Business

Higher-than-expected finance cost drive losses

Inventory losses mount due to dip in global crude

Pakistan Oilfields Limited's finance cost soared to Rs1.24 billion

Increase comes on back of fall in exploration cost, surge in other income

Cumulatively, the rupee has depreciated almost 49% since December 2017

Gap narrows to just $6m in March due to fall in imports amid Covid-19

Supreme Court says compensation can be claimed after issuance of refund order

Moody’s says Pakistan’s GDP growth will shrink by 0.1-0.5% in FY20

Tax exemption will be for three months of the current financial year.

New home sales decreased by the most in more than 6-1/2 years in March, US data reveals

Shops to open only for home delivery, receiving consignments

Central Tanzeem-e-Tajiran Pakistan chief slams policy of letting only few sectors to reopen

Benchmark index rises 386.6 points to settle at 32,850.83

'Out of 38 economies in Asia-Pacific, only 8% states have managed to achieve G4 status'

Move aimed at avoiding possible manipulations by mischievous elements

Decrease comes due to external debt payments by govt

Prices have suffered one of their most tumultuous weeks ever

6.2 million people will benefit from federal govt’s move

Since the start of the year, Brent has fallen more than 65% while WTI has dropped around 75%

Rise comes on back of marked increase in other income

Current liabilities exceed its current assets by Rs16,61b as at March 31, 2020

Despite loss, investors get 40% return on company’s shares

Punjab Minister for Industries for fast-tracking work on Faisalabad Expo Centre

Package approved to mitigate impact of Covid-19 pandemic

State Bank of Pakistan believes it will strengthen financial institutions’ capacity to absorb losses

Motorway scheme will be executed in partnership with private sector

Inflows push forex reserves to one-month high

Funding of $500 million aimed at overcoming health and economic shocks

Losing patience as Sindh govt continues to delay framing SOPs, some opened shops on Wednesday

Benchmark index rises 41.40 points to settle at 32,464.23

Non-existent demand and high production sent crude markets into freefall

Terms the great global lockdown as the 'mother of all external shocks'

Glut has been building since OPEC+ failed to renew output cuts last month

News follows collapse of Britain’s biggest domestic carrier last month

Reiterates kingdom constantly working to achieve market stability

Asad Umar says a commission will conduct a forensic audit and submit its findings in 90 days

May WTI crude contract plunges as storage options run out

Dealers in trouble, unable to give new orders to assemblers

Former PARC official stresses maximising investment to strengthen R&D

Islamabad did not place any oil import orders as its storage is full

Help rupee to recover Rs2.37 to 161.12 in inter-bank market

Project will help enhance trade with Russia and Central Asian states

Finance secretary says situation remains unclear, impact of relief may be $1.7b

Committee will review nine-point agenda with finance adviser Abdul Hafeez Shaikh in the chair

Ministers also approve reforms in CCP; allow export of chloroquine to friendly countries

PM's aide says Pakistan has surplus stock of around 40 million tablets and export will not cause shortage in country

Benchmark index falls 1,076.82 points to settle at 32,422.83

Names of prime minister’s aides Razak Dawood and Nadeem Baber are among the beneficiaries

Brent crude also falls sharply as demand collapses following reduced economic activity

Dismal company earnings underline worries about economic damage from pandemic