SECP asks stock brokers to avoid unlawful financing
ISLAMABAD: In a bid to curb unlawful financing, the Securities and Exchange Commission of Pakistan (SECP) has warned the stock market brokers...
Covid-19 scare: PSX nosedives as KSE-100 loses 2,200 points
KARACHI: The Pakistan Stock Exchange (PSX) nosedived on Monday after the benchmark KSE-100 Index dropped over 2,200 points in the opening hours...
Asian markets fall as Fed rate cut fuels fears for US economy
Asian markets fell on Monday as another US interest rate cut and fresh stimulus measures failed to lift confidence, with analysts warning...
Raging COVID-19 makes zero rates a possibility as Fed meets
WASHINGTON: The US Federal Reserve will have one job next week: convince the world they are doing everything they can to blunt...
Lahore-based B2B marketplace gets Y Combinator’s backing
Tajir, a Lahore-based B2B marketplace for mom and pop stores, has finally made it to Y Combinator to capture local market.
The new...
State Bank ready to battle any market shocks amid coronavirus crisis
The State Bank of Pakistan (SBP) has said it is ready to take action to support financial markets during COVID-19 pandemic outbreak...
Centre, provinces to create body to resolve multiple taxation issues
ISLAMABAD: As Pakistan is yet to move forward on easing taxes for businesses- one of the major hurdles impeding the country’s position...
Australia, South Korea call for G-20 talks amid market rout
Australia and South Korea on Sunday called for meetings of leaders and finance chiefs from the world’s top industrial and emerging nations...
Govt collects Rs385bn from petroleum levy in two years
ISLAMABAD: The federal government has collected around Rs385 billion on account of the Petroleum Development Levy (PDL) in the last two years...
SEZs to lift exports to $1.5bn per annum: Mian Kashif
LAHORE: The Special Economic Zones (SEZs) would help Pakistan enhance its exports by $1 billion to $ 1.5 billion per annum in...
2019: Saudi Aramco profit slides 20.6pc on lower crude prices
Saudi Aramco reported Sunday a 20.6 per cent drop in 2019 net profit due to lower crude prices and production levels, in...
Airline Swiss to ground half its fleet, cut work hours
ZURICH: Lufthansa subsidiary Swiss International is taking half its fleet out of service and reducing working hours for flight personnel to help...
Urea price differential may lead to higher offtake for FFC
LAHORE: A 3pc YoY decline in urea offtake has neutralised the impact of higher urea prices (Rs260 per bag over 2019 vs....
Govt’s decision to seal Torkham border irks KP traders
‘Border should be closed for public but not for freight vehicles’
UAE central bank announces $27bn plan to contain coronavirus
CAIRO/DUBAI: The central bank of the United Arab Emirates (UAE) announced on Saturday a 100 billion dirham ($27 billion) economic plan aimed...