Business
SBP decides to disclose significant enforcement actions
Karachi, August 6, 2019: Enforcement actions are an integral part of regulatory regime which involves imposition of monetary penalties and other actions against institutions and individuals for violations of laws, rules, regulations, guidelines or directives issued by SBP from time to time. In order to bring more transparency and strengthen market discipline, SBP has decided…
Weekend news flow became ominous for index
Karachi, August 5, 2019: Market lost 687 points in total and closed 486 points from Friday’s closing. Declining cement dispatches, Concerns raised by O&GMCs on RLNG intake and India’s amendment in its Parliament relating to Kashmir caused a major blow to Investor sentiment. Resultantly, Banks, Power, Steel, Cement, E&P, etc traded in red and contributed…
TDAP will participate with Pakistan Pavilion at Intersec 2020
Karachi, August 5, 2019: Trade Development Authority of Pakistan (TDAP) is providing subsidized stalls to increase the exports of personal protection equipment (P.P.E), corporate wear/uniform protecting clothing, gloves, workwear, foot protection, hand/arm protection, fire fighting equipment, rescue equipment, internet security, anti-virus software, anti SPAM filters, commercial and IT security, armored vehicles and its equipment. Each stand is available…
Agricultural credit target achievement in FY18-19
Karachi, August 5, 2019: Commercial Banks are failed to achieve agricultural credit disbursement target for the last financial year (FY2019). Agricultural credit target achievements in FY 2018-19 Banks made disbursements of Rs 1,174 billion or 94 percent against the ambitious target of Rs 1,250 billion set by the for 2018-19. According to the State Bank…
OGRA impose Ban on use CNG/LPG in public service vehicles
Islamabad, August 5, 2019: The Oil and Gas Regulatory Authority (OGRA) has advised a complete ban on the use of CNG/LPG as fuel and installation of gas cylinders in all public service vehicles (PSVs). In order to ensure the safety of passengers, save precious lives and to avoid unpleasant incidents/accidents. OGRA has further requested all…