Business News

Title Description Publish Date Image
PTI govt's policies powering economic growth in Pakistan, key indicators show <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-11-28/l_750163_124037_updates.jpg"/>PTI govt followed liberal foreign investment regime, introducing measures to promote doing business in Pakistan Sat, 28 Nov 2020 00:34:08 +0500 Alternate Text
SBP keeps policy rate unchanged, says 2021 inflation expected to be in 7-9% range <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-11-23/l_747944_063715_updates.jpg"/>State Bank of Pakistan had kept policy rate unchanged at 7% in its review meeting in September Mon, 23 Nov 2020 20:03:00 +0500 Alternate Text
Petrol prices reduced by federal govt <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-11-15/l_744220_091931_updates.jpg"/>Kerosene oil maintained at a price of Rs65.29 a litre after govt announces cut in petrol prices Sun, 15 Nov 2020 21:15:49 +0500 Alternate Text
SBP eyes higher FDI, makes remitting disinvestment proceeds easier <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-27/l_735558_022739_updates.jpg"/>Goal 'is to make Pakistan a more attractive place for investment', says SBP Tue, 27 Oct 2020 14:21:30 +0500 Alternate Text
RB Hygiene Home partners with Survey Auto to digitise business operations <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-23/l_733653_031458_updates.jpg"/>Survey Auto will help RB in ensuring that highest quality hygiene products are accessible to everyone Fri, 23 Oct 2020 15:13:08 +0500 Alternate Text
Petrol price to remain same for October in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-15/l_729809_092046_updates.jpg"/>Petrol will continue to cost Rs103.97, diesel Rs104.6, kerosene oil Rs65.29 and light diesel oil Rs62.88 Thu, 15 Oct 2020 21:09:00 +0500 Alternate Text
Bears take over PSX as KSE 100 loses 75 points <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-15/l_729800_072708_updates.jpg"/>Close to 211.9 million shares had changed hands by the end of the session, with a total worth of nearly Rs8.03 billion Thu, 15 Oct 2020 19:16:00 +0500 Alternate Text
SBP announces Naya Pakistan housing scheme's subsidy markup rates <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-13/l_728386_124512_updates.jpg"/>"Facility will allow all individuals to avail bank’s financing at subsidized and affordable markup rates," says SBP Tue, 13 Oct 2020 00:32:00 +0500 Alternate Text
Gold price in Pakistan increases by Rs300 on October 2 <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-02/l_723497_075737_updates.jpg"/>The price for 24 karat gold stood at Rs112,000 on Friday Fri, 02 Oct 2020 19:42:00 +0500 Alternate Text
PKR to USD and other foreign currency rates in Pakistan on October 2 <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-02/l_723494_073718_updates.jpg"/>US Dollar buying rate stood at Rs165 whereas selling is Rs165.7 Fri, 02 Oct 2020 19:37:00 +0500 Alternate Text
KSE-100 closes at 40,676 points as bulls rule PSX <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-10-01/l_723009_090320_updates.jpg"/>A total of 371,732,175 shares worth Rs12.504 billion exchanged hands as compared to 473,730,084 during the previous day Thu, 01 Oct 2020 21:13:00 +0500 Alternate Text
Coronavirus: Qatar Airways says gets $2bln state aid after huge loss <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-09-27/l_721045_120500_updates.jpg"/>"Qatar Airways is familiar with facing exceptional challenges; however, 2019-20 has been one of the most difficult years in the airline's history" Sun, 27 Sep 2020 23:50:00 +0500 Alternate Text
UK faces one million job cuts in 2020 due to coronavirus: study <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-09-14/l_714786_115950_updates.jpg"/>Official data showed that Britain has already shed around 240,000 jobs in the first six months of 2020 Mon, 14 Sep 2020 23:46:00 +0500 Alternate Text
Quality labs being set up to promote products at international level: PM <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-09-02/l_709049_075922_updates.jpg"/>Government paying special attention to introduction of technology and innovation in agriculture and other fields Wed, 02 Sep 2020 23:51:00 +0500 Alternate Text
Bulls rule PSX as market closes at 41,110 points <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-31/l_708086_053924_updates.jpg"/>Some 198 of the 413 companies that transacted shares in the stock market registered gains Mon, 31 Aug 2020 19:20:00 +0500 Alternate Text
PM Imran rejects hike in petrol price <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-31/l_708093_072002_updates.jpg"/>People are facing high food inflation and need some reprieve, especially because of heavy rains, says PM Imran Mon, 31 Aug 2020 19:18:00 +0500 Alternate Text
Commerce adviser directs exporters to contact commerce ministry if Karachi rain delayed exports <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-26/l_706172_120549_updates.jpg"/>Gen Bajwa also directed the troops to set up relief operations in Karachi after heavy rains lash the city Wed, 26 Aug 2020 23:55:43 +0500 Alternate Text
In bid to bolster forex reserves, SBP introduces 'Roshan Digital Accounts' for overseas Pakistanis <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-26/l_705162_064813_updates.jpg"/>SBP's move aimed at attracting deposits from overseas Pakistanis to bolster foreign exchange reserves Wed, 26 Aug 2020 20:10:00 +0500 Alternate Text
Saudi Aramco profits plunge as COVID-19 crisis undercuts oil demand <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-09/l_698324_114002_updates.jpg"/>Aramco posts a net profit of $6.6 billion for the three months to June 30, compared to $24.7 billion for the same period last year Sun, 09 Aug 2020 23:55:00 +0500 Alternate Text
Gold prices break past Rs132,000-a-tola mark, registering record high <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-07/l_697410_100359_updates.jpg"/>Latest gold rates in Pakistan: Gold price for 10 grammes climbed Rs2,144 to reach Rs113,169, the ASSJA says Fri, 07 Aug 2020 22:18:00 +0500 Alternate Text
Gold rally continues in Pakistan, gaining Rs800 to reach Rs129,500 <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-06/l_696932_092113_updates.jpg"/>The price of 10 grammes of gold climbed Rs685 to reach Rs111,025, the ASSJA says Thu, 06 Aug 2020 21:42:00 +0500 Alternate Text
Gold rates register historic high in Pakistan, reaching Rs128,700 a tola <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-05/l_696429_103229_updates.jpg"/>Gold rates continue weeks-long rally to rise Rs4,800 and clock in at Rs128,700 per tola in Pakistan Wed, 05 Aug 2020 22:50:00 +0500 Alternate Text
Chevron Pakistan partners with Careem to facilitate Captains <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-08-05/l_696422_093401_updates.jpg"/>Chevron Pakistan will partner with Careem to offer attractive oil change packages for Careem Captains across Karachi, Lahore, and Islamabad Wed, 05 Aug 2020 21:14:15 +0500 Alternate Text
Nokia claims to return to profit despite drop in sales due to virus pandemic <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-31/l_694856_010437_updates.jpg"/>Net profit came in at 94 million euros ($112 million) compared to a loss of 193 million euros during April-June last year Fri, 31 Jul 2020 17:39:38 +0500 Alternate Text
Gold prices in Pakistan shoot up to Rs122,750 per tola <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-29/l_693854_065914_updates.jpg"/>Latest gold rates: Gold prices in international markets shot up $25 an ounce to almost $1,955 Wed, 29 Jul 2020 18:59:00 +0500 Alternate Text
Gold reaches another record peak; equities struggle with mounting COVID-19 fears <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-29/l_693340_125251_updates.jpg"/>Gold chalked up another record peak on Tuesday before pulling lower as the dollar clawed back earlier losses, while equity markets struggled with mounting coronavirus fears, dealers said. Wed, 29 Jul 2020 00:41:00 +0500 Alternate Text
Gold forges record high as investors rush into safe-haven commodity <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-27/l_692843_082259_updates.jpg"/>The safe haven commodity looking mighty attractive after another troubling weekend of COVID-19 and US-China headlines," says an analyst Mon, 27 Jul 2020 19:38:09 +0500 Alternate Text
Gold reaches historical high in Pakistan, clocks in at Rs123,800 a tola <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-27/l_692841_072312_updates.jpg"/>In the international markets, gold rates shot up $46 to $1,942, registering the highest price since Sept 2011 Mon, 27 Jul 2020 19:18:26 +0500 Alternate Text
Gold rally continues in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-24/l_691442_090238_updates.jpg"/>Gold rate for 10 grammes rose Rs1,200 to Rs101,766, according to All Sindh Sarafa and Jewellers Association Fri, 24 Jul 2020 20:59:29 +0500 Alternate Text
How the world is responding to the coronavirus pandemic with gold <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-24/l_691432_063305_updates.jpg"/>Globally, the gold rates continue rising, heading for a $1,900 mark Fri, 24 Jul 2020 20:33:00 +0500 Alternate Text
Gold skyrockets to Rs117,300 a tola in Pakistan, touching new all-time high <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-23/l_690915_072806_updates.jpg"/>Latest gold rates in Pakistan: The jewelers' association says gold rate for 10 grammes shot up Rs1,972 to Rs100,566 in Pakistan Thu, 23 Jul 2020 20:23:00 +0500 Alternate Text
US signs $2 billion vaccine deal with Pfizer and BioNTech <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-22/l_690450_120220_updates.jpg"/>This was accomplished with relatively low doses and caused side effects that were mild to moderate but transient, which is considered normal Wed, 22 Jul 2020 21:31:02 +0500 Alternate Text
Dubai's largest bank sees profit plunge over coronavirus impact <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-21/l_689485_121826_updates.jpg"/>Emirates NBD saw second-quarter net profit this year dive 58% to $545 million from $1.3 billion a year ago Tue, 21 Jul 2020 00:06:00 +0500 Alternate Text
IMF MD says global economy 'not out of the woods yet' <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-16/l_687587_115242_updates.jpg"/>Kristalina Georgieva says crisis has entered a new phase as many countries have moved to reopen the economy Thu, 16 Jul 2020 11:29:02 +0500 Alternate Text
Google to invest $4.5 billion in digital unit of India's Reliance <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-15/l_687117_083133_updates.jpg"/>The two firms will also develop "an Android-based smartphone operating system", says Ambani Wed, 15 Jul 2020 19:23:13 +0500 Alternate Text
Apple wins EU court battle in 13-bn-euro tax case <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-15/l_687116_080744_updates.jpg"/>The EU in 2016 accused Ireland of allowing Apple to park revenue earned in Europe, Africa, the Middle East and India and sparing it almost any taxation Wed, 15 Jul 2020 18:23:23 +0500 Alternate Text
Post-COVID-19 Singapore hits recession as economy shrinks 41% <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-14/l_686589_070003_updates.jpg"/>Singapore's economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus Tue, 14 Jul 2020 06:55:24 +0500 Alternate Text
Overseas Pakistanis sent record remittances in FY20 at $23.12bn: SBP <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-13/l_686173_051203_updates.jpg"/>Remittances during June 2020 were 50% higher than the comparable period in 2019 Mon, 13 Jul 2020 17:02:00 +0500 Alternate Text
Rs30bn subsidy allocated to Naya Pakistan housing scheme, announces PM Imran <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-10/l_684814_065834_updates.jpg"/>PM Imran says construction sector faced a lot of obstacles but NCC had worked on policies for its revival Fri, 10 Jul 2020 18:54:45 +0500 Alternate Text
IMF warns cutting spending too soon could derail recovery amid virus pandemic <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-10/l_684786_061109_updates.jpg"/>Government spending "will need to remain supportive and flexible until a safe and durable exit from the crisis is secured," says IMF Fri, 10 Jul 2020 17:35:17 +0500 Alternate Text
Gold rates shoot to all-time high in Pakistan <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-09/l_684320_073925_updates.jpg"/>Latest gold price in Pakistan Thu, 09 Jul 2020 19:34:46 +0500 Alternate Text
New bank timings from July 13: Banks to remain open from 9am to 5:30pm <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-09/l_684316_043422_updates.jpg"/>The State Bank of Pakistan had earlier shorten the banking hours due to coronavirus pandemic Thu, 09 Jul 2020 16:25:05 +0500 Alternate Text
Export gloom sours Pakistan's prized mango season <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-08/l_683848_111739_updates.jpg"/>Across Pakistan´s "mango belt" in Punjab and Sindh provinces, farmers say a long winter and changing rain patterns have slashed production by up to half this year Wed, 08 Jul 2020 17:20:23 +0500 Alternate Text
Dubai reopens doors to foreign visitors after four-month COVID-19 shutdown <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-07/l_683429_111335_updates.jpg"/>But businesses are mainly betting on those already living in the gleaming desert city to energise its ailing economy and serve as a test run before wary foreign holidaymakers return Tue, 07 Jul 2020 22:02:16 +0500 Alternate Text
UK to unveil mini-budget to kickstart economy after coronavirus wreaks devastation <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-07/l_683421_093734_updates.jpg"/>Chancellor of the Exchequer Sunak hopes the plan will help to support more than 100,000 green jobs, including across the construction sector Tue, 07 Jul 2020 19:52:40 +0500 Alternate Text
German fashion giant Hugo Boss places sports clothes order at Pakistani firm <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-07/l_683419_064639_updates.jpg"/>Dawood says 'achievement was due to the effort of PRGMEA for holding the 35th IAF Fashion Convention in Nov last year' Tue, 07 Jul 2020 18:35:38 +0500 Alternate Text
FBR gets new chairman, fourth during PTI govt <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-04/l_682020_065156_updates.jpg"/>Muhammad Javed Ghani, a grade-22 officer, has been appointed as Chairman FBR for a period of three months or till the posting of a regular incumbent. Sat, 04 Jul 2020 18:50:18 +0500 Alternate Text
KCCI demands Sindh take back decision on extension in coronavirus curbs <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-02/l_680999_075940_updates.jpg"/>"Businesses should be allowed to operate at full capacity," demands trade body Thu, 02 Jul 2020 19:51:04 +0500 Alternate Text
Virgin Atlantic close to securing rescue deal as COVID-19 slashes air travel demand <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-01/l_680543_091633_updates.jpg"/>The news comes two months after Virgin Atlantic announced plans to axe more than 3,000 jobs, or one third of its staff Wed, 01 Jul 2020 18:46:31 +0500 Alternate Text
FBR collected Rs50bn more than revised tax target for FY2019-20 <img src="https://www.thenews.com.pk/assets/uploads/updates/2020-07-01/l_680077_123730_updates.jpg"/>FBR spokesperson notes that for the first time in its history, the organisation achieved a gross revenue of Rs40 trillion Wed, 01 Jul 2020 00:32:24 +0500 Alternate Text