Business
PSX on Tuesday went down by 147pts
Karachi, August 6, 2019: Pakistan Stock market on Tuesday initially went down by 147 points and reverted the loss by +300 points to post gain of 149 points. However, the session ended in bearish territory at -183 points (unadjusted). Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other…
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…