Islamabad, June 9, 2020: Pakistan is looking for its brotherly countries to defer payment against loans of nearly $7.7 billion in the challenging economic times of COVID-19. In an interview Dr Hafeez Shaikh, Advisor to PM on Finance said, “We are in talks with our development partners to move these deposits towards longer tenors.” Loans…
Karachi, May 19, 2020: The tobacco industry is causing an economic burden of Rs192 billion per year, whereas tobacco use causes over 166,000 deaths annually in Pakistan and increases the financial and health burdens of the users. In an online press briefing session, Azhar Saleem, Human Development Foundation (HDF) chief executive officer, said on Friday…
Karachi, March 20, 2020: SBP has a strategic objective to support exports for sustained improvement in Pakistan’s balance of payments and growth. To this end SBP provides refinance to banks to provide cheap credit at interest rates that vary between 3 to 6 percent to exporters for working capital and new projects under Export Finance…
Karachi, October 27, 2019: Pakistan Telecommunication Authority (PTA) may ask cellular operators to discontinue SMS bundles and packages due to its misuse for spamming and marketing of products and services causing inconvenience to a large segment of customers. The end of bundle packages may also hurt customers getting a cheap service of communication but the…
Karachi, August 17, 2019: In order to facilitate the customers due to rain and Eid holidays K-Electric has extended the deadline for payments of electricity bills. This extension is applicable on bills with due dates falling between 19th August to 22nd August, both days included. These bills can now be paid latest by the new…