BUSINESS
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12 per cent drop in forex reserves amid pandemic
ISLAMABAD: Foreign exchanges reserves plunged more than 12 per cent or $1.6 billion just three weeks down the coronavirus fallout...
Dollar gains Rs0.24 in interbank
KARACHI: The greenback has taken another leap over the Paksitani rupee as the week commenced. The US dollar traded at...
Pakistan’s GDP to shrink, says ADB
The Asian Development Outlook (ADO) 2020 report has hinted that Pakistan’s GDP growth rate will shrink to 2.6 per cent...
WB growth forecast for Pakistan reduced to 1.1 per cent
ISLAMABAD: Pakistan’s growth forecast has been reduced for the next two year by two global lending agencies prophesying a prolonged...
WB approves $200 million grant to Pakistan
Islamabad: The World Bank has approved $200 million in aid to Pakistan to tackle coronavirus outbreak in the country. The...
Stock markets suffer worst quarter since 1987 due to coronavirus pandemic
New York/Hong Kong: Stock markets around the world have suffered unprecedented losses in the first three months of the year...
Oil prices slide as COVID-19 cases surge globally
LONDON: Oil prices dropped on Monday as novel coronavirus infection worldwide surged past 700,000 cases. Crude oil slipped to its...
SBP allows relief on consumer loans’ principle
KARACHI: The State Bank of Pakistan (SBP) on Tuesday has announced one year moratorium for consumers loans amid coronavirus outbreak....
Rs23 billion set aside for subsidies to energy and exports sector
ISLAMABAD: The government has earmarked Rs23 billion to support the energy and exports sectors through subsidies and enable them to...
Gold gains Rs200/tola in Pakistan
KARACHI: The yellow metal got appraised by Rs200/tola in the domestic market sending the price of 10 grams to Rs82,561...
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