Business
SBP extends its relief package to borrowers availing loans under Refinance Schemes
Karachi, April 04, 2020: State Bank of Pakistan has continuously been reviewing the challenges arising out of the COVID-19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today. State Bank has allowed…
PSX market showing an increase of 839pts on Friday
Karachi, April 03, 2020: Market opened with a strong +488 points with traded volume of 5.1 million shares on the opening bell. Overnight skyrocketing performance of crude oil (which saw a jump of ~+35 percent), kept the sentiment strong and elevated till today, although international crude prices started correcting in the early hours. Positive vibes…
Consumption of domestic cement declined by 16.70pc in March
Karachi, April 03, 2020: As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports grew at lowest pace of 5.27 percent as the global markets are equally under pressure due to the same reason. According to the data of APCMA in March, the industry despatched 3.721…
Commercial Importers suffered from financial crisis
PCDMA seeks loans for 1 year to overcome liquidity crunch: Amin Yousuf Balgamwala Karachi, April 03, 2020: Amin Yusuf Balgamwala, chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director, Karachi Stock Exchange, has said that commercial importers are facing a severe financial crisis due to lockdown and the closure of trade and industry….
Pakistan stock market remain green on closing
Karachi, April 02, 2020: After yesterday’s pause, the Market again witnessed a huge stride of 1336 points, similar to what was observed day before yesterday. Jump in international crude prices by approx 10 percent believed to have given the impetus that the market saw today, which saw OGDC, PPL and POL trading at and near…