Karachi, May 08, 2020: The State Bank of Pakistan (SBP) has opened up it subsidized Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR) and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in the context of COVID-19’s impact on the economy, to support investment…
United Nations, April 20, 2020: The World Health Organization (WHO) chief has underscored the need for easing lockdowns against coronavirus under a “phased process” at a virtual meeting of the leading G20 global economies. Tedros Adhanom Ghebreyesus, the WHO director general, reiterated the UN’s appreciation for committing to further strengthen the agency’s mandate in coordinating…
Karachi, April 13, 2020: The Chairman Pakistan Soap Manufacturers Association (PSMA) Zafar Mehmood said that Soaps and hand sanitizers are the only products that have been found effective for protection against the spread of coronavirus. Owing to rapid spread of Covid19, the global demand of general consumer goods has decreased substantially. Resultantly, Pakistan’s exports are…
Sindh Government imposed lockdown on March 23rd 2020 for two weeks and then further extended the restrictions till April 14th 2020. Three weeks province vide lockdown may not be eased off after April 14th as leading Doctors and Chinese Medial Experts have urged the Provincial Government to extend the restrictions noted Ateeq Ur Rehman (Economic…
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…