Economy
ECC okays amendments to hosts of laws to spur oil exploration, production
Islamabad November 27, 2019: Economic Coordination Committee (ECC) of the Cabinet has approved amendments to a host of rules governing the regulation of upstream petroleum sector to foster ease of doing business and encourage investment in the sector. The approval to amend nearly 18 rules dealing with approvals, extensions, renewals, revocations and other ancillary matters…
Urea Exports: Excellent opportunity to immediately bridge trade imbalance
Karachi, November 20, 2019: Commerce Secretary Sardar Ahmed Nawaz Sukhera recently asserted that the country’s exports cannot grow as per expectations until increase in export surplus is available. He was briefing the National Assembly Standing Committee on Commerce and Textile headed Naveed Qamar. “I think when Commerce Ministry is asked for exports (and rightly so),…
SBP releases annual report on State of Pakistan’s Economy
Karachi, October 30, 2019: State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in public…
KSE100 Profitability down by 4.7pc YoY during FY19
Karachi, October 01, 2019: Earnings of the KSE-100 index depicted a downturn of 7.4 percent YoY during 4QFY19. Based on sectoral weight, this was led primarily by Cements (-82 percent YoY; 5.4 percent weight), Power Generation & Distribution (-46 percent YoY; 6.5 percent weight), Food & Personal Care Products (-76 percent YoY; 3.2 percent Weight),…
Pakistan Stock Exchange closes on a positive note
Karachi, October 01, 2019: Pakistan equities closed Tuesday on a positive note with benchmark KSE100 Index gaining 175 points, closing at 32,254 levels, up 0.6 percent. Local bourse remained range bound throughout the session but saw brief positivity in the later hours of the trade. Cements were the major gainer in today’s trade where KOHC…