Karachi, April 21, 2020: Market opened -478 points today and continued the descent throughout the session, which extended to -1199 points by the end of session. The benchmark index closed -1078 points. Concerns raised by IMF over G20 debt relief, announced last week by the Government, as well as hinting higher than expected inflation with…
Karachi, April 21, 2020: Large scale manufacturing (LSM) contracted by 1.15 percent YoY during the month of Feb-2020, compared to a decline of 5.96 percent YoY in Jan-2020. On MoM basis, LSM contracted by 0.91 percent. After this month, LSM decline in 8MFY20 amounted to -3.03 percent YoY. The decline in LSM was relatively muted…
US running out of places to store oil Islamabad, April 21, 2020:In a bizarre movement in the oil market, the oil prices turns Into negative territory on Monday. The price of a barrel of oil went negative due to lower demand and uncertainty in the oil market. The Future contract for the month of May…
Emirates will operate to: Tunis, Jakarta, Manila, Algiers, Taipei, Chicago, and Kabul All Emirates flights to operate from Dubai International airport T3 Karachi, April 20, 2020: Emirates is planning to operate passenger services to Jakarta, Manila, Taipei, Chicago, Tunis, Algiers and Kabul in addition to the already commenced operation to London and Frankfurt. These services…
Karachi, April 20, 2020: A meeting was held at Islamabad between Minister for Aviation Mr. Ghulam Sarwar Khan and CEO PIA Air Marshal Arshad Malik to review the performance of PIA’s special operations to bring back stranded Pakistanis to the homeland and expatriation of other citizens to their home countries. Various arrangements including safety measures,…