Daily The Business
Browsing Category

Business

Business

Rs 2240bn Punjab Budget 2020-21 presented

Jahangir Hayat LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht has presented the budget 2020-21 in the Punjab Assembly with a total outlay of Rs2240 billion on Monday. The provincial government has proposed to allocate Rs8.73 billion for the forest department. Furthermore, Rs13.30 billion has been allocated for the livestock…
Read More...

SBP asked to announce policy for industrial importers

Our Special Correspondent LAHORE: The Friends of Economic and Business Reforms has appealed the central bank to formulate some financial policy for commercial and industrial importers like its various schemes already announced to facilitate SMEs, retail, corporate businesses, workers of business concerns and export sector. In an open letter…
Read More...

Wondertree, a startup from Pakistan selected for Google

LAHORE: A Karachi based startup is among eleven businesses from around the world who are the successful applicants of Google’s Accelerator programme on Sustainable Development Goals. These startups address a wide range of social and environmental challenges, and are working toward at least one of the 17 Sustainable Development Goals outlined by…
Read More...

Essential industry to be opened in phases: Firdous

LAHORE: Special Assistant to Prime Minister (SAPM) Dr. Firdous Ashiq Awan said on Saturday the government would open the essential industry  in phases to ensure that food-supply chain was not affected in the country. “The government was in consultation with the industry to chalk-out Standard  Operating Procedures (SoPs) regarding health and…
Read More...

MCB Bank’s NPLs soar to record Rs49.42b in 2019

Reduces lending to Rs 540.04b from Rs 546.80 in 2018 By M Jahangir Hayat LAHORE: MCB Bank’s Non-Performing Loans (NPLs) have touched to a record high of Rs49.42 billion in 2019 from Rs 20. 37 billion in 2015, registering a growth of 142 percent in five years increasing the infection ratio, MCB Annual Report 2019 indicated. As per the report…
Read More...