Business

European carriers worst hit as shares battered; Norwegian Air slumps 25%

Envoy insists both countries aim to raise bilateral trade to $5b annually

PM Imran Khan also says benefit of falling oil prices to be passed on to consumers

Foreign selling of T-bills, divestment at PSX drag down currency

Currency dealers meet SBP high-up to discuss issue

GSP adviser says 44 departments are working to thresh out viable solutions under NSW

PTI govt to hand over role of tax refunds to State Bank of Pakistan

Parliamentarians seek reversal of 17% sales tax levied on export-oriented sector

Central bank cites no reason for increase in reserves

Pan-European STOXX 600 drops 5%, mainly dragged down by travel and leisure sector

Bitcoin slumped its lowest

Two main benchmarks are down about 50% from highs reached in January

Index slips to 35,956.69 as sell-off in global markets intensifies

PTI govt insists PTI leader Jahangir Tareen offering sweetener at a less rate

Imran Khan assures officials of full support in addressing their concerns

Decline comes due to soaring auto prices, slowdown in Pakistan’s economy

Finance ministry reveals no room to increases salaries of govet employees before budget

Pressure mounts as foreigners pull out investment amid virus fears

World is now likely to avoid concentration of industries in one country

Survey considered 547 listed companies, of which 50 did not have any record

Hisense investing $800,000 for establishing a new air conditioner assembly line in Pakistan

Pakistan Refinery Limited says OMCs are importing, not lifting locally produced oil products

Relief package will provide cheap electricity to major export industries

Benchmark index decreases 0.06% to close at 37,673.25 points

Prices climbed $2 earlier on hopes that spending cuts by North American producers would lead to a drop in output

Bank of England also announced measures to support lending to small businesses

Deals at low crude prices will ease pressure on country’s foreign currency reserves

They had submitted challans but were unable to file asset declarations

Global economy tumbling due to the coronavirus outbreak, Pakistan is also feeling the impact

Earnings amounted to $14.36b in the same period of previous fiscal year

Pakistani company is seeking to acquire 50% shares in Saudi steel unit

Debt growth slows due to stable exchange rate, better non-tax revenues

Will buy 100,000 tonnes from sugar mill owners for utility stores

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4%

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