to cancel oil import orders as demand drops
ISLAMABAD: The Ministry of Energy (Petroleum Division) has directed all oil marketing companies and refineries to cancel their planned import of motor...
FFC announces further cut in urea price
With an aim to support the farming community to reduce farm input cost, Fauji Fertilizer Company Ltd (FFC), the largest fertilizer manufacturing...
Global oil refiners to deepen output cuts as coronavirus destroys demand
SINGAPORE/NEW DELHI/SEOUL/HOUSTON: Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more...
Soneri Bank posts Rs1.9bn profit for 2019
The annual financial statements of Soneri Bank Limited for the year ended 31 December 2019 were approved by the bank’s shareholders in...
IMF asks G20 to back doubling of its emergency financing to fight virus
WASHINGTON: The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its...
SBP reserves drop $690m to $11.9bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $690 million to $11,989.2 million during the week ending...