Business

Speakers lament no implementation of minimum wage law in Pakistan

Stocks battered as fears of lockdown and impact on economy intensify

Cabinet writes-off income tax on over $3b worth loans lent during past one year

Allows banks to extend loans for purchasing imported grain

Government had put release of funds on hold following investigation

Exporters in meeting discussed issues of Pak-Afghan trade

1,300MW clean power will be transmitted from Tajikistan to Pakistan during the summer season

Appoints Finance Minister Hammad Azhar as vice chairman

Board has proposed interim arrangement until hiring of permanent managing director

Records increase of 44% in March due to significant rise in domestic consumption, exports

Officials brief commerce adviser during meeting to review trade trends

Firm sets up heat treatment facility to remove virus from export consignments

Kaiser Bengali says autonomous SBP will have narrow window to spend on development

WAPDA chief says authority is working on eight mega dams to improve water situation

Reduction in tariff to result in estimated saving of Rs182 billion

Reiterates earlier decision of excluding closed industrial giant from CPEC framework

Funding can be utilised to boost green jobs for laid-off workers

State Bank issues instructions for call centre management

Fund warns if unaddressed it could fuel unrest

Presses govt to allow cotton yarn import from India

Expansion comes as exports grow at half the pace of increase in imports in March

Increase comes on back of receipt of $498.7m from IMF

PM aide shares govt vision on trade with Afghanistan, Central Asian Republics

Industry says it will result in quick offloading, loading of cargo

The rupee weakened against the US dollar at Rs153.29 in the inter-bank market

Power rates were 31.5% higher than a year ago and almost all kitchen items recorded a double-digit rise in prices

Benchmark KSE-100 index sheds 127.15 points to settle at 44,300.95

New finance minister says difficult decisions will be taken to consolidate economic stability

NEPRA chief highlights plan to increase renewable energy share to 60%

Expresses concern over tax notices issued to companies which may affect exports

PLL receives bids in range of $6.7 to $6.925 per mmbtu for eight cargoes

They will address issues of taxation on digital services, linking govt agencies with RAAST

Achievement comes from indirect taxes, which account for over 60% of revenues

Reduces price of high-speed diesel by Rs3 per litre, effective April 1

Call for incentivising taxpayers through ease of doing business

Gains significant ground against dollar in wake of excessive inflow of foreign currency

Schemes related to health, physical planning and housing presented in meeting

The decision is aimed at supporting entrepreneurship and improving business climate for small firms

Group will debate options from May and beyond including rollover of existing cuts

Benchmark KSE-100 index dips 0.36% to settle at 44,428.1

NEPRA reserves decision on burdening consumers with Rs96.5 billion

Call for end to tax that has discouraged value addition altogether

Expects growth in 2021 to accelerate past 5.5% projected in January

Says pesticides should not kill friendly pests for profitable cotton cultivation

Offers high interest rates to lenders to build foreign exchange reserves

Stands at Rs153.09 against US dollar after fresh gain of Rs0.95

Minister says food department will follow Covid SOPs at all centres

Amount will finance construction of 300MW hydropower plant

Proposes cut in rates of petroleum products by up to Rs5.50 per litre

The revised name takes effect in May