Thursday, January 28, 2021

PK-Economy

Pakistan sails between FATF and IMF smoothly

While we are busy discussing UAE visit, Pakistan delegation is already meeting FATF reps at Sydney last Saturday. As per our understanding, the meetings will last for three days. Crackdown on money laundering, recent aggressive raids by FIA on illegal...

Pakistan’s equity market closed slightly higher amid mixed sentiments

KARACHI: KSE-100 index of Pakistan Stock Exchange (PSX) ended slightly higher amid mixed trading sentiments on Friday. The index closed at 37,547 points as against 37,542 points showing an increase of five points. Analysts at Arif Habib Limited said that...

FAP deleg calls on FM, concerns over sudden raids

The delegation of exchange companies during a meeting with Finance minister Asad Umar raised their concerns over sudden raids by Federal Investigation Agencies (FIA) teams. Director General FIA Bashir Memon. A delegation of Forex Association of Pakistan (FAP) headed by...

US giant ExxonMobil to start deep sea exploration at port city of Pakistan from January 6

KARACHI: The US largest Oil and Gas exploration company ExxonMobil will resume its operation in Pakistan after three decades. Three vessels of ExxonMobil have reached port city Karachi to start deep sea exploration of oil and gas from January...

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...

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