Business
Pakistan Stock Exchange closed at an increase of 39pts
Karachi, December 30, 2019: During the session market went up by 447 points, however, MoC saw erosion of all the gains and Index slipping by 33 points. Selling pressure was mainly observed in Banking and E&P sectors. Trading activity was mainly tilted towards year end closing activity, which propped up price of ENGRO, LUCK, HUBC…
Inflation rate to be eased to 5pc in medium-term
Karachi, December 30, 2019: The government is doing much better than the International Monetary Fund projection with respect to most of the macroeconomic indicators including inflation rate which is expected to come down to around 5 percent in the medium term, spokesman of ministry of finance said. With regard to inflation outlook, IMF has lowered…
PSX index closed on a negative note
Karachi, December 27, 2019: Market moved both ways during the day with +162 points and -401 points, ending the session at -279 points. Month end closing met anticipated flows from institutions that created selling pressure on the bourse. O&GMCs, E&P, Power and Cement sectors remained under pressure, and even though MLCF managed to hit upper…
Poultry sector hits an All-Time low in 2019
Karachi, December 27, 2019: The year 2019 has turned out to be another low-growth year for Pakistan’s poultry sector, which is at its all-time low, owing to various tax anomalies and the unfriendly export environment, as even those poultry businesses in Pakistan running state-of-the-art units now find it difficult to carry on. In the year 2019,…
Pharmaceutical goods’ export increase over 8pc in 5 months of FY 2019-20
Karachi, December 27, 2019: The exports of pharmaceutical product during the first five months of financial year (2019-20) grew by 8.66 percent as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $92.714 million during July-November (2019-20) as against the exports of $85.323 million during July-November (2018-19), showing…