Swvl leads with initiatives to facilitate masses amid corona crisis
As the country comes to a standstill in an effort to prevent the further spread of the coronavirus, a lot of people...
SBP cuts key interest rate by 150bps to 11pc
KARACHI: The State Bank of Pakistan (SBP) has decided to cut the country’s policy rate from 12.5pc to 11pc in an emergency...
Airlines hike estimate of virus revenue hit to $250 billion
LONDON/PARIS: Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate...
KSE-100 sinks 2,100 points amid virus uncertainty
KARACHI: The Pakistan Stock Exchange (PSX) took a massive beating on Tuesday, with the KSE-100 Index nosediving below the 29,000-mark intraday, triggering a...
Coronavirus: Carmakers answer pleas to make medical supplies
Car firms are answering calls from governments to help make more ventilators and face masks to help out during the coronavirus pandemic.
On...
Azeem Iqbal Pirani appointed CEO of Pak-Qatar Family Takaful
Pak-Qatar Family Takaful recently announced the appointment of Azeem Iqbal Pirani as its new Chief Executive Officer (CEO), effective from March 2020.
Azeem...
Punjab govt urged to allow manufacturing of exportable items
LAHORE: The All Pakistan Textile Mills Association (APTMA)-Punjab has taken up the issue regarding 'closure of textile mills during the lockdown period...
COVID-19: Hafeez chairs meeting to streamline funding for relief measures
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh here Tuesday chaired a meeting to smoother the funding...
Gold price soars Rs 4,500 per tola
After staying low following liquidity induced withdrawals, gold increased by Rs 4,500 in the local market to reach Rs 93,300 per tola.
Ten...
Trading halt at PSX after KSE-30 opens 6.97pc lower
The trading at the Pakistan Stock Exchange (PSX) was halted on Tuesday in the first five minutes as KSE-30 opened 6.97 percent...
PSX finally launches Exchange-Traded Funds
KARACHI: The Pakistan Stock Exchange (PSX) has finally launched its new product, Exchange-Traded Fund (ETF), according to a statement issued by the...
Coronavirus pandemic savaging global economy: Surveys
Evidence of the devastation wreaked on the global economy by the coronavirus pandemic mounted on Tuesday as activity surveys for March from...
COVID-19: Pak Suzuki shuts factory, showrooms
The Pak Suzuki Motor Company Limited (PSMC) has stopped its operations including factory as well as showrooms till further notice following the...
PSX halt duration increased to 2 hours during lockdown period
ISLAMABAD: In view of the fact that banks and stock markets are vital instruments of the country’s financial system, Securities and Exchange...
Asia markets rally as Fed unveils ‘game changer’ support package
Asian markets and crude prices surged while the dollar sank Tuesday after the Federal Reserve unveiled an unprecedented bond-buying programme to support...