Business
SBP keeps policy rate unchanged at 13.25 pc
Karachi, September 16, 2019: The Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to leave the policy rate unchanged at 13.25 percent, at its meeting on 16th September 2019. The meeting was chaired by Governor State Bank of PakistanDr Reza Baqir. According to monetary policy statement, the decision reflected the MPC’s view…
Home remittances posts decline of US$ 348mln monthly
Karachi, September 13, 2019: Overseas Pakistani workers remitted US$ 1,690.9 million in August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on a month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect. On workers’ remittances stood at US$ 3,730.2 million during Jul-Aug FY20…
Pakistan Stock Exchange closed lower
Karachi, September 13, 2019: Market traded in a narrow range on Friday between +83 points and -267 points with a total volume of 103 million shares. Mixed trend was witnessed in E&P scrips that brought the index in red zone. Cement and Steel sector scrips also made positive moves with ASTL and MUGHAL hitting upper…
August Car Sales at 62 months low; down by 41pc YoY
Karachi, September 12, 2019: Pakistan car sales continued its downward trend and witnessed decline of 41 percent YoY during Aug 2019 which is mainly attributable to, higher auto prices post rupee devaluation, less no of working days amid Eid, overall economic slowdown. The major contributor to industry decline was HCAR, down by 67 percent YoY, followed…
Positive sentiments at Pakistan Stock Exchange
Karachi, September 12, 2019: The benchmark index witnessed positive investor sentiment in Thursday session, making an intraday high of +892 points to close at 31,547 levels, +592 points above yesterday’s close. Volumes improved as 186 million shares were traded in the market as compared to 100 million shares in the previous trading session. KEL (+4.9…