Beijing, April 24, 2020: Pakistan battle against the new coronavirus pandemic will enter the most critical moment during the upcoming holy month of Ramazan, Zhou Rong, a senior researcher at Chongyang Institute of Finance at Renmin University of China said on Thursday. A few days ago, at the request of the religious figures, the Pakistani…
United Nations, April 24, 2020: An important United Nations forum Thursday called for addressing the debt burden threatening the economic collapse of coronavirus-hit developing countries, as UN leaders underlined the call by Pakistan Prime Minister Imran Khan for a global initiative for debt relief. The Financing for Development (FfD) Forum of the United Nations Economic…
Karachi, April 23, 2020: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. The management has responded well during this time of crisis and has taken necessary steps to ensure long term sustainability…
Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…
Karachi, April 22, 2020: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support the economic activities in…