The Punjab government has initiated the first phase of the Chief Minister Youth Initiative, aiming to provide 20,000 bikes to degree college and university students. This scheme offers 19,000 petrol bikes and 1,000 electric bikes on interest-free plans, with the Punjab government subsidizing Rs 1 billion for interest-free bikes. Students interested in availing themselves of … Read more
The Punjab government plans interest-free motorbikes for students to reduce transportation costs. 20,000 electric motorcycles are to be distributed to students in a bid to cut down on expenses. The Bank of Punjab partners with the government for an affordable bike scheme. The Punjab government, following Chief Minister Maryam Nawaz Sharif’s instructions, is implementing a … Read more
State Bank of Pakistan has produced films in national and regional languages to educate farmers. Lower 15-year yields Farmers don’t grasp ag finance, hurting rural banks. Next two movies discuss agricultural loan items, processes, and documentation. SBP has released movies in national and regional languages regarding agriculture finance products and procedures to educate farmers, especially … Read more
KARACHI: The State Bank of Pakistan (SBP) has imposed Rs523 million as monetary penalty on commercial banks for violating regulatory provisions during the first half of fiscal year 2021/22, a statement said. The Central Bank said that it had imposed Rs58 million as penalty on five banks for the quarter ended December 31, 2021. The … Read more
KARACHI: Bank financing for housing and construction sharply increased 85 per cent, or Rs163 billion, to Rs355 billion in the financial year 2021, the State Bank of Pakistan (SBP) reported on Thursday. The total outstanding credit of banks for housing and construction stood at Rs192 billion in the preceding year. Within the housing and construction … Read more
KARACHI: The much-anticipated three-day Pakistan Learning Festival (PLF), an initiative of the Children’s Learning Festival (CLF), kicked off with a series of interactive sessions and activities on Tuesday, November 14, 2021, at the Arts Council of Pakistan, Karachi, a statement said. PLF is the flagship programme of civil society organisation Idara-e-Taleem-o-Aagahi. The event, being co-hosted … Read more
A private airline flight from Lahore to Karachi narrowly escaped the accident. According to details, private airline flight ER 523 was on route from Lahore to Karachi when the airline accidentally escaped the accident during the flight. The pilot of a private airline complained to the ATC at Lahore Airport that birds were flying at … Read more
The Sindh government has declared a state of emergency in hospitals following the crash of a Pakistan International Airlines (PIA) plane in Karachi, while the bodies of 32 people have so far been shifted to Jinnah and Civil Hospitals. Sindh Health Minister Dr Azra Pechuho has said that DNA test of the bodies has been … Read more
The Pakistan Airlines Pilots Association (PALPA) says high-rise buildings near the airport and kite flying violate civil aviation law. Senior pilot and spokesman Palpa Tariq Yahya said that according to the reports received so far, there was no power in the plane, the authentic information will be received from the recording of the black box. … Read more
Bank of Punjab President Zafar Masood has miraculously survived a plane crash in Karachi’s Model Colony. According to details, an Airbus A320 of Pakistan International Airlines (PIA) crashed in Karachi. Fortunately, the life of the President of Bank of Punjab was saved in this accident. The President of Bank of Punjab has been shifted to … Read more
Punjab Finance Minister on Monday said that the province will be on almost Rs 250 billion budget surpluses if it able to meet its revenue generation targets while the government had paid of Rs 56 billion debt it owed from previous government in shape of contractors’ bills payments. Addressing an interactive session with Lahore Economic … Read more
