economy

Minister, SBP governor review country’s financial health

People opt for goods purchase digitally rather than physically

PM’s finance aide says comprehensive steps taken to combat coronavirus

Market analysts anticipate inflation to decelerate due to sharp drop in oil prices

May downgrade country’s long-term local and foreign credit ratings

Allows Pakistanis to keep less than 10% shares in offshore firms hidden

Allows local manufacturing of mobile phones; discusses retrenchment of all PSM employees

Dr Abdul Hafeez Shaikh suggests abolition of low-revenue yielding tax codes in next budget

SOPs issued for gyms, salons amid violations in markets

Dr Abdul Hafeez Shaikh says govt trying to maintain balance between health and economy

Call for reintroducing zero-rated facility, reducing GST

Say govt support is critical as global lockdown has hit them hard

Shortfall due to drop in electricity sales, tariff freeze

Umar urges provinces, public to play their due roles and ensure health and safety of people

Britain has been in extensive lockdown since March 23

Notification says finance adviser to chair meetings; Centre seeks to pass cost of inefficiencies onto provinces

Research paints gloomy picture in case restrictions extended till Nov

Health Secretary Matt Hancock says business ministry will set out details of how employers could make workplaces safer

Many changes made to ensure benefit reaches SMEs

Food security ministry proposes fertiliser subsidy

PM aide says Pakistan’s future borrowing will be limited to repaying old debt

Move aimed at meeting economic and technological challenges

Investors worried new cases can slow or reverse loosening of lockdown measures

New output cuts by Saudi Arabia limit price losses

Inflows may help rupee to strengthen against dollar in short run

Insists audit will ensure transparency, provide access to credible data

Optimism slumped in Q1 2020 compared to fourth quarter of 2019

Schemes will give fresh impetus to Pakistan’s economy, stabilise financial condition

Centre, provinces should adopt unified approach to fight common threat

Demand for Pakistan’s textile, leather may fall in major export markets

Maritime ministry floated idea for cheaper imported oil due to lack of onshore storages

K-Electric presentation highlights overall energy planning remains fragmented

Fertiliser manufacturers want taxes withdrawn, while IMF seeks end to concessions

Lifting the lockdown at such a critical time could mean a human disaster of equal proportion

Finance ministry proposes 31% increase in tax collection to revive IMF programme

US Energy Information Administration's weekly report shows 15 weeks of consecutive rises in crude stocks

The ministry works on another scheme aimed at providing interest-free loans to small businesses

Adviser says measures being taken for ensuring ease of doing business

Move aimed at providing further stimulus to economy

Surge in new cases reported across the country as coronavirus tally jumps to 26,990

There is no other option for Pakistan and its people but to be ready for severe austerity

Per-kg price of CNG will also be reduced in Punjab, where RLNG is used in filling stations, in the same proportion

Committee set up to review budget proposal as taxes cause losses to firms

Central bank cites no reason for increase

Energy demand slumped in April due to coronavirus pandemic

FM Qureshi says govt plans to save both lives and livelihood

Experts call for printing more banknotes for Ehsass distribution

Excessive rains, attack of yellow leaf rust virus cause some losses

Federal government would bear 40% of the first loss on the principal portion of the disbursed loan portfolio of banks

Official says impact will depend on Pakistan’s epidemic prevention, control measures