The US has tried to cushion the economic blow with nearly $3tn (£2.4tn) in new spending, including direct payments to many families. The Federal Reserve has also taken with a slew of emergency steps, including lowering interest rates to near zero. On Wednesday, Federal Reserve Chair Jerome Powell said the bank would maintain those levels مزید پڑھیں

Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh Tuesday said the government would pass on the benefit of reduced oil prices in the international market to the public and people would hear good news in this regard on May 1. Speaking in a private television channel programme, he said the cost of energy مزید پڑھیں

The FBR on Monday issued a notification for exemption of sales tax on services of property developers and promoters in the federal capital. Amid the ongoing coronavirus pandemic, the government implemented an amnesty scheme along with a string of relief measures to promote the construction sector which offers employment to a large number of labourers. مزید پڑھیں

US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output to boost markets. US benchmark West Texas Intermediate dropped 9.3% to $15.36 a barrel in Asian morning trade. Brent crude, the international benchmark, was off 3.2% at $20.75 a barrel. Prices have مزید پڑھیں

Minister for Industries and Production Hammad Azhar announced that his ministry will be presenting a relief package for the small businesses affected by the coronavirus to the Economic Coordination Committee (ECC). The minister shared that the package which will be presented tomorrow will be phase one being planned by the government to support small businesses مزید پڑھیں

Sindh government has issued Standard Operating Procedures (SOPs) for online businesses to operate in the province. According to SOPs issued by the government, all online businesses are required to submit receipt of every business transaction as a proof to the government. Owners of the business will be responsible for health of the workers, whose temperature مزید پڑھیں

Members of the Coronavirus relief think tank provided suggestions to Prime Minister Imran Khan’s finance advisor Dr Abdul Hafeez Shaikh on how to revive the economy as it reels from the pandemic. Chairing a meeting of the think tank on Saturday, Shaikh invited suggestions from the country’s economic experts on how to deal with the مزید پڑھیں

The Pakistan Stock Exchange (PSX) mostly witnessed bearish trend throughout the week and lost 25 points as compared to last week’s trading. The 100-Index was closed at the level of 32,806 points during the trading week which begun on Monday and ended on Friday. According to the weekly report, 1.3 billion crores shares worth 57 مزید پڑھیں

Pakistani authorities have warned about delays and disruption in China Pakistan Economic Corridors (CPEC) related multi-billion dollars projects after outbreak of coronavirus. A detailed report tabled before high-powered National Coordination Committee (NCC) states that Chinese companies working on CPEC projects will suffer delays and higher costs, and with supply-chain and worker related disruptions will be مزید پڑھیں

The Pakistan International Airlines (PIA) has lifted 11,000 stranded Pakistanis in the foreign countries thus so far. According to the PIA spokesperson, the operation to bring back stranded Pakistanis to the country is underway by the PIA and so far 11,000 countrymen have been lifted via 101 flights. The stranded countrymen were brought back from مزید پڑھیں