SITE President demands SBP, MoF to take emergency measures to avert national crises
KARACHI: President SITE Association of Industry Riazuddin criticised handling of present situation in country where forex crisis has almost halted business activities across all segments of business, notably for industries which pay almost half of na...
Gov SBP sees rise in forex reserves amid expected influx next week
KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad expressed hope that country’s foreign exchange reserves would increase after influx of dollars next week, saying process to open letters of credit (LCs) would be restored soon. Address...
WB delays approval of $1.1b loans for Pakistan: source
ISLAMABAD: World Bank (WB) delayed approval of two loans for Pakistan worth $1.1 billion until next fiscal year pending some steps on country's energy debt and tariffs, Finance Ministry source told Reuters. Approval of loans have been pending since J...
PSX signs agreement with Karandaaz for SMES on GEM Board
ISLAMABAD: Pakistan Stock Exchange (PSX) signed an agreement with Karandaaz whereby Technical Assistance (TA) grants would be given to prospective companies to be listed on Gem Enterprise Market (GEM) Board. Agreement was signed by MD and CEO PSX Far...
First Habib Metro Sirat Islamic Banking Summit held
Karachi: Habib Metro organised first HABIBMETRO Sirat Islamic banking summit attended by stakeholders including SBP, PSX and SECP officials as well as CEO’s and Shariah Board members of banks, Shariah scholars and businessmen. Summit was held i...
Concern over worst financial crisis for LCs, retirement of documents: PSMA Chief
Karachi: Chairman Pakistan Soap Manufacturers Association (PSMA) Syed Anwer Suhail Razvi expressed concern over worst financial crisis, with which entire economy of country in grip as Letters of Credit and retirement of documents is not being honoure...
Pakistan ‘held back’ by ‘very high levels of energy subsidies’: ILO
Karachi: International Labour Organisation (ILO) United Nations (UN) agency has said, “Very high levels of energy subsidies” in countries such as Pakistan are denting finances. In its report, ILO also classified Pakistan among lower-middl...
IT Ministry implements ‘one room, one light’ policy
ISLAMABAD: In line with energy conversation plan approved by Cabinet, Information Technology (IT) Ministry has implemented ‘one room, one light’ formula. A notification has been issued regarding implementation of the policy in IT Minist...
Centre helping Balochistan youth to acquire skilled based education under CPEC
ISLAMABAD: Government is providing better opportunities to youth of Balochistan especially that of Gwadar to acquire modern education and technical skills under China-Pakistan Economic Corridor (CPEC). In order to shape and enhance skills of active p...
Desire Properties, Home Solutions ink accord for ease of expats
Karachi: Desire Properties and Home Solutions London inked accord here. Accord aims establishing sales centres in London and America by Memon Group of Companies-construction Company. Desire Properties and Home Solutions want to provide more convenien...
