Business
Pakistan Stock Exchange lost 672 points
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…
P&G Pakistan announces export of Safeguard Soap to Europe
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…
CA declines sharply 32 pc in FY19
Islamabad, July 17, 2019: Pakistan’s current account deficit declined sharply 32 percent during the last fiscal year (FY19) due to regulatory reforms to cut the import bill. According to State Bank of Pakistan (SBP), Pakistan current account deficit was $ 13.587 billion in FY19 compared to $19.897 billion in FY18, showing a declined of $…
Sindh Bank & Summit Bank Under Attack
Karachi, July 17, 2019: Panic gripped among the customers and stakeholders of the two banks — Sindh Bank and Summit Bank — as the government ministers imposed allegation on the banks declaring them as Benami Banks developed purposefully for exercising money laundering. Customers of the two banks are getting worried from the serious level allegation…
Bus Fare Increased by 50 pc to 100 pc
Transport Mafia Using Fake Fare Lists to Fleece Commuters Karachi, July 16, 2019: For the second time within a year (from July 2018 to July 2019), the transport mafia in Karachi has raised bus fare by 50 percent to 100 percent per commuter per trip without any notification issued by the government. Following the increase…