PM Imran launches Ehsaas Emergency Cash Information Portal
ISLAMABAD: Prime Minister Imran Khan on Wednesday launched Ehsaas Emergency Cash Information Portal, making public the details of disbursements.
While chairing a meeting, the...
State bank, govt working together to shield economy: Reza Baqir
State Bank of Pakistan (SBP) Governor Reza Baqir said the central bank and the federal government had been working together to shield...
WB says remittance flows expected to plummet more than $100bn
Remittance flows around the world are set to fall more than $100 billion this year, depleting a vital source of financing for...
Banks advised to suspend dividends for March and June quarters
SBP says banks that have already declared March dividend should suspend for June and September quarters
SBP receives $1.4bn emergency fund from IMF
KARACHI: The State Bank of Pakistan (SBP) has received $1.39 billion from the International Monetary Fund (IMF).
“SBP has received $1.39bn under Rapid...
CCP to prepare rules for online businesses
ISLAMABAD: Keeping in view the rapid growth of digital businesses and to address issues pertaining to competition, data protection and transparency in...
Govt likely to miss annual wheat procurement target
ISLAMABAD: The federal government is unlikely to meet the wheat procurement target of the current year.
Sources said the government has set wheat...
Covid-19: KP govt appoints six secretaries to implement SOPs in factories
PESHAWAR: The administrative secretaries of six Khyber Pakhtunkhawa departments have been empowered to get standard operating procedures (SOPs) implemented after the provincial...
SBP raises Rs435.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs435.5 billion through T-bills, against the auction target of...
MCB profit rises 33pc to Rs6.6bn in Q12020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Wednesday to review the bank’s performance and announce its financial...
SC issues notice to NBP in promotion case of 2,000 employees
ISLAMABAD: The Supreme Court on Wednesday issued notice to the National Bank of Pakistan (NBP) in a case regarding promotion of 2,000...
Bestway Group donates Rs600m to help Pakistan fight coronavirus
Pakistan's leading foreign investor Bestway Group has announced it has provided financial and material support to the people of Pakistan amounting to...
Baker Hughes posts $10bn loss as oil sector demand tanks
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion (8.09 billion pounds) first-quarter loss and revenue fell more than expected...
ECC approves release of Rs75bn for labourers under PM’s relief package
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved the release of Rs75 billion out of Rs200 billion from the...
COVID-19: KCCI wants policy rate reduced to 4pc
KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Agha Shahab Ahmed Khan has urged the State Bank of Pakistan (SBP) to bring...