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BUSINESS
ADB provides Pakistan $ 300 million emergency fund for fighting COVID-19
ISLAMABD: The Asian Development Bank (ADB) will provide $300 million loan to Pakistan to help strengthen its public health response system to cope with the situation out of COVID-19 pandemic and help fulfill basic needs of vulnerable and…
President underscores importance of E-commerce for economic boost
ISLAMABAD:President Dr. Arif Alvi Monday said promotion of E-commerce was highly essential for strengthening economy of the country as it provided access to distant markets, reduce cost of doing business and create employment opportunities.…
UBG opposes shifting of FPCCI headoffice to Islamabad
ISLAMABAD: An hextraordinary meeting of United Businessmen Group (UBG) core committee on Saturday unanimously opposed shifting of Federation of Pakjstan Chambers of Commerce and Industry (FPCCI ) headoffice from Karachi to Islamabad and…
Motorbike, three wheeler sales fall by 23.11 percent in 2019-20
ISLAMABAD, Jul 14 (APP):The sale of motorbikes and three wheelers witnessed decrease of 23.11 percent during the fiscal year 2019-20 as compared to the corresponding period of last year.
During the period under review, as many as 1,370,005…
PEC undermines government efforts for attracting foreign investment
Islamabad: Pakistan Engineering Council (PEC) registration policy 2017, has turned into a stumbling block in pouring in foreign investment into Pakistan. The poor competition among interested parties for bigger projects witnessed in the…
Millions of dollars belonging to Pakistani freelancers stuck indefinitely amid Wirecard fraud
LAHORE/KARACHI:Thousands of Payoneer users in Pakistan are expected to lose access to money in their prepaid cards with the company owing to the fallout from a devastating scandal that hit German fintech firm Wirecard AG.
Payoneer is a…
Balochistan passes Rs451bn budget for 2020-21
QUETTA: The Balochistan Assembly, for the fiscal year 2020-21, passed a budget of over Rs451 billion on Saturday.
The provincial government, amid the coronavirus pandemic, has allocated Rs38 billion for the health sector.
The assembly…
Coronavirus has sparked an economic ‘crisis like no other’: IMF
The International Monetary Fund (IMF) on Wednesday said the coronavirus pandemic has sparked an economic “crisis like no other,” sending the world GDP plunging 4.9% this year and wiping out $12 trillion over two years.
Worldwide business…
Unilever Pakistan to rebrand Fair & Lovely
KARACHI: In a bid to become more inclusive, Unilever Pakistan announced on Thursday that it will be rebranding its flagship brand Fair & Lovely, reported The News.
To make the brand more inclusive, the company would stop using the…
SBP slashes policy rate 100 basis points to 7%
KARACHI: The State Bank of Pakistan (SBP) has slashed the policy rate once again by another 100 basis points to bring it to 7%, it announced in a statement on Twitter, following a meeting of the Monetary Policy Committee under Governor Dr…
