Business

Fresh lending of $200m from World Bank likely to be approved on Thursday

Nine-month shortfall jumps to record Rs693 billion against original target

MOL, OGDC also curtail oil, gas production due to lower demand from refineries

Benchmark index rises 4.31% to close at 29,231.63

Markets have rallied since the start of last week but remain down more than 20% for the quarter

Lockdowns in European countries stop stock market listings in March

Handout says govt will provide Rs146b for emergency relief fund

FCCI will launch a programme to provide ration to the unemployed daily-wage earner

Decides that all associates of group shall be paid normally

Despite spending billions to prop up economies, scaling back of state projects blunting impact

PBC sends letter to PM aide with proposed relief plan

It will mean approaching multilateral donors to borrow Rs150 billion

Benchmark index decreases 0.31% to settle at 28,023.39

It comes as foreign investors pull out $2b from Pakistan’s debt market

Cabinet expected to take up matter in meeting today

Decision taken to reduce glut, create space for locally produced crude

Returns health-sector scheme after provinces refused to share cost

Pandemic will lead to leaner, stronger oil industry but raise risk of shortages

Refiners across the world have been forced to halt operations because of steep falls in demand

Analysts say it is becoming unprofitable for many oil firms to remain active

Country director says ADB recognises the extraordinary burden of this pandemic on Pakistan

Pakistan has never developed its manufacturing sector to sustain itself

PTA has so far permitted 24 companies to assemble handsets in Pakistan

Pakistan should not limit exemption from taxes on life-saving goods to 3 months

Govt’s discount window should support existing industrial concerns in health care

Move aimed at ensuring proper scrutiny of the files and recommendations

Says a further cut can follow as it keeps rating on negative outlook

Financial package by govt, rate cut by central bank help arrest further decline

Spokesperson says disturbance can cause shortage of medicines during epidemic crisis

Aim to persuade clients that current economic crisis presents investment opportunity

Proposes 20% quota for welfare attaches to experts working in private sector

Term it attempt to discourage investors from shifting to environment-friendly technology

Also discusses matters related to swift supply of electric power, petroleum products

Finance secretary says govt working on mechanism to reach out to labourers

IMF confirms Pakistan has approached it for $1.4 billion financial support

Fall comes due to coronavirus crisis, dip in global oil prices

PTA report says industry received $636m worth of investment

82% of females in a survey express desire to work after graduation

Regulatory approval system will allow banks interact online with central bank

Recovery seen following intervention by central bank

CCOE notes petrol demand has dropped by 41% and diesel by 55% due to lockdown

Five export-oriented industries to be supplied electricity at 7.5 cents per unit

Privatisation transactions will be completed after local and international markets recover

Govt making efforts to ensure agricultural production remains unhurt

Benchmark index rises 3.09% to settle at 28,109.57

Central bank intervenes by supplying dollars to meet demand

Payments to creditors in last quarter are likely to further stretch official foreign currency reserves

Shah Mehmood Qureshi reiterates PM Imran Khan's call for debt relief

Move aims to cope with impact of COVID-19 pandemic

Official says retailers are buying inventory for whole month rather than a week