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...
NBP’s income jumps 11.5pc to Rs108bn, AGM told
ISLAMABAD: The 71st annual general meeting of the National Bank of Pakistan was informed on Tuesday that total income of NBP closed...
ADB lauded for aiding Pakistan in fight against coronavirus
ISLAMABAD: Asian Development Bank (ADB) Country Director for Pakistan Mrs Xiaohong Yang called on Federal Minister for Economic Affairs Makhdum Khusro Bakhtyar...
Covid-19: SBP activates temporary relief facility to support economy
KARACHI: The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF) scheme to expand existing projects...
FY21 budget: Hafeez Shaikh vows redressal of business community’s woes
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Friday said the government was actively resolving the...
Jazz posts $2.09bn revenue for 1Q2020
ISLAMABAD: Veon, the parent company of Jazz Pakistan, has published financial results for the quarter ended 31st March 2020.
As per the financial...
Govt launches ‘secured transactions registry’ to facilitate financial institutions
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday formally launched the Secured Transactions Registry (STR)...
Meezan Bank’s profit jumps 62pc to Rs4.9bn
KARACHI: The Board of Directors of the Meezan Bank met on Tuesday to review the bank’s performance and announce its financial statements...
SBP raises Rs391.3bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) Wednesday reported that the government had raised Rs391.3 billion through T-bills, against the auction target...
Shazad Dada resigns as Standard Chartered CEO, likely to join UBL
KARACHI: Shazad Dada has stepped down as President and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan (SCBPL), according to...
Changes in tariff structure for FY21 budget on the cards: minister
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said the Ministry of Commerce was aggressively...
MCB expects deposits to grow, policy rate to fall by 100bps
KARACHI: MCB Bank on Monday gave an update on its recent financials and bank outlook in a corporate briefing to investors via...
SBP says 700 firms seek subsidised loans to avoid layoffs
KARACHI: The
State Bank of Pakistan (SBP) said on Monday that around 700 companies have
forwarded applications for cheaper loans under the central bank’s...