Karachi, July 20, 2019: Considering the market dynamics, business environment and changes in way of doing business, the State Bank is in the process of revising the Foreign Exchange Manual in consultation with relevant stakeholders in a phased manner. The revision is mainly aimed at simplification of the existing instructions, adoption of best international practices,…
Karachi, July 19, 2019: Pakistan Stock Index oscillated ~650 during the session with +240 points and -408 points. The first session ended 240 points down and 49 million shares traded, whereas the second session saw a recovery in the index resulting in +240 points (unadjusted). News of State Enterprise / Market Opportunity Fund by State…
Karachi, July 19, 2019: Sindh Secretary Investment, Ahsan Ali Mangi along-with his team visited FPCCI Head office Karachi on the invitation of Engr. Daroo Khan Achakzai, President FPCCI for exchange of views on the investment prospects in Sindh province in a different sector, particularly in agriculture and livestock. The Session was attended by Senior Vice…
Karachi, July 19, 2019: Banking sector is most likely to witness robust growth during this fiscal year (FY20) supported by higher interest rates. According to JS Global, outperform stance on banks for CY19 on account of healthy profitability growth driven by recent monetary tightening (1QCY19 Net Interest Income growth: 25 percent YoY), which is expected…
Karachi, July 19, 2019: Prime Minister Imran Khan’s visit to the USA is being considered very important for Economy and Markets. Imran Khan is scheduled to meet US President Trump on 22nd July during his visit to the US from 21-23 July 2019. This will be Imran Khan’s first visit to the US since assuming…