SBP expanded services to stimulate economy amid COVID 19
Expanding scope to financing for Balancing, Modernization and Replacement (BMR) and expansion of existing projects under its Temporary Economic Relief Facility (TERF), State Bank of Pakistan (SBP) has taken several measures to safeguard economic activity in the country, under COVID’19. With Shariah-compliant version to rouse new investment in manufacturing sector, TERF will be available for […]
Ring road Rawalpindi to connect Motorway
An eight-kilometre-long patch of the Ring Road project will be constructed by NHA that will connect China Pakistan Economic Corridor (CPEC) with Motorway (M-I). The rest of the road will be constructed on private-public partnership. A senior official of division has enclosed the news about changes in the preliminary report of 64-km-long road project and […]
541.63 billion Released under PSDP 2019-20
The federal government has released Rs 541.63 billion (77.3 percent) including Rs 109.29 billion foreign aid (85 percent) for ongoing development projects. According to the documents released by Ministry of Planning, Development and Reforms Rs180.43 billion (92 percent) has been released for development budget of corporations while Rs159.72 billion has been released for National Highways […]
“Start-up company” now part of Companies Act, 2017
The Securities and Exchange Commission of Pakistan (SECP) has added a new entity to the Companies act 2017 by the name of “Startup-company” According to the definition a “Startup company” means a company that is in existence for not more than 10 years from the date of its incorporation or such other period or periods […]
Opportunity to buy oil at low price
Pakistan to hedge oil prices for the first time Pakistan is all set to initiate the process to hedge the prices of 15-20 percent petroleum products out of total annual imports of 68 million barrels oil either for up to two years get the benefit of the low prices of POL products in international market […]