economy

Ministry of Finance says State Bank of Pakistan ‘facilitated speculative behaviour’ of commercial banks

Fall comes as people are unable to visit doctors due to lockdown

Traders body official says no definition for “stock” provided

Many face bitter choice between risking infection and economic ruin

Despite Pakistan govts' orders to retain employees, many have been laid off

KSE-100 Index gains nearly 800 points in outgoing week as investors renew interest

Pakistani businessmen say PTI govt's decisions will open new avenues of investment, create employment

Ex-finance secretary Wajid Rana to head commission; no deadline fixed for recommendations

Pakistan eases curbs on construction sector to protect earnings, jobs

Says govt should focus on supporting traders to ensure survival

Companies stress need for learning from pandemic to draft future strategies

Seeds estimated to be planted on 33,333 hectares of land

Turkmenistan aims to achieve financial close of project in Nov

IMF says balance of payments situation may worsen due to economic shocks

IMF says the global economy is expected to shrink by 3.0% during 2020

Benchmark KSE-100 index rises 1,502.37 points to settle at 32,831.83

Although more than 35 projects were approved last year, none have received any actual funds so far

Independent power producers say if evidence of wrongdoing found, they should be punished

Uptrend comes mainly due to price rise in global market

People reduce use of banknotes out of fear of contracting virus

Inquiry reveals independent power producers in Pakistan made excessive profit due to flawed policies

Finance adviser says comprehensive relief package will be offered to industry

Pakistan also expects to get $1.5b relief in shape of delay in repayment of loans to bilateral creditors

Revision comes due to deteriorating global and domestic outlook

As reported cases crossed 2.05 million globally with more than 136,600 people dead

And that is still not the worst-case scenario.

Financing aimed at enhancing water availability in Punjab

Investors also fretted on news that US President Donald Trump had frozen US funding for the World Health Organization

Pakistan will have to pay $19b worth of debt, face big drop in remittances

Pakistan’s deficit can reach Rs4tr due to coronavirus impact, according to IMF findings

State Bank of Pakistan aims to mitigate risk of drop in foreign currency inflow

PTI govt planning to resume bilateral trade with Afghanistan

IMF board approves first batch of countries to receive grants

Hike in Toyota Yaris, Corolla and IMV variants comes on back of rupee depreciation

PM Imran Khan had promised immediate relief to improve liquidity of businesses

Dr Abdul Hafeez Shaikh says without it developing countries will be worst affected from COVID-19 pandemic

Businessmen say revenue insufficient due to partial operation of export units amid coronavirus lockdown

State Bank of Pakistan says optimism is now subject to risks arising from spread of coronavirus

Move may hamper privatisation of state-run power plants

The government will have to let the wheel of the economy roll, and it is time to start thinking beyond the lockdown

Amount includes $23b principal loans, another $4.6b on account of interest payments

Finance minister says these will mitigate economic impact of COVID-19

Total cost of package is Rs8.7b; USC will sell flour at existing prices

Surge led by speculative increase in demand, uptick in prices of imported commodities

Seeks to invest in megaprojects like housing scheme, Reko Diq mining, Diamer-Bhasha dam

Call for strengthening cooperation to spring back quickly after the crisis

Key to survival is not just relief package but also willingness for a paradigm shift

Loan will be given to extend budgetary support to the country in the wake of economic slowdown

World Bank report estimates the country’s GDP to contract up to 2.2%

Others compare it to natural disaster, ‘worst crisis’ since Great Depression