Business
CAD narrowed to $50 mln in Feb
Islamabad, March 22, 2021: The external account posted a recovery in February 2021, as a Current Account Deficit (CAD) of merely US$50 million (-0.2 percent of GDP) was seen, compared to US$210 million (-0.9 percent of GDP) in January. Cumulatively, for 8MFY21, there is still a net surplus in the current account of US$881 million…
Pak Suzuki Motor declared Rs1.6 bln loss in CY20
Karachi, March 22, 2021: Pak Suzuki Motor Company (PSMC) declared a net loss of Rs1.6 billion (LPS: Rs19.31), compared to a net loss of Rs2.9 billion (LPS: Rs35.49) in CY19. However, during 4QCY20, the company returned back to profitability with a PAT of Rs1.0 billion (EPS: Rs12.26), which was well above market expectations Read More: Nestlé Pakistan LUMS…
KANUP 2 connectivity national grid improve power supply
Karachi, March 19, 2021: Federal B Area Association of Trade and Industry has appreciated the expertise and efforts of Pakistan Atomic Energy Commission experts and hoped that connectivity of Karachi Nuclear Power Plant Two to the national grid will help to overcome the energy crisis and improve the power supply. President FBATI Muhammad Ali has congratulated Pakistan…
Key policy rate maintained at 7 pc
Karachi, March 19, 2021: The Monetary Policy Committee (MPC), in its meeting on 19th March 2021, has decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in January, growth, and employment have continued to recover and business sentiment has further improved. While still modest, at around 3…
NRSP-APCL Issues First Electronic Warehouse Receipt
Karachi, March 19, 2021:Â NRSP Agri Processing Company (NRSP-APCL) and Naymat Collateral Management Company Limited (NCMCL) have collaborated to issue the first Electronic Warehouse Receipt (EWR) against rice and paddy stocks stored at the recently accredited NRSP-APCL facility located at Hafizabad (Punjab). NCMCL is the first collateral management company incorporated under the Collateral Management Company Regulations…