SNGPL seeks 100pc increase in gas tariff
ISLAMABAD: The state-owned gas companies have proposed up to 100pc hike in gas price for the next fiscal year (applicable from July...
SBP reserves up $32m to $12.8bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $32 million to $12,789.9 million during the week ending...
Foreign divestment in T-bills reaches $607m
KARACHI: Total gross divestment during March 2020 reached $606.5 million, according to data released by the State Bank of Pakistan (SBP).
Foreign investors divested...
NA committee defers five bills to protest finance adviser’s absence
ISLAMABAD: The National Assembly (NA) Standing Committee on Finance and Revenue had recently deferred five government’s bills to protest the absence of Adviser...
Railways suffer Rs410m loss
ISLAMABAD: Pakistan Railways had suffered over Rs410 million in terms of losses in various train accidents between August 2018 and December 2019.
About the...
NA body directs FBR to expedite payment of refund claims
--Exporters say 'won't be able to continue their businesses owing to refund payments stuck with FBR'
--FBR official claims 'only those cases are...
Bloodbath at PSX; index plummets over 1,700 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed bloodbath on Thursday, as the indices nosedived right from the word go, triggering...
COVID-19: Staff at ADB headquarters to work from home
MANILA, PHILIPPINES: Staff at the Asian Development Bank’s (ADB) headquarters in Manila, Philippines is temporarily working from home from Thursday following advice...
Electric vehicle push struggles to accelerate in Pakistan
ISLAMABAD: As Pakistan's first-ever electric three-wheeled rickshaws start to roll off the assembly line, the country is struggling to build momentum for...
Trading at PSX halted for 45 minutes as index falls 1,324 points
KARACHI: After witnessing Black Monday, the Pakistan Stock Exchange (PSX) once again witnessed another bloodbath on Thursday and was closed for 45 minutes...
ADB to make available $200m for companies manufacturing medicines for COVID-19
MANILA: The Asian Development Bank (ADB) will make available $200 million through its Supply Chain Finance Programme for companies manufacturing and distributing...
Saudi Arabia suspends all travel from Pakistan over COVID-19 fears
RIYADH: Saudi Arabia temporarily suspended travel of citizens and residents and halted flights with several states including Pakistan after coronavirus was labelled...
ECC special meeting today to review flour prices
ISLAMABAD: A special meeting of the Economic Coordination Committee will be held on Thursday (today) to discuss a detailed plan to keep...
CNIC condition: FBR to launch crackdown against non-compliant traders
KARACHI: Following the Pakistan Tehreek-e-Insaf government’s initiative, the Federal Board of Revenue (FBR) will launch a crackdown from next week against traders...
Stocks, crude oil hammered after Trump bans travel from Europe
Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to the US...