Business
Stock market observes bullish trend
Karachi, September 11, 2019: Pakistan Stock Exchange (PSX) on Wednesday observed a bullish momentum throughout the day making an intraday high of +553 points, where KSE-100 index closed at 30,955 levels (+488 up). Major positive contribution came from the Oil sector, on the back of rising oil prices on global expectations of output cuts. POL…
Govt releases Rs76 million for ITTMS project
Islamabad, September 7, 2019: The government has released an amount of Rs76 million for the development of Integrated Transit Trade Management System (ITTMS) being developed under the Asian Development Bank (ADB) Regional Improving Border Service Project. The project envisages establishment of state-of-the-art facilities at Wagah, Torkham and Chaman border crossing points, official sources said adding…
Coal handling at port qasim
Karachi, September 6, 2019: Since July 2018 on the directives of Honorable Supreme Court all imported coal is being handled at Port Qasim Authority. Pakistan imports coal in access of 13- 14 million tons per annum and almost 80 percent of the quantity is transported to upcountry as an energy fuel to different industries including…
Pakistan stock exchange witnesses short trading day
Karachi, September 6, 2019: Pakistan Stock Exchange witnessed a short trading day, which is marked to signify the importance of Defence Day and Solidarity with Kashmir, ended on a positive note. Early on, selling pressure was evident across the board mainly due to negativity created by rumour of Rights issue by Cement sector companies. However,…
Macroeconomic imbalances impacted some segments of financial sector review CY19
Karachi, September 5, 2019: The State Bank of Pakistan (SBP) has issued today its flagship annual publication viz. Financial Stability Review (FSR) for the calendar year 2018. The Review presents performance and risk assessment of various segments of the financial sector including banking, non-banking financial institutions, financial markets, exchange companies, non-financial corporates and financial market…