SBP extends compliance timeline for banks amid COVID challenges

KARACHI: State Bank of Pakistan (SBP) on Wednesday extended timelines for compliance with various regulatory requirements by banks considering the challenges of COVID-19 faced by the financial industry. The SBP invited attention... Read more »

PCAA imposes penalty on Qatar Airlines for violating COVID SOPs

ISLAMABAD: Pakistan Civil Aviation Authority (PCAA) has imposed a monetary penalty of Rs100,000 on Qatar Airlines for violating SOPs related to COVID-19. A statement on Friday said that the government of Pakistan... Read more »

SBP doubles loan size for setting up hospital to combat COVID

KARACHI: State Bank of Pakistan (SBP) has enhanced loan size to Rs 1 billion from Rs500 million for setting up new hospital to combat COVID-19. The central bank in a notification said... Read more »

Pakistan mulls opening tourism spots by mid-August

ISLAMABAD: Pakistan is considering to open tourist spots across the country by mid of August provided that the COVID-19 situation was remained under control, said Special Assistant to Prime Minister of Pakistan... Read more »

SBP extends deferment of principal amount facility till September 30

KARACHI: State Bank of Pakistan (SBP) has decided to extend the deferment of principal amount facility up till September 30, 2020, a statement said on Tuesday. The central bank said that considering... Read more »

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

KARACHI: 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 17, 2020, SBP introduced a refinance... Read more »

Meezan Bank’s Shariah Board approves guidelines for COVID related refinance schemes

KARACHI: Meezan Bank’s Shariah Supervisory Board (SSB) has approved guidelines for COVID-19 related refinance schemes intended to provide relief to businesses and individuals during these challenging times. In the 47th meeting of... Read more »

Pakistan to face greater challenges in next fiscal due to COVID

ISLAMABAD: Pakistan is likely to face greater challenges in the next fiscal year starting July 2020 due to COVID-19, said Economic Survey 2019/2020 released on Thursday. “After recording its first contractionary year... Read more »

Budget 2020/2021 to focus on mitigating COVID-19 impact

KARACHI: The government may focus supportive measures in the upcoming budget 2020/2021 in order to reduce the impact COVID-19, analysts said on Tuesday. Analysts at Arif Habib Limited highlighted the blueprint of... Read more »

Hot, humid weather drops COVID-19 transmission rate: Pakistan Met

ISLAMABAD: Pakistan Meteorological Department (PMD) has identified that COVID-19 transmission rate declined due to rise in temperature and humidity. The PMD on Saturday told the National Command and Operation Centre (NCOC) that... Read more »