KARACHI, July 6, 2020: The State Bank of Pakistan (SBP) has enhanced scope of refinance facility to support health facilities. On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against Covid-19. Under this scheme, banks…
Hub (Baluchistan) , July 6, 2020: Hub industrial area is facing low gas pressure for the last few weeks and it is directly hurting the industrial production. Industrialists termed gas pressure fluctuations in Hub Industrial and Trading Estate (HITE) unbearable and said that manufacturers are already suffering due to severe economic down haul in the…
Karachi, July 6, 2020: Industrials have lodged strong protest over prolonged load shedding and allowing K-Electric to charge quarterly Fuel Cost Adjustment (FCA) of 2.89 rupees per unit. President of SITE Association of Industry Suleman Chawla has questioned the Economic Coordination Committee to clarify who is dearer to them: K-Electric or trade & Industry. He…
Karachi, July 6, 2020: Non-removal of anomalies put importers in trouble and they have expressed reservations over non-removal of budget anomalies by ignoring their recommendations and requested for a review Chemical importers have demanded to restore 2 pc income tax on commercial importers and withdraw the decision to increase the income tax rate to 5.5…
Karachi, July 06, 2020: Pakistan Stock Exchange (PSX) closed higher on first trading day of the week. On Monday KSE-100 index of went up 187 points during the session and made a comfortable close above 35200 level. E&P, OMC, Cement and Pharma sectors performed well. Although profit booking was also observed in Pharma sector. Fertilizer…