BUSINESS
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Govt introduces new refinance scheme to avoid layoffs
KARACHI: As a measure to support employers in retaining their staff in the face of worst economic fallout posed by...
JS Bank and Clients Deploy 110 Million Fund for Immediate COVID-19 Response
- Jahangir Siddiqui (Founder JS Bank) Karachi, 09 April 2020: Responding to the unprecedented challenges faced by the nation by the...
Public debt hits Rs33.421 trillion in July-Feb FY20
KARACHI: Pakistan’s public debt rose by 5.14 per cent to Rs1.635 trillion during the period of July-February FY2020 due to...
Dollar stays afloat as the pandemic deepens in US
NEW YORK: Dollar has risen in value this year, gaining six percent from its lowest point reached in early March,...
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...
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