Karachi, April 14, 2020: The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased,…
Islamabad, April 13, 2020: Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing number of the Bank’s customers. The agreement is part of Mastercard and the Bank’s commitment to bring innovative payment solutions to more people across the Middle East…
Karachi, April 13, 2020: The Chairman Pakistan Soap Manufacturers Association (PSMA) Zafar Mehmood said that Soaps and hand sanitizers are the only products that have been found effective for protection against the spread of coronavirus. Owing to rapid spread of Covid19, the global demand of general consumer goods has decreased substantially. Resultantly, Pakistan’s exports are…
Karachi, April 13, 2020: The stock market opened on a negative note this morning and made an intraday low of 1,105 points before closing at 31,033 levels, down 3.1 percent. Overall market remained bearish with slightly better volumes but limited participation. On the economic front, the Planning Commission estimates that the ongoing coronavirus pandemic could…
Karachi, April 13, 2020: Auto sales plunged by 70 percent YoY in Mar-2020 to 6,922 units, lowest monthly sales in over a decade, thanks mainly to production halts amid COVID-19. Pak Suzuki (PSMC) posted an 81 percent YoY drop in volumes during the month, with Alto sales dropping to a record low 884 units and…