Dollar jumps to Rs157.44 interbank
KARACHI: The US dollar maintained an upward trend against the Pakistani rupee in the interbank market for a second consecutive day on...
Amid expected dip in inflation, textile millers demand significant rate cut
LAHORE: Textile millers and economic experts on Tuesday urged the government to reduce the interest rate, currently at 13.25pc, to a single digit.
Talking...
Local assembling of mobile phones inflicts Rs7.6bn loss in 13 months
ISLAMABAD: The assembling of mobile phone sets in the country has caused approximately Rs7.6 billion loss to the national exchequer in the...
‘Chinese president to inaugurate Rashakai SEZ by June this year’
ISLAMABAD: After a delay of almost five months, the Rashkai Special Economic Zone of China Pakistan Economic Corridor would finally be inaugurated in...
Remittances rise 5.4pc to $15.1bn in eight months
KARACHI: Overseas Pakistani workers remitted $15,126 million during the first eight months of the current fiscal year, an increase of 5.4pc or...
PM launches data portal for equal distribution of development funds
ISLAMABAD: Prime Minister Imran Khan on Tuesday expressed the government’s determination to alleviate poverty from the country.
Addressing the launch ceremony of Data4Pakistan Portal...
‘Rate cut imminent’, analysts predict ahead of monetary policy meeting
KARACHI: As the State Bank of Pakistan (SBP) is all set to announce its monetary policy later this week, almost all major...
Tax Laws (Amendment) Bill 2019 recommended to lower house
ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs on Tuesday unanimously recommended the Tax Laws (Amendment) Bill 2019 to...
Coronavirus: PIA suffers Rs2bn loss as flights to KSA suspended
ISLAMABAD: The Pakistan International Airlines (PIA) has suffered a loss of Rs2 billion following the suspension of flights to Saudi Arabia in...
Amnesty scheme: FBR asked to explain 12,000 pending cases of taxpayers
ISLAMABAD: Taking suo moto notice of 12,000 pending cases of aggrieved taxpayers- who failed to avail last amnesty scheme- the Federal Tax...
Saudi Arabia, Russia raise stakes in oil standoff
DUBAI/MOSCOW: Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its...
Engro closes Karachi office after employee tests positive for Covid-19
KARACHI: An employee of Engro Corporation has tested positive for Covid-19, also known as the novel coronavirus.
According to an internal memo issued...
KSE-100 rebounds after Monday’s rout
KARACHI: After taking a thrashing in the previous session, the Pakistan Stock Exchange (PSX) managed to recover some of its losses on...
‘Govt focusing on export-led growth through development of SEZs’
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Tuesday that the government's strategy for the future of the country...
TAPI pipeline administration briefs Pakistan on progress of project
ISLAMABAD: Ambassador of Turkmenistan Movlamov Atajan, along with CEO and Chairman Board of TAPI Pipeline Company Limited (TPCL) Muhammetmyrat Amanov Tuesday called...