Textile exporters fear ‘severe liquidity crisis’ amid global port closures
Exporters demand payments of all loans, interests, taxes and govt levies to be deferred, zero-rating to be resorted and pending refunds released at the earliest
COVID-19: Pakistan suspends int’l inbound flight operations for two weeks
ISLAMABAD: Pakistan on Saturday suspended all international inbound flight operations for two weeks in a bid to contain the coronavirus pandemic, the...
WB to provide $238m, ADB $350m to combat COVID-19 pandemic: Firdous
Special Assistant on Information and Broadcasting Dr Firdous Ashiq Awan has said that the World Bank will provide $ 238 million while...
CPEC to go ahead despite coronavirus pandemic: Qureshi
BEIJING: The China Pakistan Economic Corridor (CPEC) would go ahead despite the impact of the Covid-19 pandemic, as two countries are committed...
IMF agrees to give tax concession to virus-hit businesses
ISLAMABAD: Keeping in view losses to the national economy in the wake of the coronavirus pandemic, the International Monetary Fund (IMF) has...
European stocks rise, but Wall Street slumps
LONDON: European stock markets pushed higher on Friday at the end of another volatile week as the European Central Bank (ECB) unleashed...
IMF sees severe impact from COVID-19 pandemic on global economy
WASHINGTON: The impact of the global coronavirus pandemic will be “quite severe,” but a long expansionary period and high employment rates mean...
Federal Cabinet okays Atif Bukhari as BoI Chairman
ISLAMABAD: The federal cabinet has approved the name of Atif Bukhari as the new Chairman Board of Investment (BOI), local media reported.
Former...
COVID-19: Top central banks launch new bid to keep dollars flowing
London: Leading central banks on Friday announced a new effort to keep dollars pumping through the virus-plagued world economy.
Starting on Monday, certain...
COVID-19: Govt exempts 61 vital medical equipment from taxes
ISLAMABAD: The government on Friday exempted 61 compulsory medical-related equipment and machinery from taxes amid COVID-19 pandemic.
As per a notification issued by the...
Firdous hints two-week lockdown as coronavirus cases surge
ISLAMABAD/KARACHI: As the first coronavirus patient died in Karachi, the Sindh government on Friday urged citizens to practice self-isolation for three days whereas...
Establishment of National Tax Council notified
ISLAMABAD: As per the decision of the National Finance Commission’s Monitoring Committee, the Finance Division on Friday notified the establishment of National...
PTA issues advisory for telecom operators, stakeholders
Amid the spread of coronavirus, Pakistan Telecommunication Authority on Friday issued a wide-ranging advisory to its licensees, directing them to remain fully...
SBP announces six relaxations for exporters impacted by COVID-19
KARACHI: The State Bank of Pakistan (SBP) has announced six different relaxations to help exporters facing declining demand in overseas markets and...
Govt redirects $40m non-utilised WB funds to fight coronavirus
The federal government on Friday redirected $40 million non-utilised funds from World Bank projects that can be used by the federal and...