Business
PCDMA demands to waive income, sales tax, WHT & other audit notices for 2 months
CNIC condition should be deferred for 6 months due to COVID-19 Pandemic: Amin Yousuf Balgamwala Karachi, March 30, 2020: Pakistan Chemicals & Dyes Merchants Association (PCDMA) chairman and former director Karachi Stock Exchange Amin Yousuf Balgamwala has protested against notices sending to commercial importers and demanded to withdraw all notices. In a statement, chairman PCDMA…
Stock market expected to remain bearish as coronavirus situation prevails across globe
Karachi, March 30, 2020: A volatile session was witnessed at the local bourse where the market made an intraday low of -642 points. However, recovery was witnessed in the second half following which market closed at 28,023 level (down 86 points). On the news front, the IMF chief Kristalina Georgieva said that the coronavirus pandemic…
Package supports market from blood bath Market Commentary
Karachi, March 28, 2020: During the four day trading week (Monday being a National Holiday to mark the Pakistan Resolution Day), the index closed in red in 2/4 sessions. Stocks dived sharply to 27,229 points in the first two days, lowest level since Mar’14, as investors continued to gauge the broader economic fallout of Coronavirus….
Reduction in demand of poultry products to lead short supply: PPA
Karachi, March 28, 2020: Spokesman Pakistan Poultry Association, Mr. Khalil Sattar, has extended serious apprehensions on the short supply of chicken and eggs in the coming months because of extremely low consumption due to the closure of restaurants, hotels and wedding parties. The consumption has plummeted and prices have crashed, as such, no boiler farmer…
PSX index continued trending down
Karachi, March 24, 2020: First session in lockdown saw a wait-and-see stance at large from investors and an eventual slump in stock prices to lower circuit breakers. The market witnessed the 7th halt, which lasted 2 hours, and further shortened the already reduced market timings. Post halt, index continued trending down and saw the plunge…