Stories from Salman Siddiqui
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Banks defer, reschedule loans worth Rs1.3 trillion
Debt relief scheme was introduced by SBP in March 2020 to help borrowers cope with Covid-19
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Credit to private sector slows down
Banks continue to focus on investment in govt debt securities
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Rs435.7b extended to businesses under TERF
Scheme was introduced to help businesses continue investment plans despite Covid-19
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Pakistan’s LSM sector grows 7.45%
Increase will help offset impact of poor cotton production in agriculture sector
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Remittances jump 43% to $2.7b
Inflows remain robust above $2b for 10th successive month in March
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SBP expects 3% growth in FY21
Central bank governor says country has entered third wave with much better economic indicators
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Start-up looks to reshape retail sector
Aims to improve customer experience through deploying artificial intelligence in stores
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Engro to establish petrochemical plant
Unit will help slash country’s chemical imports, boost exports
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Use of RLNG by K-Electric to cost Rs18 billion
End-consumers will pay some of additional cost; govt will bear the rest
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Pakistani startup raises $320,000 in pre-seed funding
It will provide learning solutions mostly to students unable to find teachers
