Business

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

Gold price rises Rs1,600 to Rs104,400 per tola

Finds three companies involved in creating artificial fuel shortage

Concessions may weaken efforts to widen tax base, create distortions in tax system

Critics warn it will take longer to reap policy’s environmental, financial benefits

Optimism over easing measures wins over fear of surging coronavirus infections

Aims to double exports of vehicles and components in next five years

Expect turnaround in sector in July on back of massive orders

World Bank senior economist says exports crucial to Pakistan’s recovery

Benchmark index increases 242.31 points to settle at 34,181.8

 Outlay for new fiscal year to be presented in NA today

If trust deficit persists, no federal funding will deliver desired results

Pakistan must ensure easier access to technology across different population segments

Pakistan’s budgetary process continues to be predominantly on conventional lines

Revenue collection estimate is unrealistic as govt expects 27% growth

Increasing savings and productivity only recipe for healthy economic growth

Minister says K-P, PASSCO fail to achieve procurement targets

Four cut motions by opposition MPAs voted down

Food minister stresses technological advancement to boost cotton yield

Demand govt to withdraw decision which will increase cost of doing business

Businessmen condemn power outages in Karachi

Decides to send mangoes to heads of states of countries to boost exports

Activity remains dull as index posts gains of 501 points in outgoing week

Changes oil price revision formula without approval from relevant forum

Locust swarm, Covid-19 puts food security at risk in Pakistan

Imran Khan's govt may offer relief to industrialists

Laments govt paid no heed to budget proposals of businessmen

Georgieva says recovery will have to get under way without medical breakthrough

Pakistan's exports of sports goods drop from $1b to $700m

Finance adviser tells Chinese envoy of measures taken to mitigate socio-economic impact

Investors hope Europe will continue to rebound from economic damage of coronavirus

PM aide calls for diversification of export products

Increase comes on back of rupee depreciation, higher production cost