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Monthly Archives: April, 2020

COVID-19 Urges Bankers from IPO to Emergency Capital Raises

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Not a single European company listed in March on the stock exchange as the coronavirus spread across the continent, with bankers now relying on emergency share...

Import Sales Tax Collection Falls 16% in March

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As per the official data, import sales tax collection fell more than 16% as coronavirus lockdown has halted economic activities in the country. Collection of sales tax...

Government Refuses to Mitigate Losses of Textile Exporters

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The government would not compensate losses of exporters from taxpayers’ money, said the Adviser to Prime Minister on Commerce Abdul Razak Dawood. “A few firms made a...

World Bank approves $700 million for Dasu Hydropower Project

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The World Bank has approved $700 million to support Pakistan for the generation of electricity at low-cost which will facilitate millions of people with affordable electricity.  ...

Coronavirus Pandemic & Oil Price War Caused the Worst Hit to the World’s Economy

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Due to the novel coronavirus pandemic, almost $15 trillion has been acquitted of world stock markets, oil has collapsed 60% because of the price war between...

Pakistan’s IT Export Remittances Surge to $887 Million

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Federal Secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui emphasized the management of the Pakistan Software Export Board (PSEB) to create a complete marketing plan...

Pakistan is Among the Economies to be Hit Hardest by COVID-19

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As per the report released by the UN Conference on Trade and Development (UNCTAD), the economies that will face a severe hit by the novel coronavirus...
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