Business
SBP further cut policy rate by 200bps
Karachi, April 16, 2020: In light of this reduction in growth and inflation expectations, the Monetary Policy Committee of the State Bank of Pakistan has decided at its emergency meeting today, to cut the policy rate by a further 200 basis points to 9 percent. At its last meeting on 24 th March 2020, the…
Pakistan Stock Exchange moving upward side
Karachi, April 16, 2020: Market traded in a narrow range today between +205 points and -226 points, and closing the session +87 points. Yesterday’s PIB auction that resulted in normalization of yield curve and declining of yields gave good reasons for investors to come back to equities. However, weakening oil fundamentals kept the investors in…
President FBATTI appreciated steps taken by SBP for salaries and wages to their workers
Karachi, April 16, 2020: President Federal B Area Association of Trade & Industry, Karachi Abdullah Abid have appreciated the steps taken by State Bank of Pakistan in providing relief to industries for payment of salaries & wages to their workers and employees. He said that on behalf of our association would like to thank you…
KATI urges SBP for interest free loans for payment of salaries
Karachi, April 16, 2020: Patron in Chief SM Muneer and President of Korangi Association of Trade & Industry(KATI) Sheikh Umer Rehan has welcomed the decisions of Federal and Sindh government regarding resumption of Industrial and business activities during extended lockdown due to preemptive measures for Covid-19 pandemic. SM Muneer said that we fully support the…
Nestle’ plans to invest Rs. 4bln in 2020
Quratulain Y Azher Karachi, April 16, 2020: Nestle’ Pakistan has planned to invest a handsome amount of Rs. 4 billion in the year 2020 despite challenges and economic slowdown. According to the financial report 2019, it released recently, the FMCG giant will make the planned investment in respect of operational reliability and capacity expansion of…