Business

Companies found involved in hoarding, black marketing of petrol

Both crude benchmarks declined earlier in session after surge in virus cases

Central bank cites no reason for increase

Legal experts says no consequential losses allowed in LNG terminal contract; $71 million claim will fail

Govt takes steps to provide financial aid of Rs25b

Another Rs480 million allocated to Emergent Need Fund to deal with coronavirus crisis

Govt has increased salaries by 10% but funds to pay them will not be released, says Akhtar

Rs300m to be spent on setting up six garbage transfer stations in Karachi

Govt will receive 89% from indirect taxes and 11% from direct taxes

Locust eradication remains main focus of the province

Political developments across the globe inject tinge of caution into trading

Currency loses Rs1.47 in three days, reaches 165.71

Maritime affairs secretary admits original concession deal offers 20-year tax relief

Encourages banks to view such financing as opportunity to broaden balance sheet

Grants sanctioned to meet excess expenditures, pick cost of bleeding enterprises

Food security ministry directed to prepare summary for discussion in ECC meeting

Benchmark index dips 170.44 points to settle at 33,848.68

Prices draw some support from stimulus measures and positive tests of drug

CM Shah unveils Rs1,241.13 budget; health gets a bump in allocation to fight Covid; salaries go up by 5-10%

Terms Gwadar port tax concessions through finance bill ‘unconstitutional’

Finance Dept releases Budget Strategy Paper

Laments Covid-19 outbreak has dealt blow to the sector

Govt has decided to reduce development funds to meet the coronavirus emergency

Chairman says govt needs to provide further funds as matter of extreme urgency

Textile sector says govt has ignored value-added exporters in FY21 budget

It comes with waning resilience of small banks, pressure on insurance firms

Risk to sensitive oil supply chain threatens country’s energy security

ECC likely to approve cash support in its meeting today

Tax exemptions made in favour of charitable organisations

IMF chief economist says both advanced and emerging markets will be in recession in 2020

Benchmark index gains 194.61 points to settle at 34,019.12

IEA revises up oil demand forecast to 91.7 million bpd for 2020

Planning minister says it is the right thing to do under the current circumstances

Major chunk of Rs97.66 billion set aside for social sector

Rs2b allocated for primary, Rs30b for secondary, Rs34b for tertiary education

Development budget for police set at Rs1.69 billion for 147 schemes

The largest province has only allocated Rs13 billion to battle Covid-19

People of Punjab are taken on board to give their recommendations regarding prioritisation of sectors

Major chunk of outlay to be spent on Lahore’s OLMT, including Rs40.8b funding by China

Women ignored in budget, says business leader

Pakistan can generate 100,000MW for several decades from Thar coal

Talks under way to resolve situation, says Afghan Chamber of Commerce

Cautions liquidity crunch will lead to decline in exports, unemployment

Increase in PIA freight rates, logistical issues on border hamper shipments

Such services will pay only 4% tax now compared to 16% previously

FBR’s chairperson orders halt to disbursement with immediate effect

Imran says a special cell can be set up for resolution of construction-related issues

Benchmark index sheds 2.27% to settle at 33,824.51

Economic data from Beijing fails to live up to expectations

Investors buy safe havens such as German government bonds