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KSE100 index up 3.2 pc WoW

KARACHI, July 12, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued previous week’s gains, closing this week 3.2 percent WoW up at 36,190 levels. Decline in active COVID-19 cases and materialization of inflows from International Financial Institutions in the country kept investor sentiments upbeat, which also reflected in improving participation. According to JS,…

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PTI reduced Markup rate for Kamyab Jawan Scheme

KARACHI, July 10, 2020: The PTI government has decided to reduced the markup rate for the Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) to increase it’s disbursement. Accordingly, following the directives of the federal government, the State Bank of Pakistan has revised the key features of the Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme…

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Pakistani app win Google Contest

Karachi: 10 th July, 2020: WorthyWalk, an app available on Google Play since December 2019 was ranked among the top ten global winners from more than 400 submissions from around the globe by Google Developer Student Club (DSC) students from 69 countries. Google hosts a DSC challenge every year to nurture talent by inviting student…

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US making effort to boost Pak-Afghan trade

Islamabad, July 09, 2020: Private sector representatives from Pakistan and Afghanistan met on July 8 to boost prosperity and create jobs in both countries.  The participants in this U.S. government-facilitated event addressed a range of trade issues between the two countries that have held back growth of the cross-border economy. The “Pakistan-Afghanistan Bilateral Trade – Private Sector Perspectives, Strategy…

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Pandemic hurts domestic demand and recession hits exports

Economic analysis reveals the impact on Pakistan’s employment and confidence Karachi, July 09, 2020: ACCA’s Q2 Global Economic Conditions Survey (GECS) published today, reflects the scale of the global recession now under way. Globally, employment indices plummeted to record lows in the latest survey, consistent with the most severe recession in decades. Pakistan is heading…

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