Business
India to propose cryptocurrency ban: sources
March 15, 2021
India to propose cryptocurrency ban: sources
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a…
Workers’ remittances top $2 billion for 9th straight month
March 12, 2021
Workers’ remittances top $2 billion for 9th straight month
Workers’ remittances exceeded $2 billion for a record ninth consecutive month in February 2021, data released by the State Bank…
Pakistan records 31% increase in car sales in February
March 12, 2021
Pakistan records 31% increase in car sales in February
Passenger car sales increased by 31% in February 2021 compared to the same period last year, due to low markups…
IDB, IRENA team up to boost renewables in Latin America
March 12, 2021
IDB, IRENA team up to boost renewables in Latin America
The Inter-American Development Bank (IDB) and the International Renewable Energy Agency (IRENA) are teaming up to promote renewable energy investment in Latin…
SBP waives charges on internet, mobile banking services
March 11, 2021
SBP waives charges on internet, mobile banking services
The State Bank of Pakistan (SBP) has instructed all banks to provide minimum set of services on their Internet Banking…
IMF likely to resume loan programme by March 24
March 11, 2021
IMF likely to resume loan programme by March 24
The International Monetary Fund (IMF) may revive Pakistan’s stalled loan programme on March 24 as the fund’s executive board is…
Late tax filers penalised: Banks block foreign currency account transactions
March 11, 2021
Late tax filers penalised: Banks block foreign currency account transactions
Banks in Pakistan have refused to entertain foreign exchange transactions in accounts held by individuals who are not included in…
FBR goes after Payoneer, freelancers over billions of rupees transferred from abroad
March 10, 2021
FBR goes after Payoneer, freelancers over billions of rupees transferred from abroad
The Federal Board of Revenue (FBR) has said it has uncovered a ‘mega scam’ involving a foreign company transferring around…
KP govt, Chinese company sign accord for Balakot hydropower project
March 10, 2021
KP govt, Chinese company sign accord for Balakot hydropower project
The Khyber Pakhtunkhwa government has signed an agreement with a Chinese company for the construction of a 300 megawatts Balakot…
Saudi Arabia’s PIF signs $15 billion loan
March 10, 2021
Saudi Arabia’s PIF signs $15 billion loan
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving…