Monday, August 10, 2020

PK-Economy

Pakistan’s equity market witnessed decline 8.4% to 3,405 Points in CY18

The benchmark KSE-100 index of Pakistan stock exchange portrayed a negative return of 8.4% (3,405 points) for the second consecutive year (first time after 1996) during CY18. Average monthly return during the year clocked in at -0.6% with Dec’18...

Pakistan reduces POL prices to Rs4.86 a litre

The government of Pakistan reduced the prices of petroleum products for the month of January 2019. The price of petrol has been reduced by Rs 4.86 per liters, announced on Monday. Notification issued stated that the price of petrol and...

Pakistan’s equity market fails to attract investor’s confidence on political scenario

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) continued its bearish trend from last week and continued traded in the red this week. Announcement of USD 3bn deposit from the UAE last Friday failed to ignite confidence in...

FPCCI Elections 2019: Historic victory of UBG with clean margin

KARACHI: This year United Business Group (UBG) have won the elections of FPCCI again with historic margin and snatched the seats including President, Senior Vice President and the VPs on Friday. This was consecutive fifth year success of...

Pakistan’s foreign exchange reserves depletes by $567 million to $14.017.8 billion

KARACHI: The foreign exchange reserves of the country depleted by $567 million to $14.017.8 billion by week ended December 27 as compared with $14.584 billion in the preceding week, State Bank of Pakistan (SBP) said on Thursday. The...

Statement surfaced after the raid of FIA, regulator to assist LEAs: SECP

After the raid by Federal Investigation Agency (FIA) on Wednesday, the Securities and Exchange Commission of Pakistan in a latest statement issued today says that the SECP shall continue to extend complete cooperation to law enforcement agencies (LEAs) for...

Equity market sheds 86 points on investors’ dull interest

KARACHI: KSE-100 index of Pakistan Stock Exchange (PSX) shed 86 points on Wednesday due to investor's dull interest. The benchmark KSE-100 index closed at 38,223 points as against 38,309 points showing a decline of 86 points. Analysts at Arif Habib...

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...