Pakistani Market today: Rupee up but stock market is down
The stock market endured a battering on Monday as the KSE-100 index nose-dived over 1,000 points on the back of soaring Covid-19 cases across...
Pakistan to cut port charges to facilitate trade
“The port charges come somewhere between $50,000 to $100,000 per ship depending upon the size of the ship and the number of days it...
Moody’s terms growth in Pakistan’s Islamic banking as credit positive
“The growth is credit positive for Pakistani banks because it attracts customers from the previously unbanked population, which creates new business opportunities and boosts...
PM Khan directs SBP and NBP to relax housing loan conditions
“I instruct Governor State Bank (SBP) Reza Baqir and President National Bank (NBP) Arif Usmani… that banks provide ease to the house loan seekers,”...
SBP announces major changes in low-cost housing scheme
The government has revised its markup subsidy scheme of housing finance significantly to align with the prevailing housing market dynamics in its effort to...
World Bank grants $600 million for expansion of Ehsaas Program
“Amidst the COVID-19 pandemic, millions of families across Pakistan face economic hardship, particularly those working in the informal sector, who have no savings or...
Work on Diamer-Bhasha Dam progressing despite pandemic
Water and Power Development Authority (Wapda) Chairman Muzammil Hussain visited the Diamer-Bhasha and Dasu Hydropower Project sites to review their progress. During his visit...
India discloses information about two power projects
Top officials from India and Pakistan on Wednesday concluded a meeting held to discuss two long-contested Indian dam projects on the Chenab River. During...
New automobile companies to boost sales for the tyre industry
At a corporate briefing on Wednesday, officials of The General Tyre and Rubber Company of Pakistan said that after being plagued by smuggling since...
Govt to withdraw corporate tax exemptions to comply with IMF’s conditions
According to an FBR official, an ordinance to implement the withdrawal of corporate tax exemptions and rationalize taxes to meet the conditionality of the...
IMF to release $500 million for Pakistan
IMF Executive Board has completed delayed reviews of Pakistan's $6 billion loan program and has decided to release $500 million disbursement to Pakistan for...
Railways Minister sets annual earning target of Rs30 billion
Addressing a press conference on Tuesday, Railways Minister Mr Azam Swati said he had assigned the Pakistan Railways (PR) an annual earning target of...