Business

Benchmark index rises 1.72% to close at 37,695.75 points

Indian tycoon loses crown as Asia's riches person after meltdown in equity and oil markets

Trump says he will be taking major steps to gird US economy against the impact of spreading coronavirus

Expert calls for re-defining governance model, end rent-seeking behaviour which serves vested interests

FBR accepts demand of halving withholding tax rates; cuts minimum income tax rate for traders

Plant protection drones expected to reach Karachi in two weeks

Currency loses Rs2.34 to close at Rs156.58 in inter-bank market

Zubair Gilani is third BOI chairman who has resigned in past almost 18 months

Wheat committee suggests price should be set at Rs1,400 per 40 kg

At present, the regulator permits SNGPL, SSGC to cover 6.3% losses

Dr Hafiz Pasha says Pakistan needs radical tax reforms through tough decisions in upcoming budget

Lower oil prices can help decelerate inflation, curtail import bill and cut interest rates

Saudi Arabia stuns markets with plans to raise production after collapse of OPEC's supply cut agreement with Russia

Market rout surprised investors and did not give them enough opportunity to exit Aramco

Later, profit-taking unwound must of the precious metal's rise

Drop seen on worries that flow of dollars may slow down into Pakistan

After Russia balked at making a further steep output cut proposed by OPEC to stabilise oil markets

Investors adopted 'dump-and-run' strategy, taking cue from slumping global markets

Kingdom of Saudi Arabia sets plan for a big increase in crude production in April

Privatisation is short-term solution with long-term negative implications

PTI govt confident it can improve quality of farm inputs, increase crop diversification

Country can benefit from fall in trade between China and the US in textile products

Cellphone manufacturing policy must target exports, not just domestic market

Lack of resources, illiteracy keeping most people away from cashless system of payments

Investment in thermal power generation sector stands at $61.8m

Dr Christian Turner praises PM Imran for promoting tourism in the country

German Ambassador to Pakistan Bernhard Schlagheck says bilateral trade between two countries is around €3 billion

Thai official says firms are exploring new opportunities for investment

GSMA findings suggest awareness increases to 70% in 2019

Housing Division wanted to award contract to Chinese firm for construction of
5 million low-cost housing units

KSE-100 index increases 236 points amid growing cases of coronavirus

Analyst expects selling to continue even if virus-affected global economy recovers

Alternative raw material supply routes can be tapped to keep industries running

The ambassador highlighted that trade, investment, economic and friendly relations between the two countries

Minister says this will help enhance job opportunities, raise revenue

Pay amount to IPPs despite no electricity generation

Omar Ayub tells Senate panel meeting will be held next week

Supply of raw material from China stops due to coronavirus threat

Shamshad Akhtar says women need to be given access to money, bank accounts and credit

Marginal increase indicates govt’s reforms initiative is not bearing fruit

In worst case scenario, country may face up to $5 billion loss

Oil plunges 9% as the development revives fears of a 2014 price crash

PM’s aide urges business community to capitalise on this opportunity to diversify exports

Coronavirus spread has dimmed growth prospects and sent investors scurrying for safe-haven assets

Benchmark index decreases 1,162.44 points to close at 38,219.67

MSCI All-Country World Index, which tracks shares across 47 countries, was down 0.72%

Moscow will not back OPEC's call for extra reduction in oil production: source

Envoy hopes free trade pact between two sides will be finalised swiftly

Official asks businessmen to diversify export products

Liquid foreign currency reserves held by the country, including net reserves held by banks, stood at $18,869 million