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Govt shares details of uplift funds disbursed under PSDP 2020-21
ISLAMABAD: The federal government has disbursed an amount of Rs299.70 billion for various uplift schemes to date under its Public Sector Development Programme (PSDP) 2020-21.
According to details released by the Ministry of Planning and…
Facebook cryptocurrency Libra to launch as early as January
LONDON: Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.
The Geneva-based Libra Association that will issue and…
Pakistan Steel Mills terminates 4544 employees: spokesman
KARACHI: The Pakistan Steel Mills (PSM) on Friday sacked its 4,544 employees and sent their termination letters via post.
The PSM spokesman said that they had prepared a list of the employees who have been sacked and included from…
ADB okays $300m loan to spur macroeconomic stability in Pakistan
MANILA: The Asian Development Bank (ADB) has approved a $300 million policy-based loan to help promote macroeconomic stability in Pakistan by facilitating improved trade competitiveness and export diversification.
“While COVID-19 hit…
SBP approves Rs 238.2 bn for 2,958 businesses under Rozgar scheme
Staff ReporterISLAMABAD: State Bank of Pakistan (SBP) under its Rozgar scheme for protecting businesses and employees, working with them, from the impact of COVID-19 has so far approved Rs 238.2 billion for 2,958 businesses.Similarly,…
President proposes ‘trade triangle’ of Pakistan, China &…
Staff ReporterISLAMABAD: President Dr Arif Alvi on Friday proposed establishing a ‘trade triangle’ among Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximize the quantum of intra-regional business opportunities.In…
1,14,500 tons of imported wheat arrives in Karachi
KARACHI: Two more ships carrying wheat imported by the Trading Corporation of Pakistan (TCP) has arrived in Karachi on Friday.
According to Chairman TCP, Dr Riaz, vessels with 1,14,500 metric ton of wheat has arrived at the Karachi Port…
SBP reserves increase by $484mn to $13.4bn
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $484 million to $13.4 billion during the week ended on the 20th of November.
According to the data released by the central bank, net reserves…
Toyota halts operations at Indian plant
BENGALURU: Toyota Motors again halted operations at its car plant in southern India from Monday, as the majority of members of its workers’ union continued a sit-in strike, the automaker said.
Both the Toyota Kirloskar Motor (TKM)…
Sindh traders oppose reduced shop timings, vow resistance
KARACHI: Sindh Tajir Ittehad Chairman Jameel Paracha on Tuesday rejected the Sindh government’s decision of allowing businesses and markets to open from 6am to 6pm.
He said in a statement that it is impossible for traders to implement…