AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

China's cabinet announced more measures on Friday to support employment in the world's second-largest economy, which is expected to shrink for the first time in four decades because of the coronavirus outbreak.
China's jobless rate rose to a record 6.2% in February and any rapid rise in unemployment could pose a big challenge to China's stability-obsessed leaders.
China will speed up targeted tax cuts for firms, return more unemployment insurance premiums to companies that save jobs and subsidise small firms to hire college graduates with contracts longer than a year, the cabinet said in a statement on Friday.
The government will also accelerate the resumption of operations at key firms and projects, especially in manufacturing, construction, logistics and public services, the cabinet said.
Small- and medium-sized firms with few or zero layoffs, could get back up to 100% of the unemployment insurance premiums paid in the previous year, the cabinet said.
China will also help migrant workers to find jobs and support flexible employment, allow more street vendors and markets, stalls and other business outlets, it said.
Premier Li Keqiang said China would spare no effort to help small, medium-sized and private businesses to survive, adding that fiscal and monetary policies that have been rolled out should be aimed more towards small companies, according to a statement posted on the cabinet's website.
Small and private firms in China account for 80% of urban employment.
"The current epidemic situation is spreading globally and the international market is very volatile", the official Xinhua news agency quoted Li as saying.
The premier said China's macroeconomic policy coordination should track changes in the world economic situation, and study and improve countermeasures in a timely manner to boost the economy's recovery, according to Xinhua.

Copyright Reuters, 2020

Comments

Comments are closed.