Karachi, May 01, 2020: KSE 100 index gained 3.8 percent on WoW basis, this gain can largely be attributed to E&P sector, as the index heavy weight gained on the back of recovery in international crude oil prices. Expectation of lower inflation number for the month also kept the investor sentiment upbeat (CPI for April…
Karachi, May 01, 2020: Ismail Suttar, president Employers Federation of Pakistan(EFP) & chairman Economic Council has urged the Governor of State Bank of Pakistan, Mr. Reza Baqir to further reduce policy rate by 300 basis points. He maintained that the recent stimulus measures will not be sufficient and will exacerbate the prevailing recession. Businesses and…
Karachi, April 30, 2020: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March2020. However, in light of the current COVID-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection…
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Karachi, April 30, 2020: Nestlé Pakistan posted a revenue of PKR 29.8 billion, an increase of 2.6 percent compared to the same period last year, despite many difficulties emanating from COVID-19 crisis. Juices and water as well as products for out-of-home channel were severely impacted by the lockdown. In addition, Afghanistan border closure had a…