Business

M Jahangir Hayat LAHORE: Directorate Customs Investigation and Intelligence Anti-Smuggling superintendent has been tested COVID-19 as positive and is admitted to 1000-bed quarantine at the Expo Centre Lahore. Lahore Customs I&I Superintendent Younis Qadri told Daily The Business that upon fever he applied for a leave on Thursday, however,…

By M Jahangir Hayat Pakistan needs to take tough economic decisions amid pandemic as it has lost over $6 billion in trade with China, US and EU alone during…

Asks for deferment of gas, electricity, other bills Says 70pc percent wages payment to employees is not an individual's demand Jahangir Hayat LAHORE:…

Our Special Correspondent LAHORE: Local markets and small & medium industries (SMEs) should be allowed to open for a specific time under strict SOPs enabling money to circulate in the economy saving millions of workers from getting jobless amid the COVID-19 lockdown. Friends of Economic & Business Reforms (FEBR) President…

Jahangir Hayat LAHORE: The Ministry of Commerce (MoC) has proposed opening of Industrial Units with confirmed exports orders under special SOPs amid the…

LAHORE: A Karachi based startup is among eleven businesses from around the world who are the successful applicants of Google’s Accelerator programme on…

By Our Special Correspondent LAHORE: Cement Industry has demanded of the newly-appointed Federal Board of Revenue (FBR) Chairperson Nausheen Javed Amjad to extend relief for claiming rebate against cement exports. The cement industry stakeholders through Friends of Economic and Business Reforms (FEBR), a trade and industry representative…

By Our Special Correspondent LAHORE: Customs authorities have finally come to know that their terminal operators have done away with the Federal Board of…

Jahangir Hayat LAHORE: The government has not announced any packages for the small scale industry and the packages announced are for the large scale.…

KARACHI: State Bank of Pakistan has taken a number of measures to support the economy, since the outbreak of COVID-19. One of the earliest measures taken by SBP was to support the hospitals, which have been at the fore front in combating the disease, by providing them a facility to meet their financial needs namely the SBP Refinance Facility to…

Makes Nausheen Javed Chairperson on permanent basis Jahangir Hayat LAHORE: The Federal government on Monday appointed Nausheen Javed as new Federal Board…

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…

Jahangir Hayat LAHORE: Friends of Economics and Business Reforms (FEBR) president Kashif Anwar has urged the government to take up the issue of demurrages and detention on priority basis to facilitate the business community in the wake of the time of worst type of the pandemic COVID_19 which have played havoc with the trade and industry…

By Our Staff Correspondent ISLAMABAD: Prime Minister Imran Khan on Friday said that the source of income of those investing in the construction sectors will…

Islamabad: Prime Minister Imran Khan on Thursday said the federal government will announce a relief package for the construction industry on Friday to maintain…

KARACHI: Given the worsening financial situation owing to the coronavirus-induced lockdown, some retailers and mid-level businessmen have asked their employees to limit personal expenditures as they may not be able to pay new month’s salary if the current situation persists. In a message to his employees, an owner of an electronic goods store…

Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and…

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…

By M Jahangir Hayat LAHORE: As many as Rs4,000 each would be distributed among 25 lakh families affected by the lockdown due to COVID-19 for which Rs10 billion have been allocated. The Punjab government has also decided to waive off provincial taxes of Rs18 billion. Punjab Chief Minister Sardar Usman Buzdar while giving a briefing to the media…

ISLAMABAD: The International Monetary Fund (IMF) Executive Board decided on Friday to allow all member countries with per capita income below the World Bank’s…

M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) Patoki MTO has stolen over Rs 70.5 million cash which was to be uploaded in a nearby Automated Teller…

Our Special Correspondent LAHORE: State Bank of Pakistan (SBP) in collaboration with Pakistan Banks Association (PBA) has announced a comprehensive relief package to tackle growing concerns about the potential economic impact of the COVID – 19 pandemic, . This package will help relevant stakeholders including households and businesses…

Our Special Correspondent Lahore: The State Bank of Pakistan (SBP) has allowed all federal and provincial government departments, hospitals in public and…

M jahangir Hayat LAHORE: The State Bank of Pakistan Monetory Policy Committee (MPC) has decided to cut the policy rate by a further 150 basis points to…

Our Special Correspondent LAHORE: SBP held a meeting with banks today,through link, to assess their readiness to SBP takes measures to ensure continuous availability of banking services amid COVID-19 situation SBP held a meeting with banks today,through video link, to assess their readiness to ensure uninterrupted supply of banking services…

Bank increases provision for NPLs to Rs 45.12 billion from Rs 43.53 billion in 2018 By M Jahangir Hayat LAHORE: The Bank of Punjab (BoP) mounting Non-…

Our Special Correspondent LAHORE : In light of the pandemic faced by the whole nation Punjab Industrial Estates Development & Management Company (PIEDMC)…

Our Special Correspondent LAHORE: To protect internal and external stakeholders, JS Bank has implemented a business continuity plan to fight the spread of Corona Virus. The Bank has implemented across the board communication of precautionary measures, distributed masks and sanitizers at locations nationwide, disinfected operating locations…

M Jahangir Hayat LAHORE: In the wake of the time when Habib Bank Limited (HBL) has announced to complete its US New York operation by March 31, 2020, losing…

Our Special Correspondent Lahore: With an aim to reshape Pakistan’s automobile industry, Regal Automobiles Industries Limited (RAIL), launched Pakistan’s…