Business
Non-life insurance profits up 19pc YoY in 2019
Karachi, April 07, 2020: The profitability of the non-life insurance sector during 2019 was up 19 percent YoY on the back of sharp rise in their investment income. For our analysis, we have taken data of nine listed non-life insurance companies, accounting for ~80 percent of non-life insurance market capitalization. The investment income of the…
PSX market closed on a positive note
Karachi, April 07, 2020: The Pakistan Stock Exchange (PSX) closed green on the second trading day of the week as it was closed lower on first day. Market opened on a positive note with +75 points and 0.8 million shares traded at the opening bell. The index continued the surge throughout the session, increasing by…
Immediate rescue measures required to save textile industry
Karachi, April 07, 2020: Mr. Zahid Mazhar, appreciated all the positive steps the provincial and federal governments have under taken to control wide spread of Coronavirus (COVID-19) Pandemic and to combat its adverse impact. In a statement issued to the press. Mr. Zahid Mazhar, Chairman – All Pakistan Textile Mills Association, Sindh-Baluchistan Region said that…
Pulses, edible oil imports stuck at port awaiting SRO
Karachi, April 07, 2020: Importers of pulses, edible oil and seeds said that they are unable to clear their consignments from the port because duty and tax relief related Statutory Regulatory Orders (SRO) have still not been issued. “On March 30, the government had decided on to bring advance tax on import of pulses to…
PICT goes digital with Standard Chartered at a time of crisis
Karachi, April 06, 2020: Standard Chartered Pakistan has collaborated with Pakistan International Container Terminal (PICT), to provide them an efficient Virtual accounts solution that has enabled them to continue their collection services in these times of social distancing and lockdown. The solution addresses PICT’s requirement for a proficient and reliable mechanism, that enables them to…