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Bed occupancy rate in Punjab public hospitals surges to 60%

LAHORE: The worsening situation from coronavirus has placed a strain on healthcare facilities as beds reserved for COVID-19 patients have been occupied by almost 60% across Punjab. Punjab Specialised Healthcare and Medical Education Department Secretary Barrister Nabeel Ahmed Awan said

Interest rate on National Savings certificates cut by 1%

ISLAMABAD: The Central Directorate of National Savings (CDNS) has reduced the interest rate by 1 percent on the savings certificates investment due to lower rates of Pakistan Investment Bonds (PIB). The rate of return on ‘Behbood Savings Certificates’ (BSC) has

SBP reduces interest rate by 100 bps to 8 percent

KARACHI: The State Bank on Pakistan on Friday announced the new monetary policy and reduced the key policy rate by 100 basis points to eight percent. The Monetary Policy Committee (MPC) said the decision was based on the inflation outlook

Saudi Arabia triples VAT rate to support coronavirus-hit economy

RIYADH: Saudi Arabia will triple its value-added tax rate and suspend a cost of living allowance for state employees, the kingdom’s finance minister said on Monday, as part of austerity measures to support its coronavirus-hit economy. “The cost of living

Gold prices set new record by rising to Rs950 per tola

KARACHI: Gold has reached the highest level in the country’s history after raising Rs950 per tola price. According to the All Sindh Sarafa Association, the price of gold per tola has risen to Rs88,300 while the price of ten grams