Business
Biggest weekly decline at PSX since 2008/09
Karachi, March 21, 2020: Although the word ‘bloodbath’ has been used quite liberally in recent times, in its literal sense, few occasions would justify its true application. However, after what has happened this week at the local bourse, we wouldn’t begrudge anyone for using this adjective to describe events that transpired. The KSE-100 plunged by…
SBP takes measures to support exporters affected by loss of demand due to COVID-19
Karachi, March 20, 2020: SBP has a strategic objective to support exports for sustained improvement in Pakistan’s balance of payments and growth. To this end SBP provides refinance to banks to provide cheap credit at interest rates that vary between 3 to 6 percent to exporters for working capital and new projects under Export Finance…
Pakistan Stock market closes higher
Karachi, March 20, 2020: Some value buying was observed on the last trading session of week, as investor confidence improved following rebound in international markets and increase in oil prices. KSE 100 index gained 1.78 percent to close at 30,667 level. E&P sector led the market to close 7 percent higher. KEL led the volumes…
IMC Launches Toyota Yaris in Pakistan
Karachi, March 19, 2020: Indus Motor Company (IMC), manufacturer of Toyota vehicles in Pakistan, announced the launch of the all-new Toyota Yaris at an attractive price starting at PKR 2.349 million. The company commenced bookings of its new vehicle on 19th March 2020. Staying true to its focus on continuous improvement and high level of…
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…