Karachi, February 25, 2021: During January 2021, the country’s trade deficit declined by 15 percent MoM to US$2.3 billion, as per the SBP data. Receding import payments (down 12 percent MoM) were the primary reason for the lower trade deficit, where the petroleum group recorded the most significant decline (down 31 percent MoM), followed by…
Karachi, May 12, 2020: The 71st Annual General meeting of National Bank was held on May 12, 2020 through electronic means. The meeting that was initially scheduled to be held on April 24, 2020, was suspended till date due to the Covid-19 lockdown. The meeting was attended by all the members of the NBP Board…
Karachi, May 06, 2020: Cement despatches in the country have declined in April 2020 by 23.65 percent to 3.52 million tons from 4.61 million tons in April 2019 as both exports and domestic markets crashed, owing to the devastating impact of COVID-19. According to a statement issued by All Pakistan Cement Manufacturers’ Association (APCMA), the…
Karachi, April 03, 2020: As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports grew at lowest pace of 5.27 percent as the global markets are equally under pressure due to the same reason. According to the data of APCMA in March, the industry despatched 3.721…
Karachi, September 5, 2019: Pakistan Stock Exchange Thursday closed lower and index declined by 30 points. Analysts said that what started as a sign of recovery turned out to be a short lived spike. DGKC and MLCF that started the day on a positive note and saw upper circuit (DGKC) and close to upper circuit…