Business
PICT goes digital with Standard Chartered at a time of crisis
Karachi, April 06, 2020: Standard Chartered Pakistan has collaborated with Pakistan International Container Terminal (PICT), to provide them an efficient Virtual accounts solution that has enabled them to continue their collection services in these times of social distancing and lockdown. The solution addresses PICT’s requirement for a proficient and reliable mechanism, that enables them to…
SBP warned of fraud calls to collect personal information
Islamabad, April 6, 2020: The State Bank of Pakistan (SBP) has taken additional measures to facilitate bank customers that are faced with extraordinary challenges arising out of COVID-19 situation in the country. Now banks’ customers can approach SBP through its helpline service in case their queries or complaints. SBP has also taken notice of phone calls to banks’ customers by fraudsters seeking personal…
SBP eases Refinance Facility for Combating COVID-19 for hospitals
Karachi, April 6, 2020: SBP provides more flexibility to hospitals and medical centres under its Refinance Facility for Combating COVID-19 Since the outbreak of COVID-19, State Bank of Pakistan has taken a number of measures to support the economy. One of the earliest measures taken by SBP was to support the hospitals, which have been…
Measures to stimulate economy generate highest weekly return
Karachi, April 04, 2020: Following a 3-week rout of the KSE-100 Index, the bourse finally rebounded this week with a 12.5 percent return WoW – highest ever weekly return. Optimism in the bourse was sourced from the federal government announcing a series of measures to mitigate risks to the economy from the COVID-19. Banks and…
Textile sector louds Govt relief measures
Karachi, April 04, 2020: The Textile Manufacturers & Exporters Associations laud the relief provided by the Government under State Bank of Pakistan Refinance Scheme to dampen the effects of COVID-19 which will help and benefit the industries who are availing such refinancing in terms of the continued liquidity and flexible credit borrowing. Downward revision of…