Business
Employers Federation of Pakistan lauds cut in Policy Rate
Pakistan must move towards rapid digitization for healthy economic growth: Ismail Suttar Karachi, May 17, 2020: Ismail Suttar, president Employers Federation of Pakistan (EFP) & chairman Economic Council Employers has lauded cut in policy rate and commended efforts by State Bank (SBP) of continuing to maintain credit flow and liquidity for manufacturers and SMEs as…
SBP cuts policy rate by 100 bps on lower inflation outlook
Karachi, May 15, 2020: As per expectation, the State Bank of Pakistan (SBP) has announced to reduce the key policy rate by 100 basis points to 8 percent in meeting of monetary policy committee held on Friday. At its meeting on15 th May 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate…
Pakistan Stock Exchange closed on a positive note
Karachi, May 15, 2020: Market opened on a positive note today with +89 points and went up by 236 points during the session, closing +203 points at 34K level. Bounce in international crude prices helped oil and gas stocks to stage some recovery from recent past sessions. OGDC and PPL particularly performed well. In the…
PSX Lists BankIslami Ehad Sukuk Certificates
Karachi, May 15, 2020: Pakistan Stock Exchange announced the listing of BankIslami Pakistan Limited (BankIslami) Ehad Sukuk Certificates with effect from May 14, 2020 whereas trading in the same has commencedfrom today, May 15, 2020. The President & CEO of BankIslami, Syed Amir Ali, commenced the listing of the Sukuk issue by striking the PSX…
Industrialists looking for cut in gas tariff
Karachi, May 13, 2020: Patron of SITE Association of Industry, Zubair Motiwala has appealed the Prime Minister of Pakistan Imran Khan to save the exporting industries in general and textile sector in particular from total collapse amid corona pandemic and subsequent severe economic crisis. In a press statement, Zubair Motiwala demanded Prime Minister Imran Khan…