Business

Says heavy debts from govts will delay industry’s recovery

SBP gave proposal on fear of machinery breakdown during pandemic

Investors disregard US-China tensions, focus on reopening world economy

Commerce adviser says impact of Covid-19 on FDI will not be very significant

People buy goods in limited quantities as purchasing power shrinks

Sweetener costs more despite ongoing cane harvesting, sugar production season

OPEC+ set to meet in June to discuss maintaining supply cuts to shore up prices

Getting new clothes stitched for festivities is an old tradition, but coronavirus has changed everything

Association of Pakistan Motorcycle Assemblers say lower taxes will increase economic activity in next 10 months

Share of illegal cigarette jumps over 35% due to weak enforcement, poor governance

Few gaps in law hamper smooth sharing of information

Stress on improving manufacturing sector

Cabinet members oppose programme’s transfer to Parliamentary Affairs Division

Austria, Sweden, Denmark and the Netherlands call for loans-based approach instead

Rush to develop Covid-19 vaccine drives up prices for pharmaceutical stocks

Share-swap deal under discussion to cut costs, competition: CEO

BOI chairman says govt will take special measures to bring investment to AIIC

British PM asks officials to reduce Chinese involvement to zero by 2023

Oil price fall hits commodity currencies

OICCI stresses need for consolidating all taxes and levies

Dealers in China sell gold at discounts of $15-20 an ounce

AGP will also conduct special audit of Trust's stores, hospitals and investments

Slashes repo rate by 40 basis points to lowest on record at 4%

Losses elsewhere in Asia shallower than in Hong Kong

Carmaker floundering for 3 years; Covid-19 piles on further pressure

Investors trade cautiously on pre-budget uncertainty, opt to book profits ahead of holidays

High freight charges, low demand add to exporters' woes

Global lender restores Pakistan's budgetary support after four years

Statement says public debt relating to CPEC projects is less than even 10% of total debt

China is set to impose new security legislation on Hong Kong, prompting warning from Trump

Economic analysts call for enabling enabling business environment for the services sector

Covid-19 exposes euro zone frailties, cements US Fed’s role as lender

Envoy says pandemic will pass and bilateral trade will rebound strongly

Investors remain concerned over long-term impact, worsening US-China ties

Widens 64 times from $9 million in March due to coronavirus impact

Aims to encourage domestic production to counter security threat

APTMA urges govt to restore zero-rated sales tax status

FBR to accelerate refunds

Benchmark index drops 0.28% to settle at 33,836.61.

Facebook says use of mobile broadband soars over 15%

Surge comes on back of support from lower US crude inventories, OPEC-led supply cuts and recovering demand

Drop comes on account of external debt repayment of $156.1m

ECC allows diversion of Rs10b; approves terms of negotiations for debt restructuring to reduce electricity tariffs

No varsity will be added to grant stream in next fiscal

Hafeez Shaikh says business environment ideal in Pakistan

Insist such decision will provide relief to taxpayers, simplify tax laws

Stresses need for preventing locust attack on major, minor crops

PM aide says port charges, inefficiencies major issues that need to be resolved

Britain’s jobless claims in April leap to highest in nearly 24 years

Country may face shortage if refineries cut production of petroleum products