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BUSINESS
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…
