Browsing Category
Business
World Bank cuts 2021 global forecast to 4.0pc
WASHINGTON (Web Desk) - The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move…
PSX gains 251.66 points to close at 44,686.46 points
ISLAMABAD (City News) – The KSE-100 index of the Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend, gaining 251.66 points, with positive change of 0.57 percent, closing at 44,686.46 points against 44,434.80 points on the…
Most Asian markets fall after virus, vote worries hit Wall St
HONG KONG (AFP) - Asian markets mostly fell Tuesday following a sharp pullback on Wall Street as investors were spooked by a coronavirus surge, new lockdowns, a slow vaccine rollout and uncertainty over US Senate elections.
While…
Oil little changed as investors await OPEC+ decision
SINGAPORE (Reuters) - Oil prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new COVID-19 lockdowns.
Brent…
Hafeez Shaikh directs PC to present all privatisation plans within one week
ISLAMABAD (APP) - Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh has directed the Privatization Commission to accelerate the privatization/ management contracts of all entities and pace up their implementation.
He…
SBP plans to auction Rs.2.90 trillion in short term MTB
KARACHI (City News) - The State Bank of Pakistan (SBP) plans to auction Rs2.90 trillion in short term Market Treasury Bills (MTB).
As per details, the SBP announced the auction calendar for Jan – Mar 2021. The central bank wants to…
FTO directs FBR to take action against those involved in tax fraud
ISLAMABAD (City News) – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate criminal proceedings against the person(s)/registered person(s) found involved in committing tax fraud with no further…
FTO directs FBR to take action against those involved in tax fraud
ISLAMABAD (City News) – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate criminal proceedings against the person(s)/registered person(s) found involved in committing tax fraud with no further…
Hopes for recovery help Asian markets start new year with a pop
HONG KONG (AFP) - Optimism about the economic outlook in 2021 helped Asian investors kick off the new year Monday on a positive note, as hopes surrounding the rollout of coronavirus vaccines offset a frightening surge in infections.…
OPEC+ meeting to set February production levels
LONDON (AFP) - Members of the OPEC group of oil producers and their partners will meet via videoconference Monday to decide production levels for February, which it hopes to continue boosting.
The OPEC+ ministerial meeting comes after…