Karachi, July 18, 2019: Federal Minister for Aviation Ghulam Sarwar Khan has said that Pakistan Civil Aviation Authority has suffered a loss of Rs 8.5 billion, owing to air space restrictions since February 2019 in the wake of aftermaths of Indian transgress; but this closure hit Indian Aviation drastically hard as compare to Pakistan; he…
Karachi, July 18, 2019: The State Bank of Pakistan has announced the designation of D-SIBs for the year 2019 under the Framework for Domestic Systemically Important Banks (D-SIBs) that was introduced in April 2018. The framework introduced by the State Bank is consistent with the international standards and practices and takes into account the local…
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…
Karachi, July 18, 2019: Safeguard, a renowned P&G brand and one of Pakistan’s leading anti-bacterial soaps, is now being exported to over 20 European countries from Pakistan. Safeguard takes pride in being 100 percent locally manufactured to serve the Pakistani market whilst maintaining high-quality global standards. The export of Safeguard from Pakistan is estimated to contribute…
Islamabad, July 17, 2019: Pakistan’s current account deficit declined sharply 32 percent during the last fiscal year (FY19) due to regulatory reforms to cut the import bill. According to State Bank of Pakistan (SBP), Pakistan current account deficit was $ 13.587 billion in FY19 compared to $19.897 billion in FY18, showing a declined of $…