State Bank Announces Measures to Facilitate Export–Oriented Sectors and Manufacturing Concerns

State Bank Announces Measures to Facilitate Export–Oriented Sectors and Manufacturing Concerns

In an effort to further facilitate the exporters as well as the manufacturing sectors, SBP has allowed exporters to directly dispatch the shipping documents of their exports’ consignment to their foreign buyers without any limit, subject to condition that the exporter’s export over-dues are less than one percent and the...

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SBP takes measures to promote Digital Payments amid COVID-19 Pandemic

SBP takes measures to promote Digital Payments amid COVID-19 Pandemic

In the wake of the recent outbreak of COVID19 (Corona virus), SBP is undertaking a number of measures to contribute towards meeting the challenges faced by society to remain safe from this pandemic and its potential impact. Given the pivotal role of financial sector in providing services to the general...

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SBP announces key measures to address economic and health challenges posed by Coronavirus

SBP announces key measures to address economic and health challenges posed by Coronavirus

First, the Monetary Policy Committee (MPC) of the SBP cut its policy rate by 75 basis points. As noted in the accompanying Monetary Policy Statement, the dominant development since the last MPC meeting has been the outbreak of the Coronavirus pandemic. This has precipitated a slowdown in world demand and...

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Bank Alfalah hosts event for Governor SBP and international investors in Dubai

Bank Alfalah hosts event for Governor SBP and international investors in Dubai

: Dr Reza Baqir, Governor State Bank of Pakistan (SBP), emphasized that real economic activity is expected to revive soon on the back of recent economic reforms initiated by SBP and the Government. These comments were made at a session hosted in the UAE by Bank...

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Daraz female seller from Sialkot earns up to Rs 20 million a year selling mobile phones

Daraz female seller from Sialkot earns up to Rs 20 million a year selling mobile phones

Fauzia, a 36-year-old housewife from Hyderabad, generated Rs 20 million through her online store on Daraz in 2019. Dealing in mobile phones, including the latest models such as Samsung Galaxy A30, Fauzia has been selling on Daraz since 2018. “By becoming a business owner, I have been able to access...

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Yamaha raises bike prices by up to Rs8,500

Yamaha raises bike prices by up to Rs8,500

According to a notice, Yamaha Motor Pakistan has increased prices of its bikes by up to Rs8,000-8,500. The company hiked the price of Yamaha YB 125Z model by Rs8,000 to Rs146,000 (after including 17% tax). Meanwhile, the price tag of YBR125 bike increased to Rs164,000, after a spike of Rs8,000....

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Moody’s suggests steady growth in bank profits in Pakistan

Moody’s suggests steady growth in bank profits in Pakistan

Moody’s Investors Service has predicted that banks in Pakistan will attain steady growth in profits in the next 12 to 18 months. The growth in bank profits will come from their swelling lending to the government at the usual high interest rates as the standard interest rate stands at an...

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Regal Automobiles Industries Limited kick-starts the new decade by launching its affordable hatch back Prince Pearl

Regal Automobiles Industries Limited kick-starts the new decade by launching its affordable hatch back Prince Pearl

With an aim to reshape Pakistan’s automobile industry, Regal Automobiles Industries Limited (RAIL), launched Pakistan’s most affordable hatchback, the Prince Pearl, on 31st January 2020. The car was launched in an exclusive event at a local hotel. Governor Punjab, high profile dignitaries and elite of the city attended the event....

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Slump in auto-industry to deepen in first half of 2020

Slump in auto-industry to deepen in first half of 2020

After a dip of closely 72% in automobile sales in the first half of 2019-20, investors in the auto-sector say the sector will continue to face a bumpy ride in January-June period of 2020. Problems like high rates due to the federal excise duty ranging from 2.5% to 7.5% on...

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Pakistan’s capital inflows may be affected by FATF blacklisting: IMF

Pakistan’s capital inflows may be affected by FATF blacklisting: IMF

The International Monetary Fund (IMF) has said Pakistan is still vulnerable to being placed on the Financial Action Task Force (FATF) “blacklist” that could affect the country’s capital inflows. “A potential blacklisting by FATF could result in a freeze of capital flows and lower investment to Pakistan,” stated a report...

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