Daily Archives: May 22, 2020

Pakistan’s Current Account Deficit Shrinks by 70% in 10 Months

The current account deficit has contracted significantly by over 70 percent in the first ten months of the current financial year. According to the State Bank of Pakistan (SBP), the current account deficit decreased to $3.343 billion during the period

NBP & BoP Record a Drop in Profitability During in Q1 2020

National Bank of Pakistan (NBP) and Bank of Punjab (BoP), the two public sector banks, could not sustain growth in profitability which declined during the first quarter of 2020. The profit of the banks was down due to the provisioning

How Vceela is Responding to Covid-19

The coronavirus has wreaked havoc all over the world and is causing large-scale loss of life and economic mayhem. The economic impact could be even worse than that of the Great Depression. The IMF expects the global GDP to fall

Real Estate Regulatory Authority to help facilitate, strengthen the sector: President

A delegation of Real Estate Consultant Association led by its President Sardar Tahir Mehmood called on President Dr Arif Alvi in Islamabad today. The delegation apprised the President about the problems and challenges being faced by the real estate sector

IMF ready to support poor countries for debt relief in face of coronavirus

International Monetary Fund (IMF) has expressed willingness to support poor countries for debt relief in the face of coronavirus pandemic. IMF spokesman Gerry Rice told a regular news briefing in Washington that more than half of the 73 poor countries