Rupee falls as foreign investors flee
KARACHI: The rupee declined 0.7 percent on Tuesday, making a cumulative two- day decline of 2.1 percent, the highest in eight months.
As...
Rs 20-25 cut in petrol price expected
LAHORE: Rs 20-25 cut in petrol price is expected in the country following one-day rout in nearly 30 years in global oil...
Oil prices bounce back 7pc after biggest one-day fall since 1991
Oil prices bounced back 7 percent on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility...
Aslam Khan appointed PIA Chairman
KARACHI: The Pakistan International Airlines Company Limited (PIAC) has appointed Aslam R Khan as Chairman on PIAC Board with effect from March...
Federal Cabinet to take up appointment of SECP chief
ISLAMABAD: The federal cabinet is likely to take up Finance Division’s summary on Tuesday regarding the appointment of Chairman Securities and Exchange...
Coronavirus crisis could cost world $2 trillion: UN
UN economists warned Monday that the raging outbreak of the deadly new coronavirus could cost the global economy between $1.0 and $2.0...
Russia says it’s ready for $25 a barrel oil
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30...
No more hike in power, gas tariffs, PM Imran promises
–Premier says inflation is now under control, prices of commodities will decrease soon
–Imran expresses his ‘heartfelt wish’ to see lasting peace in...
Govt won’t leave masses alone in difficult times: Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce, Industry, Textile and Board of Investment (BoI) Razak Dawood on Monday said that the...
FBR extends online integration date for tier-1 tobacco retailers
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of online integration of tier-1 retailers with computerised systems up to...
Dollar gains Rs2.7 in open market
Amidst panic triggered by the economic fallout of the global coronavirus outbreak, the US dollar witnessed an appreciation in its value against...
IMF calls for ‘substantial’ stimulus, coordination against virus
WASHINGTON: The International Monetary Fund (IMF) called on governments worldwide Monday to join forces and roll out aggressive financial supports for the coronavirus-infected...
Cement sector posts cumulative loss of Rs500m for 2QFY20
LAHORE: Pakistan’s cement sector has posted a cumulative loss of Rs500 million in the second quarter of FY20.
Shankar Talreja, a senior analyst...
Govt indifferent to Buner’s marble industry; 80 units closed
PESHAWAR: Despite having tremendous potential, the marble industry of Buner has been facing an acute crisis owing to the ignorance of successive...
Russia vs Saudi: How much pain can they take in oil price war?
DUBAI/MOSCOW: Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It’s...