Stimulus package for CMSMEs: Only 3 banks, 2 NBFIs reach lending target

Only three banks and two Non-banking financial institutions (NBFIs) reached the loan disbursement target of the second phase incentive package in cottage, micro, small and medium enterprises (CMSME) sector in July-September. On the other hand, 54 banks & 3 non-bank financial institutions (NBFIs) have failed to reach their targets. They failed

Remittance inflow declining continuously

The inward remittance inflow has witnessed a consecutive downtrend in last three months. Last September, the expatriates sent nearly $1.73 billion as remittance to the country, the lowest in the last 15 months. The lowest-ever remittance inflow was recorded in May 2020 earlier with an inflow amounting to $1.50 billion Ahsan H Mansur,

IDRA warns 21 Insurance Cos for not giving info

The Insurance Development & Regulatory Authority (IDRA) has issued warning to 21 Life & Non Life Insurance Companies for not providing information despite several calls from the organization. IDRA sent a warning message to the 21 Insurance Companies on Thursday. Source said, IDRA has called for a coordination meeting with theManaging Director