Business

Byco, Askar and BE Energy fined Rs. 5 million each for creating ‘artificial fuel shortage’

Benchmark rate slashed fourth time in four months to help economy recover from impact of COVID-19

Central bank says inflation rates were higher in Argentina, Iran, Nigeria and Turkey

Benchmark rate slashed third time in three months to help economy recover from impact of COVID-19

Under non-exclusive licensing agreement, Ferozsons will be allowed to set its own prices for generic version of drug

Central bank to finance up to 100% of salaries of businesses with average 3-month wage bill up to Rs. 500 million

Federal government allocates Rs. 30 billion for banks, spread over 4 years, to share any burden of losses due to bad loans

Petrol to now cost Rs. 81.58/liter; high-speed diesel Rs. 80.10/liter; light-diesel Rs. 47.51/liter; and kerosene oil Rs. 47.44/liter

Following the transaction, EMPG becomes a ‘unicorn,’ valued at $1 billion

Prior to COVID-19 pandemic, the FBR had aimed to collect Rs. 5,238 billion in revenue

Parent company of Pakistan property portal Zameen.com expands operations with acquisition of Kaidee

Central bank says decision taken to reduce interest rate for second time in one month due to impacts of coronavirus

Refinancing scheme is designed to incentivize struggling businesses to retain workforce during the ongoing pandemic

Currently producing 300 metric tons of LPG per day, JJVL hopes to expand it to 400 metric tons to meet growing demand

Kristalina Georgieva says global fund is urging bilateral creditors to suspend debt collections from poorest countries for at least a year

Exchange rate hits record-setting heights amid volatility emerging from coronavirus impact on economy

Central bank says decision to reduce interest rate has been taken due to uncertainty over impact of coronavirus pandemic

Pakistan’s central bank waives online banking charges to reduce need to visit ATMs, bank branches and promote social distancing

Market witnesses biggest drop since 1991 after Gulf kingdom slashes selling prices over Russia rejection of OPEC-proposed production cuts

Data shows inflation reduced to 12.4 percent last month as compared to decade-high of 14.56 in January