Wednesday, August 21, 2019
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PK-Economy

Pakistan: Aamir Khan appointed as key regulator’s head

The government of Pakistan on Friday approved appointment of eminent financial sector professional Aamir Khan as Chairman of the Securities and Exchange Commission of Pakistan (SECP). Aamir has been working as Commissioner, company Law Division (Corporate Supervision) and Commissioner Specialized...

IMF conditions to push eight million people into poverty: Mian Zahid

Mian Zahid Hussain said IMF conditions to Pakistan without properly diagnosing economic ills and giving implementable solutions, quarterly review of IMF can result in another crisis if targets were not achieved. Talking to the business community, President Pakistan Businessmen and Intellectuals...

Pakistan: Equity Bourse in the doldrums on the back of despondent economic conditions

Local equity bourse continued to be in the doldrums for another week primarily on the back of despondent economic conditions in the country. The Pak Rupee once again continued its downslide against the USD, depreciating ~2% WoW to close...

Pakistan: CPI expected at 9.32% YoY in Jun’19, Policy Rate to Increase by 100 bps

Analysts expect Jun’19 Consumer price index (CPI) inflation to settle at 9.32% YoY compared to 5.21% in Jun’18 and 9.11% in May’19, respectively. The uptick in CPI will be owed to i) increase in price of MoGas by PKR...

KSE-100 loses 314 points on USD-Rupee parity

The down trend at KSE 100 continues amidst repo activity. Despite the absence of MTS volume, market remained under selling pressure. Power sector led the volumes on the bourse with 33M shares, followed by Banks (19M). KEL remained on...

Video: UBL came under severe criticism from its account holders

The privatized bank UBL came under severe criticism from its account holders when it did not only blocked their accounts on the pretext of biometric process but even refused to clear their Cheques following completion of the process at...

NBFI and Modaraba sector contributed Rs 200 billion, ignored in SME concessional schemes: Raheel Q Ahmad

Chairman NBFI & Modaraba association Raheel Qamar Ahmad has said that the Non-Banking Financial Sector & Modarabas Sector is an active financier of SMEs and it has contributed over Rs 200 billion during the last ten years in the...

Eminent experts to present solution to energy crisis at POGEE 2019

Foreign exhibitors have offered many solutions for the energy problems in Pakistan here at the POGEE 2019, 17th Pakistan oil, gas and energy exhibition 2019 at Karachi Expo Centre. Many trade visitors have shown their interest to acquire ready solution...

KSE weekly review: Market sheds 448 points, likely to remain range bound

Weakness of the Pak Rupee against USD, unchanged Fitch’s rating and ongoing debate over the Federal Budget FY20 in the Parliament kept the domestic bourse in-check this week. Given lack of triggers and profit taking in large caps, the...

KSE-100 surges 129 points

As expected, FTSE rebalancing proved to be a non-event on Friday. Market remained positive throughout the session; however, the gains were limited. 100 Index went up by 212pts but ended +55pts (unadjusted) just before the roll-over week begins. Cement sector,...
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Renewable energy can bring billions of dollars in Midwest and Great Lakes region

Applying current renewable energy standards, ten states in the Midwest and the Great Lakes region of the United States...
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Pompeo: America will intervene if Iranian tanker supply oil to Syria

US Secretary of State Mike Pompeo said on Tuesday that the United States will take all possible measures to prevent an Iranian tanker from...

German police freezes explosives seller website

German police has shut down explosives seller website. Around 1,000 police officers raided Tuesday in Germany, Lithuania and Croatia as part of a cybercrime...

China complains on Twitter and Facebook closures

China is facing Twitter and Facebook accounts blocking after criticism on protests in Hong Kong. Chinese citizens and students living abroad have the right...

Trump: US economy is still growing and away from any recession

US President Donald Trump said US economy is still growing and far from any recession, adding that his administration is considering the possibility of...