Business
PSX index closed with an increase of 5pts
Karachi, January 30, 2020: Market dipped again by 351 points during the session, but staged a recovery and closed the session +5 points. LUCK’s result at the opening bell, brought some relief to the sellers in past couple of sessions in which LUCK came down from ~500. LUCK’s price rebounded after touching day’s low of…
KATI sees higher policy rates as a hurdle for industrialization
Karachi, January 30, 2020: President of Korangi Association of Trade & Industry (KATI) Sheikh Umer Rehan termed higher policy rate as one of the biggest hurdles in the way of industrialization in the country. He was addressing a seminar on SMEs arranged by Dubai Islamic Bank at KATI. He said that industrial community has learnt…
Compliance with FATF not to hurt CDNS’ business
Islamabad, January 28, 2020: Ministry of Finance clarifying a news report captioned as “National Savings and FATF” which published in the section of the press on Monday said the contents of the news report as published by the media were likely to be misconstrued by the account holders and clients of the Central National Saving…
PSX index closed at an increase of 126pts
Karachi, January 24, 2020: Market recovered some losses made earlier during the week and closed the session +126.08 points. During the session, the index swayed from -256 points to +200 points. Cement sector gained both in volume and value, with KOHC hitting upper circuit and healthy buying activity observed in Cement heavy weights including LUCK,…
HSFO Being Exported Today To Asia From Keamari
Karachi, January 24, 2020: Pakistan’s most innovative Oil Company, Byco Petroleum Pakistan Ltd. has always been at the forefront of innovation in the refining and petroleum eco-system.Paving the way for modernization, Byco has become the first company in Pakistan to export High Sulfur Furnace Oil (HSFO). This is potentially a solution to the long-standing problem…