Karachi, September 13, 2019: While most of the analysts are expecting status quo in upcoming monetary policy, analysts at Arif Habib Limited are seeing some 24 basis points cut in interest rate. The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on September 16, 2019. “We expect the central bank to…
Karachi, September 12, 2019: Pakistan car sales continued its downward trend and witnessed decline of 41 percent YoY during Aug 2019 which is mainly attributable to, higher auto prices post rupee devaluation, less no of working days amid Eid, overall economic slowdown. The major contributor to industry decline was HCAR, down by 67 percent YoY, followed…
Karachi, September 12, 2019: The Secretary Aviation/DGCAA Shahrukh Nusrat has asked the airlines to take necessary steps to rationalize their air fares, especially on the occasions of religious significance. He was presiding over the 2nd Meeting of Aviation Oversight Committee recently held here at Headquarters of Pakistan Civil Aviation Authority (CAA). The Secretary Aviation/DGCAA informed…
Karachi, September 12, 2019: The benchmark index witnessed positive investor sentiment in Thursday session, making an intraday high of +892 points to close at 31,547 levels, +592 points above yesterday’s close. Volumes improved as 186 million shares were traded in the market as compared to 100 million shares in the previous trading session. KEL (+4.9…
Karachi, September 12, 2019: The public sector’s image as a place where little or no innovation happens is challenged in a global research report from ACCA (the Association of Chartered Certified Accountants), Innovation in public finance. The report reveals that 91% of public sector respondents said some kind of innovation was happening in their, with slightly less…