Monday, August 10, 2020

PK-Economy

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,...

KSE 100 recovers 339 points on rising crude prices

KSE 100 moved up on Thursday after sustaining losses for the past three sessions. E&P sector took cue from rising crude prices and were further helped by Iran’s taking down of US drone. Besides the positivity in E&P sector, Cement...

Pakistan: Gold price reaches historic high

Gold price in domestic market on Thursday recorded an increase of Rs 1800 per tola.  Gold price after day high closed at Rs 77300 per tola. 10 grams gold price jump by Rs 1542 to Rs 66272. Bullion rates...

PIA rose domestic airfares by 90 percent

Pakistan International Airlines (PIA) jacked up the fares for their domestic passengers. With the latest increase, the return ticket of Karachi to Islamabad bound flight is being sold at around Rupees 63,000. The Pakistan International Airlines is charging Rs 31,540...

PSX review: Stock market to remain positive in the upcoming week

This week trading commenced on a negative note in the stock market as the government unveiled missed targets for FY19 in the Economic Survey document along with arrest of Asif Ali Zardari (Ex-President) which resulted in the KSE-100 index...

Pakistani Rupee sheds 3 percent in a single day

US dollar on Friday jumped nearly three percent against the Pakistani rupee, reached an all-time high. As per details, the worth of the greenback increased by Rs2.80 in the interbank market to reach Rs156.80 against 154.00 on Thursday’s close. On Thursday,...

SECP holds roundtable to revamp bancassurance regulatory framework

The Securities and Exchange Commission of Pakistan (SECP) held a roundtable to seek stakeholders’ suggestions and recommendations to revamp the 2015 bancassurance regulatory framework to achieve market development, enhance insurance penetration and protect policyholders’ interests. A large number of representatives...

Latest News

No Electrocutions Due To Ke Infrastructure

In a statement issued in local press, K-Electric expressed grief over the electrocution incidents reported through local media from...

United Nations: Floods affect 38 million people in China and 1.4 million in Bangladesh

Stephen Dujarric, a spokesman for the United Nations Secretary-General, said that the floods are still affecting many countries in the Asian continent and caused...

G20 finance officials pledge to agree on digital services taxes this year

Financial officials in the Group of Twenty countries said today, that they are still committed to resolving disputes over digital services taxes and reaching...

Erdogan’s party postpones the legal holiday to pass a law imposing restrictions on social media

The ruling Justice and Development Party in Turkey, which is led by President Recep Tayyip Erdogan, is heading to postpone the legal holiday with...

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research, which he said would create...