Economy
KMC forcibly imposing taxes on industries
NOC of SITE LTD and SITE Association should be acceptable for post-fire utilities restoration-President SITE Association Karachi, September 26, 2019: Saleem Parekh, President, SITE Association of Industry, has protested over threatening of industrialists of SITE area by the KMC officials to make payment of lacs of rupees in the name of Municipal Utilities Charges &…
Pakistan Stock Exchange loses 264 points
Karachi, September 25, 2019: Pakistan Stock Exchange continued trading in a narrow range between +39pts and -357pts and closed the session -264pts (-0.8 percent). International crude posted losses and the same had negative impact on local oil & gas listed chain from E&P to OMCs. PSO and PPL also had financial results today, which were mostly…
Pakistan’s Economy is expected to slow further – ADB report
Karachi, September 25, 2019: Foreign capital inflows are expected to increase foreign direct investment should revive as investors’ confidence is restored. Investor’s confidence to revive after government plans to implement IMF program. This should also help bring additional finance from multilateral institutions and other international partners along with the activation of a Saudi oil facility…
Pakistan Stock Exchange closed in green zone
Karachi, September 24, 2019: After 2 days of negative closing, Pakistan Stock Exchange (PSX) on Tuesday decided to play in the green region as it opened upwards before retracing its steps to make a low of -315 points. At the end of the day, KSE 100 managed to close positive, making a high of +141…
Pakistan Stock Exchange on decline
Karachi, September 23, 2019: Start of the rollover week saw Market taking negative direction and an overall decline of ~400 points during the session. Although international crude prices were at similar levels as observed at the end of last week, local oil & gas chain showed receding stock prices from E&P to OMCs. Resultantly, OGDC,…