Karachi, July 8, 2019: The Pakistan Stock Exchange decline deepened Monday, with the KSE-100 Index sliding 447.34 points, to settle at 33,742.68. Market is pricing in the harsh reality that the economic slowdown is more likely to linger than quickly be resolved. Selling was seen across the board with Cements, E&P, and Banks contributing the…
Karachi, July 8, 2019: Provisional fertilizer offtake for the month of Jun’19 indicates that urea sales witnessed an increase of 8 percent YoY and 11 percent MoM to 659k tons. Cumulatively, urea sales surged by 6 percent YoY to 2.9 million tons during 1HCY19. According to Arif Habib Limited, In particular, FFC and FFBL’s cumulative…
Islamabad, July 8, 2019: Prime Minister Imran Khan Friday launched the National Poverty Graduation Initiative here to steer the poorest household out of poverty by providing them interest-free loans, assets transfers and vocational and skills training. I was delighted to launch the National Poverty Graduation Initiative, one of the several initiatives we will launch under…
Karachi, July 8, 2019: Total Deposits in Jun-2019 clocked in 11 percent / 7 percent YoY/MoM higher at Rs14.46 trillion, boosted by (1) seasonal year-end targets, (2) funds from Asset Declaration Scheme and (3) prize bond registration. M2 growth clocked in at 12 percent YoY, where NDA registered 20 percent YoY growth. Advances recorded a…
Karachi, July 6, 2019: This week trading commenced on a positive note as investors rejoiced the 3-day extension in Tax Amnesty Scheme as well as finance bill approval in the parliament. Furthermore, the first tranche of the USD 500 million received from Qatar along with loans arranged from syndicated Banks and World Bank aided foreign currency reserves….