Govt striving hard to avert economic crisis amid virus outbreak: minister
ISLAMABAD: Science & Technology Minister Fawad Chaudhry said on Saturday that the Pakistan Tehreek-e-Insaf (PTI) government was striving hard to safeguard the...
SBP extends relief package to borrower availing loans under refinance schemes
KARACHI: The State Bank of Pakistan extended its relief package to borrowers availing loans under six refinance schemes, according to a statement...
Steel sector ignored in PM’s ‘special package’ for construction industry
ISLAMABAD: While announcing a “special package” for the construction industry on Friday, Prime Minister Imran Khan completely ignored the steel sector, which...
‘Economic stimulus’: PM gives major tax relief to construction sector
–Govt grants construction sector status of industry, won’t ask them about ‘source of income’ this year
–Imran says govt has to strike a...
ICT allows mobile banking merchants to operate for another five days
ISLAMABAD: In a bid to facilitate the general public, particularly those who remit money to their native areas after receiving salaries, the...
Govt striving to resolve liquidity issues faced by industrial sector: Dawood
ISLAMABAD: Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood said on Friday that the government has offered up to...
Chemical manufacturers urge govt to facilitate clearance of goods
LAHORE: Pakistan Chemical Manufacturers Association (PCMA) Chairman Abrar Ahmad has urged Prime Minister Imran Khan and Adviser to PM on Commerce Abdul...
Pakistan’s economic growth faces headwinds in 2020, recovery in 2021: ADB
ISLAMABAD: Economic growth in Pakistan is expected to slow to 2.6 percent this year due to ongoing stabilisation efforts, slower growth in...
World Bank approves $160b emergency aid to fight Covid-19
The World Bank has approved 160 billion dollar emergency aid over 15 months to help countries deal with the impact of the...
Foreigners divest $1.73bn in March
KARACHI: Total gross divestment during March 2020 reached $1.735 billion, according to data released by the State Bank of Pakistan (SBP), in...
SBP reserves drop $804m to $11.2bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $804 million to $11,185.6 million during the week...
Moody’s says SBP measures will help Pakistani banks
KARACHI: Moody's Investors Service on Thursday said in a new report that the recent measures taken by the State Bank of Pakistan...
WAPDA to award Diamer-Bhasha Dam contract this month
--'The project is divided into six major components, for which separate contracts will be awarded in a phased manner'
--'The dam part of...
Govt mulls borrowing Rs300bn to compensate for Rs1.2tr package
ISLAMABAD: The federal government is mulling to borrow Rs300 billion from different sources to meet expenses of the recently announced Rs1.2 trillion...
Stocks extend rally as index surpasses 30,000-mark
KARACHI: Continuing with the positive momentum from the previous session, indices of the Pakistan Stock Exchange (PSX) accumulated decent gains on Thursday,...