Wednesday, July 6, 2022

PK-Economy

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...

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...

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Pakistan’s IT deleg meets over 50 Canadian IT companies in Toronto

The Consulate General of Pakistan, Toronto, arranged a networking event for the visiting delegation of ITC executives from Pakistan...
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