Business
Pakistan Energy Sukuk-2 of Rs 200bln to be released soon
Karachi, January 21, 2020: After the approval by the ECC yesterday, we expect the Energy Sukuk-2 of Rs200 billion to be released soon, as the meeting with IMF starts on Feb 3, 2020. The payment will be directed towards the power sector (i.e. Gencos, Hub Power, Kot Addu Power, Nishat IPPs, AES IPPs etc.), we…
PSX market show more decline in 121pts
Karachi, January 21, 2020: Market continued facing downward pressure with the benchmark index slipping 409 points after registering an increase of 218 points earlier in the session. PSO, among oil & gas plays and FFBL, among Fertilizer, contributed positively to the index, however, selling in Cement, Steel, E&P and Refinery sectors faced selling pressure, whereas…
PSX index decline 420pts on Monday
Karachi, January 20, 2020: First day of the change in circuit breaker met with an overall negative performance on the bourse. After an initial surge of 135 points, market largely remained under selling pressure throughout the session and went down by 535 points during the session. MoC showed recovery of around 100pts from day’s low…
Govt. should take steps to stop sugar delivery to Afghanistan
Fears of a potential sugar crisis, wholesale grocers ask to stop sending from borders. Karachi, January 20, 2020: Karachi Wholesalers Association (KWGA), ask to stop delivery from borders and expressing concern over fears of a potential sugar crisis. In a statement Anis Majeed, patron in chief, Malik Zulfiqar Ali, chairman KWGA, suggested that sugar delivery…
PM likely to distribute loan cheques in Sindh on Jan 27
Islamabad, January 20, 2020: Prime Minister Imran Khan is expected to distribute loan cheques among the successful applicants of the Youth Entrepreneurship Scheme (YES) from Sindh on January 27. The cheque distribution ceremony of the YES – a component of Kamyab Jawan Programme – would be held in Sindh by end of this month, Special…