BRT cost increased by 17pc, observes PHC
ISLAMABAD: The Supreme Court on Tuesday adjourned the hearing of the case regarding the Peshawar Bus Rapid Transit (BRT) project for one month.
A...
Foreign outflows reach close to $1bn
KARACHI: Total gross divestment during March 2020 has reached $995 million, according to data released by the State Bank of Pakistan (SBP),...
Engro Corp reports 32pc increase in revenue
KARACHI: Engro Corporation on Tuesday released its annual report for the year ended on December 31, 2019.
According to the annual report, Engro...
Moody’s lowers growth forecast for Pakistan to 2.5pc for FY20
ISLAMABAD: As Moody’s Investor Service says global spread of new coronavirus (COVID-19) will significantly slow economic growth, the global rating agency on...
Textile sector, economists ‘disappointed’ with SBP’s new interest rate
'SBP should waive interest rates for three months and freeze all repayments till coronavirus situation improves'
Brent crude sinks below $30/bbl as recession fears weigh
NEW YORK: Brent crude fell below $30 a barrel on Tuesday to its lowest since 2016, as the coronavirus pandemic hits economic...
FBR confiscates non-duty paid cigarettes worth over Rs60m
ISLAMABAD: The Federal Board of Revenue (FBR) has confiscated 4.2 million non-duty paid cigarettes, worth over Rs60 million, in two different raids.
According...
Punjab govt fails to collect tax from properties located on national highways, motorways
LAHORE: Despite a lapse of seven months or so, the Punjab Excise, Taxation and Narcotics Control (ET&NC) department has yet to start...
SECP introduces cybersecurity framework for insurance sector
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines on cybersecurity framework for the insurance sector, providing principles to...
SBP cuts key interest rate by 75bps to 12.50pc
Bank announces Rs5bn scheme to combat coronavirus
Consumer sector profits dip 26pc in 2019
LAHORE: The profitability of Pakistan’s consumer sector- staples, pharmaceuticals and discretionaries- witnessed a decline of 26pc year-on-year in 2019, led by consumer...
Motorbike, three-wheeler sales drop 9.6pc
ISLAMABAD: The sale of motorbikes and three-wheelers witnessed a decline of 9.68pc during the first eight months (July-February) of the current financial...
Stocks plunge over 1,000 points as coronavirus intensifies in Pakistan
KARACHI: After registering its biggest decline in a decade yesterday, the Pakistan Stock Exchange (PSX) continued with its downward trajectory on Tuesday,...
Crescent Steel gets Rs 1,688 million contract from SNGPL
KARACHI: The Sui Northern Gas Pipelines Limited (SNGPL) has awarded a contract to Crescent Steel and Allied Products Limited for the supply...
Zafar Masud appointed BOP President
KARACHI: Zafar Masud has been appointed the president and CEO of the Bank of Punjab (BoP) by the Punjab government.
The appointment was...