World Bank Member IFC Investing Rs. 500 Million in Pakistan’s Mortgage Sector

IFC, a member of the World Bank Group, is making an equity investment of up to Rs. 500 million (about $3.2 million) in Pakistan Mortgage Refinance Company Limited (PMRC), to catalyze affordable mortgage financing to help to address a critical

Vegetables import down by 2.13%

The imports of vegetables products into the country witnessed a decrease of 2.13 percent during the eleven months of ongoing fiscal year 2019-20 as compared to the corresponding month of last year. According to the data issued by the State

Reforms needed to boost e-commerce in Pakistan

World Bank Senior Economist Gonzalo Valera has said that the World Bank is keen to help the commerce ministry with e-commerce reforms. She shared these views during an online dialogue on ‘E-commerce the scope and facilitation’ organized by the Sustainable

Pakistan, China launch ‘Shandong Export Online Fair’

Pakistan and China launched 2020 Shandong Export Online Fair (Round II) in Jinan, China, demonstrating a creative way of engaging international business during the COVID-19 lockdown. Addressing the launching ceremony Consul General of Pakistani Consulate General in Shanghai, Hussain Haider

American Financial Institution to Involve Pakistan in Multi Billion Dollar Regional Fund

The Uni­ted States’ International Deve­l­opment Finance Corporation (IDFC) is keen to involve Pakistan in a regional fund intended for Central Asian Republics (CARs). This was revealed by IDFC CEO Adam Boehler during a meeting with Commerce Advisor Abdul Razak Dawood.

Pakistan’s Consumer Inflation for FY 2019-20 Rises to 10.74%

After dropping consecutively in the last four months, Pakistan’s consumer (CPI) inflation rate slightly increased to 8.59% in June from 8.20% in May 2020. However, July-June’s (2019-20) average inflation increased to 10.74% as compared with 6.80% recorded in July-June (2018-19).

Experts Demand Tax Relief to Boost E-Commerce in Pakistan

E-commerce offers huge scope and potential for Pakistani markets. The right policy reforms and facilitation by the government could play a key role in tapping this potential. Representatives from the public & private sector and civil society organizations said this

Govt Extends Rs. 40,000 Prize Bond Encashment Deadline to December 31

The government has granted another extension of six months to the holders of Rs. 40,000 National Prize Bonds (NPBs) for conversion, replacement or encashment. The State Bank of Pakistan (SBP) advised commercial banks to accept requests for conversion/redemption of Rs.