Business
JS Bank witnesses significant growth in profitability
Karachi, June 12, 2020: Growing from strength to strength, JS Bank reported profit before tax of PKR 628.5 million for the quarter ended March 31, 2020 as compared to profit before tax of PKR 54.7 million over the corresponding period last year, an incredible 1000 percent increase. Profitability showed a marked increase primarily due to…
EFP takes arduous task to promote Pakistan’s non-traditional exports
Pakistan fear to loss 30 percent share of world exports: Ismail Suttar Karachi, June 11, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that, a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC) and old partner of CEO Club, has taken the arduous…
CCP issues show cause notice to 46 suppliers of line hardware
Karachi, June 11, 2020: The Competition Commission of Pakistan (CCP) has issued show cause notices to 46 suppliers of Line Hardware Material to the Electric Power Distribution Companies (DISCOs) for prima facie operating as a cartel and engaging in collusive bidding in violation of Section 4 of the Competition Act 2010. The CCP initiated a…
PSX index closed with an increase of 64pts
Karachi, June 11, 2020: Market traded in a narrow range between -70 points and +188 points, closing the session +64 points. E&P sector saw selling pressure that has been the case since international oil prices have faced resistance in the past couple of sessions. Fertilizer, Cement, Steel and Textile sector scrips performed well today on…
SBP shares measures for utilization of Risk Sharing Facility under Rozgar Scheme
Karachi, June 10, 2020: Governor SBP, Dr. Reza Baqir, shares with Chambers of Commerce the measures to enhance utilization of Risk Sharing Facility under SBP’s Rozgar Scheme. Dr. Reza Baqir, held an online meeting with the Presidents of Chambers of Commerce and Industries of the 15 regions where SBP (BSC) offices are located. At the…