Karachi, July 10, 2019: Overseas Pakistani workers remitted the US $21.85 billion during FY19 showing a growth of 20 compared with the US $19.9 billion received during the same period in the preceding year. Pakistan is already facing a balance of payment crisis and it needs massive external inflows to overcome from this crisis. Home…
Karachi, July 10, 2019: National Commission for Human Development (NCHD), Islamabad and Organization for Social Development Initiatives (OSDI), a Karachi based Social Policy Think Tank, have signed a memorandum of understanding (MoU) to collaborate and work together for poverty alleviation and sustainability creation in the rural areas of Pakistan. Both the organizations have mutually agreed…
Karachi, July 10, 2019: Major development on the economic front as Pakistan on Wednesday morning received one billion dollars from International Monetary Fund (IMF) as the first tranche of a bailout package for balance of payment support. State Bank of Pakistan’s spokesman has confirmed that SBP has received IMF First Tranche of $991.4 million which…
Karachi, July 9, 2019: Engro Powergen Thar (Private) Limited (EPTL) – a majority-owned Company of Engro Energy – and Sindh Engro Coal Mining Company (SECMC) – a joint venture of Engro Energy with the Government of Sindh and other corporate partners – have successfully declared the Commercial Operations Date (COD) of the first phase of…
Karachi, July 9, 2019: Pakistan Stock Exchange on Tuesday went up today by 308 points but couldn’t sustain the selling pressure and went down to -86 points. Last half hour of trading brought the market back in positive territory. Overall volumes remained low at 60 million shares for the third consecutive session. Cement sector led…