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...
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...
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...
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...
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...
World Bank approves $160b emergency aid to fight Covid-19Â
The World Bank has approved 160 billion dollar emergency aid over 15 months to help countries deal with the impact of the...
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...
Rs280 billion allocated to purchase wheat, says HammadÂ
Planning Minister Asad Umar has underlined the need for a united national response to meet the challenge of Coronavirus pandemic.
He was briefing...
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...
Govt urged to renegotiate terms with IMF to fight off corona impact  Â
Pakistan must renegotiate its terms and conditions for the current Extended Fund Facility (EFF) with the International Monetary Fund (IMF) amid the...
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...
World Bank, IMF call for suspending debt payment by developing countries
The World Bank and International Monetary Fund (IMF) Wednesday urged upon its bilateral creditors to suspend debt payments from International Development Association...
Central banks deploy record sums to break financial logjam, but may need more
LONDON/BOSTON: Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as...
Engro Corp reports 32pc increase in revenue
KARACHI: Engro Corporation on Tuesday released its annual report for the year ended on December 31, 2019.
According to the annual report, Engro...
SBP to announce monetary policy tomorrowÂ
KARACHI: The MoneÂtary Policy Committee of State Bank of Pakistan (SBP) will meet on Tuesday to announce its decision on the key...