Bloodbath continues at PSX; index plunges 1,336 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Wednesday, with the KSE-100 Index nosediving to its six-year...
Textile exporters fear ‘severe liquidity crunch’, seek PM’s intervention
LAHORE: Textile exporters on Wednesday made an appeal to Prime Minister Imran Khan to intervene and ensure the suspension of sales tax...
Govt to procure record wheat worth Rs280bn: Asad Umar
'If I was a member of the monetary committee, I would have suggested a bigger cut in interest rate'
Air freight traffic fell around 10pc in February, IATA says
PARIS: Figures to be published next week will show global air freight traffic fell around 10pc in February, putting it on course...
‘Govt working on local manufacturing of ventilators’
--Official says body on coronavirus will soon test drugs that are believed to be useful in curing the disease
--Says developers have been...
Oil majors slash 2020 spending 18pc after prices slump
LONDON: The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a...
Stocks rebound passes 10pc after $2 trillion US stimulus boost
LONDON: A rebound in world stocks reached a lofty 11 per cent on Wednesday and commodities made gains too, as coronavirus-battered markets...
APTMA urges govt to defer gas, electricity bills during lockdown period
LAHORE: The All Pakistan Textile Mills Association (APTMA) on Wednesday urged the Sui Northern Gas Pipelines Limited (SNGPL), power distribution companies (DISCOs) and...
SBP relaxes import rules for medical supplies
KARACHI: The State Bank of Pakistan has relaxed import regulations on medical equipment in order to help the country fight the COVID-19...
Calls grow for govt to invoke force majeure in LNG deal with Qatar
ISLAMABAD: Amid slow demand for costly liquefied natural gas (LNG) deal due to lockdown in the country in the wake of fast...
Rupee falls to 162 against dollar in interbank
KARACHI: The Pakistani rupee was quoted to be trading at 162 in the interbank, sliding to its lowest since June 2019 in...
Trading at PSX suspended as KSE-30 plunges by 5%
Despite the Rs 1,000 billion huge relief package announced by the government to support the economy, trading at Pakistan Stock Exchange (PSX)...
COVID-19: AKzo Nobel stops operations till April 6
The Akzo Nobel Pakistan Limited has announced that it has stopped its operations with immediate effect including plants and offices till April...
Rupee weakens further vs dollar in early trade
The downfall of Pakistan rupee continued in early trade as it was traded at 160.30/161 in the interbank market on Wednesday.
The rupee...
Asia rides Wall St surge as investors hope US $2 trillion stimulus
Asian shares extended their rally on Wednesday in the wake of Wall Street's massive rebound as the US Congress appeared closer to...