Karachi, March 28, 2020: The Jack Ma Foundation and Alibaba Foundation today announced that the second batch of shipment of donated medical supplies, including testing kits and other medical equipment, arrived in Pakistan. This is in addition to previous batch, which landed in Pakistan on 25th March. The National Disaster Management Authority, Government of Pakistan…
Karachi, March 24, 2020: At its last meeting on 17th March 2020, the Monetary Policy Committee (MPC) noted considerable uncertainty about how the Coronavirus outbreak would impact the global economy and Pakistan. In the statement issued following that meeting, the MPC “emphasized that it stood ready to take further actions if and when needed as…
Karachi, March 24, 2020: First session in lockdown saw a wait-and-see stance at large from investors and an eventual slump in stock prices to lower circuit breakers. The market witnessed the 7th halt, which lasted 2 hours, and further shortened the already reduced market timings. Post halt, index continued trending down and saw the plunge…
Karachi, March 24, 2020: We live in a world that is dependent greatly on technology. In contemporary times, mankind’s socioeconomic needs are also assisted by technology. Digital communication due to modern technology has indeed revolutionized the way humans conduct their daily routine. Mobile and Cellular services are at the core of this digital ecosystem since…
Karachi, March 23, 2020: In view of the fact that banks and stock market are vital instruments of country’s financial system, the Securities and Exchange Commission of Pakistan (SECP) has announced that the all Capital Market entities would be operational on Tuesday, March 24. SECP has issued directive to open Stock market at 11am in…