Business
PSX market closed in negative session
Karachi, May 07, 2020: Thursday saw Pakistan equities close negative as the KSE-100 index ended the session at a level of 33,304, shedding 424 points (-1.3 percent) from its previous close. During the session, traded value increased by 4 percent DoD to US$47 million while traded volumes shrunk 16 percent to 176 million shares. HASCOL…
APTMA demands Sindh government to allow textile industry
Downstream supply chain to resume operation Karachi, May 06, 2020: Mr. Zahid Mazhar, Chairman, APTMA Sindh-Balochistan Region demanded the Government of Sindh to allow the entire textile value chain to restart their production activity without any further delay otherwise the textile industry of the province would not survive and lead to total closure and massive…
Fiscal Deficit for 9MFY20 Clocked in at PKR 1,686 billion
Deficit down by 12 percent YoY in 9MFY20 Karachi, May 07, 2020: Pakistan’s fiscal balance in the current fiscal year to date has shown improvement over prior year, with the deficit arriving at PKR 1.7 trillion in 9MFY20 (3.8 percent of GDP) compared to PKR 1.9 trillion in 9MFY19 (5 percent of GDP), down by…
Meezan Bank announces good results for the first quarter of 2020
Karachi, May 07, 2020: The Board of Directors of Meezan Bank in its meeting, held on May 05, 2020 approved the financial statements of the Bank for the quarter ended on March 31, 2020. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board; Mr. Faisal A. A. A. Al…
Secured Transactions Registry Inaugurated by Advisor to PM on Finance
Karachi, May 07,2020: Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue, formally launched the Secured Transactions Registry (STR) today. The STR, established under the Financial Institutions (Secured Transactions) Act, 2016, for registration of security interests/charges created by entities other than companies on their movable assets, has been operationalized by the…