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Monthly Archives: July, 2020

SBP expands refinance facility for health sector to combat COVID-19

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The State Bank of Pakistan (SBP) on Monday expand the refinance facility at lower rates for health sector in order to combat COVID-19. On March...

WAPDA Broke All Previous Records of Hydel Power Generation: Asad Umar

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Minister for Planning, Development and Special Initiatives Asad Umar has announced that WAPDA produced the highest ever hydel electricity in 2019-20 with an increase...

SBP Reserves Rise $1.27 billion to $11.2 Billion: Foreign Exchange

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As per the official data released by the State Bank of Pakistan (SBP), the foreign exchange reserves held by the central bank increased 12.75% on a...

June Inflation Rate Increases to 8.59% YoY

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Consumer price index (CPI) inflation across the country increased by 8.6 per cent year-on-year (YoY) in June 2020 compared to 8.2 per cent in May and...

Pakistan Government aiming to raise $700 million for the National Space Programme

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The Government of Pakistan has approved an initiative taken to limit the usage of foreign satellite services. The initiative is expected to raise up...

FBR Clarifies the Amendments to the Finance Bill 2020

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The Federal Board of Revenue (FBR) made it clear on Wednesday that the FBR had not imposed any new sales tax of Rs250 per new SIM...

Pakistan Received $1.3 Billion Loan from China

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Pakistan received a $1.3 billion commercial loan from China to help Islamabad meet the foreign exchange reserve target of around $12 billion by the end of...

FBR Withdraws Its Policy Instructions Regarding Manual Issuance of Income Tax Refunds

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The Federal Board of Revenue (FBR) has removed its policy directives through which the Commissioners Inland Revenue were prevented from manual issuance of income tax refunds...

EOBI pension increases to Rs8,500; pensioners to get arrears

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The federal cabinet has approved increase in pension of Employees Old-Age Benefits Institution (EOBI) to Rs8,500 from Rs6,500. According to a tweet by EOBI on...

PM Imran Is Setting up A Fuel Crisis Inquiry Committee

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Prime Minister Imran Khan has set up a committee of inquiry to investigate the recent petrol crisis with instructions for the committee to complete and submit...
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