Business

Car sales fall 52% in 10MFY20 to 98,449 units

Shortfall due to drop in electricity sales, tariff freeze

Many food businesses resort to workers’ layoff as profits dive

Credit line is a part of a $266 billion fiscal and monetary package announced by Modi govt

Aims to highlight urgency of joint efforts to combat locusts

KSE-100 index gains 90.02 points to settle at 33,693.04

New outbreaks have been reported in South Korea and China

Retains all three large and mid-cap Pakistani stocks in its Global Standard Indexes

Notification says finance adviser to chair meetings; Centre seeks to pass cost of inefficiencies onto provinces

Deletes Section 172 of Companies Act, 2017, which bars such persons from becoming directors of companies

Demand restoration of zero-rated facility

SSGC claims to have suffered loss due to LNG swap with domestic gas

Research paints gloomy picture in case restrictions extended till Nov

Strong economic data from China, overshadow concerns

Pakistan International Airline’s domestic debt fell 12% to Rs137.7 billion by March 2020

Global oil demand slumps about 30% as crisis hits hard

Reverses decision to appoint taxmen who do not enjoy good reputation

With NFC notified, govt mulls options on distribution of resources between centre, provinces

Subsidy of Rs37b to be given on urea and DAP fertilisers

Benchmark index advances 0.96% to settle at 33,603.02

UAE, Kuwait also announce production cut by a total 180,000 bpd

Many changes made to ensure benefit reaches SMEs

Food security ministry proposes fertiliser subsidy

PM aide says Pakistan’s future borrowing will be limited to repaying old debt

Move aimed at meeting economic and technological challenges

Investors worried new cases can slow or reverse loosening of lockdown measures

New output cuts by Saudi Arabia limit price losses

Inflows may help rupee to strengthen against dollar in short run

Insists audit will ensure transparency, provide access to credible data

Optimism slumped in Q1 2020 compared to fourth quarter of 2019

Small businesses reopen after 47 days as govt relaxes lockdown

Commercial centers in all provincial capitals saw heavy traffic jams, big crowds

Kuwait follows suit with additional cut of 80,000 bpd

Investors worried new cases can slow or reverse loosening of lockdown measures

Gulf state halts monthly allowances to citizens amid record low oil prices and corona-led economic slump

Concern over persistent glut cancels out support from supply cuts by biggest producers

Benchmark index rises 16.10 points to settle at 33,283.79

Proposal for call option for two years sent to ECC for approval

Low pressure of the gas is causing a problem for K-Electric to run three gas-based power plants

Tolerance of tax loopholes is decreasing in corona-hit EU states

Schemes will give fresh impetus to Pakistan’s economy, stabilise financial condition

PTI govt should not intervene as its policy distorts market, harms poor the most

Centre, provinces should adopt unified approach to fight common threat

Demand for Pakistan’s textile, leather may fall in major export markets

Adviser says G20 will defer country’s payment of around $1.8b for one year

GDA proposes assistance on basis of past performance

Sindh minister says businesses must follow SOPs issued by govt

Tourism is among hardest hit by global outbreak that has grounded nearly all travel

Fund MD says protectionism could weaken prospects for economic recovery

Requests govt to reduce electricity tariff to regain lost status