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Gold prices pared losses on Tuesday after Pakistan received flood aid pledges worth $11 billion at the one-day International Conference on Climate Resilient Pakistan in Geneva. The announcement...
ISLAMABAD: Pakistan has managed to secure over $10.5 billion in flood pledges which would be materialised in three phases — short-term for up to one year, medium-term for...
KARACHI: Lamenting the current economic crisis, Pakistan’s value-added textile sector feared that more industries would halt their operations, which would increase the number of layoffs, The News reported Tuesday. Associations representing...
RIYADH: In a major boost to Pakistan’s efforts to strengthen its forex reserves amid the worsening currency crisis, Saudi Crown Prince Mohammad Bin Salman Tuesday directed the...
ISLAMABAD: About 90% of the dollars are being hoarded in Pakistan while currency smuggling has just a 10% share, revealed a member of the Federal Board of Revenue (FBR)...
LAHORE: Commercial banks are refusing to issue letters of credit for edible oil imports despite the exclusion of the sector from the condition of prior permission from the...
ISLAMABAD: The government is considering slapping a Windfall Tax on the profits of the banking sector in the range of 50% to 70% similar to the...
Brent futures and US crude falls by more than 4%.Concern about oversupply continue to cloud the oil market.Dollar weakens on Wednesday after big gains in the...
Gold was unstoppable on Wednesday too as it nailed yet another life-high with its safe-haven appeal growing stronger amid rupee depreciation and a dollar dearth. According to...
ISLAMABAD: The government may impose a flood levy ranging from 1-3% on all imports through a presidential ordinance keeping in consideration a waiver to basic food items and raw...
