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  • Pakistan’s Liquid Foreign Reserves Surge to $18.7 Billion

    General

     |  Jul 10, 2020

    Pakistan’s liquid foreign exchange reserves surged to $18.7 billion in the week ending on July 03. According to details, foreign reserves held by the State Bank of Pakistan stood at $12.041 billion. Net foreign reserves held by commercial banks stood at $6.748.5 billion. During the outgoing week, SBP reserves increased by $811 million to $12.041…

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  • Pakistan & Afghanistan Private Sector Representatives to Boost Trade Through US AID

    General

     |  Jul 10, 2020

    Private sector representatives from Pakistan and Afghanistan met to boost prosperity and create jobs in both countries. The participants in this U.S. government-facilitated event addressed a range of trade issues between the two countries that have held back the growth of the cross-border economy. The “Pakistan-Afghanistan Bilateral Trade – Private Sector Perspectives, Strategy and Recommendations”…

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  • SBP Extends Operation Timings for Banks

    General

     |  Jul 10, 2020

    State Bank of Pakistan (SBP) has extended bank branch timings from 9 am to 5.30 pm for commercial and microfinance banks, effective from July 13. According to the notification, banks will ensure the banking timing from Monday to Thursday with a break between 1.30 pm to 2 pm. On Friday, the branches will take a…

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  • Serving people, solving their problems Govt’s top priority: Mian Aslam

    General

     |  Jul 10, 2020

    Punjab Minister for Industries and Commerce Mian Aslam Iqbal visited his camp office in Lahore and listened to people’s problems and issued on the spot orders for the solution of their problems. Speaking on this occasion, he said that serving the people and solving their problems is the top most priority of the government and…

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  • IMF predicts recovery in Pakistan’s economy during 2021

    General

     |  Jul 10, 2020

    International Monetary Fund (IMF) has predicted recovery in Pakistan’s economy during financial year 2021. In a report titled “Policy Actions Taken by Countries,” IMF said a gradual recovery is expected in Pakistan’s economy in Fiscal Year 2021 as the economy reopens. The report highlighted the measures taken by the present government to contain spread of…

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  • SBP Reduces Refinance Scheme Markup Rate to 5% for Promoting Investment

    Industry

     |  Jul 9, 2020

    To extend the benefits of a reduction in the policy rate to people using its refinance schemes, State Bank of Pakistan (SBP) has decided to align the end-user markup rates on two of its refinance schemes for promoting investment in the country. SBP has curtailed the end-user markup rates on Temporary Economic Refinance Facility (TERF)…

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