Karachi, July 19, 2019: Banking sector is most likely to witness robust growth during this fiscal year (FY20) supported by higher interest rates. According to JS Global, outperform stance on banks for CY19 on account of healthy profitability growth driven by recent monetary tightening (1QCY19 Net Interest Income growth: 25 percent YoY), which is expected…
Islamabad, July 19, 2019: The fertilizer industry has voluntarily held back the impact of recent gas price increase, in order to prevent backlash of recent gas price hike from farmers. This was agreed on request of Advisor Industries, Razzaq Dawood. The Advisor has assured the industry about the settlement of GIDC effective 01 July to…
Islamabad, July 18, 2019: The fertilizer industry has asked the federal government for immediate settlement of GIDC. The fertilizer industry, in order to prevent an adverse situation that could cause Government serious problems, has been providing its major contribution towards the employment and the national exchequer. It fully supports the Government nonetheless anticipates that to…
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…
Karachi, July 18, 2019: Safeguard, a renowned P&G brand and one of Pakistan’s leading anti-bacterial soaps, is now being exported to over 20 European countries from Pakistan. Safeguard takes pride in being 100 percent locally manufactured to serve the Pakistani market whilst maintaining high-quality global standards. The export of Safeguard from Pakistan is estimated to contribute…