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 borrowers
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: 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...
Calls grow for govt to invoke force majeure in LNG deal with Qatar
ISLAMABAD: Amid slow demand for costly liquefied natural gas (LNG) deal due to lockdown in the country in the wake of fast...
PSX takes steps to function normally, implements work from home
KARACHI: In the midst of the coronavirus outbreak and the lockdown in Sindh, the Pakistan Stock Exchange took steps on Tuesday to...
GB to open border for Chinese medical supplies
Supplies include three ventilators, 200,000 face masks among other things
Are there any loopholes in Sindh govt’s efforts to safeguard employment?
On Monday, the Sindh government issued a decree by invoking Section 3(1) of Sindh Epidemic Diseases Act, 2014, whereby employers, private or...
SECP simplifies registration of life insurance products
ISLAMABAD: With an aim to promote ‘ease of doing business’ in the country, the Securities and Exchange Commission of Pakistan (SECP) on...
Govt announces Rs1.2tr financial package amid lockdowns
–Reduces petroleum prices by Rs15, announces tax funds for industries, slashes interest rate, allocates Rs200bn for labourers
–PM Imran says complete lockdown will...
SBP cuts key interest rate by 150bps to 11pc
KARACHI: The State Bank of Pakistan (SBP) has decided to cut the country’s policy rate from 12.5pc to 11pc in an emergency...