Business
Low gas pressure, disrupting production activities in site industries
Prime Minister Imran Khan to take notice of the situation. Suleman Chawla Karachi, December 18, 2019: Mohammad Suleman Chawla, President, SITE Association of Industry, expressed deep concern over low gas pressure in the site industrial area, due to low gas pressure industrial production activities have been hampered and timely fulfillment of export orders has been in…
Pakistan Stock Market increase 402pts today
Karachi, December 13, 2019: Market opened on a positive note today and took cue from higher international oil prices that caused PPL to hit upper circuit and OGDC to trade near upper circuit. Buying activity was mainly observed in Oil & Gas chain. Besides E&P stocks, SSGC and SNGP among O&GMCs also closed on upper…
SBP allows import advance payment facility for manufacturers against LCS
Karachi, December 12, 2019: State Bank of Pakistan (SBP) has allowed banks to make advance payment up to 50 percent of the value of imports against letter of credit for manufacturing concerns. Using this facility, manufacturing concerns will be able to import plant, machinery, spare parts and raw material etc. making payment in advance Earlier…
Overseas remittances surge over $9bln in 5 months of FY20
Karachi, December 11, 2019: Overseas Pakistani workers remitted $9.298.57 billion in the first five months (July to November) of FY20 compared with $9.281.94 billion received during the same period in the preceding year. During November 2019, the inflow of workers’ remittances amounted to $1.819.66 billion, which is 9.05 percent lower than October 2019 and 9.35…
PSX market traded in a narrow range
Karachi, December 10, 2019: Market traded in a narrow range oscillating between -184 points and +222 points. Activity remained relatively slow as compared with yesterday, but buyers were cautious of market correction, which was anticipated since last week. Autos, Steel, Cement and Banking sector stocks saw selling pressure. Vanaspati sector led the volumes with 30.5M…