Business
PSX index closed in a negative territory
Karachi, August 12, 2020: The benchmark KSE-100 index closed in negative territory, making a high and low of +559 and -169 points respectively, to finally close at 40,473 levels, down 86 points. The market remained active in today’s trading session but came under slight pressure in the second half with Cements and E&Ps being the…
Mastercard partners with Faysal Bank to expand digital payments in Pakistan
Debit cards, virtual cards and QR payments to complement the credit card portfolio Karachi, August 12, 2020: Mastercard has expanded on its existing strong partnership with Faysal Bank through an agreement that will further support the digitization of the payments infrastructure and accelerate the growth of digital transactions in Pakistan – a focus area which…
Ahmed Chinoy said to decrease import step must taken to increase export
Karachi, August 12, 2020: Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association said the Lockdown emerged from the global COVID-19 pandemic, it is continuing to devastate communities and jobs, challenge businesses that struggle to survive, and strain fiscal space of governments working to protect both lives and livelihoods. Global trade is heavily impacted as governments…
Car sales up 36pc MoM in Jul-2020 as lockdowns ease
Karachi, August 11, 2020: Car sales, as reported by PAMA, declined by 8 percent YoY in Jul-2020 to 11,501 units. Indus Motor (INDU) and Honda Car (HCAR) sales registered growths of 68 percent YoY and 46 percent YoY, respectively. However, Pak Suzuki Motor Company (PSMC) sales declined by 40 percent YoY. Kia Lucky Motors (non-member…
Record increase in export of fruits & vegetables despite COVID-19
Karachi, August 11, 2020: Pakistan has registered record enhancement in export of fruits & vegetables despite coronavirus global pandemic. The Financial year 2019-20 has witnessed an overall increase in export of fruits & vegetables by 12.5 percent amounting to USD 730 million which is an ever highest revenue in terms of foreign exchange generation. During…