Business

Situation emerges after utility suspended physical meter reading

FCCI asks govt to finalise SOP for restart of businesses after 14th

These include optic fibre link between Karachi and Gwadar

Wholesale, retail trade expected to lay off highest number of vulnerable employees

Government adds nearly Rs6tr in one year and situation is likely to worsen

Some 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic

Benchmark index increases 2.13% to settle at 31,231.55

Markets, however, lack momentum as economic crash on a scale not seen for generations looms large

Main oil producers expected to agree on output cut of 10m bpd on Thursday

The Oil and Gas Regulatory Authority has set new prices at $9.5834 per mmbtu for the consumers of SNGPL

Official says construction industry cannot move forward without steel

The CNG sector can only survive if the government allocates Rs100,000 monthly grant to every filling station

COVID-19 has multiplied problems for manufacturers

Collapse of business activity will continue to weigh heavily on oil prices for many months

Decline led by selling of debt and equities; reserves likely to fall further

Lender says its priority has shifted to approval of $1.4b rapid financing facility

Medical centres will get financing against existing equipment

PM Imran Khan has announced historic relief package for construction sector to spur activity

OPEC+ is working on a deal to cut production by about 10% of world supply

Benchmark KSE-100 index decreases 3.3% to settle at 30,579.15

Upbeat news about infections lifts markets that shrug off data showing massive drop in US jobs

Cabinet prematurely terminates two-year contract of Chairman Shabbar Zaidi

Firdous Shamim Naqvi insists focus should be on creating jobs for people

Subsidy can be provided to poor consumers by waiving, reducing taxes

Any increase in earnings uncertain as exporters face problems in shipments

Pakistan seeks $3.7b from multilateral donors to offset impact of virus

No rules enacted to halt cartelisation, hoarding of essential commodities

Integrated plan by big nations for fiscal support of emerging economies missing

Airlines scale back beverage, snack services and allow flight attendants to wear gloves though they're not given...

It however cannot escape effects coronavirus has had on international shipping

SOPs for other sectors, running businesses in Ramazan to be devised as well

Request mechanism for providing relief to perturbed industrialists

“Carrying out the shutting down of a blast furnace is expensive,” the analysts wrote

Delay comes amid pressure from US to urgently stabilise global oil markets

Investors cheer measures announced by government to mitigate risk to economy from COVID-19

Pre-qualified bidders ask for extension in timeline in wake of coronavirus

Research house says economic activity was likely to pick up in FY20 and onwards

PTI govt says revision of packages without consultation is unprecedented and against norms

FIA-led inquiry faults govt’s decision to allow export; names PTI’s top guns as main beneficiaries

Stimulus package worth billions announced to protect industries only

Imran says industries connected to construction will continue to function even during lockdown

Global lender approves $200m loan to support country’s efforts against COVID-19

Young entrepreneurs feel mark-up rates will be the key for those who already have access to bank loans

Association official says they are facing liquidity crunch due to lockdown

Exports grow at slow pace owing to worldwide spread of coronavirus

All refund claims cleared till March 31, 2020 under stimulus package

Cites low demand, stagnation in cotton output as reasons behind low growth

Exports fall 8.5% in March as global trade slows down

OPEC, allies working on production cut equivalent to 10% of global supply

Benchmark index rises 2.73% to settle at 31,621.79