Business

Govt commits to condition of not seeking fresh non-concessional loans during relief period

Glut created over months in oil storage facilities will loom over markets

KSE-100 index dips 195 points to settle at 33,916.64

Allegations without backing them with robust data can have serious repercussions

Controversies can be avoided by introducing competitive tariff-based bidding

If curbs remain in place, digital divide between Pakistan and world will widen

The coronavirus has given a boost to the need of having a much faster, efficient and ubiquitous mobile broadband

It reduces face-to-face dealing with banks, leads to less reliance on cash

Disbursed $69.8m last month to enable early response to emergency

Govt-led Thinktank shifts focus away from further interest rate cut, other monetary policies

To offer incentives to expatriates so that they use banking channels

Tells petroleum division stocks at OMCs across the country plummet to an average of 2-3 days requirement

Officials say it will boost local industry and aid in exporting services

Businessmen say prolonged suspension of activities is mounting pressure on industry

ICCI president says Pakistan was producing a major share of electricity from thermal fuel

It was also accused of having secretly booked and then cancelled rides on competitors’ apps

Report shows 11.35m barrels per day was highest monthly average since Jan 2019

Food ministry requests ECC to delay bank instalments for one year

Majority board members of company have resigned since its inception

Research reveals Pakistan is among highest taxed telecom markets in the world

Exports may suffer moderately as countries across the globe move to soften lockdown

World Bank seeks to cut procurement from farmers to take pressure off Punjab finances

Fact-finding committee exonerates acting MD Amer Tufail and SGM Sohail Gulzar

Official laments 70% of business has come to a standstill

Says not seeking US government funds now

Revenues surge 26% in first three months of 2020 to more than $75 billion

Brent crude hit near 21-year low last month as pandemic squeezed demand

Industries minister says govt working to revive textile sector as well

KSE-100 index jumps 1,305 points despite gloomy economic situation

Poverty Alleviation Division sought data for cash relief programme

Centre and provinces fail to divert welfare fund for paying wages

Raises it to Rs500m under its Refinance Facility for Combating Covid-19

Look to recoup some of the losses in last two weeks of fasting month

Pakistan Post Office jacks up rates to cover for the loss incurring from the ‘historic’ move

Pakistan’s trade volume to shrink as a result of slowdown in global demand, according to PPR

Reading eases on back of subdued demand in economy

Brent crude collapses 60% in 2020, hitting 21-year low last month

Policymakers can help with programme that provides immediate protection

Labourers, especially daily wagers, being laid off without any notice

Gives conditional approval to Diamer-Bhasha dam land acquisition project

Official says it will allow buying more oil carriers to increase capacity

Lockdown impacts tax collection; govt also reshuffles top hierarchy of revenue body

Abdul Razzak Dawood says it will help reduce indirect taxes like sales tax

Planning Commission terms Rs600b allocation for PSDP insufficient to boost economic growth

Industry official urges need for switching production to capture market

Foreign Office welcomes USCIRF recommendation to put India on religious freedom blacklist

Price of high speed diesel also massively cut by Rs27.15 per litre

Watchdog says UAE doing too little to stem money laundering, terrorist finance

Chinese firm says its daily sales of refined oil products have climbed

Increase comes due to receipt of $1.39b from IMF