Business
PSX market closed at an increase of 320pts
Karachi, December 24, 2019: Market oscillated between -553 points and +480 points today and closed the session +320 points. Market opened on a negative note with -51 points and extended the losses later. Investors remained cautious in buying in oil chain, but gradually gained momentum by session end, which saw OGDC trading near upper circuit….
SBP hosted SAARC Seminar
Karachi, December 24, 2019: Dr. Reza Baqir, Governor, State Bank of Pakistan during his inaugural address in a seminar on “Emerging Trends in Good Governance of Banking Sector” in SAARC countries highlighted the importance of efficient and robust governance structure in the banking industry for the sustainable economic growth of a country. Besides Pakistan, the…
Rs 100 bln allocates for Kamyab Jawan Programme to facilitate one million youth
Islamabad, December 24, 2019: An amount of Rs100 billion has been allocated for “Kamyab Jawan Programme” to facilitate one million youth across the country. According to an official PMYAP said this unique and ambitious programme aimed at providing soft loans to youth of the country and creating job opportunities for them with having follow up…
Pakistan equities closed Monday on a negative note
Islamabad, December 23, 2019: Pakistan equities closed Monday on a negative note with benchmark KSE100 Index shedding 825 points, closing at 40,008 level, down 2.0 percent. The market remained lackluster throughout the trading session after a hectic sell-off being observed. Moreover on the political front Indian and Pakistani troops exchanged fire in some areas along…
BASF construction chemical business sold at €3.17bln
Karachi, December 23, 2019: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the…