Karachi, July 30, 2020: The COVID-19 pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering US$9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments due to the way they account for this. In a…
Delayed petrol imports shaped crisis, Govt lost billions in revenue Masses deprived of the benefit of reduced petroleum prices New pricing formula needed in the changed scenario: Ghiyas Paracha Karachi, June 02, 2020: The All Pakistan Petroleum Retailers Association has demanded a detailed probe into nationwide fuel shortage and asked the authorities to fix the…
Karachi, April 21, 2020: As the government enforces measures to contain the spread of Corona Virus in Pakistan, Khushhali Microfinance Bank is playing its part to contribute to these efforts and taking steps to ensure the safety of its customers and employees amid the pandemic. With all branches of the bank open with updated timing…
US running out of places to store oil Islamabad, April 21, 2020:In a bizarre movement in the oil market, the oil prices turns Into negative territory on Monday. The price of a barrel of oil went negative due to lower demand and uncertainty in the oil market. The Future contract for the month of May…
PCDMA seeks loans for 1 year to overcome liquidity crunch: Amin Yousuf Balgamwala Karachi, April 03, 2020: Amin Yusuf Balgamwala, chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director, Karachi Stock Exchange, has said that commercial importers are facing a severe financial crisis due to lockdown and the closure of trade and industry….