Daily Archives: September 28, 2020

Development work at Sector I-15

Islamabad, September 28, 2020 (PPI-OT): Infrastructure development work in Sector I-15 is in full swing. In this context, after completing survey work on several roads and streets earth work is in progress while survey on the roads and streets is

Capital Development Authority continuously operating against encroachments and illegal constructions

Islamabad, September 28, 2020 (PPI-OT): Capital Development Authority (CDA) is continuously operating against encroachments and illegal constructions on the state land in Islamabad. On Friday, Enforcement Directorate operated against illegal constructions including brick kilns along Kuri Road and demolished illegal

Rs. 6.86 Billion Subsidy Scheme Launched for Agriculture Sector

The Ministry of National Food Security and Research has launched a markup subsidy scheme under the Fiscal Package announced by the Prime Minister for the agriculture sector to mitigate the impact of the Covid-19 pandemic. An amount of Rs. 6.86

PSX Launches Two More Exchange Traded Funds to Attract Foreign Investment

Pakistan Stock Exchange (PSX) has launched two new exchange-traded funds to attract investors toward a novel concept of investment diversified across multiple securities, according to news reports. The exchange-traded funds are namely are: Meezan Pakistan ETF, offered by Al Meezan

SBP Allows Use of Limited Outsourcing of Cloud Services To Financial Institutions

State Bank of Pakistan (SBP) has allowed the use of limited outsourcing of cloud computing services to banks and financial institutions (FIs) mainly for the non-core operations and business support processes. According to the banking regulator, financial institutions’ can avail

Sindh Governor appreciates role of traders, industrialists in dev. of country

Sindh Governor Imran Ismail has appreciated the role of traders and industrialists in the development of the country. Speaking at a ceremony of Korangi Association of Trade and Industry in Karachi today (Monday), he said that the federal government is

Essential Commidity Prices Rose 0.32% Last Week: PBS

The Sensitive Price Indicator (SPI) for last week recorded an increase of 0.32 percent over the previous week due to a rise in prices of food items i.e. onions (10.63 percent), tomatoes (9.29 percent), and sugar (1.66 percent). According to

Pakistani Banks Deferred Rs. 651 Billion Loan Payments: IMF

Under the State Bank of Pakistan (SBP)’s temporary regulatory measures, banks have deferred a total of Rs. 651 billion of clients’ payment of principal on loan obligations for one year to maintain banking system soundness and sustain economic activity, says

ADB approves $300mn loan to help strengthen Pakistan’s finance sector

Asian Development Bank has approved 300 million dollars policy-based loan to help strengthen Pakistan’s finance sector by supporting measures to develop competitive capital markets and encourage private sector investment in the country. ADB Senior Project Officer Sana Masood in a

All pre-primary, primary & middle schools in Sindh being opened from today

All pre-primary, primary, and middle schools in Sindh are being opened from today (Monday). Provincial Minister for education Saeed Ghani has said all the schools will be bound to follow the SOPs to prevent the spread of coronavirus. He said