Karachi, July 02, 2020: KSE-100 index at Pakistan Stock Exchange (PSX) went up by 288 points during the session, which was contributed by a mix of sectors including Cements and Fertilizer sectors (which hit day’s high in early trading, but faced profit booking in later part of the session). Banking sector gained further as investors…
Expedited processing has cleared nearly 650,000 refund requests in 8 weeks Policies offer customers confidence to plan and book their travel Karachi, July 02, 2020: In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making good on its promise to expedite refunds after…
Karachi, July 01, 2020: The pandemic has triggered the deepest global recession in decades. We have witnessed slowdown in Pakistan’s economy and downside risk to growth has increased. However, the fiscal and monetary authorities have responded with unprecedented economic policies including fiscal stimulus, monetary easing and debt moratorium. The recent reduction of Policy Rate to…
Karachi, July 01, 2020: The benchmark index rose to touch an intraday high of +502 points before closing at 34,889 level (up 467 points). Traded volumes improved by 41 percent DoD to 315 million shares while value traded increased to US$63 million. Top volume stocks of the session were KEL (+9.0 percent), HUMNL (+7.8 percent)…
“Pakistan is diversifying its exports into engineering products” – Adbul Razzak Dawood Advisor to PM Karachi, July 01, 2020: Dawlance has once again proved its technology leadership in Pakistan. It has now become the first company in Pakistan to export globally competitive Micro-wave ovens. This export-consignment is a part of Dawlance’s commitment to enrich Pakistan’s…