Business

Many analysts expect the economy to plunge by at least 20% in the current quarter

Says Britain’s economy on course to shrink by 25% in three months to June

Demands support worth €9b in exchange for 25% stake in company

Says the main focus is to ensure that the workers associated with these small businesses are not laid off

Per-kg price of CNG will also be reduced in Punjab, where RLNG is used in filling stations, in the same proportion

Uzbek deputy PM requests support for joining QTTA

Committee set up to review budget proposal as taxes cause losses to firms

Central bank cites no reason for increase

Energy demand slumped in April due to coronavirus pandemic

Initiative will improve access to finance for MSMEs, agri-borrowers

Online ride-hailing companies forced to lay off employees

Industries having export orders have been allowed to operate only

Benchmark index falls 424.02 points to settle at 33,304.16

Central bank cites no reason for increase

US output cuts, slow return of some activity in Europe lend further support

Not more than five per cent are operating online, claims trade association chief

Excessive rains, attack of yellow leaf rust virus cause some losses

Federal government would bear 40% of the first loss on the principal portion of the disbursed loan portfolio of banks

FBR had allowed consortium to change quoted price for tobacco track-and-trace licence

Supply glut offsets hopes for recovery in demand as some countries ease lockdowns

Highlights adverse implications of taxation and monetary policies

Demand hefty demurrage from importers due to delay in lifting cargo

Fuel unavailability may delay harvest of crops, spark food insecurity

Asim Saleem Bajwa says special emphasis is on agriculture, industries, trade, and science and technology sectors

Suggests restarting inter-provincial transport, moving on to second phase of resuming construction sector activities

Uber Technologies says it will cut 3,700 full-time jobs as Covid-19 pandemic decimates ride-hailing businesses

Saeed Ghani urges employers to take loans from SBP to pay worker salaries

Benchmark index falls 264.57 points to settle at 33,728.18

Brent crude price almost doubles since hitting 21-year low on April 22

Official says impact will depend on Pakistan’s epidemic prevention, control measures

Aid aimed at procuring health equipment, disbursing cash assistance among needy women

Easing lockdowns offset fears of renewed trade war between China and US

Increase comes on back of fluctuation in foreign exchange and its impact on business

Trade deficit contracts 19% to $2.1b as lockdown disrupts international trade

The SECP chairman advised NBMFCs to go for product diversification for insurance solutions

Can propose increase in exemption limit to Rs100,000 worth of purchases

Exporters face liquidity constraints on delay in release of refunds

Crude price slump may be a reason as company cannot bear high drilling cost

Commerce adviser says move aims to decrease the import bill under ‘Make in Pakistan Policy’

WB says Ehsaas programme contributes to mitigate economic impact

Benchmark index rises 0.22% to settle at 33,992.75

Italy, Spain, Nigeria, India open up construction sites, parks and libraries

US airlines posted losses in the first quarter and are on track for a dismal second quarter due to Covid-19

Trump weighs new tariffs to punish Beijing for its handling of virus

Changes in law will promote ease of doing business, encourage new firms

Banks buying govt bonds, corporate debt to help businesses through pandemic

Losses come despite millions of Europeans emerging from lockdown

Producers operate at full capacity while sales have turned sluggish

Kick-starts process of raising Shariah compliant debt to ease liquidity constraints

Punjab governor tells businessmen reviving activity is top priority