IMF acknowledges Pakistan’s measures to contain spread of Covid-19
The International Monetary Fund (IMF) has acknowledged Pakistan's measures to contain the spread of the coronavirus, Radio Pakistan reported on Tuesday.
IMF's recent publication 'Policy...
Global Investment Consortium mulls investing billions of dollars in Pakistan
ISLAMABAD: At the time when coronavirus pandemic has unnerved global economies and Pakistan is no exception, Pakistan holds good news for the economy as...
WB sees ‘huge willingness’ to suspend debt payments for poorest countries
WASHINGTON: The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s poorest...
ADB triples Covid-19 response package to $20bn
ISLAMABAD: The Asian Development Bank (ADB) on Monday tripled the size of its response to the novel coronavirus pandemic to $20 billion and approved measures to...
PSO demands Rs100 billion as defaults looms
ISLAMABAD: The country’s largest oil supplier Pakistan State Oil (PSO) has warned the government of its looming international defaults and has sought over Rs...
Russian central bank turns attention to banks hit by slower gold exports
MOSCOW: Russia's central bank is considering how to help the country's commercial banks with gold storage after complications with bullion exports because of the...
Ministry releases Rs20.5b for textile, Rs828m non-textile sector under DLTL
Adviser to Prime Minister for Commerce and Investment on Friday announced that the Ministry of Commerce has released Rs 20.5 billion for the textiles...
Pakistan to receive $1.4billion IMF in coming week: Sanchez
ISLAMABAD: Resident Representative of International Monetary Funds (IMF) in Pakistan Maria Teresa Daban Sanchez has that Pakistan would receive $ 1.4 billion through Rapid...
ADB repurposes $50m for Pakistan to help combat Covid-19
ISLAMABAD: The Asian Development Bank (ADB) has repurposed $50 million from Pakistan's National Disaster Risk Management Fund (NDRMF) to support the government's preventive and...
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 global coronavirus...
ADB sells $4.5b two-year global bonds in largest-ever single tranche outing
MANILA, PHILIPPINES: The Asian Development Bank (ADB) returned to the US dollar bond market on March 31 with the pricing of a two-year global...
Rs280 billion allocated to purchase wheat, says Hammad
Planning Minister Asad Umar has underlined the need for a united national response to meet the challenge of Coronavirus pandemic.
He was briefing the media...
SBP allows one-year moratorium on consumer loans’ principle
KARACHI: In a major development keeping in view the coronavirus situation, the State Bank of Pakistan (SBP) has said that banks and development finance...
Govt urged to renegotiate terms with IMF to fight off corona impact
Pakistan must renegotiate its terms and conditions for the current Extended Fund Facility (EFF) with the International Monetary Fund (IMF) amid the current coronavirus...
Soneri Bank posts Rs1.9bn profit for 2019
The annual financial statements of Soneri Bank Limited for the year ended 31 December 2019 were approved by the bank’s shareholders in its 28th...
