KARACHI, July 30, 2020: The Pakistan’s Central Bank has said that successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak. The State Bank of Pakistan has released its Third Quarterly Report FY20 on…
Karachi, July 01, 2020: The pandemic has triggered the deepest global recession in decades. We have witnessed slowdown in Pakistan’s economy and downside risk to growth has increased. However, the fiscal and monetary authorities have responded with unprecedented economic policies including fiscal stimulus, monetary easing and debt moratorium. The recent reduction of Policy Rate to…
Karachi, June 29, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that The Pakistan Stock Exchange terrorist attack of June 29th 2020 is a direct and blatant attack on the heart of the economy. It is highly condemnable and at all levels, Employers Federation of Pakistan….
Karachi, June 15, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the federal budget 2020-21 lacks out-of-the-box solutions to jumpstart economy, cut down costs of manufacturers, create jobs and incentivize exporters amid reduction in business orders. In a Statement, he said that broader policies…
Karachi, June 12, 2020: Mian Anjum Nisar, President Federation of Pakistan Chambers of Commerce & Industry said that coronavirus (COVID-19) has severely affected the economy, businesses, industries and small traders. He was speaking in the seminar on post lockdown scenario of COVID-19 and effects of coronavirus pandemic on Pakistan’s economy via video link on zoom…