| 2020 | January | 22

  • IMF ready to support poor countries for debt relief in face of coronavirus

    International Monetary Fund (IMF) has expressed willingness to support poor countries for debt relief in the face of coronavirus pandemic. IMF spokesman Gerry Rice told a regular news briefing in Washington that more than half of the 73 poor countries are eligible for the program prompted by the pandemic and so far twenty countries have…

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  • How Vceela is Responding to Covid-19

    The coronavirus has wreaked havoc all over the world and is causing large-scale loss of life and economic mayhem. The economic impact could be even worse than that of the Great Depression. The IMF expects the global GDP to fall by 3% in 2020. The WTO has warned that the volume of trade could shrink…

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  • NBP & BoP Record a Drop in Profitability During in Q1 2020

    National Bank of Pakistan (NBP) and Bank of Punjab (BoP), the two public sector banks, could not sustain growth in profitability which declined during the first quarter of 2020. The profit of the banks was down due to the provisioning of loans in the economic slowdown in the prevailing situation. National Bank of Pakistan NBP…

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  • Pakistan’s Current Account Deficit Shrinks by 70% in 10 Months

    The current account deficit has contracted significantly by over 70 percent in the first ten months of the current financial year. According to the State Bank of Pakistan (SBP), the current account deficit decreased to $3.343 billion during the period of July to April FY20 as compared to $11.449 billion recorded in the similar period…

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Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

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