Punjab transporters on Saturday announced to slash fares by 18 percent after successful talks with the Punjab government. The Punjab govt has demanded transporters to decrease fares across the province in order to provide relief to people amid the coronavirus pandemic. Consensus has been made with Provincial govt to reduce fares by 18 percent across مزید پڑھیں

The State Bank of Pakistan reduced on Friday the policy rate by 100 basis points to 8%, it said in a statement. The decision was made at a meeting of the central bank’s Monetary Policy Committee. It reflected the committee’s view that the inflation outlook has improved further in light of the recent cut in مزید پڑھیں

Adviser to Prime Minister on Finance Abdul Hafeez Shaikh said on Thursday that they would be fortunate if Rs 3900 billion is collected in terms of taxes during the ongoing fiscal year owing to coronavirus situation faced by the country. Addressing a seminar on COVID-19 impacts on economy, Hafeez Shaikh said that it was difficult مزید پڑھیں

Energy giant Saudi Aramco on Tuesday posted a 25% slump in first-quarter profits and said the coronavirus crisis which triggered a crash in oil prices would weigh heavily on demand in the year ahead. Aramco was listed on the Saudi stock market in December following a historic $29.4 billion initial public offering — the world’s مزید پڑھیں

Japanese giant Toyota on Tuesday forecast a steep decline in sales and operating profit in the coming year as it suffers from the “wide-ranging, significant and serious” fall-out from coronavirus that has hit hard the global auto market. The manufacturer said its operating profit for the fiscal year ending in March 2021 was expected to مزید پڑھیں

Prime Minister Imran Khan held a meeting with his economic team and discussed matters pertaining to the current financial situation in the country, on Monday. Federal Minister for Planning Asad Umer, Federal Minister for Economic Affairs Hammad Azhar, Adviser to PM on Finance and Revenue Dr Abdul Hafeez Sheikh, PM’s Special Assistant on Commerce Abdul مزید پڑھیں

YouTube, the world’s biggest online video-sharing platform, will give the Pakistan government $5 million to combat the spreading coronavirus. More than 27,500 COVID-19 infections have been reported across the country so far. Medical experts have warned that the health care system will collapse if cases continue to increase rapidly. In a letter to Prime Minister مزید پڑھیں

The Sindh Minister for Labour Saeed Ghani said on Friday that the provincial government decided to allow reopening of some businesses in accordance with the standard operating procedures (SOPs) designed by the Centre۔ The statement came forth after the provincial lawmakers held meetings with traders and Muttahida Qaumi Movement Pakistan (MQM-P) leaders at the office مزید پڑھیں

The Punjab government on Friday continued its clampdown on smuggling and hoarding of wheat and seized 2,550 wheat sacks in Ahmed Nagar, Gujranwala. In line with the government’s efforts to tighten the noose against smugglers and hoarders to avoid any crisis of wheat, the local administration led by Deputy Commissioner Wazirabad, Sohail Ashraf, carried out مزید پڑھیں

China’s exports unexpectedly spiked up for the first time in April as factories competed to overcome the sales lost due to Coronavirus outbreak, but a quite high fall in imports causes trouble declining the global economy. Exports in China witnessed improvement but the overall trade outlook is bare as main economies remain grappled and almost مزید پڑھیں