Bangladesh set to import 500,000 tonnes of wheat from Russia DHAKA: Bangladesh is set import 500,000 tonnes of wheat at $430 a tonne from Russia in a government-to-government... Published 29 Aug, 2022 05:44am
Markets China’s yuan eases on COVID worries ahead of policy meetings SHANGHAI: China’s yuan eased against the dollar on Monday, as COVID-19 cases in the country’s commercial hub... Published 25 Jul, 2022 10:49am
Markets Euro tumbles as gloomy PMIs dampens outlook for future ECB hikes LONDON: The euro continued its retreat from a more-than-two-week high as disappointing activity data from France and... Updated 22 Jul, 2022 04:19pm
Business & Finance Import of CKD kits: Auto sector seeks SBP intervention for opening LCs ISLAMABAD: Auto manufacturers have sought intervention of the State Bank of Pakistan (SBP) for opening Letters of... Updated 22 Jul, 2022 12:32pm
Markets Dollar loses steam, euro on front foot as ECB meeting looms SINGAPORE: The US dollar retreated further on Wednesday as the euro extended its overnight bounce on relief Europe... Published 20 Jul, 2022 10:50am
Pakistan Umar assails ‘flawed system imposed through unnatural intervention’ ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Central Secretary General Asad Umar came down hard on Pakistan Muslim... Published 20 Jul, 2022 05:48am
Markets Dollar pauses below two-decade peak as markets ponder Fed path TOKYO: The US dollar hovered on Tuesday just above a one-week low reached overnight versus major peers as markets... Published 19 Jul, 2022 10:39am
Markets Indian rupee closes at record low of nearly 80 against dollar as oil weighs MUMBAI: The Indian rupee pared early gains to close at record low on Monday, as rising crude prices weighed on the... Updated 18 Jul, 2022 04:33pm
Markets What’s next for the euro after slump against dollar? LONDON: The euro’s plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has... Published 17 Jul, 2022 11:54am
Pakistan Robbers take away Rs10m from judge’s house ISLAMABAD: Robbers deprived a judge of Rs10 million when they robbed his house in Islamabad on Friday. The... Published 16 Jul, 2022 04:20am
Markets Pakistan Stock Exchange: NIT MD lists reasons behind a bumpy ride KARACHI: Around 5 years ago, investors at the Pakistan Stock Exchange (PSX) rejoiced as the KSE-100 – widely seen... Updated 12 May, 2022 11:37am
Markets Libya losing $60m a day in oil shutdown TRIPOLi: Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global... Published 30 Apr, 2022 07:17am
Business & Finance Moody’s says Russia may be considered in default WASHINGTON: Moody’s Investors Service said Thursday that Russia “may be considered in default” if it does not... Published 16 Apr, 2022 04:10am
Business & Finance Ukraine mulls international bonds to fund war defence effort LONDON: Ukraine, hoping to tap fresh sources of money to fund its defence efforts, is looking at ways to extend a... Published 04 Apr, 2022 05:38am
Opinion Economy is the victim Economic stability is dependent upon political and social stability. While only economic stability is the major... Published 27 Mar, 2022 05:40am
Business & Finance Russian rouble stabilises in offshore trade after heavy losses MOSCOW: The Russian rouble stabilised on Tuesday in thin offshore trade after heavy losses over the war in Ukraine,... Published 09 Mar, 2022 06:44am
Pakistan ‘CAD chronicles’: SBP clarification KARACHI: The following is the full text of a clarification by State Bank of Pakistan (SBP): “In an article... Published 01 Mar, 2022 05:34am
World US plans to cut ties with targeted Russian banks if Ukraine is invaded WASHINGTON/NEW YORK: President Joe Biden’s administration has prepared an initial package of sanctions against... Published 22 Feb, 2022 04:43am
World West could cut US dollar access for Russian companies, UK's Johnson says LONDON: The United States and Britain would seek to cut off Russian companies' access to US dollars and British... Published 20 Feb, 2022 02:16pm
Pakistan Policy directive for renewal of Jazz cellular mobile licence issued ISLAMABAD: The Ministry of Information Technology and Telecommunications (MoITT) on Thursday issued policy directive... Updated 04 Feb, 2022 11:06am
Markets Brazil’s Lula to detach local fuel prices from global oil quotes if elected BRASILIA: Brazilian former President Luiz Inacio Lula da Silva, a leftist polling ahead of incumbent President Jair... Published 04 Feb, 2022 04:43am
Opinion Rebasing of national income There is some very good news from the Pakistan Bureau of Statistics. Following the exercise of rebasing of the... Published 03 Feb, 2022 04:02am
Print IMF board meeting put off till Feb 2 ISLAMABAD: Finance Minister Shaukat Tarin Wednesday said the International Monetary Fund (IMF) board of directors... Updated 27 Jan, 2022 09:46am
Editorials Economy: rupee slide symptom of infirmity EDITORIAL: The Pakistani rupee fell from 152 rupees to the dollar in May 2021, the rate used for budget projections,... Published 11 Jan, 2022 06:33am
Opinion The Hawala challenge There is a lot of talk and concern about Hawala business. The surge is not new; the gap widened soon after the... Published 22 Dec, 2021 06:13am
Print Essential commodities: PM concerned at hoarding, smuggling Directs all stakeholders to undertake urgent measures and bring out-of-the-box solutions to control smuggling Updated 02 Dec, 2021 09:21am
Pakistan Issue being ‘faced’ by Iraqi embassy: Senate body on finance irked by absence of SBP governor ISLAMABAD: A meeting of the Senate Standing Committee on Finance expressed serious concern over the absence of... Published 19 Nov, 2021 04:35am
Print PM wants imports from China in yuan Directs Commerce Ministry and State Bank of Pakistan to look into the possibility of encouraging imports from China in yuan instead of US dollars Updated 18 Nov, 2021 09:46am
Print Taliban ban use of foreign currency KABUL: Afghanistan’s Taliban government announced a ban on the use of foreign currencies on Tuesday, threatening... Updated 03 Nov, 2021 09:41am
Print IMF big hurdle to sales tax cut: Dawood Commerce adviser says Temporary Economic Refinance Facility of the SBP, which expired in March, will be restored for SMEs and other targeted sectors Updated 31 Oct, 2021 01:32pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?