Business
Pakistan stock market closed positive today
Karachi, April 15, 2020: Market opened on a positive note today with +165 points, which was primarily the reaction to partial opening of various industries and sectors decided by the Federal and Provincial Governments. The index surged by 572 points, barring E&P and O&GMCs, during the session despite downward trend in international crude prices. As…
SBP working with stakeholders & taking appropriate measures to bring financial relief: Reza Baqir
EFP lauds SBP Refinance Scheme for Payment of Wages and Salaries Karachi, April 15, 2020: Governor State Bank of Pakistan Reza Baqir has said that SBP is constantly working with stakeholders and taking appropriate measures to bring financial relief and provide pragmatic support to the industries in order to maintain financial solvency and retention of…
PSX market closed with an increase of 190pts
Karachi, April 14, 2020: Market traded in the positive zone for most part of the session, despite international crude oil prices dipping below the pre-production cut levels. WTI saw declines of ~2.5 percent in international markets, which caused local investors to book profit on E&P and O&GMCs. Similar activity was observed in Cement sector that…
Pakistan to miss GDP growth target
Karachi, April 14, 2020: The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased,…
PSMA expresses concern on production control of Hand sanitizers under DRAP
Karachi, April 13, 2020: The Chairman Pakistan Soap Manufacturers Association (PSMA) Zafar Mehmood said that Soaps and hand sanitizers are the only products that have been found effective for protection against the spread of coronavirus. Owing to rapid spread of Covid19, the global demand of general consumer goods has decreased substantially. Resultantly, Pakistan’s exports are…