Karachi, July 13, 2019: During the week KSE-100 index declined by 518 points (1.51 percent WoW) and closed at 33,672 points index level. Imposition of huge taxes, crackdown against Benami properties, dispute between government and business community about taxes and further hike in the RLNG prices by 4 percent, these all elements have their negative consolidated…
Karachi, July 12, 2019: Pakistan Automotive Manufacturers Association (PAMA) released the latest auto sales data for Jun’19, portraying a drop of 2 percent MoM / 5 percent YoY to 17,561 units. The decline in sales can be attributable to religious holidays in the month of June and a significant increase in car prices due to…
Karachi, July 12, 2019: Yousuf Yaqoob, Chairman, Pakistan Weaving Mills Association (PWMA) has criticized the imposition of 17 percent sales tax on domestic weaving industry. According to PWMA Chairman, the imports of yarn without payment of sales tax by the export-oriented units (EOUs) through Indemnity Bonds and DTRE for exports will jeopardize the existence of…
Karachi, July 12, 2019: The Monetary Policy Committee of State Bank of Pakistan (SBP) will meet next week on Tuesday, July 16, 2019, at SBP Head Office Karachi to decide about monetary policy rate for the next two months. Governor SBP, Dr Reza Baqir, will unveil the decision of the MPC at a press conference…
Islamabad, July 11, 2019: The government is all set to perform groundbreaking of the much-delayed multibillion-dollar coastal oil refinery by end of this year with the confidence that the project, having the capacity to produce 250,000 barrels per day (BPD), would be completed within the scheduled time-frame. Pak Arab Refinery Limited (PARCO) has proposed to…