Business

ECC allows PIA to lay off 25% of workforce via Voluntary Separation Scheme

ECC allows PIA to lay off 25% of workforce via Voluntary Separation Scheme

The Economic Coordination Committee (ECC) on Wednesday gave approval for PIA to launch a Voluntary Separation Scheme (VSS) to lay…
PSX seeks change in law to indemnify staff against legal repercussions

PSX seeks change in law to indemnify staff against legal repercussions

The Pakistan Stock Exchange (PSX) wants to indemnify its directors and officials against any loss and liability through a legal…
Germany suffers highest deficit in 30 years due to pandemic

Germany suffers highest deficit in 30 years due to pandemic

Germany faces its first deficit since 2013 after the public sector deficit reached 189.2 billion euros ($225 billion) in 2020…
Oil prices rise on stronger economic outlook, US stockpile draw

Oil prices rise on stronger economic outlook, US stockpile draw

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a…
Public debt climbs 4.28% in July-Feb FY2021

Public debt climbs 4.28% in July-Feb FY2021

Pakistan’s public debt increased by Rs1.505 trillion or 4.28% in the eight months of this fiscal year amid an increase…
Govt mulls over three names for FBR chairman as Javed Ghani set to retire: sources

Govt mulls over three names for FBR chairman as Javed Ghani set to retire: sources

The federal government has initiated a search for the new chairman of the Federal Board of Revenue (FBR) as the…
Pakistani rupee strengthens against US dollar

Pakistani rupee strengthens against US dollar

The Pakistani rupee strengthened by 33 paisas (0.22%) against the United States (US) dollar in the interbank currency market on…
CPEC projects progressing at fast pace under PTI govt: Asad Umar

CPEC projects progressing at fast pace under PTI govt: Asad Umar

The projects under the China-Pakistan Economic Corridor (CPEC) are progressing at a fast pace during the tenure of the PTI…
Gold price jumps Rs3,100 in Pakistan in two days

Gold price jumps Rs3,100 in Pakistan in two days

The price of gold rose by Rs3,100 in Pakistan over the last two days, according to rates shared by the…
Proton reveals the price of its sedan Saga

Proton reveals the price of its sedan Saga

Proton Pakistan has revealed the price of its 1300cc b-category sedan Saga, which will be launched in three variants –…
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