Islamabad, April 22, 2020: The Covid-19 crisis will out of necessity give rise to a new world order based on review of policies and strategies, and reorientation of survival concepts and doctrines. Pakistan cannot afford to remain oblivious to this transformation and will have to align itself with the altering world and swiftly change the…
Karachi, April 22, 2020: Cement industry clocked in sales of 3.7 million tons during Mar’20 against 4.3 million tons SPLY, down 14 percent YoY. However, for 9MFY20 dispatches were up by 7 percent YoY. The 9MFY20 increase in numbers is attributable to double digit growth of 25 percent in exports, along with local dispatches posting…
Karachi, April 22, 2020: Tumbling international crude prices, especially that of Brent (traded below US$ 16/bbl briefly), caused the damage to investor sentiment Wednesday. Pre-open session saw oil & gas (E&P and OMC) stocks with heavy volumes on offer. Market opened on a negative note and saw a loss of 529 points during the session….
Karachi, April 22, 2020: Federal B Area Association of Trade & Industry (FBATI) strongly requests the Federal Government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears and provide relief to the industries, a statement said on Wednesday. Mr. Abdullah Abid, President and Mr. Masroor Alvi chairman sub-committee FBATI, reiterated that while K-Electric had deferred…
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…