Business

US output cuts, slow return of some activity in Europe lend further support

Not more than five per cent are operating online, claims trade association chief

Excessive rains, attack of yellow leaf rust virus cause some losses

Federal government would bear 40% of the first loss on the principal portion of the disbursed loan portfolio of banks

FBR had allowed consortium to change quoted price for tobacco track-and-trace licence

Supply glut offsets hopes for recovery in demand as some countries ease lockdowns

Highlights adverse implications of taxation and monetary policies

Demand hefty demurrage from importers due to delay in lifting cargo

Fuel unavailability may delay harvest of crops, spark food insecurity

Asim Saleem Bajwa says special emphasis is on agriculture, industries, trade, and science and technology sectors

Suggests restarting inter-provincial transport, moving on to second phase of resuming construction sector activities

Uber Technologies says it will cut 3,700 full-time jobs as Covid-19 pandemic decimates ride-hailing businesses

Saeed Ghani urges employers to take loans from SBP to pay worker salaries

Benchmark index falls 264.57 points to settle at 33,728.18

Brent crude price almost doubles since hitting 21-year low on April 22

Official says impact will depend on Pakistan’s epidemic prevention, control measures

Aid aimed at procuring health equipment, disbursing cash assistance among needy women

Easing lockdowns offset fears of renewed trade war between China and US

Increase comes on back of fluctuation in foreign exchange and its impact on business

Trade deficit contracts 19% to $2.1b as lockdown disrupts international trade

The SECP chairman advised NBMFCs to go for product diversification for insurance solutions

Can propose increase in exemption limit to Rs100,000 worth of purchases

Exporters face liquidity constraints on delay in release of refunds

Crude price slump may be a reason as company cannot bear high drilling cost

Commerce adviser says move aims to decrease the import bill under ‘Make in Pakistan Policy’

WB says Ehsaas programme contributes to mitigate economic impact

Benchmark index rises 0.22% to settle at 33,992.75

Italy, Spain, Nigeria, India open up construction sites, parks and libraries

US airlines posted losses in the first quarter and are on track for a dismal second quarter due to Covid-19

Trump weighs new tariffs to punish Beijing for its handling of virus

Changes in law will promote ease of doing business, encourage new firms

Banks buying govt bonds, corporate debt to help businesses through pandemic

Losses come despite millions of Europeans emerging from lockdown

Producers operate at full capacity while sales have turned sluggish

Kick-starts process of raising Shariah compliant debt to ease liquidity constraints

Punjab governor tells businessmen reviving activity is top priority

PAEC has not yet given consent on reducing profitability on investment

Gold loses ground to stand at Rs94,800 per tola

Govt commits to condition of not seeking fresh non-concessional loans during relief period

Glut created over months in oil storage facilities will loom over markets

KSE-100 index dips 195 points to settle at 33,916.64

Allegations without backing them with robust data can have serious repercussions

Controversies can be avoided by introducing competitive tariff-based bidding

If curbs remain in place, digital divide between Pakistan and world will widen

The coronavirus has given a boost to the need of having a much faster, efficient and ubiquitous mobile broadband

It reduces face-to-face dealing with banks, leads to less reliance on cash

Disbursed $69.8m last month to enable early response to emergency

Govt-led Thinktank shifts focus away from further interest rate cut, other monetary policies

To offer incentives to expatriates so that they use banking channels

Tells petroleum division stocks at OMCs across the country plummet to an average of 2-3 days requirement