Business

The State Bank of Pakistan (SBP) announced that the Monetary Policy Committee (MPC) decided to reduce the policy rate by 100 basis points to 8 percent. This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As...

KARACHI: Telenor Microfinance Bank’s mobile banking platform, Easypaisa has been awarded by Global Finance Magazine as ‘The Innovators 2020’ in the field of Payments. The Easypaisa App has been recognized for consistent efforts in forging new paths and introducing distinct yet sophisticated tools to tackle modern issues in Finance. Telenor...

Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent layoff of employees under current COVID Pandemic scenario....

Hyundai Nishat Motor has increased the Porter H-100 price due to recent decline in the value of Pakistani rupee against the dollar. This pickup truck was launched in January and was being sold at an introductory price. Hyundai Nishat Motor increased their pickup truck H-100. A notification was released by...

ISLAMABAD: The Universal Service Fund (USF) awarded a contract worth PKR 588 Million to Telenor Pakistan for providing hi-speed broadband in Sanghar Lot (Sindh). Federal Minister IT& Telecom, Syed Amin ul Haque inaugurated the Next Generation Broadband for Sustainable Development project in Sanghar (Districts of Sanghar and Umerkot) at a...

Starting today, the ride hailing service Careem announced that they company will be laying off 31 percent of its workforce which accounts for 536 jobs as business is down for the company due to the coronavirus pandemic. Ride hailing service Careem laying off 31 percent of its workforce. Careem is...

Honda Atlas Cars Private Limited has increased prices for for its cars following the hike in dollar price against the rupee. The increase in Honda Atlas prices of up to Rs. 120,000 affects all models of Civic, City and BRV variants with the new prices going into effect from 5...

KARACHI: The Currency Management Department of the State Bank of Pakistan (SBP) has issued a notification stating that Fresh Bank Notes will not be issued on the occasion of Eid-ul-Fitr 2020. Based on the notification issued a meeting was held by the COVID-19 committee chaired by the Director General Banking...

DUBAI: Emirates SkyCargo’s unwavering commitment to Pakistan is ensuring essential commodities such as food and medical supplies are transported to and from the country, despite the capacity and operational challenges brought on by the COVID-19 pandemic. And in the process, the air cargo operator has also managed to set two...

ISLAMABAD: Telenor Pakistan has partnered with Google in order to train and upskill small and medium enterprises (SMEs) to help them survive during the crisis and minimize the impact of ongoing pandemic on their operations.  The online skills training will be conducted as a series of webinars under ‘Going Online...

Al Haj FAW Motors have issued a public notice stating that their manufacturing plant has been shut down due to the coronavirus pandemic. Al-Haj FAW shuts down production plant due to coronavirus. According to Al Haj FAW Motors the reason for shutting down their manufacturing plant is to ensure the...

Honda Atlas manufacturing plant has been shut down due to COVID-19 for and extended period as revealed by the company through a public notice. Honda Altas shuts down Manufacturing Plant due to COVID-19. According to the notice issued by Honda Atlas, the shut down of their manufacturing plant will result...