Business
KSE-100 index closed on a bullish note
Karachi, June 08, 2020: Today benchmark KSE-100 index closed on a bullish note gaining 399 points, up 1.2 percent to finally close at 34,749 levels. Market remained positive as the pre-budget rally was witnessed. E&Ps, Financials and Cements were the major movers of the index today where OGDC (1.9 percent), PPL (2.5 percent) and POL…
Industrialists termed govt. refusal to restore zero rating as disastrous
Karachi, June 08, 2020: Capt. A Moiz Khan, patron-in-chief, North Karachi Association of Trade and Industry (NKATI) and President Naseem Akhtar have expressed concern over the media news regarding not restore zero rated regime by government and feared that if the government does not restore the zero rating system for the five export sectors, they…
OCAC statement on petrol availability
Karachi, June 08, 2020: On behalf of Oil Marketing Companies (OMCs) & Refineries operating in Pakistan, Oil Companies Advisory Council (OCAC) would like to inform that current stocks of Petrol (Motor Gasoline) are continuously being replenished by OMCs from supplies being made available through local Refinery’s production & regular arrival of vessels carrying imported Petrol…
Textile sector at verge of disaster
Karachi, June 02, 2020: Suleman Chawla, President, SITE Association of Industry has said that the value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17 percent sales tax in last budget whereby liquidity worth billions of…
CPI falls to 8.2pc YoY in May
Karachi, June 02, 2020: Headline inflation stood at 8.2 percent YoY in May-2020, compared to 8.5 percent YoY in Apr-2020. On MoM basis, CPI increased slightly by 0.32 percent during the month. For 11MFY20, CPI averaged 10.94 percent YoY and has dipped below the 11-12 percent range provided by the central bank (SBP itself suggested…