Karachi, June 02, 2020: Suleman Chawla, President, SITE Association of Industry has said that the value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17 percent sales tax in last budget whereby liquidity worth billions of…
Karachi, June 02, 2020: Headline inflation stood at 8.2 percent YoY in May-2020, compared to 8.5 percent YoY in Apr-2020. On MoM basis, CPI increased slightly by 0.32 percent during the month. For 11MFY20, CPI averaged 10.94 percent YoY and has dipped below the 11-12 percent range provided by the central bank (SBP itself suggested…
Karachi, June 02, 2020: Daraz, the leading e-commerce platform in the country, has ventured into Pakistan’s growing gaming industry with the launch of Daraz First Games – an innovative and immersive new gaming platform that will serve as a unique avenue for entertainment while enabling millions across Pakistan to connect digitally with friends during this…
Karachi, June 02, 2020: Pakistan oil sales for May-2020 are likely to increase by 41 percent MoM on resumption of inter-city transport post the relaxations in lockdowns amidst COVID-19 outbreak. That said, impact of COVID-19 still remains visible in volumes with decline of 12 percent YoY expected. High Speed Diesel (HSD) sales are expected to…
Karachi, June 02, 2020: Market went up today on the back of banking sector that gained prominence post Eid. Yesterday’s performance of Index also came largely from Banking sector and today’s continuation gave investors the confidence to invest more. A couple of factors that helped Investors make a buying stance on Banking sector have been…