National Refinery temporarily closes all of its production
The National Refinery Limited has announced that it will be temporarily closing down all of its production from March 25 as it...
Govt could miss privatisation target of PSEs, face Rs 150b deficit
ISLAMABAD: In the wake of the fast spreading coronavirus situation in the country and travel restrictions, the Prime Minister Imran Khan-led government...
UN launches $2 billion plan to combat coronavirus in vulnerable countries
The United Nations on Wednesday launched a $2 billion plan to fight coronavirus in the world's poorest countries, saying nobody was safe...
World Bank, IMF call for suspending debt payment by developing countries
The World Bank and International Monetary Fund (IMF) Wednesday urged upon its bilateral creditors to suspend debt payments from International Development Association...
23 Bank Alfalah employees suspected of COVID-19; Lahore branch shut
At least 23 employees of Bank Alfalah are suspected of COVID-19, according to a media report, and an internal email.
On Wednesday, local...
Is cash in Pakistan’s economy expected to rise?
KARACHI: In the midst of the COVID-19 pandemic, there has been anecdotal evidence to suggest that demand for cash has increased. Much...
Wheat farmers face transportation issues amid lockdown in Sindh
LAHORE: Amid lockdown across the country in the aftermath of coronavirus outbreak, wheat farmers in Sindh are facing issues in transporting their harvested...
Global watchdog IOSCO says determined to keep markets open
LONDON: Regulators will continue to cooperate closely to keep financial markets orderly and open during disruptions caused by the impact of coronavirus...
‘PIA losses may surge to Rs6bn by end-March’
ISLAMABAD: Aviation Minister Ghulam Sarwar Khan on Wednesday feared that the Pakistan International Airlines (PIA)’s losses might reach up to Rs6 billion...
SBP raises Rs551.7bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs551.7 billion through T-bills, against the auction target of...
Dollar soars to Rs161 in interbank trade
The Pakistani Rupee depreciated by Rs2.6 against the US Dollar in Wednesday's interbank session.
The local currency closed the day's trade at...
Govt seeks IMF’s help to insulate economy from coronavirus
–Hafeez Shaikh says Fund requested to provide additional $1.4bn to contain fallout, WB to provide $1bn
–Sys economy will slow down, Rs1.2tr announced...
COVID-19: SCCI demands relief package for KP SMEs
PESHAWAR: Hailing the financial relief package announced by the premier to save businesses from the coronavirus impact, the business community in Khyber...
Foreign divestment crosses $1.5bn mark
KARACHI: Total gross divestment during March 2020 has just reached $1.501 billion, according to data released by the State Bank of Pakistan (SBP),...
SBP records 4pc decline in food imports
ISLAMABAD: The import of food products into the country decreased by 3.92 per cent during the first eight months of the current...