Islamabad, May 22, 2019: The government has reported 3QFY19 Budget Deficit at 2.3 percent of GDP, which is higher than the Budget Deficit reported in the corresponding period last year (2.1 percent of GDP). Budget deficit turned on higher side mainly on the back of incremental debt servicing. Overall expenditures up by 14 percent YoY,…
Karachi, May 21, 2019: Thar Foundation held the first tri-lingual Spellathon for the school children of all Thar Foundation managed schools in Tharparkar, 72 school students between the ages of 04 and 14 from 06 campuses of Thar Foundation competed with one another in a spelling competition to show off their spelling skills. The tournament…
Jeddah, May 21, 2019: Saudi Arabia’s airforces intercepted two ballistic missiles on Monday, including one heading for Makkah and the other for Jeddah, Al Arabiya reported, citing eyewitnesses. The weapons were fired by Houthi militants from Yemen, the report said. The kingdom’s air defense forces destroyed the ballistic missiles over Taif. Saudi authorities are yet to issue…
Tuesday, May 21, 2019: President Donald Trump has issued an executive order that effectively bans US companies from using any telecoms equipment manufactured by China’s Huawei. The White House said the order declared a “national emergency” in relation to threats against US telecommunications and authorized the US commerce secretary to “prohibit transactions posing an unacceptable…
Karachi, May 20, 2019: Pakistan Stock Exchange closed higher on Monday. KSE100 index showed first signs of recovery and that too on a day when SBP is scheduled to announce monetary policy and layer announced a 150bps hike, however, the market seems to have incorporated it already. Buying activity was observed in index heavyweights after…