Saturday, October 19, 2019

PK-Economy

Pakistan: Reforms agenda fully on track, no need to renegotiate IMF program

The reforms agenda being pursued by the government with the support of IMF Extended Fund Facility (EFF) is aimed at putting the economy on a sustainable growth trajectory and the progress on nearly all the performance and structural benchmarks during...

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...

Latest News

Does Turkey get what Erdogan wants?

Turkey had long vainly campaigned for the establishment of a "security zone" along its border with Syria. The agreement...

Scientists propose a new type of battery operated by artificial crystals

Scientists of the University of St. Petersburg, together with their foreign colleagues, have proposed a new type of battery operated by artificial crystals, an...

Olaf Schulz: Facebook’s Libra cryptocurrency should be banned

German Finance Minister Olaf Schulz on Friday renewed his criticism of Facebook's plans to launch its cryptocurrencies, Libra, and said a new world currency...

The British royal couple brought back memories of Princess Diana in Pakistan

The Duchess of Cambridge, Kate Middleton spoke with CNN in Lahore, Pakistan on Thursday, where the royal couple were visiting a village SOS for...

Johnson: We have a great new deal that puts us in control

Boris Johnson said on twitter: "We have a great new deal that puts us in control, now Parliament should finish Brexit on Saturday, so...