Banking and Finance
A simple & easy detail of types of credit card service charges & fees.
Banking and Finance
Are you thinking to pay only the minimum amount shown in your bill instead of the total amount? Well, read this before doing that. If you make payment of minimum amount due instead of total amount due, or any amount in less than the total due amount, then every bank charges with two types of … Read More “Making Minimum Payment instead of Full Payment of Credit Card Bill. What your bank will charge? Read this before you make payment of Minimum amount shown in your credit card monthly statement.” »
Opinions
Oil has been dubbed as the most valuable commodity with some even referring it as black gold. Until recently no one would have believed that the price of oil could have reached below USD 20 let alone into negative. Last week, in an unprecedented historical event, the West Texas Intermediate (WTI) i.e. USA oil benchmark … Read More “Analysis of the global oil price shock – How it happened and what`s next?” »
Reviews
The State Bank of Pakistan (SBP) has announced a new Refinance Scheme called “Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns”. This scheme aims at supporting businesses affected by the coronavirus pandemic to ensure availability of funds at their disposal for payment of wages/salaries to their workers … Read More “What you need to know for applying under SBP`s Refinance Scheme for Wages and Salaries” »
Reviews
As the world witnessed a sudden slump in the global oil prices during last few days with the WTI even trading at negative USD 40/barrel, people took to the twitter and shared their wit on this unprecedented event. The #oilprice quickly became trending on the twitter. Here are some of the hilarious tweets and enjoy … Read More “Twitter storms with memes on Oil Prices” »
Opinions
The global economic is on a standstill for the past two months as the novel corona virus has affected almost all the countries around the world. These countries have placed complete or partial lockdown to contain the further spread of virus. While the global leaders and international financial institutions are finding ways to bring this … Read More “Main economic losers of the COVID-19 pandemic” »
News, Regulations
With a view to combat the impact of COVID-19 pandemic, the State Bank of Pakistan (SBP) announced various refinance schemes. One of the schemes which received appreciation from the business community is the Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns. This facility provides concessional loans to … Read More “SBP relax requirements for refinance scheme for payment of wages and salaries” »
Opinions
Throughout the history of Pakistan, the major chunk of the import bill has been the petroleum group. Even with a slight reduction in global oil prices, the pressure on the current account deficit is relieved. During recent years, Pakistani economy has been facing huge import bill and the balance of payment has remained a continuous … Read More “Recent slump in global oil prices: What it really means for Pakistan.” »
News, Regulations
SBP reduces Special Cash Reserve Requirement on FE-25 deposits by 5%
Regulations, Reviews
Economic activity across the globe has come to a standstill as the COVID-19 pandemic situation is not normalizing. The International Monetary Fund (IMF) has stated that this economic situation will be the worst downturn since the Great Depression. The recovery of this situation will depend on the policy measures taken by the respective governments and … Read More “Policy decisions by Central Banks / Monetary Authorities to combat economic fall-out of COVID-19” »