Karachi, April 13, 2020: In response to the recent reports appearing in media on the Inquiry Committee’s Report (Report) over alleged losses in the Power Sector, the Independent Power Producers Advisory Council (IPPAC) categorically rejects the allegations being attributed to such Report. The reports appearing in the media makes unsubstantiated allegations against the Independent Power…
Karachi, March 12, 2020: In Feb-20, total Asset Under Management (AUM) of mutual fund industry plunge by 1.8 percent MoM to PKR700 billion, open-end funds tumble by PKR~12 billion and stood at PKR671 billion. Category wise analysis revealed, AUM of Money Market Fund plummet by 0.2 percent MoM ,Equity Funds AUM dip by 10.6 percent…
Businesses in Pakistan are optimistic and have a positive outlook for Q1, 2020 Karachi, February 10: Dun & Bradstreet has launched its World Renowned ‘Business Optimism Index’ for Pakistan according to which Businesses in Pakistan are overall optimistic about their outlook for Q1, 2020. The composite Business Optimism Score stands at 144.6 points compared to…
New York, January 14, 2020: Israeli intelligence was instrumental in the US assassination of Iranian General Qasem Soleimani last week, NBC News reported Sunday. Soleimani, who headed the Quds Force – Iran’s Islamic Revolutionary Guard Corps’ elite black-ops arm – was killed in a US drone strike outside a Baghdad airport on Jan. 3. The…
Karachi, January 07, 2020: The State Bank of Pakistan today released its First Quarterly Report on the State of Pakistan’s Economy for FY20. According to the report, Pakistan’s economy moved progressively along the adjustment path during the first quarter of FY20. The macroeconomic stabilization process picked up momentum with the initiation of the IMF’s Extended…