Sunday, May 31, 2020

PK-CPEC

KSE-100 recovers 127 points on financial year end despite PKR uncertainty

Last trading day of the financial year ended positively with +127pts (unadjusted), although the day’s oscillation from +162pts to -365pts, left the investors with a bit of anxiety. Adding to this anxiety was also the decline in Rupee parity...

State Bank updates FE and EC manuals

State Bank of Pakistan has updated foreign exchange and exchange companies’ manuals to facilitate stakeholders including banks, exchange companies, B-category exchange companies, exporters, importers, travel agents and carriers. Updation of the manuals is done to provide related rules/regulations at one...

Mini Budget renamed as ‘Economic Reform Package’ to announce on Jan 23

Federal government after the criticism from various corners has decided to rename the pressure builder mini budget as “Economic Reform Package”, Source confirmed. The ingredients of the half a budget would be the same as prepared. On the advice...

ECC to meet on Five-point agenda today

The meeting of Economic Coordination Committee will be held today. Finance Minister Asad Umar will the meeting. The committee will discuss the issues pertaining to power plant in Gwadar, Wapda, Gas supply to the power plants, Exports and Imports...

KSE 100 scores 363 points on CGT relief hint

The benchmark KSE-100 of Pakistan Stock Exchange rose to 363.47 points or 0.93% closed at 39,412 on Monday.  Market had a positive start of the week, on the back of budgetary measures adopted by the Government due to be...

Latest News

Protests across US as cop charged with murder of George Floyd

Protests have broken out in cities across the United States calling for justice following the death of George Floyd...

White House placed briefly on lockdown due to protests outside

On Friday, the Secret Service of the United States issued a decision to close the White House due to protests outside the gates against...

COVID-19 deaths around the world have crossed 367,000 mark whilst 2.6 million recovered

Coronavirus infection worldwide exceeded the 6 million mark, according to "World Meter", the number of infected people reached 6,045,653, while the number of deaths...

Sierra Leone: China Provides More Medical Supplies to Fight COVID -19

The Chinese Embassy in Sierra Leone has announced that Beijing is providing medical supplies to Freetown to help it fight the emerging Coronavirus (Covid-19)...

Tension continues on LAC between India and China

This is a big concern at this point, as these run close to the 255 km Darbuk-Shyok-Daulat Beg Oldi (DSDBO) road, a vital link...