ISLAMABAD: Pakistan has initiated negotiations with the International Monetary Fund (IMF) for an additional grant of $1.4 billion on fast track basis.
(more…)Day: March 25, 2020
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DP World takes precautions for consignment clearance at QICT to prevent COVID-19 spread
KARACHI: DP World has issued advisory regarding precautionary measures against coronavirus (COVID-19) for clearance of consignments at Qasim Qasim International Container Terminal (QICT).
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Equity market witnesses 8th halt; crashes by 1396 points
KARACHI: The equity market crashed again on Wednesday and lost 1396 points after witnessing eighth lower lock in this month.
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Interbank rate closes at Rs161.60 against dollar
KARACHI: The interbank foreign exchange market ended at Rs161.60 to the dollar on Wednesday, marking a sharp fall of Rs2.60 paisas from the previous day’s closing, according to the closing rate provided by the State Bank of Pakistan (SBP).
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Business community welcomes PM relief package
KARACHI: Business community has welcomed the relief package of around Rs1.2 trillion announced by Prime Minister Imran Khan to ward off the negative impact of coronavirus.
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Dollar hits Rs162 intraday on policy rate easing
KARACHI: The Pak Rupee massively depreciated by Rs3 in intraday trading after significant outflows of hot money, market sources said.
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Pirani appointed CEO Pak-Qatar Family Takaful
KARACHI: Pak-Qatar Family Takaful has announced appointment of Azeem Iqbal Pirani as its new Chief Executive Officer (CEO) effective March of 2020.
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Pakistan imposes ban on export of surgical masks, sanitizers
ISLAMABAD: Pakistan has imposed ban on export of surgical masks and hand sanitizers owing to mass spread of coronavirus.
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FBR advises duty, tax payment through alternate delivery channels
KARACHI: Federal Board of Revenue (FBR) has advised taxpayers to pay duty and taxes through alternate delivery channels (ADC) during restricted movement in the wake of coronavirus pandemic.
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