Business

Contraction comes due to steep fall in imports coupled with economic meltdown

Nagging coronavirus nerves temper recent recovery run

Experts say such projects will offer more benefits vs centralised large plants

Say move will promote competition and allow consumers to enjoy better services

Auto industry says it has helped to transfer technology, establish engineering base

Both crude benchmarks rose over 2% a day ago, buoyed by strong US job figures

Benchmark index rises 73.20 points to settle at 35,051.38

Indus Motor Company (IMC) has made a Rs7.5 million donation

US West Texas Intermediate (WTI) crude futures lost 18 cents to $39.64 a barrel

World stocks rose for a fourth straight day

Govt committee calls for maximising use of national space assets

May give go-ahead for increase of up to Rs2.89 per unit under quarterly adjustments

Notable recovery comes as payment pressure eases

World Bank to provide $500m credit line to give boost to housing project

CCOP authorises hiring of financial adviser to finalise transaction structure

Food minister says both sides should work together on agri-research

Regret zero-rating was not restored in budget for FY21

Newly introduced automated system aims to ensure transparency

Abdul Razak Dawood appreciates exporters for product diversification in wake of Covid-19

Huawei announces that it was committed to providing “smooth” and “reliable” connection in Pakistan

Plan to have European payments system up and running in 2022

Increase attributed to official inflows from World Bank, ADB, AIIB and China

US crude inventories decline far more than analysts expected

Benchmark index increases 88.77 points to settle at 34,978.18

Experts say Afghan peace process, defeat in Galwan Valley is driving India into sponsoring militancy in Pakistan

PTI govt misses annual target for second consecutive year

Uber rolls out extra safety measures

Flights will be operated by Airbus A350-900 offering 36 seats in Business Class, 247 seats in Economy Class

Inter-bank market: Rupee stable against dollar

Earlier, dealers and farmers delayed fertiliser purchase on subsidy hopes

IDFC official meets commerce adviser to discuss opportunities and options

Claims industry has faced Rs1.8b loss in a single day

Hits high of Rs105,200 per tola as investors flee to safe-haven asset

UNCTAD study assesses three scenarios with varying lockdown measures

European aircraft maker plans to cut 15,000 posts in response to crisis

World Bank official says low internet penetration in Pakistan hindering growth

US crude, gasoline stocks fall more than expected while distillate inventories rise

Benchmark index surges 467.49 points to settle at 34,889.41

Poor governance, Covid-19 outbreak impacts collection

Money helps achieve foreign currency reserves target of around $12b

Say it will lower transport cost, improve competitiveness of regional countries

Petroleum Division seeks approval for Rs73b recovery from RLNG consumers

One kg will now be available at Rs114 against Rs110 earlier

Further revises downward GDP growth forecast for new fiscal year

After two successive years in red, benchmark index finishes FY20 up by 1%

Companies say decisions should not be taken without consulting stakeholders

Also increases risk coverage for SMEs in collaboration with govt

Other Gulf members also make larger cuts, push compliance with pact above 100%

Benchmark index increases 240.12 points to settle at 34,421.92

Says focus will be on reducing compliance burden, improving regulatory regime