Most businesses have remained open in Sweden during the coronavirus pandemic. Photo: AFP The Swedish economy has taken a hard hit despite the country imposing no lockdown to stem the spread of the coronavirus unlike other countries around the world. Under the Scandinavian country's controversial approach to the virus, cafes, bars, restaurants and most businesses remained open, as did schools for under-16s, with people urged to follow social distancing and hygiene guidelines.

Gold prices dropped on Monday, as the dollar hovered close to a more than one-week high, despite fears of a second wave of coronavirus infections in Beijing denting risk appetite. Spot gold was down 0.5% at $1,720.56 per ounce as of 0640 GMT. U.S. gold futures slipped 0.7% to $1,725.30.

KARACHI: In view of the prevailing pandemic situation of COVID-19, the Sindh government on Thursday announced to decrease property tax by 25 per cent for three months, ARY News reported. According to a notification issued by the Sindh government, the payment of the property tax dues for the year 2019-20 including surcharge as on 31.03.2020

KARACHI: The price of gold in Pakistan on Wednesday hit an all-time high of Rs100,400/tola as the world economy headed towards a recession due to the spread of the coronavirus pandemic. According to rates issued by All Sindh Saraf Jewellers Association, prices moved up by Rs700/tola on Tuesday. Rate of 10-gram gold rose Rs600 to Rs86,076.

WASHINGTON: The U.S. House of Representatives on Friday approved a $2.2 trillion aid package ? the largest in American history ? to help people and businesses cope with the economic downturn inflicted by the coronavirus pandemic. The massive bill also rushes billions of dollars to medical providers on the front lines of the outbreak.

The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange Inc said after an employee and a trader were tested positive for the coronavirus. They were last in the exchange building on March 13, the company said on Wednesday.

ISLAMABAD: Adviser to Prime Minister Imran Khan on Commerce Abdul Razak Dawood has said that the federal government has allowed export of textile masks, ARY News reported on Thursday. PM’s adviser taking to Twitter said that the export of masks will not apply to surgical and N95 masks. “Pleased to announce the approval of the export of textile masks.

PARIS: Layoffs and cutting costs? companies are trying to adapt as the coronavirus hits demand and the draconian measures taken to contain the spread of the illness undercut both production and demand. With the economic impact of the coronavirus threatening the survival of many firms, governments have pledged tens of billions to help them limp along, or failing that, to bankroll outright rescues or nationalisation if necessary.

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar announced on Thursday that smalls markets and neighbourhood shops will be allowed to open from Fajar till 5pm. However, he added, the markets and other businesses, except shops selling essential items like food and medicine, will remain closed for two days a week.

Equities dipped Monday, extending last week?s losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery. While European nations press ahead with their reopening after months of strict shutdowns, there are signs that the deadly disease is coming back in China and seeing a resurgence in the United States too.