Economy
State Bank of Pakistan makes a drastic cut in the interest rates over coronavirus crisis
25 Mar, 2020
ISLAMABAD - The State Bank of Pakistan on Tuesday announced yet another cut in the interest rate, this time slashing it by 1.5% to 11%, saying there was "considerable uncertainty" over the impact of the coronavirus pandemic. In a press release, it said the move — almost a week after the policy ...
Federal government announced huge relief package in major efforts to address coronavirus crisis
25 Mar, 2020
ISLAMABAD - The Finance Ministry Tuesday announced the details of the multi-sectoral relief package approved by Prime Minister Imran Khan in a major effort to address the crisis resultant of Covid-19. The package is aimed at providing quick relief to all those who have been affected by the ...
Federal government makes a drastic cut in the prices of the petroleum products across the country
25 Mar, 2020
*ISLAMABAD –**Federal government makes a drastic cut in the prices of the petroleum products across the country.* *The federal government reduced the prices of petroleum products by Rs15 per litre on Tuesday.* After the decrease in the prices, petrol will be available at Rs96.60 per litre. ...
Federal government unveils huge rescue cum economic stimulus package over coronavirus emergency
23 Mar, 2020
*ISLAMABAD: *The federal government, as part of its rescue-cum-economic stimulus package, would soon announce an income support programme as well as relief in energy prices for both domestic consumers and big businesses. “The multi-pronged package will be applicable across the country ...
PM Imran Khan makes important announcement regarding 70 lakh daily wagers across the country
23 Mar, 2020
*ISLAMABAD – **PM Imran Khan makes important announcement regarding 70 lakh daily wagers across the country.* *Prime Minister Imran Khan has approved an amount of Rs3,000 per month for seven million daily wagers across the country.* During a meeting of the economic team on Monday, the prime ...
Indus Motors Company launches a new Toyota Corolla variant in Pakistan
21 Mar, 2020
ISLAMABAD - Indus Motors Company launches a new Toyota Corolla variant in Pakistan. The launch for Toyota Yaris 2020, customers will still be able to get one soon. Bookings for Toyota Yaris 2020 have officially started across Toyota dealerships in Pakistan. Cars will be delivered to customers ...
Pakistani PM Imran Khan unveils special economic package to deal with the coronavirus outbreak in the country
21 Mar, 2020
ISLAMABAD - Prime Minister Imran Khan Friday said the government was working on an economic package, including special incentives for the construction sector, to be announced on March 24, to protect the people, industry and the country’s economy from the negative effects of novel coronavirus ...
Pakistan government released huge finds for CPEC under the PSDP 2019 - 20
21 Mar, 2020
ISLAMABAD - The government has so far released development funds of over Rs 12.13 billion for various development projects of China Pakistan Economic Corridor (CPEC) under its Public Sector Development Programme (PSDP) 2019-20. According to latest data issued by the ministry of Planning on ...
After hitting a year's low, Pakistan Stock Exchange makes a strong come back
19 Mar, 2020
ISLAMABAD - After hitting a year's low, Pakistan Stock Exchange makes a strong come back. After touching 52 weeks low during the intra-day, the stock market saw a movement of almost 2,063 points in a single day. The market entered the green zone for some time hitting a intraday high of 99 ...
Pakistan Foreign Exchange reserves register decline, reports SBP
19 Mar, 2020
KARACHI: Pakistan Foreign Exchange reserves register decline, reports State Bank of Pakistan. Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $110 million to $12,679.6 million during the week ending March 13, 2020, according to data released by the central bank on ...
