Sunday, May 9, 2021

PK-Economy

Pakistan: Deficit down by 2% YoY in 9MFY21

Pakistan’s fiscal balance in the current fiscal year to date has strengthened over prior year, with the deficit arriving at PKR 1.65trn in 9MFY21 (3.6% of GDP) compared to PKR 1.69trn in 9MFY20 (3.8% of GDP), down by 2%...

PYMA seeks extension for ST return filling deadline

Hanif Lakhany, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) & Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Farhan Ashrafi, Vice Chairman PYMA & convener FPCCI's Central Standing Committee on Yarn Trading, have asked the...

Faysal Bank signs agreement with Emaar Karachi to promote Home Financing

Faysal Bank Limited signed an agreement with the leading Dubai-based real estate development company, Emaar Karachi, to provide home financing to its customers for Emaar’s current projects in the country. Through this partnership,FaysalIslamiwill facilitate individual clients to avail the Shahriah...

SBP and Unilever join hands to promote renewable energy

Governor State Bank of Pakistan (SBP) Dr Reza Baqir has said that financing for sustainable development is the need of the hour and Financial Institutions have a crucial role in this area. He was addressing a webinar jointly hosted...

Pakistan government aims to buy all private fuel oil-fired power plants

The government of Pakistan is evaluating buying all of Pakistan’s private fuel oil-fired power plants, including Hub Power Co. (HUBCO), at a one-time cost that would help it save at least Rs300 billion on payments over the next seven...

IFN declares SBP as top central bank for promoting Islamic finance

State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia, on Wednesday. This is the second international...

Governor SBP steers third Stakeholders Meeting on Digital Financial Services

The State Bank of Pakistan (SBP) organized the third nationwide Stakeholders’ meeting on Digital Financial Services today chaired by Governor SBP, Dr. Reza Baqir. The goal of these meetings has been to accelerate the agenda on promoting digital financial...

Governor SBP Dr Reza Baqir appointed as Deputy Chairman IFSB

The Islamic Financial Services Board (IFSB) Council in its 37th meeting, held on 10th December 2020, appointed Governor State Bank of Pakistan, Dr. Reza Baqir, as the Deputy Chairman of the Council for the year 2021. IFSB Council is the...

Gerry’s dnata partners Virgin Atlantic Airways for Pakistan’s passenger, cargo operations

Gerry’s dnata, a joint venture of Ground Handling Services between dnata Dubai and Gerry’s Group Pakistan, on Thursday, announces its partnership with Virgin Atlantic Airways by becoming the airline’s preferred Ground Services Provider (GSP) for Lahore-London and Islamabad-London/Manchester flight...

Bolstering the economy during the COVID-19 pandemic

As the tally of Coronavirus cases in Pakistan crosses 80,000, the impacts of the pandemic are beginning to gain strength. Pakistan faces both a humanitarian and economic challenge with continuing lockdowns causing problems for individuals and organizations alike. The...

Latest News

United Nations urges fair distribution of Coronavirus vaccines

The President of the United Nations General Assembly Volkan Bozkir urged countries of the world to do better in...
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