Business

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

Emerges as credible institution, aims to invest in disaster risk reduction

Centre, provinces well-equipped to tackle second wave of insect attack

Washington once again raises serious questions about lack of transparency in CPEC

Developing world needs fiscal space so they can invest in health sector in these challenging times, says the premier

KSE-100 index drops 225.74 points to settle at 33,932.81

Worries over economic fallout from coronavirus, weak refining margins capped gains

Savings ratio improves on back of improvement in external account

$100m will be used for PPE procurement, $200m to assist poor

Optimism prevails after news tests on Covid-19 vaccine have proved encouraging

Abdul Razzak Dawood says tariff structure will be changed to promote local production

Officials fear tax evasion from illegal trade to reach Rs77b

Businessmen say lockdown, less working hours have impacted efficiency of trade, industry

Fresh borrowing to be made for activities like garbage collection, pension, fiscal reforms

Pakistan Energy Sukuk-II oversubscribed by 70% as investors submit bids worth Rs339b

Suspects Pakistan may default on repayment to global private-sector creditors

Benchmark index increases 353.58 points to settle at 34,158.55

As more countries ease out of curbs imposed to counter coronavirus, economy needs fuel to restart

First time in 8 years, PIA achieves gross profit of Rs7.8 billion against gross loss of Rs19.7 billion in 2018

GDP shrinks to $266b, per capita income goes down to $1,366

Bourses in Britain, Germany and France recover some of last week’s losses

In 10 months of FY20, foreign firms injected capital worth $2.28b

LCCI calls for deferring interest payments, power and gas bills for 6 months

Overseas Investors Chamber of Commerce and Industry says changes will further improve regulatory environment

Investors oversubscribe Islamic bond by 50% on first day of bidding

PM Imran Khan's adviser says focus will be on bringing new potential taxpayers into tax net

Move aimed at complying with law, ensuring better resource utilisation

Negotiations between PFMA, Punjab secretary fail

Shahbaz Gill also criticises PML-N for making ‘false statements’

Positive sentiment prevails as Powell issues optimistic outlook for economic recovery later this year

Suggest massive swarms need to be killed by pesticides with strong ability of sudden killing

Budget should save common people from further economic losses

Lockdown making it necessary to opt for digital banking, mobile wallets

Such meters help identify theft, reduce power sector losses

Big decline in April export earnings leaves no room for policy confusion

Power sector debt is not an insurmountable quagmire allowed to sap fiscal resources

Revenue collection target of Rs5,100 also proposed; Fund agrees to provide relief to businesses affected by pandemic

No fresh insolvency cases would be initiated to avoid a wave of bankruptcies from companies, says finance minister

Interior ministry allows cargo trucks, pedestrians crossings following NCOC decision

Will allow anti-malaria drug manufacturers on case to case basis

Development work likely to be curbed in favour of health, education

Investors cheer lockdown ease, interest rate cut as activity increases