Business
SBP’s decision of reducing 75 bps to 12.50pc does not reflect market sentiment: President FPCCI
Karachi, March 19, 2020: Mian Anjum Nisar President, Federation of Pakistan Chambers of Commerce and Industry said that the SBP decision seems totally against the global wisdom under prevailing drastic conditions of the life-threatening disease caused by COVID-19. Global think tanks and large number of countries are supporting economic activities by introducing ease of doing…
PRGMEA appeals to PM for help export industry
Karachi, March 19, 2020: Shaikh Shafiq Jhokwala, Chairman (Central) and Amir Amin Kothawala, Chairman (SZ), Pakistan Readymade Garments Manufacturers and Exporters Association appealed to the Prime Minister of Pakistan that Under the Current circumstances of global challenge of CORONAVIRUS, readymade garments manufacturers and exporters are going to face the greater challenge of raw material procurement….
APTMA demand immediate measures to be taken to save textile spinning and weaving industry
Karachi, March 19, 2020: Zahid Mazhar, Chairman – All Pakistan Textile Mills Association, Sindh-Balochistan Region has demanded the government to take drastic measures to save export-oriented textile industry from the negative economic impact of Novel Coronavirus (COVID-19) as since its outbreak in mid-December 2019, has caused turmoil in the world’s second-largest economy, China, with a trickle-down…
PSX market showed disappointment to SBP policy
Karachi, March 18, 2020: Market showed its disappointment to SBP’s Policy Rate cut in full force. Market halt activated at -1683 points 10:17PM with 57 million shares, an reopened at -1731 points with 66 million shares traded on KSE100. Situation worsened over time and majority of stocks hit lower circuits, causing the Index to plunge…
KE geared up to maximize customer facilitation amidst the COVID-19 outbreak
Karachi, March 18, 2020: K-Electric is committed to ensuring seamless customer support in the midst of the COVID-19 outbreak, whilst taking all necessary precautions and safety measures. The power utility is working according to the stipulated World Health Organization (WHO) guidelines, to ensure the safety of its employees as well as its customers. KE has…