KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
KARACHI: Sindh Governor Imran Ismail has approved the Sindh COVID-19 Emergency Relief Ordinance-2020 drafted by the Sindh government, after the provincial government removed clauses pertaining to utility concessions
Under it, payment of rents for shops, houses and offices will be delayed, while the business community will also be given concessions in various taxes. The ordinance provides relief to students of the private schools as during the months of coronavirus emergency, they will be required to pay 80 per cent of the tuition fee.
Furthermore, no employees may be laid off or their salaries withheld, though deductions may be made depending on the salary amount.
After signing of the ordinance, it has come into effect with a retrospective effect from April 01, 2020 all over the province. Anyone violating the provisions of the ordinance will be slapped with a fine by the government up to Rs one million or seizure of his or her movable or immovable property or both.
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