Business

Experts recommend further cut in interest rates and 12% reduction in GST rate

Inquiry report was supposed to be submitted on April 25

157 teams formed, 30 camps to be set up to control the infestation

International court orders Iranian company to pay NTDC compensation

Also considers securing special emergency funding from Development Bank of Japan 

Package worth €7b for Air France, €5 billion for Renault has been planned

Investors continue to weigh impact of coronavirus on economy

April 24 deadline for closing had been baked into the deal since early last year

External audit required to determine exact quantum due to claims and counter claims

Textile exporters unable to fulfil orders due to closure

Arch rivals switch to smart lockdown allowing some activities under guidelines

Punjab minister says no action will be taken against those who declare stock

Experts predict SBP may slash interest rate by another 100-300bps

New Delhi will try to approve any investment proposal in a non-sensitive sector within 15 days, says official

Rs2,000 raise to be implement after an actuarial valuation of proposed hike

Manila-based lender working on immediate and flexible financing to help Islamabad combat Covid-19

Hike in other income provides vital support to earnings

He assured that every possible effort was being made to alleviate the suffering of the people

SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with IMF

World Bank warns initial scenario forecast grim drop in economic output

Crushing economic data also delivers body blow to confidence

Seek guarantees if SMEs are unable to provide collateral

Urges govt to take concrete steps to keep economy running amid Covid-19 crisis

Move follows aggressive cut in interest rate by central bank

Board also announces cash dividend of Rs10 per share

Industry official says cannot operate without opening of supply chain

Organised traders demand monetary support to save sector, 0.6m employees

Abdul Razak Dawood says stabilisation of Chinese economy will benefit Pakistan in 'big way'

High court tells NRSP to appoint focal persons to inform people about SBP’s one-year reprieve

12 essential commodities including eggs, potatoes, sugar witnessed decline in prices, according to PBS

Profit rates of various certificates and accounts have been reduced, according to a notification

Benchmark KSE-100 index slips 0.14% to settle at 32,806.38

Brent on course for 27% loss this week, US WTI set for fall of around 14%

Cabinet members also object to Rs300m expenditure on communications strategy

Dip comes as expenses grow, earnings of subsidiaries fall

Higher-than-expected finance cost drive losses

Inventory losses mount due to dip in global crude

Pakistan Oilfields Limited's finance cost soared to Rs1.24 billion

Increase comes on back of fall in exploration cost, surge in other income

Cumulatively, the rupee has depreciated almost 49% since December 2017

Gap narrows to just $6m in March due to fall in imports amid Covid-19

Supreme Court says compensation can be claimed after issuance of refund order

Moody’s says Pakistan’s GDP growth will shrink by 0.1-0.5% in FY20

Tax exemption will be for three months of the current financial year.

New home sales decreased by the most in more than 6-1/2 years in March, US data reveals

Shops to open only for home delivery, receiving consignments

Central Tanzeem-e-Tajiran Pakistan chief slams policy of letting only few sectors to reopen

Benchmark index rises 386.6 points to settle at 32,850.83

'Out of 38 economies in Asia-Pacific, only 8% states have managed to achieve G4 status'

Move aimed at avoiding possible manipulations by mischievous elements