Business

Growth in international trade was already showing signs of stress, starting late 2018

Lack of data makes fight against economic, social problems highly challenging

As demand for such goods spikes, industry tackles different set of challenges

Surplus exacerbated by low demand due to rupee depreciation, coronavirus

Public Finance Management Act
fails to regulate supplementary budgets

Export volume of king of fruits in 2020 is likely to witness 70% decline compared to previous season

PM's aide admits govt could not do well on privatising state-owned enterprises, pension reforms

Recep Tayyip Erdogan says over-financing has created bloated economic model

Economic damage to different sectors across the globe has come as a major shock for all the countries

The textile industry wanted a reduction in the turnover tax to 1.5% so it could compete with regional competitors

Overseas Pakistanis will be encouraged to send money via banks

Industry official stresses on bailout package, fortnightly pricing to avoid oil crisis in future

Unprecedented moves by Federal Reserve to support financial system boost confidence

Govt looks towards ICT services for education and health solutions

KSE-100 increases 261 points as investors remained cautiously optimistic

Around 53% of additional spending done on account of Covid-19 outbreak

Increase will aggravate woes as most power plants will remain idle due to low demand

De facto finance minister advises provinces not to make budgets on basis of Rs4.963 trillion target

Naqvi is one of six former Abraaj executives who face charges stemming from private equity firm’s 2018 collapse

In the post-budget conference, PM’s aide says govt has cut its own expenditures to pass on relief to the public

Inflows stand at $1.87b compared to $1.79b in April

Higher target set at a time when petroleum demand has gone down

Exporters say budget 2020-21 is discouraging for traders

No allocation made for foreign loan repayment in hope of rescheduling by lenders

ABAD chairman says critics must understand the unusual circumstances

Move aimed at achieving Rs4.96 trillion 'aspirational' target

CGT on sale of immovable property abolished if sold after four years of purchase

Govt earmarks Rs650b for federal development projects in FY21

Allocates Rs209 billion; power sector will bear the major reduction

PTI govt sets a daunting task for FBR to collect Rs4.963 trillion revenue

Shehbaz says it is ‘recipe for disaster’; Bilawal calls it anti-people budget of ‘PTIMF’

It’s a grave injustice [not increasing the salaries] at the behest of the IMF, says PML-N's Asif

Rs1,289 billion earmarked for military spending in federal budget

Minister says senators’ recommendations will be included in budget

ABAD chairman says critics must appreciate unusual circumstances Pakistan is dealing with

Benchmark index sheds 1.47% to settle at 34,611.23

Both benchmarks head for weekly declines of over 8% after six weeks of gains

Current account deficit cut only achievement; Dr Abdul Hafeez Shaikh blames previous govt, Covid-19

Up to 19.1m jobs at risk because of lockdowns

LSM records decline of 5.4% in Jul-Mar FY20, auto worst impacted sector that contracts 36.5%

It will be mainly due to sharp decline in economic growth, increase in budget deficit

Overall, installed power generation capacity reaches 35,972MW in Pakistan

Pakistan experiencing demand and supply shock due to Covid-19

Drop comes due to external debt repayment of $301 million

Austerity measures, SBP’s double-digit policy rate hurt investors’ confidence

Expert terms growth overestimated, says government may revise it

Highest amount of tax concessions given in FY20 to affluent people

Bengali asks court to set aside the May 12 notification issued by federal govt

Benchmark index rises 63.5 points to settle at 35,128.58

Bankers union demanded that certain employees should be allowed to work from home