Economy
KSE 100 index lost 247pts
Karachi, August 21, 2020: KSE 100 continued its negative momentum as the index lost 247 points to close at 39,622 level. Index declined to make an intraday low of 628 points which was attributed to news on few media outlets that approval has been granted to sell 7 percent and 10 percent government stake in…
Projects approved for Hi-Speed Mobile Broadband in unserved areas
Islamabad: August 13, 2020: Universal Service Fund (USF) BOARD has approved projects to provide Hi-Speed Mobile Broadband In Balochistan and Sindh. Federal Secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui chaired 73rd Board of Directors meeting of Universal Service Fund (USF) on Thursday. The Board approved award of contracts to PMCL (Jazz), CMPAK (Zong)…
Coca-Cola supports small shopkeepers as Government opens up economy
Karachi, August 10, 2020: The National Coordination Committee (NCC) on COVID-19 has decided to lift restrictions on various business sectors, including tourism, restaurants, transport including air and rail travel and a few others. This shift in policy has come about in light of the declining number of COVID-19 cases in the country. One of the…
Macroeconomic improvement minimizes looses of COVID-19 in Pakistan
KARACHI, July 30, 2020: The Pakistan’s Central Bank has said that successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak. The State Bank of Pakistan has released its Third Quarterly Report FY20 on…
Banking scrips impetus to rally at PSX
KARACHI, July 27, 2020: The KSE-100 index f Pakistan Stock Exchange (PSX) closed at 38,221 points as against 37,608 points showing increase of 614 points. Following SBP’s decision to defer Monetary Policy for next 2 months, gave banking scrips the much needed impetus to rally. Anticipation of further rate cut died with SBP’s decision and…