On May 15, 2020 the government notified major changes to the Public Procurement Rules (PPRA) 2004 by introducing new concepts such as E-procurement, Framework Agreements and Unsolicited Proposals.
This client alert provides a brief overview of the steps taken by the State Bank of Pakistan (SBP) to dampen the effect of the economic dislocation(s) caused by COVID-19. This includes relief for businesses not just in the manufacturing sector but also those in construction, logistics, FMCG, tourism and automobile sectors.
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