Standard Chartered Bank Pakistan Ltd has signed an unfunded risk-participation agreement with the International Finance Corporation (IFC), said a press release on Monday. The $200 million rupee-equivalent programme will see the IFC cover 50 per cent of the commercial bank’s risk against short-term trade and working capital funded loan facilities for corporate clients. “Standard Chartered and
Public transport users in Pakistan want an interconnected and unified digital service that allows them to plan, book and pay ahead of time for all modes of transportation, according to a study by Visa, a global player in digital payments. A press release said on Monday that 33 per cent of the survey audience in Pakistan uses public transit services as their primary form of transportation. Pakis
Uzbekistan’s Deputy Prime Minister and In-charge of Trade and Investment Dr Jamshid Khodjaev has arrived in Pakistan for a crucial two-day visit aimed at exploring ways to bolster bilateral trade and investment relations. This high-profile visit underscores the growing economic ties between the two nations and is expected to further cement their partnership in the realms of trade and investmen
Tractor makers may be excited about the 87 per cent surge in sales, but other segments of the auto sector faced a sales slump ranging between 10pc and 47pc during 4MFY24. The rise in tractor sales to 17,296 units (Fiat and Massey Ferguson) also signals some brisk agricultural activities during July-Oct FY24, from 9,258 units in the same period last fiscal. In the car segment, the month-on-mo
Caretaker Prime Minister Anwaarul Haq Kakar on Monday directed the authorities concerned to formulate a comprehensive strategy, in consultation with all stakeholders, to improve the performance of the Federal Board of Revenue (FBR). According to the Prime Minister Office (PMO), Mr Kakar presided over a meeting to mull over the measures for improving the performance of the tax authority.