SBP reduces cheque clearing time in wake of virus outbreak
KARACHI: The State Bank of Pakistan (SBP) has significantly reduced the time it takes to clear a cheque, according to a circular...
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...
Weekly inflation drops 1.25pc Â
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation (as on March 26) for the combined consumption group witnessed a decrease of 1.25pc...
SBP launches online portal for FX-related cases
KARACHI: The State Bank of Pakistan has launched a Regulatory Approval System (RAS) for cases related to foreign exchange policy and operations,...
Sindh govt exempts pesticide, fertiliser, seed outlets from lockdown
Provincial Minister for Agriculture Ismail Raho has said that the Sindh government has decided to exempt pesticide, fertiliser and seeds outlets from...
G20 leaders pledge $5tr to combat coronavirus
WASHINGTON: G20 nations pledged a "united front" Thursday in the fight against coronavirus, saying they were injecting $5 trillion into the global...
APTMA seeks early notification of ECC-approved power tariff
LAHORE: All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has urged the government to immediately notify the already approved electricity...
OMCs asked to cancel oil import orders as demand drops
ISLAMABAD: The Ministry of Energy (Petroleum Division) has directed all oil marketing companies and refineries to cancel their planned import of motor...
SBP announces relief package for borrowersÂ
KARACHI: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have announced a relief package, amid growing concerns about...
NDMA gets Rs5bn ‘emergency grant’ to fight coronavirus
'The amount shall be utilised to ensure the provision of different types of personal protection equipment against COVID-19'
Govt could miss privatisation target of PSEs, face Rs 150b deficit
ISLAMABAD: In the wake of the fast spreading coronavirus situation in the country and travel restrictions, the Prime Minister Imran Khan-led government...
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...
‘Govt working on local manufacturing of ventilators’
--Official says body on coronavirus will soon test drugs that are believed to be useful in curing the disease
--Says developers have been...
APTMA urges govt to defer gas, electricity bills during lockdown period
LAHORE:Â The All Pakistan Textile Mills Association (APTMA) on Wednesday urged the Sui Northern Gas Pipelines Limited (SNGPL), power distribution companies (DISCOs) and...
SBP relaxes import rules for medical supplies
KARACHI: The State Bank of Pakistan has relaxed import regulations on medical equipment in order to help the country fight the COVID-19...