Tag Archives: reduces


SBP, reduces, markup rate, 5%, 7%, refinance schemes

SBP reduces markup rate to 5% from existing 7% on two refinance schemes

07 July, 2020 5:48 pm 5:48 pm

KARACHI (92 News) – Taking cognizance of the negative fallout of COVID-19 pandemic for the economy, State Bank of Pakistan (SBP) has decided to reduce the end user markup rate to five percent from seven percent. According to a press release issued by the SBP on Wednesday, the end user markup rates have been curtailed … Read More


Steroid dexamethasone reduces deaths among patients with severe COVID-19, t...

06 June, 2020 5:26 pm 5:26 pm

LONDON (Reuters) – Giving low doses of the generic steroid drug dexamethasone to patients admitted to hospital with COVID-19 reduced death rates by around a third among those with the most severe cases of infection, trial data showed on Tuesday. The results, described as a “major breakthrough” by scientists leading the UK-led clinical trial known … Read More


SBP, reduces, interest rate, 100 basis points, 8 percent

SBP reduces interest rate by 100 basis points to 8 percent

05 May, 2020 4:25 pm 4:25 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has further reduced the interest rate by 100 basis points to eight percent. It was decided during a meeting of the monetary policy committee (MPC) on Friday. “This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent … Read More


Govt, reduces, petrol price, Rs15 to Rs81.58 per litre

Govt reduces petrol price by Rs15 to Rs81.58 per litre

04 April, 2020 9:05 pm 9:05 pm

ISLAMABAD (92 News) – On the recommendation of the Oil and Gas Regulatory Authority (OGRA), the Finance Ministry has reduced the petrol price by Rs15 to Rs81.58 per litre. According to a notification issued on Thursday, the price of high-speed diesel has been fixed at Rs80.10 per liter after a decrease of Rs27.15 per litre. … Read More


Punjab govt, reduces, marriage grant, Rs80000, Rs150000

Punjab govt reduces marriage grant to Rs80,000 from Rs150,000

04 April, 2020 6:27 pm 6:27 pm

LAHORE (92 News) – The Punjab government has reduced the marriage grant to Rs80,000 from Rs150,000. The government has issued a notification of the Benevolent Ordinance. Moreover, the amount for burial has been reduced to Rs35,000 from Rs50,000. The amount of educational scholarship has been reduced to Rs20,000 from Rs10,000. An annual grant of Rs28,000 … Read More


Govt, petrol, diesel, prices, Rs6 per litre

Govt reduces prices of POL products by Rs15 per litre

03 March, 2020 11:47 pm 11:47 pm

ISLAMABAD (92 News) – The federal government reduced the prices of petroleum products by Rs15 per litre on Tuesday. After the decrease in the prices, petrol will be available at Rs96.60 per litre. The diesel price has been fixed at Rs107.25. Likewise, kerosene oil will be sold at Rs77.45 per litre after the Rs15 decrease. … Read More


SBP, reduces, interest rate, 100 basis points, 8 percent

SBP reduces interest rate by 150bps to 11 percent

03 March, 2020 7:23 pm 7:23 pm

KARACHI (92 News) – The State Bank of Pakistan has reduced the interest rate by 150 basis points, bringing it to 11 percent from 12.50 percent. The SBP spokesman said that the interest rate had been reduced keeping in view the current economic situation of the country. He said that the policy rate has been … Read More


Govt, reduces, petrol, price, 25 paisas, December

Govt reduces petrol price by 25 paisas for December

11 November, 2019 9:04 pm 9:04 pm

ISLAMABAD (92 News) – On the recommendation of the Oil and Gas Regulatory Authority (Ogra), the federal government has reduced per liter price of petrol by 25 paisas. According to a notification issued by the Finance Ministry, the price of light diesel oil by Rs 2.90. Moreover, high speed diesel has been reduced by Rs … Read More


Dollar, jumps, Rs151.95, 48-paisa, increase, interbank, market

Dollar reduces by 42 paisas, being traded at Rs151.50 in interbank marrket

05 May, 2019 11:06 am 11:06 am

KARACHI (92 News) – The dollar price has witnessed a 42-paisa decrease and was being traded at Rs151.50 in the interbank market on Wednesday. On Tuesday, dollar rate in the market was closed at Rs151.90. Meanwhile, 100 index gained 905 points and reached 34,347 points. On Tuesday, the US dollar rate further increased by Rs2.35, … Read More