Business
Sindh Govt & restaurant owners agreed on SOPs to prevent coronavirus outbreak
Taxation relief to be considered for restaurant’s owners: Saeed Ghani, Labour Minister Delivery, takeaway to be allowed from 11am to 12pm during lockdown: Athar Chawla Karachi, April 20, 2020: The Sindh government and the All Pakistan Restaurant Association (APRA) have agreed on SOPs to ensure safety measures to prevent COVID-19. Restaurants will only be allowed…
COVID-19: SOPs for workplaces and industry revealed
Karachi, April 19, 2020: The government has announced Standards Operating Procedures (SOPs) for workplaces and industry in wake of Coronavirus. In view of the spread of corona virus and resulting disease (Covid-19) and deaths worldwide and also due to increasing number of cases in Pakistan as well as in Sindh the Government of Sindh passed…
Economists, associations hail government’s concessional package for construction Industry
Islamabad, April 19, 2020: Prominent economists, experts and associations had hailed the concessional package, announced by the government, for construction industry through amendments in the Income Tax Ordinance (2001) to provide tax relaxation to the builders and developers in the existing COVID-19 pandemic situation. “In the current COVID-19 pandemic situation, when whole global economy is…
Pakistan Stocks posts record recovery
Karachi, April 17, 2020: Market saw an unprecedented surge today that led to market halt at 10:52 PM for 60mins. A host of factors, all positive, from SBP’s surprise rate cut to deferment of G20 debt and IMF provided COVID-19 relief fund contributed to the ascend in index. The benchmark index realized an increase of…
IMF Board approves $1.4 bln disbursement to Pakistan for COVID-19
Islamabad, April 17, 2020: The International Monetary Fund (IMF) board has approved the disbursement of US$1.386 billion under the Rapid Financing Instrument to address the economic impact of the Covid-19 shock. The Executive Board of the International Monetary Fund (IMF) on Thursday approved a purchase of Pakistan under the Rapid Financing Instrument (RFI) equivalent to…