Business
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: 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…
Pak Suzuki likely post over Rs2 billion loss
Karachi, March 19, 2021: JS Global expecting that Pak Suzuki Motor Company’s (PSMC) to announce a Loss after Taxation of Rs2.1 billion (LPS: Rs25.36) for the year CY20, compared to a net loss of Rs2.9 billion (LPS: Rs35.49) in CY19. Pak Suzuki Motor Company’s (PSMC) board meeting to announce CY20 results is scheduled for Monday,…
Pakistan local cement sales are expected to increase by 36-42 pc
Karachi, March 18, 2021: Pakistan local cement sales in Mar-2021 are expected to increase by 36-42 Percent YoY, taking 9MFY21 local sales growth to 16-20 Percent YoY. This is in line with our expectations, as we had also mentioned in our last month’s report that local cement sales are likely to grow by 40 Percent…
Cotton yarn exports increased 36 pc
Karachi, March 17, 2021: Despite the shortage of cotton, cotton yarn, and gas in our country, Cotton yarn exports increased by 35.86 percent in quantity terms during February 2021 and remained at 44,419 metric tons compared to 32,694 metric tons during January 2021 which is a low value-added product and is actually just export of…