Karachi, April 16, 2020: Patron in Chief SM Muneer and President of Korangi Association of Trade & Industry(KATI) Sheikh Umer Rehan has welcomed the decisions of Federal and Sindh government regarding resumption of Industrial and business activities during extended lockdown due to preemptive measures for Covid-19 pandemic. SM Muneer said that we fully support the…
EFP lauds SBP Refinance Scheme for Payment of Wages and Salaries Karachi, April 15, 2020: Governor State Bank of Pakistan Reza Baqir has said that SBP is constantly working with stakeholders and taking appropriate measures to bring financial relief and provide pragmatic support to the industries in order to maintain financial solvency and retention of…
Karachi, April 14, 2020: The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased,…
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 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…