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Viable payment mechanism to IPPs will save Rs. 836 billion

Islamabad: February 08, 2021:Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Energy Omar Ayub Khan, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain,…

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Ministry of Finance and SBP introduce a mechanism to avail SBP’s Refinance Facility

Karachi, May 06, 2020: Ministry of Finance and State Bank of Pakistan introduce risk-sharing mechanism to support bank lending to SMEs and small businesses to avail SBP’s Refinance Facility to Support Employment. Taking cognizance of the SMEs finding difficulties in arranging adequate collateral and banks’ risk averseness in taking exposures for such lending under the…

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PAJCCI demands economic relief mechanism for transit and trade with Afghanistan: Zubair Motiwala

Karachi, April 26, 2020: To facilitate movement of cargo trucks and containers to cross over into Afghanistan through Torkham and Chaman border while keeping Afghanistan Government’s special request, the Government of Pakistan has devised several mechanisms. The border has been kept operational for three days in a week with appropriately developed quarantine measures, which was…

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