State Bank of Pakistan has decided to cut down the key interest from 11% to 9% due to COVID-19 outbreak

While facing the worst pandemic situation, where COVID-19 has disrupted the economy of Pakistan, State Bank’s Monetary Policy Committee in its meeting on Thursday, April 16, 2020 decided to cut down its key interest rate by two present that means new rate has been declined.

Securities and Exchange Commission of Pakistan took preventive measures against COVID-19

Based on the current situation and the presence of growing cases of coronavirus disease (COVID-19) in the country has put the lives of workforce, who are in public dealing, at stake. In order to mitigate the risks and to protect the well-being of the employees of Securities and Exchange Commission of Pakistan

State Bank of Pakistan announced a financing scheme to facilitate employers in payment of wages

Undoubtedly, the novel COVID-19 disrupted the economy of Pakistan. To mitigate the impact of coronavirus, State Bank of Pakistan introduced a new scheme “Islamic Refinance Scheme for Payment of Wages & Salaries to the Workers and Employees of Business Concerns”.

Prime Minister, Imran Khan announced special incentives for the construction sector

On Friday (3rd of April) Prime Minister of Pakistan, Imran Khan promoted the construction sector status to industry. He also announced several incentives for investors, builders and developers. He elaborated that government is trying the mitigate the economic impact of novel coronavirus outbreak.

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