The hotels, restaurants and ‘Nanbais’ have been allowed to remain open from 8: 00 am to 5:00 pm in Karachi. According to a notification issued by Commissioner Karachi, the restaurants will be only be allowed to give take away service dinning will not be allowed. Moreover, every worker shall be examined before entering into the مزید پڑھیں

The State Bank of Pakistan, at its emergency meeting today, has decided to cut the policy rate by a further 200 basis points to 9 percent. According the statement issued by the central bank, the decision has been taken in light of this reduction in growth and inflation expectations in the country. The Monetary Policy مزید پڑھیں

International Monetary Fund has approved 1.386 billion dollars disbursement to Pakistan under the Rapid Financing Instrument to address the economic impact of COVID-19 Pandemic. In a statement, IMF said with the near-term outlook deteriorating sharply, Pakistan swiftly put in place measures to contain the impact of the shock and support economic activity. It said crucially, مزید پڑھیں

Foreign Minister Shah Mehmood Qureshi on Thursday confirmed that the International Monetary Fund (IMF) has decided to give a one-year relief to Islamabad as the country grappled with coronavirus pandemic. “Developing nations have been hit the hardest with the pandemic,” Qureshi said. The foreign minister’s remarks follow the announcement of the G20 nations on Wednesday مزید پڑھیں

Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output. US benchmark West Texas Intermediate made small gains in Asian afternoon trade to $20.05 per barrel at one point. It had slipped below the $20 mark مزید پڑھیں

U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades. The Commerce Department on Wednesday said retail sales plunged 8.7% in March, the biggest decline since مزید پڑھیں

The government on Thursday announced a Ramazan package worth Rs2.5 billion to provide essential commodities to the public at reduced rates through the Utility Stores Corporation of Pakistan (USC) during the holy month. Speaking during a news conference via, Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan said 19 مزید پڑھیں

The International Monetary Fund (IMF) to provide $1.4 billion to Pakistan next week, to get some budgetary support in the wake of the economic slowdown due to the coronavirus pandemic. The government had last month, requested the IMF to consider giving it “a low-cost, fast-disbursing loan under the fund’s Rapid Financing Instrument (RFI) to deal مزید پڑھیں

The meeting of Federal Cabinet’s Economic Coordination Committee (ECC) on Wednesday approved Rs2.5 billion Ramazan Relief Package. Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh presided over the all-important meeting. The ECC also approved tax-free transactions of government’s flagship welfare project Ehsaas Program till June 30. The PTI government through مزید پڑھیں

Pakistan on Tuesday rece­ived an unexpected relief when it was given a five-month grace period by the Financial Action Task Force (FATF) to submit its performance report on 13 outstanding benchmarks for foolproof arrangements against money laundering and terror financing. “We have just received an intimation from FATF through the State Bank of Pakistan that مزید پڑھیں