Business

Both benchmarks head for weekly declines of over 8% after six weeks of gains

Current account deficit cut only achievement; Dr Abdul Hafeez Shaikh blames previous govt, Covid-19

Up to 19.1m jobs at risk because of lockdowns

LSM records decline of 5.4% in Jul-Mar FY20, auto worst impacted sector that contracts 36.5%

It will be mainly due to sharp decline in economic growth, increase in budget deficit

Overall, installed power generation capacity reaches 35,972MW in Pakistan

Pakistan experiencing demand and supply shock due to Covid-19

Drop comes due to external debt repayment of $301 million

Austerity measures, SBP’s double-digit policy rate hurt investors’ confidence

Expert terms growth overestimated, says government may revise it

Highest amount of tax concessions given in FY20 to affluent people

Bengali asks court to set aside the May 12 notification issued by federal govt

Benchmark index rises 63.5 points to settle at 35,128.58

Bankers union demanded that certain employees should be allowed to work from home

Crude also weighed down by Fed projection US economy will shrink 6.5% this year

Drop comes due to external debt repayment of $301 million

PTI govt unveils corona-influenced budget

NEC sets 2020-21 GDP growth target at 2.1%; development outlay reduced to 1.3tr

APBF urges govt to cut taxes in budget to help businesses recover

Creates teams to address issues faced in availing financing under Rozgar scheme

PAMA says any relaxation in import policy will dent confidence of investors

All three major assemblers report depressing figures for May

Considers reducing tax on low-cost cigarettes, increasing levy on expensive brands

OECD sees unprecedented loss of income as measures to contain virus take toll

Insists it will help shopkeepers with rented premises to recover losses

Farmers struggle as worst locust plague in 25 years wipes out entire harvests

Bans export as federal, provincial departments meet only 80% of procurement target

Committee to assess fortnightly oil prices review plan

Interior minister tells PM his ministry took kinetic, non-kinetic measures, legislative amendments

Benchmark index rises 261.48 points to settle at 35,065.08

Money would help deliver social protection programmes to poor, expand health sector capabilities and create jobs

Latest agreements bring to 12 the number of countries to receive debt relief

Calls for diversifying export markets to boost revenue, tackle unemployment

Local company gears up to ship absorber FR bumpers to Vietnamese carmaker

Company performance marred by hiring on key posts on political grounds

Certain proportion of public still prefers to use ATM to withdraw cash

Also proposes to limit expense allowances for industrialists

Seeks govt approval for remitting $10.9m on condition of partially closing branches

Poultry sector says loan applications being rejected on grounds of weak audited accounts

This year the data is not expected to be encouraging, govt appears to be missing out on almost all major targets

Benchmark index rises 54.03 points to settle at 34,803.60

Saudi Arabia, Kuwait, UAE not to extend cuts of 1.18 million bpd

Residents advised to book appointment before visiting the office

Kaiser Bengali stresses need for ensuring food security amid pandemic

Initiates work to build local export brands, establish warehouses abroad

GSMA report highlights mobile as dominant form of digital connectivity in Pakistan

Says govt keen to support businesses during current difficult times

Insist it will offset devastating impact of virus on economy, exports

PM aide says direct disbursement to growers key objective of govt

Association says discussion will help enhance tax receipts, protect industry