Business
Govt. announces incentives for setting up shipping lines in Pakistan
Karachi, November 28, 2019 : The Ministry of Maritime Affairs has announced various incentives for foreign shipping companies for setting up private shipping lines and its operations located in Pakistan. According to the officials, the incentives will be given in terms of duties and taxes that will be waived off for the period of the…
PSX witnessed positive investor sentiment in today’s session
Karachi, November 28, 2019: The KSE-100 Index witnessed positive investor sentiment in today’s session, making an intraday high of +724 points to close at 38,706 level, 583 points above yesterday’s close. Volumes improved as 348 million shares were traded in the market as compared to 228 million shares in the previous trading session. UNITY (+3.3…
FPCCI shows concern over the declining of private sector credit
Karachi, November 27, 2019: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) showed his serious concern over the declining of private sector credit by Rs 4.1 billion in the first four-month of the current fiscal year. He stated that the declining demand for private sector credit is…
Commercial Banks should eradicate their reluctance to lend to SMEs
Islamabad, November 27, 2019: The recent conference on SMEs in Islamabad was a great effort to recognize the SMEs of Pakistan, redress their grievances, address their issues like unemployment / easy access to finance and strengthening the coordination between SMEs and Authorities, stated Ateeq Ur Rehman (Economic and Financial Analyst. He said Pakistan’s SME contributes…
PSX index took sharp turn after SC suspended extention of COAS
Karachi, November 26, 2019: Bulls dominated the early hours on the PSX as the benchmark KSE-100 index touched an intraday high of +355 points, however the index took a sharp turn on the back of news that Supreme Court of Pakistan suspended the notification confirming the extension of Chief of Army Staff General Qamar Javed…