Business
Textile group exports increases 4.68pc in first five months of FY 2019-20
Karachi, December 27, 2019: Textile exports from the country during first five months of current financial year grew by 4.68 percent as compared to exports of the corresponding period last year. During the period from July-November 2019, textile worth US $ 5,763,614 million was exported as compared to the exports of US $ 5,506,045 million…
PSX index closed at an increase of 800pts
Karachi, December 26, 2019: Market moved up significantly by 820 points, primarily due to year-end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Buying activity was observed across the board, but focusing on Oil & Gas chain, including E&P sector stocks that showed OGDC trading near upper circuit. Similarly, price…
Curtailment in gas supply By 50pc is life-threatening for export-oriented textile industries
Karachi, December 26, 2019: Mr. Zahid Mazhar, Chairman, All Pakistan Textile Mills Association (APTMA), Sindh-Baluchistan Region has demanded the government to restore full supply of gas to the industries located in the province of Sindh and Balochistan as the industries in these provinces can’t operate and fulfill their export commitments at 50 percent load supply….
PSX market closed at an increase of 320pts
Karachi, December 24, 2019: Market oscillated between -553 points and +480 points today and closed the session +320 points. Market opened on a negative note with -51 points and extended the losses later. Investors remained cautious in buying in oil chain, but gradually gained momentum by session end, which saw OGDC trading near upper circuit….
SBP hosted SAARC Seminar
Karachi, December 24, 2019: Dr. Reza Baqir, Governor, State Bank of Pakistan during his inaugural address in a seminar on “Emerging Trends in Good Governance of Banking Sector” in SAARC countries highlighted the importance of efficient and robust governance structure in the banking industry for the sustainable economic growth of a country. Besides Pakistan, the…