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Tahir Amin

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Private lending to SMEs not encouraging, observes NA panel

The National Assembly Standing Committee on Finance, while expressing serious concern over a rate of around seven percent of private-sector credit for the Small and Medium Enterprises (SMEs) in Pakistan recommended to the State Bank of Pakistan (SBP) to t
Published 28 Feb, 2020 12:00am
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Inclusion on 'grey list' credit negative for banks: Moody's

Pakistan's continued presence on list of jurisdictions (grey list) under increased monitoring is credit negative for its banks, as it raises questions about potential additional restrictions relating to banks' foreign-currency clearing services, as well a
Published 28 Feb, 2020 12:00am
Pakistan

NA body for imposing ban on cotton import

The National Assembly Standing Committee on National Food Security and Research (MNFSR) on Thursday recommended imposing ban on cotton import in order to protect and safeguard the interest of the local farmers. The committee met with Muhammad Ajmal Khan i
Published 28 Feb, 2020 12:00am
Pakistan

PCA marks International Mother Language Day

The Pakhtun Cultural Association (PCA) organised a literary reference and a musical evening in connection with the International Mother Language Day "Da Rangoono Makham" (colourful evening), here on Wednesday.
Published 27 Feb, 2020 12:00am
Business

'SBP to incentivise global payment gateways'

The State Bank of Pakistan (SBP) will incentivise international payment gateways to promote information technology sector exports, freelancing, and the digital economy. "The SBP is already offering incentives, while more are in the pipeline to facilitate
Published 26 Feb, 2020 12:00am
Business

IT, ITeS export remittances surge to $550.5 million in 6 months

Pakistan's information technology (IT) and IT enabled Services (ITeS) export remittances have surged to $550.503 million at a growth rate of 24.71 percent during the first six months of the fiscal year 2019-2020 (July-December), compared to $441.435 milli
Published 25 Feb, 2020 12:00am
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Pakistan undergoing dual scrutiny at FATF platform: Azhar

Minister for Economic Affairs Hammad Azhar has said that Pakistan is undergoing dual scrutiny at the Financial Action Task Force (FATF) platform, besides overwhelming majority of countries have positively acknowledged the significant progress made by Paki
Updated 23 Feb, 2020 05:02am
Business

NHA's daily revenue increases by Rs 59.5 million: minister

"The revenue of the National Highways Authority (NHA) has increased by Rs 59.5 million per day and the authority would be made financially self reliant through generating more financial resources." This was stated by Federal Minister for Communications an
Published 22 Feb, 2020 12:00am
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WB official sees 7 percent growth in 2025-30

Pakistan can grow at a faster rate only by doubling the investment rate, especially in the private sector, and through sustained structural reforms, said World Bank (WB) Country Director to Pakistan Illango Patchamuthu.
Published 21 Feb, 2020 12:00am
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Roadshow held: M-6 offered for foreign investment

The government Tuesday offered "Sukkur-Hyderabad Motorway (M-6), a critical component of the China-Pakistan Economic Corridor (CPEC), for foreign investment in a roadshow, which would be completed with an estimated cost of over Rs204 billion.
Published 19 Feb, 2020 12:00am
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World Bank identifies challenges to job growth

Owing to the economy's frequent boom and bust cycles, transitions out of agriculture into industry and services in Pakistan have been slow, and the growth of productivity within sectors has been negligible, says the World Bank.
Published 14 Feb, 2020 12:00am