Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…
Karachi, April 22, 2020: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support the economic activities in…
Islamabad, April 22, 2020: The Covid-19 crisis will out of necessity give rise to a new world order based on review of policies and strategies, and reorientation of survival concepts and doctrines. Pakistan cannot afford to remain oblivious to this transformation and will have to align itself with the altering world and swiftly change the…
Karachi, April 22, 2020: Over the past few weeks, the demand for fast moving consumer goods (FMCGs) on ecommerce platforms has grown significantly as customers practice social distancing. As part of its efforts to meet the increasing demand, Daraz, the leading ecommerce platform, has launched the dMart – a grocery channel that gives customers access…
Karachi, April 22, 2020: PIA is continuing its relief flight operations to various countries bringing back Pakistanis and transporting expatriates to their home countries; major flights planned ahead for return of Pakistanis. On instructions of the Government of Pakistan, Aviation Division head by Minister for Aviation Mr. Ghulam Sarwar Khan has tasked PIA to mount…