Karachi, April 16, 2020: In light of this reduction in growth and inflation expectations, the Monetary Policy Committee of the State Bank of Pakistan has decided at its emergency meeting today, to cut the policy rate by a further 200 basis points to 9 percent. At its last meeting on 24 th March 2020, the…
Karachi, April 16, 2020: Market traded in a narrow range today between +205 points and -226 points, and closing the session +87 points. Yesterday’s PIB auction that resulted in normalization of yield curve and declining of yields gave good reasons for investors to come back to equities. However, weakening oil fundamentals kept the investors in…
Karachi, April 16, 2020: President Federal B Area Association of Trade & Industry, Karachi Abdullah Abid have appreciated the steps taken by State Bank of Pakistan in providing relief to industries for payment of salaries & wages to their workers and employees. He said that on behalf of our association would like to thank you…
Karachi, April 16, 2020: Patron in Chief SM Muneer and President of Korangi Association of Trade & Industry(KATI) Sheikh Umer Rehan has welcomed the decisions of Federal and Sindh government regarding resumption of Industrial and business activities during extended lockdown due to preemptive measures for Covid-19 pandemic. SM Muneer said that we fully support the…
Islamabad, April 16, 2020: NAPHDA (Naya Pakistan Housing and Development Authority) and HBL’s Islamic Banking arm have signed a Memorandum of Understanding (MOU). The MOU was signed in Islamabad by Lt. Gen. Anwar Ali Hyder, (Retd) Chairman NAPHDA and in Karachi by Mr. Muhammad Aurangzeb, President & CEO – HBL. HBL is the first bank…