Pakistan gets major relief from the Paris Club.
According to IMF, Pakistan owes $11.5 billion to the Paris Club.
“This initiative will also contribute to help Pakistan to improve debt transparency and debt management,” says the statement.
Economy
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Pakistan, China holds 10th JCC meeting through videoconference
Continental bloc attaches six new conventions about eradication of child labour, environmental safety
ISLAMABAD: Conceding concerns over heating up of Pakistan economy, Finance Minister Shaukat Tarin on Wednesday announced steps — regulatory duties…
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.
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.