Karachi, April 6, 2020: The Pakistan Stock Exchange (PSX) closed lower on the first trading day of the week. The market opened on a positive note this morning but came under the hammer nose diving 1,118 points to finally close at 30,579 levels, down 3.3 percent. Overall market remained bearish with low volumes and limited…
Karachi, April 04, 2020: Following a 3-week rout of the KSE-100 Index, the bourse finally rebounded this week with a 12.5 percent return WoW – highest ever weekly return. Optimism in the bourse was sourced from the federal government announcing a series of measures to mitigate risks to the economy from the COVID-19. Banks and…
Karachi, April 04, 2020: The Textile Manufacturers & Exporters Associations laud the relief provided by the Government under State Bank of Pakistan Refinance Scheme to dampen the effects of COVID-19 which will help and benefit the industries who are availing such refinancing in terms of the continued liquidity and flexible credit borrowing. Downward revision of…
Karachi, April 04, 2020: The worker’s bodies and trade unions have welcomed the decisions of the federal government to provide incentive package and declaring the construction as industry and demanded the Prime Minister Imran Khan to provide the workers of construction sector the same facilities of industrial workers including their registration under various labour laws…
Karachi, April 04, 2020: State Bank of Pakistan has continuously been reviewing the challenges arising out of the COVID-19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today. State Bank has allowed…