Business

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…

 Our Special Correspondent LAHORE: The Federal Board of Revenue (FBR), has released the information about the number of Point of Sales integrated with the FBR System. According to the released information, so far 5,783 POSs of 286 retailers have been integrated with FBR and the sales tax invoices issued by these POSs are being reported to…

With industrial sector under stress, demand for imported raw-material is expected to stay low M Jahangir Hayat LAHORE: In view of major developments in the…

By Our  Staff Reporter LAHORE: Grade 21 Officer Captain (R) Javed Akbar is said to be the Senior Member Board of Revenue. Javed Akbar is…

Failure in implementation of policies caused economic downturn; immense opportunities are untapped for women in business especially fashion, cosmetics and clothing By M Jahangir Hayat Pakistan needs to promote chemical industry as it is the mother industry of the industrial sector which needs to be re-organised and re-accessed. Making policies…

M Jahangir Hayat LAHORE: A fundamental change will be there to see on the World Customs Day this Sunday as the Federal Board of Revenue (FBR) has ordered…

M Jahangir Hayat LAHORE: Summit Bank Limited (SMBL) has sought its removal of placement from the defaulter's segment in Pakistan Stocks Exchange (PSX). The…

Will he be able to pass the F&T of SBP? M Jahangir Hayat LAHORE: The Punjab government has announced appointment of Atif Bajwa as the president of the Bank of Punjab, Daily The Business has learnt. The Punjab government in its 23rd provincial cabinet discussed 19-point agenda on Tuesday (today). The appointment of president of the…

M Jahangir Hayat The Calendar Year 2019 has proved the toughest year for the economy of the country as all section of the society remained complaining about…

Amendments related to purchases in business income tax returns be implemented at earliest, FBR chief urged. Our Special Correspondent LAHORE: The…