There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan
Speakers call for adopting plain packaging laws
Borrowing rate cut to a range of 0-0.25%, where it was during the 2008 global financial crisis
Emergency rate cuts by US Federal Reserve, global counterparts fail to tame markets
Reduces rates by half percentage point to target range of 1% to 1.25%
Emergency interventions come as sudden cash shortages drove up interest rates
Emphasises US economy has continued to perform well overall
As warning signs about a possible recession flash red, any misstep threatens to roil financial markets
CEO, however, asks govt to reduce number of taxes on auto sector
US President Donald Trump says Powell 'let us down'