Economy
Improved farm economics boosting sectoral earnings
KARACHI, February 25, 2021: With the result season in full swing at the Pakistan Stock Exchange, different businesses linked to the agricultural economy have shown strong financial performance, depicting improved farm economics and robust agricultural growth. Despite the COVID-19 and locust attack challenges, the total industry sales of urea were around 5.95 million tons in…
APTMA rejects import of cotton yarn from India
Lahore, February 25, 2021: All Pakistan Textile Mills Association (APTMA) has out rightly rejected proposal of allowing import of Cotton Yarn from India. Zahid Mazhar, Sr. Vice Chairman APTMA, while commenting on the statements of Pakistan Hosiery Manufacturers Association and Pakistan Textile Exporters Association said that their narrative is not based on facts and they…
Pakistan Current Account in surplus during 1QFY21
Karachi, October 22, 2020: Pakistan Current Account (C/A) clocked in a surplus of US$73 million in Sept-2020 compared to a surplus of US$211 million in Aug-2020. This was the third consecutive month that Pakistan’s Current Account has recorded a surplus, taking 1QFY21 CA surplus to US$792 million compared to 4QFY20 deficit of US$286 million. The…
GoP to facilitate Foreign Investors: Advisor on Finance
Karachi, September 14, 2020: Advisor to PM on Finance Dr Abdul Hafeez Sheikh had an interactive session with foreign investors at OICCI on September 12th, during which he gave a comprehensive overview of the challenges faced by the economy in the past two years and how the GOP has successfully managed to stabilize the economy…
PSX up 3.6 pc WoW as investor confidence returns
Karachi, August 29, 2020: After a short correction, the KSE100 index of Pakistan Stock Exchange (PSX) was witnessed a rebound this week, posting a gain of 3.6 percent WoW to close at 41,056 levels. The market received an adrenaline rush after confidence expressed by local and global fund managers over the outlook of the local…