Economy

The Ministry of Finance has said that the rating review conducted by Moody’s Investor Service on 14th May 2020 does not downgrade Pakistan’s B3 rating. In a statement on Friday, the Ministry has said that the Moody’s Investor Service has…
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The United States on Friday recorded its steepest job losses in history over the coronavirus pandemic as Europe moved to keep its borders shut for another month. Hopes have been rising that the worst of the global catastrophe, which has…
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ISLAMABAD: On the recommendations of the Oil and Gas Regulatory Authority (OGA) the federal government on Thursday night slashed the price of petrol by Rs15. The price of petrol has been brought down to Rs81.58 after a reduction of…
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ISLAMABAD: The government has reduced the prices of petroleum products by up to Rs30 per litre to "extend maximum relief to public." According to an official notification issued by the Finance Division, the prices of petrol have been…
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The Oil and Gas Regulatory Authority (Ogra) on Wednesday recommended up to Rs44.07 per litre reduction in oil prices for the month of May. In a summary sent to the Petroleum Division, the authority has proposed a decrease of Rs33.94 to…
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The kingdom has so far recorded the highest number of cases in the Gulf with more than 17,000 infections and 139 deaths. Despite being frustrated by the lockdown, which has forced her and hundreds of thousands of others to abandon their…
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ISLAMABAD:  The Economic Coordination Committee (ECC) has approved two packages for unemployed labourers and another package for small business owners. Addressing a press conference after the ECC meeting, Federal Minister for Industries…
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Pakistan says Prime Minister Imran Khan's call for a Global Initiative on Debt Relief has been widely welcomed at the United Nations, including Presidents of the UN General Assembly and Economic and Social Council. In a press release…
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REUTERS: With the U.S. coronavirus death toll topping 51,000 and nearly one in six workers out of a job, Georgia, Oklahoma and several other states took tentative steps at reopening businesses on Friday, despite disapproval from President…
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The novel coronavirus has had a huge setback on oil prices around the globe. For the very first time in history, oil prices turned negative on Monday.
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India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. India’s trade ministry said in a…
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The Pakistan Stock Exchange turned around and witnessed a bullish trend as KSE-100 index closed at 31,837.30 points with a positive change of 866.03 points (2.8%) on Thursday. A total of 216,513,232 shares worth Rs8.547 billion exchanged…
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A global condom shortage is looming as the coronavirus pandemic shutters factories and disrupts supply chains, the world's top maker of the contraceptives said, with the United Nations warning of "devastating" consequences. Over half of…
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Brazil’s President Jair Bolsonaro said on Monday that there can be no more quarantine measures imposed on the country than those already in place to combat coronavirus because jobs are being destroyed and the poor are suffering…
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The coronavirus pandemic's economic fallout could cause China's growth to come to a standstill while driving 11 million more people in East Asia into poverty, the World Bank warned Monday. The pandemic is causing "an unprecedented global…
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