Karachi, June 01, 2020: The Visa Foundation announced last week its approval of $8.8 million of its $10 million in COVID-19 relief grants to organizations supporting the frontline response to the global pandemic and providing critical services for vulnerable households such as public health and food relief. In Pakistan,$200,000 has been granted to Akhuwat to…
Karachi, June 01, 2020: As per the Pakistan Bureau of Statistics (PBS), CPI for the month of May’20 clocked-in at 8.22 percent YoY (in line with expectations) compared to 8.38 percent YoY in May’19 and 8.53 percent in Apr’20, respectively. According to Arif Habib Securities, this took the 11MFY20 average inflation to 10.94 percent against…
Karachi, June 01, 2020: Market traded in a narrow range today between +131 points and -111 points closing the session +90 points. E&P, Banking scrips largely remained positive, whereas Cement, Fertilizer and Pharma stocks faced selling pressure. Diminishing prospects of a further rate cut caused investor to shift focus on other sectors. Today’s release of…
Karachi, June 01, 2020: Some 69 bodies of deceased passengers of PIA’s plane A-320 have been identified after the DNA test. According to PIA, the process of identification and handing over of bodies of deceased passengers continues and till Saturday evening 69 bodies were identified and 63 handed over to the families. PIA transported 06 bodies …
Karachi, May 31, 2020: One of the world’s leading airline Emirates has decided to layoff a number of the workforce due to the COVID-19 pandemic crisis in the aviation industry. Emirates Airline in a statement said that in this difficult time the airline has decided to say goodby to some of the people. Emirates spokesperson…