Tag: #Finance
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Will 2022 be the year of FinTech’s in Pakistan?
This opinion is written by Suleman Muneeb Dar. In the advent of the COVID pandemic which has led to major shortcomings in almost every major industry in Pakistan, one segment has seen an unprecedented level of growth and traction: fintech start-ups. In 2021 alone, local start-ups have seen almost $300m in international funding; eclipsing the…
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Government fears an economic crisis over Omicron’s spread
ISLAMABAD: The federal government has expressed concern over the negative impact on the economy in view of the new variant of coronavirus, Omicron, which could lead to further rise in inflation. According to the details, the Economic Advisory Wing (EAW) of the Ministry of Finance, in its Economic Update and Outlook Report, said that Omicron…
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‘SME Asaan Finance’ launched for SMEs to avail collateral free finances
Lahore: In order to enable the Small and Medium Enterprises (SMEs) to avail collateral free finances the government and State Bank of Pakistan have introduced ‘SME Asaan Finance’. This initiative will emphasize the SME facilitation feature of the scheme to provide clean lending i.e. lending without collateral to SMEs. SAAF is a refinance and…
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Turkish Markets Sink After Erdoğan Fires Top Banker
Turkish markets are sinking after Erdoğan fired a top banker.
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KPK Government to Strengthen Financial System at Tehsil Level: TMO
The KPK government will strengthen the financial system at the Tehsil level, says the TMO.
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US to unveil Paris climate pact commitments in April
Paris, March 10 (AFP/APP):US climate envoy John Kerry confirmed Wednesday the United States would lay out new financing commitments for the Paris Agreement to cut greenhouse gas emissions ahead of an April 22 summit, the pact’s fifth anniversary. Kerry announced the pledge after talks with French Finance Minister Bruno Le Maire, part of a European…
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Demise of Financier Greensill Sparks Global Jobs Panic
The death of financier Greensill has sparked a global jobs panic.
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Vietnam’s state budget collection up in 2 months
HANOI, Mar 9 (XINHUA/APP):Vietnam posted a budget collection of 286.7 trillion Vietnamese dong (12.5 billion U.S. dollars) in the first two months of this year, up 0.6 percent year on year, the country’s Ministry of Finance said on Tuesday. Domestic revenue over the months rose 2.8 percent from the same period last year to 246.7…
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UK finance firm Greensill collapses into insolvency
London, March 8 (AFP/APP):Troubled UK finance firm Greensill has collapsed into administration after encountering serious financial difficulties, administrators Grant Thornton said Monday, sparking fears over thousands of jobs worldwide. Greensill specialises in short-term supply chain financing for businesses, but itself faces funding problems and mounting questions over opaque and complex accounting methods. Administration caps a…
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Assault against nature must stop, ECOSOC Chief Munir Akram tells UN Environment Assembly
The world must stop it’s assault on nature and find more political will to combat climate change, according to the president of United Nations Economic and Social Council