Business
Overseas remittances surge over $9bln in 5 months of FY20
Karachi, December 11, 2019: Overseas Pakistani workers remitted $9.298.57 billion in the first five months (July to November) of FY20 compared with $9.281.94 billion received during the same period in the preceding year. During November 2019, the inflow of workers’ remittances amounted to $1.819.66 billion, which is 9.05 percent lower than October 2019 and 9.35…
PSX market traded in a narrow range
Karachi, December 10, 2019: Market traded in a narrow range oscillating between -184 points and +222 points. Activity remained relatively slow as compared with yesterday, but buyers were cautious of market correction, which was anticipated since last week. Autos, Steel, Cement and Banking sector stocks saw selling pressure. Vanaspati sector led the volumes with 30.5M…
PSX market closed on a negative note on monday
Karachi, December 9, 2019: Market opened on a positive note today at +72 points and 1.3 million shares traded at opening. The benchmark index went up by 184 points in the morning and largely traded in a narrow range for good part of the session. Near close of session market saw profit booking, which brought…
KINNOW export commences, export target set to 300k ton
Establishment of new orchards with new varieties can lead export enhancement to one billion US$. Karachi, December 7, 2019: Export of Kinnow from Pakistan has just commenced and an export target of 300,000 metric ton has been set for the current season which is expected to generate valuable foreign exchange of US$ 19.5 million. Of…
Cement sector posts 11pc growth in November
Karachi, December 04, 2019: The domestic cement in the first five months of this fiscal reached 16.854 million tons posting a positive growth of 2.91 percent while exports reached 3.608 million tons depicting a growth of 21.46 percent. Overall cement grew by 5.76 percent to 20.462 million tons. In November 2019, cement industry 3.538 million tons…