Coronavirus pandemic to hit growth in Asia, China: World Bank
The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China,...
COVID-19: ECC approves Rs1.2tr relief package
Also approves Rs75bn for FBR to payback sales tax and income tax refunds, duty drawbacks and customs duties which are due for last 10 years
Textile industry wants special permission to keep factories open
LAHORE: Textile exporters have appealed to Prime Minister Imran Khan to consider exports on a par with essential services amid the coronavirus...
Govts, central banks must boost efforts to help economies cope with crisis: BIS head
LONDON: Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis,...
Pnjab govt announces Rs18bn tax waiver, Rs10bn relief package
Doctors and paramedics to get additional month’s salary over anti-corona efforts
SBP reduces cheque clearing time in wake of virus outbreak
KARACHI: The State Bank of Pakistan (SBP) has significantly reduced the time it takes to clear a cheque, according to a circular...
IMF chief says ready to help Pakistan avert corona crisis
'Our team is working expeditiously to respond to PM Khan's request so that a proposal can be considered by the IMF’s Executive Board as soon as possible'
Telcos call for ease in restrictions as lockdowns disrupt services
ISLAMABAD: As the usage of internet has increased 15pc due to lockdowns imposed across the country, the service providers are finding it...
Rupee makes sharp recovery against dollar
KARACHI: After suffering a massive loss in early trade on Friday morning, the Pakistani Rupee made a sharp recovery against the US dollar...
OMCs asked to cancel oil import orders as demand drops
ISLAMABAD: The Ministry of Energy (Petroleum Division) has directed all oil marketing companies and refineries to cancel their planned import of motor...
SBP announces relief package for borrowers
KARACHI: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have announced a relief package, amid growing concerns about...
NDMA gets Rs5bn ‘emergency grant’ to fight coronavirus
'The amount shall be utilised to ensure the provision of different types of personal protection equipment against COVID-19'
Is cash in Pakistan’s economy expected to rise?
KARACHI: In the midst of the COVID-19 pandemic, there has been anecdotal evidence to suggest that demand for cash has increased. Much...
Govt seeks IMF’s help to insulate economy from coronavirus
–Hafeez Shaikh says Fund requested to provide additional $1.4bn to contain fallout, WB to provide $1bn
–Sys economy will slow down, Rs1.2tr announced...
Govt to procure record wheat worth Rs280bn: Asad Umar
'If I was a member of the monetary committee, I would have suggested a bigger cut in interest rate'