Daily Archives: May 9, 2020

305 Pakistanis stranded in Afghanistan returned via Torkham border

Three hundred and five Pakistanis stranded in Afghanistan have returned to Pakistan via Torkham border. Assistant Commissioner Shamsul-Islam and security official received them at the border. They were shifted to Quarantine center in Landi Kotal where their corona tests will

PM expresses condolence over demise of Senator Faisal Javed’s mother

Prime Minister Imran Khan telephoned Senator Faisal Javed Khan today and expressed his condolence and deep sorrow over the sad demise of his mother. The Prime Minister prayed for her forgiveness and high ranks in Jannah. Source: Radio Pakistan

Business community welcomes Govt decision to lift countrywide lockdown

Business community has welcomed the announcement of Prime Minister Imran Khan to lift countrywide lockdown in phases and reopen all construction related industries. President, Islamabad Chamber of Commerce and Industry Muhammad Ahmed Waheed in a statement said that easing the

SBP Allows Financing BMR Projects Under Economic Relief Facility

The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR), and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in

Pakistan’s Rice Exports to The Middle East Rise 59% Due to COVID-19

Pakistan’s rice exports have seen an increase of 59% in their market share in the Middle East, as India went into a strict lockdown due to the coronavirus pandemic, reported a media outlet. In an interview with Arab News, Muhammad Raza,

FBR Expects 154% Increase in Tax Revenue From Imported Mobile Phones

The Federal Board of Revenue (FBR) is expecting to generate Rs. 56 billion of revenue on account of taxes/duties on commercial import of mobile phones/devices in 2019-20 i.e. a 154 percent increase compared to Rs. 22 billion during the same

Banks Will Prevent 850,000 Workers From Layoffs During The Coronavirus Lockdown

The number of companies seeking a bailout from financial banks is on the rise in Pakistan which will save jobs for thousands of workers across various industries during the economic crisis brought by the COVID-19 outbreak. According to the State