Business

Crude also weighed down by Fed projection US economy will shrink 6.5% this year

Drop comes due to external debt repayment of $301 million

PTI govt unveils corona-influenced budget

NEC sets 2020-21 GDP growth target at 2.1%; development outlay reduced to 1.3tr

APBF urges govt to cut taxes in budget to help businesses recover

Creates teams to address issues faced in availing financing under Rozgar scheme

PAMA says any relaxation in import policy will dent confidence of investors

All three major assemblers report depressing figures for May

Considers reducing tax on low-cost cigarettes, increasing levy on expensive brands

OECD sees unprecedented loss of income as measures to contain virus take toll

Insists it will help shopkeepers with rented premises to recover losses

Farmers struggle as worst locust plague in 25 years wipes out entire harvests

Bans export as federal, provincial departments meet only 80% of procurement target

Committee to assess fortnightly oil prices review plan

Interior minister tells PM his ministry took kinetic, non-kinetic measures, legislative amendments

Benchmark index rises 261.48 points to settle at 35,065.08

Money would help deliver social protection programmes to poor, expand health sector capabilities and create jobs

Latest agreements bring to 12 the number of countries to receive debt relief

Calls for diversifying export markets to boost revenue, tackle unemployment

Local company gears up to ship absorber FR bumpers to Vietnamese carmaker

Company performance marred by hiring on key posts on political grounds

Certain proportion of public still prefers to use ATM to withdraw cash

Also proposes to limit expense allowances for industrialists

Seeks govt approval for remitting $10.9m on condition of partially closing branches

Poultry sector says loan applications being rejected on grounds of weak audited accounts

This year the data is not expected to be encouraging, govt appears to be missing out on almost all major targets

Benchmark index rises 54.03 points to settle at 34,803.60

Saudi Arabia, Kuwait, UAE not to extend cuts of 1.18 million bpd

Residents advised to book appointment before visiting the office

Kaiser Bengali stresses need for ensuring food security amid pandemic

Initiates work to build local export brands, establish warehouses abroad

GSMA report highlights mobile as dominant form of digital connectivity in Pakistan

Says govt keen to support businesses during current difficult times

Insist it will offset devastating impact of virus on economy, exports

PM aide says direct disbursement to growers key objective of govt

Association says discussion will help enhance tax receipts, protect industry

Forms committee to probe alleged involvement of OMCs in hoarding, black marketing

Considers further reducing general sales tax of 3% to either 2% or 1%

Benchmark index gains 399.15 points to settle at 34,749.57

Both benchmarks; WTI and Brent, hit highest level since March

Fall in exports, likely drop in remittances can dent Pakistan’s forex reserves

Arbitration tribunal should be set up to resolve telecom spectrum fee issue

Another round of sell-off to form W-shape recovery cannot be ruled out

Balance tilted in favour of livelihood keeping in view socio-economic problems

Pakistan must renegotiate trade deal to promote exports to Chinese markets

Council will approve macroeconomic framework for next budget

K-P CM says major chunk of uplift funds to be allocated for strengthening health services 

ML-1 project includes dualization, upgrading of 1,872 km railway track from Peshawar to Karachi

Industrial unit owes Rs22b to SSGC; Rs36.42b to NBP, SC told

Supply resumes after govt lifts restriction on fishing