Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
ADB approves $500m loan to Pakistan to aid Covid-19 responseÂ
MANILA: The Asian Development Bank (ADB) has approved a $500 million loan to help the Pakistan Government deliver social protection programs to...
Government agrees to not borrow from SBP
ISLAMABAD: As the third round of talks between the Pakistan government and the IMF came to an end on June 9, it...
Government to finalise budget on June 8
The government is set to finalise the outlay for the federal budget 2020-21 on June 8 in a meeting of the National...
World Bank calls for longer-term debt relief for poorest countries
WASHINGTON: World Bank Group President David Malpass on Thursday called for longer-term debt relief for the world’s 77 poorest countries, and said...
Govt to present FY21 budget on June 12
ISLAMABAD: The federal government will present the federal budget for financial year 2020-21 before the National Assembly on June 12, sources said...
SBP reserves drop $141m to $12.1bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $141 million to $12.129 billion on a weekly...
BOP’s profit drops to Rs1.5bn in Q12020
LAHORE: The Board of Directors of The Bank of Punjab (BOP) met recently to consider and approve the unaudited financial statements for the...
Pakistan, several other countries likely to get Paris Club debt relief
Pakistan and the number of countries to get Paris Club debt relief this year under a deal with the G20 is set...
Govt raises Rs200b through Sukuk: Hafeez Shaikh
Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that for the first time, the government...
Standard Chartered earns Rs8.8bn profit before tax revenue in 1Q2020
The Standard Chartered Bank (Pakistan) earned profit before tax of Rs8.8 billion in the first quarter of 2020 that is 30 per...
Rupee weakens against dollar in interbank
ISLAMABAD: The exchange rate of Pakistani rupee declined by 37 paisas against US dollar in the interbank market on Tuesday to close...
ADB approves $300m to fight COVID-19 in Pakistan
ISLAMABAD: The Asian Development Bank (ADB) on Tuesday approved $300 million emergency assistance loan to strengthen Pakistan’s public health response to the...
No new tax in upcoming budget: Hafeez Shaikh
Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that the government would not introduce any new tax...
Provinces likely to oppose NFC Award over extra shares for Centre
ISLAMABAD: The provinces are likely to object to the deduction of their respective shares in the recently notified 10th National Finance Commission (NFC) after...