Business
PSX closed at a decline of 203pts
Karachi, May 18, 2020: Post rate cut on Friday, market posted some gains today, showing an upside of 385 points earlier in the session, however, profit booking caused Index to slide posting a decline of 238 points during the session and closing -203 points. Banking sector primarily caused the plunge resulting in across the board…
Business enabling Regulatory Environment to boost Ease of doing Business and FDI
Karachi, May 18, 2020: The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30th. The Chamber, along with other leading business association, has in the past challenged some of the over-regulatory conditions introduced in the Companies Act 2017 without due engagement of…
Karachi Stock Exchange index up 2.2pc WoW
Karachi, May 17, 2020: After correction witnessed in the last week, the KSE-100 index gained 2.2 percent WoW, to close at 34,008. Moreover, news flows on the upcoming budget also begun to surface this week. Volumes also increased this week (+15 percent WoW), however traded value took a dip (-21 percent WoW). Moody’s report was…
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…