Business

Kuwait follows suit with additional cut of 80,000 bpd

Investors worried new cases can slow or reverse loosening of lockdown measures

Gulf state halts monthly allowances to citizens amid record low oil prices and corona-led economic slump

Concern over persistent glut cancels out support from supply cuts by biggest producers

Benchmark index rises 16.10 points to settle at 33,283.79

Proposal for call option for two years sent to ECC for approval

Low pressure of the gas is causing a problem for K-Electric to run three gas-based power plants

Tolerance of tax loopholes is decreasing in corona-hit EU states

Schemes will give fresh impetus to Pakistan’s economy, stabilise financial condition

PTI govt should not intervene as its policy distorts market, harms poor the most

Centre, provinces should adopt unified approach to fight common threat

Demand for Pakistan’s textile, leather may fall in major export markets

Adviser says G20 will defer country’s payment of around $1.8b for one year

GDA proposes assistance on basis of past performance

Sindh minister says businesses must follow SOPs issued by govt

Tourism is among hardest hit by global outbreak that has grounded nearly all travel

Fund MD says protectionism could weaken prospects for economic recovery

Requests govt to reduce electricity tariff to regain lost status

Maritime ministry floated idea for cheaper imported oil due to lack of onshore storages

K-Electric presentation highlights overall energy planning remains fragmented

PIAF urges govt to reopen all markets without specification

KSE-100 sheds 884 points to settle at 33,268 points

Fertiliser manufacturers want taxes withdrawn, while IMF seeks end to concessions

Finance ministry proposes 31% increase in tax collection to revive IMF programme

US Energy Information Administration's weekly report shows 15 weeks of consecutive rises in crude stocks

The ministry works on another scheme aimed at providing interest-free loans to small businesses

Company official says govt should raise taxes but consider moderating price elasticity

Adviser says measures being taken for ensuring ease of doing business

Exporters urge govt to extend export date to June 1

Move aimed at providing further stimulus to economy

Now, retired civil servants will not be able to keep govt accommodation

E-commerce grows as retailers connect with buyers online amid lockdown

Say the decision will save millions from unemployment

Some people opt for garments supply from retail stores to customers' doorsteps

Benchmark index slips 36.47 points to settle at 33,267.69

More countries move ahead with plans to relax economic and social lockdowns

Many analysts expect the economy to plunge by at least 20% in the current quarter

Says Britain’s economy on course to shrink by 25% in three months to June

Demands support worth €9b in exchange for 25% stake in company

Says the main focus is to ensure that the workers associated with these small businesses are not laid off

Per-kg price of CNG will also be reduced in Punjab, where RLNG is used in filling stations, in the same proportion

Uzbek deputy PM requests support for joining QTTA

Committee set up to review budget proposal as taxes cause losses to firms

Central bank cites no reason for increase

Energy demand slumped in April due to coronavirus pandemic

Initiative will improve access to finance for MSMEs, agri-borrowers

Online ride-hailing companies forced to lay off employees

Industries having export orders have been allowed to operate only

Benchmark index falls 424.02 points to settle at 33,304.16

Central bank cites no reason for increase