CY19 suggests resilience of banking sector to COVID-19 pandemic
Karachi, June 15, 2020: The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks, non-banking financial institutions, financial markets, non-financial corporate and financial market infrastructures. The FSR notes that the…
K-Electric generates 200pc expensive power than national grid: Document
Karachi, August 01, 2024: K-Electric’s Power Generation Cost 200% Higher Than National Grid Average: Document. A recent document reveals that K-Electric has been generating electricity at a cost 200% higher than the national average. In June, K-Electric’s generation cost exceeded Rs 58 per unit, compared to the national average of Rs 26.80 per unit. The…
Emirates set to fly UAE-based Pakistanis from Islamabad to Dubai on 21 May
Karachi, May 20, 2020: Emirates will operate a special flight between Dubai and Islamabad on 21 May to facilitate the repatriation of Pakistani citizens back home as well as a return of UAE-based Pakistani residents to Dubai. Flight EK612 carrying passengers from Dubai International airport will arrive in Islamabad at 16:30hrs on 21 May, while…
Pakistan Stock Exchange closed in green zone
Karachi, September 24, 2019: After 2 days of negative closing, Pakistan Stock Exchange (PSX) on Tuesday decided to play in the green region as it opened upwards before retracing its steps to make a low of -315 points. At the end of the day, KSE 100 managed to close positive, making a high of +141…