Fund announced for Saudi filmmakers
RIYADH: Private-sector businesses in Saudi Arabia on Wednesday were ordered to introduce enforced remote working for all employees for 15 days in an attempt to prevent the spread of the…
SECP Introduces Cyber Security Framework for Insurance Sector
ISLAMABAD: The SECP has issued guidelines on cyber security framework for the Insurance Sector, providing principles to make the information technology systems of insurance companies and their partners secure and…
No grocery store or pharmacy to be closed in any circumstances, says CM Murad Ali Shah
KARACHI: In view of the coronavirus emergency, Sindh’s chief minister on Monday said his government will not order the closure of groceries, general stores or pharmacies in the province in…
IMF relaxes budget deficit ceiling
ISLAMABAD: The International Monetary Fund (IMF) has agreed to relax budget deficit ceiling aimed at allowing Pakistan to meet emergency fiscal needs to fight deadly coronavirus contagion that has started…
Gold falls below $1,500 as it is dragged into the global market rout
Gold has been swept up in the broad market sell-off to fall below $1,500 on Monday, down $200 from its peak early last week. The precious metal hit a low…
Hong Kong’s Cathay Pacific to sell six Boeing aircrafts to BOC Aviation
Hong Kong’s Cathay Pacific Airways on Monday said it would sell six Boeing 777-300ER aircrafts and its associated equipment for $703.8 million to BOC Aviation Ltd. The sale will enable…
Retail store closures in the US could explode because of the coronavirus
2019 brought with it record store closures in the retail industry in the U.S. 2020 looks like it is about to be a lot worse. With a coronavirus pandemic hitting…
Government Should Take Preventive Measures to Protect Economic Growth Anjum Nisar, President FPCCI
Mian Anjum Nisar, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Government to take preventive measures and develop strategy to protect the pace…
Agha Shahab for more stringent measure to deal with CoronaVirus KCCI
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has stressed that although the government, particularly Sindh government, has taken this threat very seriously and several…
Hutchison Ports Pakistan became the first terminal in the country to acquire electrical remote-controlled semi-automatic rubber-tyred gantry cranes
KARACHI: Hutchison Ports Pakistan, the country’s leading container terminal operator, has been acknowledged as the ‘Port/Container Terminal of the Year – South Asia 2020’ Award. The ceremony was held recently…
Update on COVID-19 @ Harbor Front Building
Engro employees who were in contact with their colleague affected by the Coronavirus (COVID-19) – undertook the lab test. Results show that all of them have tested negative for the…
FPCCI Women Entrepreneur Committee celebrated Women Day
Mrs. Nazli Abid Convener FPCCI Standing Committee on Women Entrepreneur and member of the committee organized Women Day celebration at Golf club to appreciate the role of women in the…
Shell Pakistan and VISA announce grand prize winner
Karachi: Ms. Romana Sohail was announced the grand prize winner of Go Home with Luxury contest by Shell Pakistan Limited (‘Shell Pakistan’) and Visa. A special celebration was held at…
Coronavirus contingency planning for general meetings of shareholders
ISLAMABAD: In light of the threat posed by the evolving COVID-19 situation (CoronaVirus) and to protect the wellbeing of shareholders, the Securities and Exchange Commission of Pakistan (SECP) advised all…
Pakistan to Cut Import Duty to Make Exports More Competitive
Pakistan plans to remove duties on many raw materials used by exporters, aiming to make them more regionally competitive and help the economy escape a recurring boom-bust cycle. Duties on…
Walmart Creates Emergency Leave Policy for Workers Amid Virus
Walmart Inc. started an emergency leave policy to help allay employee concerns about the escalating coronavirus outbreak after an associate tested positive for the illness. Effective immediately, Walmart will allow…
Stocks fall as U.S. virus response disappoints investors
TOKYO (Reuters) – Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an…
European markets look to higher open as coronavirus remains in focus
European markets are expected to open higher Wednesday as investors continue to watch the spread of the coronavirus, oil prices and geopolitics. London’s FTSE index is seen 27 points higher…
Press Release on Workers Remittances
The Workers’ Remittances received during July – February FY20 amounted to US $ 15,126.5 million recording an increase US $ 770.7 million or 5.4 percent over remittances received during July…
PPL holds eye camps in Sindh
KARACHI: In pursuit of the provision of quality healthcare to local communities, free-of-cost surgical eye camps were organized recently in districts Kambar-Shahdadkot and Sanghar, Sindh, home to Pakistan Petroleum Limited…