Business
PHMA lauds PM to open lockdown to rescue businesses
Textile Allied & General Industries must be opened in next immediate phase; Resuming of Industrial & Commercial activities will save millions of citizens from unemployment: Ch Salamat Ali Karachi, May 08, 2020: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Central Chairman appreciated the Prime Minister of Pakistan Imran Khan for opening the lockdown in phases…
SBP allows financing for BMR and expansion under its TERF
Karachi, May 08, 2020: The State Bank of Pakistan (SBP) has opened up it subsidized Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR) and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in the context of COVID-19’s impact on the economy, to support investment…
PSX closed on a decline of 37pts
Karachi, May 08, 2020: KSE100 traded in a narrow range between +197 points and -145 points, closing the session -36 points. The session low volumes as well compared with recent past sessions. Selling pressure was evident in Banks, E&P and Cement sectors. International oil prices had little impact on investor sentiment, which is affected more…
Industry Experts discuss advantages of PM Imran Khan’s Construction Incentive Package
Karachi, May 08, 2020: Iqbal Institute of Policy studies conducted an online interactive session to discuss Prime Minister Imran Khan’s Construction Incentive Package in order to increase the employment opportunities in the country amidst COVID-19 pandemic. The Prime Minister’s construction incentive package concentrates on tax rebates and incentives in the construction center, the intention of…
PFVA appeals to export mango from 1st June
Mango crop still immature due to Climatic change, date of export be fixed as 1st June instead of May – Waheed Ahmed, Patron-in-Chief PFVA Karachi, May 08, 2020: The Climatic Change & Lockdown have severely affected the mango crops. The mango crops in Sindh & Punjab is likely to get matured after a delay of…