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…
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…
Karachi, April 6, 2020: The Pakistan Stock Exchange (PSX) closed lower on the first trading day of the week. The market opened on a positive note this morning but came under the hammer nose diving 1,118 points to finally close at 30,579 levels, down 3.3 percent. Overall market remained bearish with low volumes and limited…
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…
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…