SBP’s rate cut will not help improve country’s economy: Hafeez Pasha
Former Federal Finance Minister Dr Hafeez Pasha has said the State Bank of Pakistan (SBP) has not cut the policy rate keeping...
Coronavirus: SBP directs banks to promote digital payments
KARACHI: The State Bank of Pakistan (SBP) on Wednesday introduced new measures to reduce the need to visit bank branches or ATMs,...
SECP links short selling with uptick rule in future market
In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan (SECP), in...
Public debt to remain 83pc of GDP in FY20
ISLAMABAD: The country’s public debt will remain 83 per cent of the Gross Domestic Product (GDP) during the current fiscal year (2019-20),...
Big industry contracts 3.4pc in seven months
ISLAMABAD: The Pakistan Bureau of Statistics on Wednesday reported that growth in the large-scale industries has contracted by 3.37pc in the first...
Exports decline 4.1pc to $2.4bn in Feb
KARACHI: The total exports of goods and services in the month of February stood at $2.449 billion, a decrease of 4.1 per...
Foreign outflows cross $1bn mark
KARACHI: Total gross divestment during March 2020 crossed $1.122 billion, according to data released by the State Bank of Pakistan (SBP), in...
Are ‘market halts’ effective enough to ease investors’ panic?
Heightened market volatility witnessed during the past week and a half has triggered five market halts at the Pakistan Stock Exchange (PSX)....
Govt approves emergency response programme to tackle coronavirus
MoP clears $238m from World Bank’s funding, endorses another $350m from ADB
US crude hits 18-year low as lockdowns spread
LONDON: Oil prices fell for a third session on Wednesday, with US crude futures tumbling to an 18-year low and Brent hitting...
COVID-19: Airlift suspends operations, SWVL pauses intercity service
Careem, Uber to continue operations
Amreli Steels rebars’ production likely to drop 8,000MT in 3QFY20
LAHORE: The Amreli Steels Limited (ASTL) informed the Pakistan Stock Exchange (PSX) on Wednesday that its rolling mill would remain non-operational for...
Cotton arrivals fall 20.3pc to 8.57m bales
MULTAN: Seed cotton equivalent to 8.57 million bales reached ginneries across Pakistan till Mar 15, 2020, registering a 20.36pc shortfall compared to...
Govt urged to allow freight transportation to Afghanistan
PESHAWAR: Traders of Khyber Pakhtunkhwa (KP) on Wednesday demanded the government to keep the Torkham border open for the transportation of goods-laden...
PSX continues to bleed, index sheds 2,200 points
KARACHI: Bears extended their control on the Pakistan Stock Exchange (PSX) on Wednesday, with the indices nosediving right from word go, triggering...