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Rizwan Bhatti

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FDI grows 127 percent in 10 months

Despite Covid-19 pandemic, Foreign Direct Investment (FDI) continued its rising trend in Pakistan and posted a healthy growth of 127 percent during the first ten months of current fiscal year (FY20). The State Bank of Pakistan (SBP) revealed on Monday tha
Published 19 May, 2020 12:02am
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Policy rate cut to 8pc on positive inflation outlook

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday reduced the policy rate by 100 basis points (bps) to 8 percent on positive inflation outlook, the fourth time it has cut rates since the coronavirus pandemic hit two months ago.
Published 16 May, 2020 12:07am
Pakistan

Ship breaking industry seeks tax relief

The ship breaking industry is seeking tax relief from the federal and provincial governments to avoid complete collapse at a time when a number of industries are already passing through tough phase due to the coronavirus pandemic.
Published 16 May, 2020 12:07am
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External debt, liabilities reach $110bn by Q3-end

Pakistan's external debt and liabilities continued to grow and surged to $110 billion at the end of the third quarter of (July-March) of this fiscal year (FY20), mainly due to fresh borrowing from multilateral and bilateral sources on account of public de
Published 13 May, 2020 12:07am
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Salary refinance scheme: SBP enhances limit up to Rs 1 billion

In order to facilitate the industry to prevent layoff of employees under current Covid-19 Pandemic, the State Bank of Pakistan (SBP) has enhanced the maximum financing limit by 100 percent to Rs 1 billion under the Refinance Scheme to Support Employment a
Published 12 May, 2020 12:06am
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SBP expands scope of facility for industry

The State Bank of Pakistan (SBP) has allowed financing for Balancing, Modernization and Replacement (BMR) and expansion of existing projects under its Temporary Economic Relief Facility (TERF).
Published 09 May, 2020 12:06am
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Banks to use post-'quarantine' cash

The State Bank of Pakistan (SBP) on Monday allowed the banks for use of quarantined cash, which have completed quarantine period of fourteen (14) days.
Published 05 May, 2020 12:06am
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SBP increases financing limit by 150 percent under RFCC

In order to facilitate the health sector in its fight against COVID-19, the State Bank of Pakistan (SBP) has enhanced financing limit by 150 percent for a single hospital or medical center under the Refinance Facility for Combating COVID-19.
Published 02 May, 2020 12:08am