Business

Bank of Japan expands stimulus to cushion impact of coronavirus

WTI falls over $3 on concerns Cushing storage can reach full capacity

Relief package for daily wage earners will be distributed among four to six million people

PTI govt urged to come up with comprehensive, long term policy

PPP minister says Sindh govt already waived motor vehicle tax to give them relief

Focus shifts to emergency health needs and saving lives

Pakistan should hire experts, finance rare earth metal projects through budget

All businesses of Asian region trying hard to cope with unfolding situation

State Bank of Pakistan needs to launch comprehensive emergency lending schemes

It is almost certain exports, remittances will not grow in final quarter of FY20

National Electric Power Regulatory Authority tasked with preparing detailed response, suggesting suitable actions

PCCSS will check documents and seals installed on containers at all entry and exit focal points

Industries ministry also working on a collateral-free financing for SMEs affected by Covid-19 pandemic

US looking for 'big thoughtful policies' to rebuild confidence in economy battered by coronavirus

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

Experts recommend further cut in interest rates and 12% reduction in GST rate

Inquiry report was supposed to be submitted on April 25

157 teams formed, 30 camps to be set up to control the infestation

International court orders Iranian company to pay NTDC compensation

Also considers securing special emergency funding from Development Bank of Japan 

Package worth €7b for Air France, €5 billion for Renault has been planned

Investors continue to weigh impact of coronavirus on economy

April 24 deadline for closing had been baked into the deal since early last year

External audit required to determine exact quantum due to claims and counter claims

Textile exporters unable to fulfil orders due to closure

Arch rivals switch to smart lockdown allowing some activities under guidelines

Punjab minister says no action will be taken against those who declare stock

Experts predict SBP may slash interest rate by another 100-300bps

New Delhi will try to approve any investment proposal in a non-sensitive sector within 15 days, says official

Rs2,000 raise to be implement after an actuarial valuation of proposed hike

Manila-based lender working on immediate and flexible financing to help Islamabad combat Covid-19

Hike in other income provides vital support to earnings

He assured that every possible effort was being made to alleviate the suffering of the people

SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with IMF

World Bank warns initial scenario forecast grim drop in economic output

Crushing economic data also delivers body blow to confidence

Seek guarantees if SMEs are unable to provide collateral

Urges govt to take concrete steps to keep economy running amid Covid-19 crisis

Move follows aggressive cut in interest rate by central bank

Board also announces cash dividend of Rs10 per share

Industry official says cannot operate without opening of supply chain

Organised traders demand monetary support to save sector, 0.6m employees

Abdul Razak Dawood says stabilisation of Chinese economy will benefit Pakistan in 'big way'

High court tells NRSP to appoint focal persons to inform people about SBP’s one-year reprieve

12 essential commodities including eggs, potatoes, sugar witnessed decline in prices, according to PBS

Profit rates of various certificates and accounts have been reduced, according to a notification

Benchmark KSE-100 index slips 0.14% to settle at 32,806.38

Brent on course for 27% loss this week, US WTI set for fall of around 14%

Cabinet members also object to Rs300m expenditure on communications strategy

Dip comes as expenses grow, earnings of subsidiaries fall