SBP Governor said the government made sure of quick disbursement of financial assistance during the coronavirus pandemic. Loans of Rs2 trillion were given to business persons, Rs430 billion were spent on new investment and Rs240 billion were allocated for loans on easy conditions.
Economy
Samsung Electronics enters into a joint venture with R&R Industries for the local production of television sets.
“It [plant] will become functional in Q4 of 2021 and is expected to produce 50,000 units annually,” reveals Razak Dawood.
PM aide says joint venture is a “vindication of Ministry of Commerce’s Make-in-Pakistan policy”.
The benchmark index opened at 46,008.85 points & recorded at 45,239.87 points @ 14:29 PM.
KARACHI: There would be around five million Chinese nationals working in Pakistan by 2025 whose health needs can only be…
Successful negotiations would facilitate immediate disbursements of $1b by the global money lender
Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 (ending 30 June 2021) and is expected to reach…
Car loans hit record high of Rs326 billion in August
August figure for car loans depicted a 46.8% year-on-year jump
In financial year 2020-21, Bestway Cement, Fauji Cement, Kohat Cement and DG Khan Cement earned a total of 31.01 billion rupees pre-tax profit while their post-tax profit stood a 22.63 billion rupees.