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Yearly Archives: 2020

SBP to Reduce the Reflection Period of Waived Loans and Advances for Corporate Borrowers

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The State Bank of Pakistan (SBP) has agreed to reduce the reflection period in the Electronic Credit Information Bureau (eCIB) of written-off/waived loans and advances for...

Structural Benchmarks under Discussion with the IMF

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Discussions are underway with the International Monetary Fund (IMF) on the timing of the adoption of politically demanding structural milestones, in particular power sector reforms, tax reforms...

PM Approves Funds for the Purchase of COVID Vaccine

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According to a statement released Thursday by the Ministry of National Health Services Regulation, Prime Minister Imran Khan has approved unique funding for the advance purchasing...

Iran Vows to Build ‘Comprehensive’ Relationship with Pakistan

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Iranian Foreign Minister Dr. Muhammad Javad Zarif said his country was prepared to establish a "comprehensive" relationship with Pakistan by holding talks on Wednesday with senior civil...

Foreign debt Increases 7% to $113.8 Billion

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In the first quarter of the current 2020/21 fiscal year, international debt and liabilities rose 7 percent year-on-year to $113.8 billion. According to data from the State Bank...

Pakistani Rupee Becomes 3rd Best Asian Currency

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After the currency touched almost eight months high at Rs158.91 against the US dollar in the interbank market on Monday, experts said that the Pakistani rupee...

No Changes in Pakistan’s Developing Market Index: MSCI

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A leading provider of research-based indexes and analytics, Morgan Stanley Capital International (MSCI), has announced the results of its Nov 2020 Semi-Annual Index Analysis. There have been...

The Government Increases License Fee for On-Site Electricity Generation

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The government has set a flat fee of Rs1,000 per kilowatt for distributed, also known as on-site, generation license, an exorbitant increase for private producers of...

Pakistan May Return $2 Billion Saudi Arabian Loan

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Pakistan is likely to return $2 billion of Saudi Arabian loans and is looking for different options to obtain more loans to retain gross official foreign...

Rupee touches the Highest Point in More than 7 Months

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On Friday, the rupee rose to its highest level to hit 159.09 against the dollar in more than seven months, supported by heavy inflows and lower...
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