FFC reduces urea price by Rs300 per bag
Fauji Fertiliser Company (FFC) has reduced its urea price by Rs300 per bag, effective from 28 January 2020.
"The benefit of cut in...
Cotton arrival shows 20pc decline
LAHORE: As many as 8.487 million cotton bales reached the ginning industries across the country from Jan 15 till February 1, as...
Record inflation takes toll on stock market; KSE-100 plunges 1,221 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed blood bath on the first trading session of the week, as the indices...
Virus fears wipe $393bn off China’s stock market despite govt support moves
SHANGHAI/HONG KONG: Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about...
Hong Kong’s economy to see more weakness due to virus outbreak
HONG KONG: The risk of further contraction in the Hong Kong economy, which was buffeted by anti-government protests last year, has increased...
China moves to limit short selling as virus looms over market reopening
BEIJING: China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak...
Pakistan, Afghanistan not exploiting trade potential despite 24-hour border opening
PESHAWAR-- The efforts of the Pakistan Tehreek-e-Insaf government to shore up falling exports with the neighbouring country Afghanistan aren’t working in its...
OGRA member gas ‘delays’ bringing LPG bowsers in tax net
ISLAMABAD: Instead of brining approximately 1,500 Liquefied Petroleum Gas (LPG) bowsers in the tax net, the Oil and Gas Regulatory Authority (OGRA)’s...
Egyptian company investing $500m in Pakistan’s energy sector: envoy
ISLAMABAD: Egypt’s Ambassador to Pakistan Ahmed Fadel Yacoub on Sunday said Egyptian company El Sewedy Electric had expressed its intention of investing...
Govt borrowed Rs4.11tr to finance budget deficit, clarifies ministry
ISLAMABAD: Challenging the media reports of Rs11.61 million borrowings, the federal government clarified on Sunday that it had borrowed only Rs4.11 trillion...
USA, China and UK top three destinations for Pakistani exports: SBP
ISLAMABAD: The United States (US) remained the top export destination for Pakistani products during first half of the current financial year 2019-20,...
Wheat crisis: FBR sacks seven customs officials involved in smuggling
ISLAMABAD: The Federal Board of Revenue (FBR) on Sunday dismissed seven customs officials from service over their alleged involvement in wheat smuggling...
IMF delegation reaches Pakistan to discuss third EFF tranche
ISLAMABAD: A delegation of the International Monetary Fund (IMF) reached Islamabad on Sunday to hold talks with the Pakistani side over the...
Pakistanis sink deeper in debt with 28pc per capita increase
Every single Pakistani is now under Rs 153,689 of debt as the per capita debt climbed by 28 per cent at the...
FBR sees 40pc YoY increase in collections
The Federal Board of Revenue (FBR) has seen a 40 percent year on year growth after collecting 2,342,642 income tax returns as...