economy

Manila-based lender working on immediate and flexible financing to help Islamabad combat Covid-19

Both parties say permission should be given under strict guidelines

It becomes increasingly likely that we may never get our economies back, new solutions are needed

A lot will depend upon the government’s persistence with the ease in economic lockdown

Hike in other income provides vital support to earnings

He assured that every possible effort was being made to alleviate the suffering of the people

SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with IMF

Crushing economic data also delivers body blow to confidence

Seek guarantees if SMEs are unable to provide collateral

Urges govt to take concrete steps to keep economy running amid Covid-19 crisis

Move follows aggressive cut in interest rate by central bank

Board also announces cash dividend of Rs10 per share

Industry official says cannot operate without opening of supply chain

Organised traders demand monetary support to save sector, 0.6m employees

Inventory losses mount due to dip in global crude

Increase comes on back of fall in exploration cost, surge in other income

Cumulatively, the rupee has depreciated almost 49% since December 2017

Gap narrows to just $6m in March due to fall in imports amid Covid-19

Supreme Court says compensation can be claimed after issuance of refund order

Moody’s says Pakistan’s GDP growth will shrink by 0.1-0.5% in FY20

Impact of the coronavirus is expected to start diluting in a couple of months from now

Since the start of the year, Brent has fallen more than 65% while WTI has dropped around 75%

State Bank of Pakistan believes it will strengthen financial institutions’ capacity to absorb losses

Motorway scheme will be executed in partnership with private sector

Inflows push forex reserves to one-month high

Funding of $500 million aimed at overcoming health and economic shocks

Terms the great global lockdown as the 'mother of all external shocks'

Former PARC official stresses maximising investment to strengthen R&D

Help rupee to recover Rs2.37 to 161.12 in inter-bank market

Project will help enhance trade with Russia and Central Asian states

Finance secretary says situation remains unclear, impact of relief may be $1.7b

Committee will review nine-point agenda with finance adviser Abdul Hafeez Shaikh in the chair

Appreciation was seen after international oil traded negative on May futures

Planning minister says move will help avoid allegations of protecting govt’s vested interests

The solution to these issues lies in deregulation, removing subsidies, and ensuring competition in the m

Banks will deduct zakat from accounts on first Ramazan

Session had continued for 195 seconds beyond scheduled closing

Decline comes on back of lower sales volume

Company registers quarterly loss of Rs210m due to dip in gross profit

It leaves behind other provinces with average monthly income of Rs42,861

IMF resident representative says inflation will remain in double digits this year

The perpetrator will face three years in jail, summary trials, heavy fines

Initiative will introduce computer science knowledge, concepts in children aged 9 to 14

Extreme crisis can be managed through astute planning by govt

They will create massive job opportunities, forge industrial linkages

It will spur socio-economic growth, help address unemployment challenge

Success in talks will ease some burden from consumers and government

Workers and other weaker segments of society are the most vulnerable in situations like the present one

This is the moment for Pakistan to re-negotiate our social contract

Imran had appealed to world bodies for restructuring of loans for developing countries in wake of Covid-19 pandemic