MCB Bank donates protective equipment worth Rs10m to Punjab govt
MCB Bank has donated Personal Protection Equipment (PPE) worth Rs10 million to the Punjab government’s Specialized Healthcare & Medical Education (SH&ME) Department...
Over 1 million textile workers set to lose jobs amid Covid-19 fallout
LAHORE: More than 1 million textile workers are set to lose jobs in Pakistan because of declining global orders amid the coronavirus crisis,...
Wear a mask or pay up to Rs100,000 donation, Meezan Bank tells employees
KARACHI: In order to have employees take the threat of COVID-19 seriously, Meezan Bank has taken an unusually harsh but maybe a...
After $1.4b approval, IMF puts on hold $6b EFF programme
ISLAMABAD: In the wake of coronavirus pandemic and disbursement of $1.386 billion under the Rapid Financing Instrument (RFI) to help Pakistan address...
US to provide over $8m for combating coronavirus in Pakistan
The United States has announced to provide over eight million dollars to Pakistan in combating the coronavirus pandemic.
In a video message released...
Chinese company ships 500 tonnes of hybrid rice seeds to Pakistani customers
BEIJING: A total of 500 tonnes of hybrid rice seeds from a seed company in east China’s Jiangsu province have been transported...
Govt to take strict action against those involved in smuggling, hoarding
Prime Minister Imran Khan has reiterated the government's resolve to take strict action against those involved in smuggling, hoarding and illegal profiteering...
SBP reduces special cash reserve requirement to 10%
KARACHI: The State Bank of Pakistan (SBP) reduced the Special Cash Reserve Requirement from the current 15 percent to 10 percent of...
SBP has given one-year reprieve on loan repayments, court told
ISLAMABAD: The Islamabad High Court (IHC) on Friday adjourned hearing on a citizen’s petition seeking to stop a local bank from harassing him...
Imran seeks spy agencies’ help to curb smuggling
ISLAMABAD: Prime Minister Imran Khan on Friday issued directives for identifying elements involved in profiteering, smuggling, and hoarding of goods so they...
Poor circular debt handling cost exchequer Rs4,082bn over 13 years
ISLAMABAD: A committee formed to probe the losses in the power sector has alleged that the governments’ failures to contain the circular debt...
IMF cuts FBR’s target by Rs895bn
ISLAMABAD: The International Monetary Fund (IMF) has revised the Federal Board of Revenue’s (FBR) target to Rs3,908 billion from Rs48,03 billion, showing a...
Pressure mounts on Imran ahead of sugar, wheat reports
ISLAMABAD: Multiple pressures are building over Prime Minister Imran Khan as the forensic audit report of the Federal Investigation Agency (FIA) probe report...
Subsidy on essential goods will continue even after Ramzan, says minister
ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Friday said that subsidies on essential items will continue even after the month...
Pakistan’s 70pc labour force ‘working without formal paperwork’: report
KARACHI: As many as 70.3pc of the country's labour force "works without any written contract or agreement", according to a research report titled...