Business

New prices will be applicable from March 1

PTI govt working on options to reduce prices of gas, petroleum products

Move comes due to spike in interest rates, refinancing risks of external debt

Also aims to cancel all non-essential travel for employees in Japan

A domestic cylinder of LPG is being sold for Rs500 and a commercial one for Rs2,000

World shares slump for fifth day, bets grow on rate cuts to counter damage

Oil-producing countries in Middle East report new coronavirus cases

Benchmark index decreases 1.34% to close at 38,338.33

Wilbur Ross will hold a meeting with PM Imran Khan during his visit

Commerce ministry sets up monitoring cell to prevent coronavirus from reaching country

Pakistan, Central Asia offer massive opportunities to investors

Decline comes on back of higher operating and exploration expenses

It also debates commerce ministry’s budgetary proposals

Demand authentic and reliable data of agricultural crops

Govt looks for out-of-court settlement with Saudi firm that has filed case in international court

Some view it as opportunity to grab big share in world market

Petroleum Division calls for stopping process due to fall in company’s share price

Cancelling the contracts with Eni and Gunvor may cost Pakistan LNG nearly $300 million in penalties

Markets around the world dive to lowest levels in over two months

Benchmark index decreases 0.73% to close at 38,858.45

Crude fell almost 4% on Monday on concern the coronavirus outbreak could turn into a pandemic

FBR says more than 6,300 refund claims processed under Annexure H

Mines’ lease-holders have failed to pay Rs51b in tax to the Centre over the last four years

Importers urge govt to introduce special policy to save them from heavy losses

Yao Jing says China will press ahead with CPEC despite challenges posed by the virus

The SECP-launched repository will hold critical data of life insurance policies electronically

Bourse says hiring made on basis of qualification and experience

Wall Street dived around 3% after it opened as the ugly sell-off spread

Jump in coronavirus cases in Italy, Korea spurs buying of safe-haven asset

Move aimed at pushing down prices of commodities

Decision put off due to lack of progress on some agreed prior conditions

Analyst says beyond near-term disruptions to supply chains, coronavirus could have an effect on headline GDP

Europe took a beating with Italy plunging more than 4% after a spike in cases of the virus

Benchmark index decreases 1,105.49 points to close at 39,143.73

Global shares also extend losses with number of infections jumping in Iran, Italy and South Korea

Increased tourism in cities can lead to job creation, cultural diversity, knowledge spillovers

Islamabad cannot afford high deficit, needs to focus on its contraction

Though monitoring is essential, it should not come at cost of capital flow

State Bank will try to cut rate slowly to avoid capital outflow

Standards for import of agri-products are likely to be more restrictive in face of deadly virus

Zaidi has been sick since January 9 due to which he had formally excused himself from working

A reduction of Rs5 to Rs30 has been made in the rates of dal chana, dal masoor and ghee

Move aims at implementing Ten Billion Tree Tsunami and Recharge Pakistan programmes

Also seeks consensus on global taxation system for digital era

OECD says this could boost national tax revenues by a total of $100b a year

Investors on sidelines as they awaited FATF outcome, focused on IMF talks and corporate results

Around 1.6 million televisions were sold in 2019, 8% higher than in 2018

Says European nation can act as gateway to Europe for businessmen

Report on institutional reforms reveals all scattered federal entities will be brought under a newly formed division

Spike comes after govt withdrew duties and taxes on raw cotton import in Jan