PSX index closed on a positive note

Karachi, February 11, 2020: Pakistan equities closed Tuesday on a positive note with the benchmark KSE100 Index gaining 417 points, closing at 39,714 levels, up 1.1 percent. Market remained lackluster in today’s trading session with value buying witnessed ahead of the result season. HUBC (+4.3 percent), LUCK (+2.4 percent), OGDC (+1.5 percent), PSO (+3.3 percent),…

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Life remains paralyzed in IOK on 41 successive day

Islamabad, September 14, 2019: Normal life remained paralyzed 41 consecutive , Saturday, due to continued curfew, restrictions and communication blackout imposed by the Indian government in Indian occupied Kashmir. Read More: Gates Foundation under fire over award for India’s Modi According to Kashmir Media Service, the occupation authorities further tightened restrictions in Srinagar and other…

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Automobile industry remains in depression

Karachi, August 27, 2019: The local automobile industry remains in depression as high interest rate, rising inflation, slow-down in economic activities and glitches on purchasing cars by non-filer affecting the vehicle’s demand in the country. According to a report prepared by Spectrum Securities, therefore, the profitability of auto sector went into recession and posted a…

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KE grieved over incidents; remains committed to serving customers

Karachi August 16, 2019: K-Electric is deeply saddened by the unfortunate incidents which occurred during the recent torrential rain and sympathizes with the affected families. KE is extending full cooperation in the investigation process with various stakeholders including NEPRA. The power utility reiterates that it remains committed to Karachi and will undertake required remedial measures in light…

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