Islamabad, July 21, 2020: Output of Pakistan’s Large Scale Manufacturing Industries (LSMI) decreased by 10.3 percent during the first eleven months of the last fiscal year (FY20). Latest data released by Pakistan Bureau of Statistics (PBS) revealed that LSMI output witnessed a decrease of 25 during May’20 primarily on account of easing of the nation-wide…
Karachi, April 21, 2020: Market opened -478 points today and continued the descent throughout the session, which extended to -1199 points by the end of session. The benchmark index closed -1078 points. Concerns raised by IMF over G20 debt relief, announced last week by the Government, as well as hinting higher than expected inflation with…
Karachi, April 21, 2020: Large scale manufacturing (LSM) contracted by 1.15 percent YoY during the month of Feb-2020, compared to a decline of 5.96 percent YoY in Jan-2020. On MoM basis, LSM contracted by 0.91 percent. After this month, LSM decline in 8MFY20 amounted to -3.03 percent YoY. The decline in LSM was relatively muted…
Karachi, September 25, 2019: Pakistan’s Trade deficit in Aug-2019 declined by US$700 million (30 percent) YoY as imports declined by 22 percent (US$982 million) YoY while exports saw a 14 percent (US$281 million) dip over the same period. This shrinking of the import-bill can be traced back to significant declines in imports of petroleum products…
Karachi, September 25, 2019: Pakistan Stock Exchange continued trading in a narrow range between +39pts and -357pts and closed the session -264pts (-0.8 percent). International crude posted losses and the same had negative impact on local oil & gas listed chain from E&P to OMCs. PSO and PPL also had financial results today, which were mostly…