APBF terms inflation serious threat to economy
Over the past three months, he said, prices of fresh vegetables, fruits and meat have increased while average inflation during the July-March period rose by 6.79 percent on a yearly basis. He said that after hike in fuel prices, the National Electronic Power Regulatory Authority (NEPRA) approved increase of 81 paisas per unit on the price of electricity last ...
corporate corner
The State Bank of Pakistan recently revealed that overseas Pakistanis sent home nearly $17.9 billion in remittances during the first 10 months of FY19 (July to April), a growth of nearly 8.5% compared to the same time last year. The number of transfers made during this period was 44% higher than the average week that year, highlighting that Ramazan ...
Investor concerns: RCCI wants increase in interest rate reverted
The Rawalpindi Chamber of Commerce & Industry (RCCI) has shown strong reservations for increasing 150 basis points in the interest rate by the State Bank of Pakistan taking it from10.75 percent to 12.25 percent and urged the government to withdraw this hike as it would increase the credit cost of commercial banks, badly affect the growth of industrial activities ...
SECP launches awareness video series
The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/CFT and company incorporation, through its JamaPunji web portal, Twitter and Facebook platforms. Drawing on the expertise of SECP officers, the interactive videos cover frequently asked questions (FAQs), and ...
IMF aid programs mostly help but need fine-tuning: report
Between 2011 and 2017, the IMF oversaw 133 economic aid programs for member countries, according to a review, the results of which were released Monday by the fund. "The review found three-quarters of IMF programs were successful or partially successful in achieving their objectives, such as resolving balance of payments problems and fostering economic growth," the review?s authors said ...
Closing Rates Of Pakistan Stock Exchange Limited 20 May 2019
390 Dewan Farooque Motors Limited [DEFAULTER SEGMENT] 6.25 Ghandhara Industries Ltd. 88.98 Ghandhara Nissan Ltd. 48.09 Ghani Automobile Industries Ltd. 3.71 Hino Pak Motor Limeted. 315 Honda Atlas Cars (Pak) Ltd. 124.49 Indus Motor Company Ltd.(XD) 1207.85 Millat Tractor Ltd.(XD) 819.56 Pak Suzuki Motors Co Ltd.(XD) 223.9 AUTOMOBILE PARTS & ACCESSORIES: Agriautos Industries Co. Ltd. 204.21 Atlas Battery Ltd. 68.44 Exide Pakistan Ltd. 122 General Tyre & Rubber Co. 34.51 Loads Limited. 361.77 CABLE & ...
State Bank Of Pakistan Increases Policy Rate To 12.25%
SBP's Monetary Policy Committee, taking into account the macroeconomic situation, noted that more policy measures are required to address underlying inflationary pressures from : higher recent month-on-month headline and core inflation outturns; recent exchange rate depreciation; an elevated fiscal deficit and its increased monetization, and potential adjustments in utility tariffs. Secondly, trends in government borrowing reflect a widening fiscal ...
KSE-100 Index Witnessed Bullish Trend
Trading started with a negative note at PSX as the benchmark index losses 800 points. The gold price in Pakistan has increased by Rs200 per tola. After an increase of Rs 200, the price of per tola has become 71,500. Increase also witnessed in 10 gm gold prices which reached 61, 300 rupees. On the other hand, the gold price in the ...
Ford To Cut 7,000 Jobs, 10% Of Global Salaried Staff
The move, which began last year and follows some cuts announced earlier in other regions, will to 800 layoffs in North America in total, including about 500 this week, said spokeswoman Marisa Bradley. The actions, expected to save about $600 a year, come as ramps up investment in electric and autonomous driving , ...
Russian, Iranian Energy Ministers Discuss Joint Investment Projects - Energy Ministry
"Being the co-chairmen of the Russian-Iranian permanent intergovernmental commission on trade and economic cooperation, the sides ... have discussed implementation of priority investment projects in the framework of bilateral cooperation," the ministry said in its statement.
Ford Cuts 7,000 Management Jobs, 10% Of Global White-Collar Workforce
"Overall, by the end of the process later in , we will have eliminated about 7,000 salaried positions or about 10 percent of our global salaried workforce," the letter CEO Jim Hackett stated. Most of the reductions are overseas, with roughly 2,300 cuts in the , a number that includes 1,500 voluntary buyouts completed in the ...
Another Gas Price Hike To Damage Masses, Economy: Mian Zahid Hussain
Karachi (UrduPoint / Pakistan Point News - 20th May, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said proposed gas price hike will damage masses and economic activities. Talking to the business community, Mian Zahid ...
Gold Rates In Karachi And Multan On Monday 20 May 2019
KARACHI: (per 10 gram) Gold Tezabi 24 CT Rs. 745.88 MULTAN: (per 10 gram) Gold Tezabi-24 CT Rs.
India shares hit record high over Modi election victory forecasts
NEW DELHI: Indian shares hit a record high Monday after exit polls from the country's marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi. While opposition parties refused to concede and the country faces a nerve-jangling three-day wait until the official count begins, most media polls said Modi's Bharatiya Janata Party (BJP) and its allies ...
Govt to facilitate investors, for attracting FDI: Razak
ISLAMABAD, May 20 (APP):Adviser to the Prime Minister on Commerce Abdul Razak Dawood on Monday said that current government doing all the possible measures to facilitate investors in various sectors of economy to attract more Foreign Direct Investment (FDI). While welcoming the Bulgarian trade and investment delegation, Razak said the government is fully committed to introduce more business friendly ...
Dollar touches all-time high of Rs152 in open market
KARACHI (Dunya News) ? The US dollar continued its upward trend against Pakistani rupee in the open market on Monday after reaching an all-time high of Rs152. On the other hand, Pakistan Stock Exchange (PSX) witnessed bullish trend as KSE-100 index bounced by 83.92 points (0.25 percent) to close at 33,250points.
Venezuela Oil Output In April Drops To 16-Year Low - US Energy Department
WASHINGTON (UrduPoint News / Sputnik - 20th May, 2019) 's production hit a 16 year low in as a of mismanagement as well as US sanctions against the nation's energy sector, the Energy Information Administration said in a report on Monday.
Govt To Facilitate Investors, For Attracting FDI: Razak
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :Adviser to the on Abdul Razak Dawood on Monday said that current doing the possible measures to facilitate investors in various sectors of economy to attract more Foreign Direct Investment (FDI). While welcoming the Bulgarian trade and investment delegation, Razak said the is ...
Medicinal imports up by 3.54pc to $929mn
ISLAMABAD (APP) ? Pakistan imported medicinal product worth $929.355 million during the first ten months of current fiscal year, showing positive growth of 3.54 percent, as compared to the import of $897.564 million during the corresponding period of last year. Meanwhile, on month-on-month basis, the imports of medicinal products witnessed positive growth of 21.45 percent during April 2019, when ...
SECP launches awareness video series
ISLAMABAD (APP) ? The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/ CFT and company incorporation, through its JamaPunji web portal, Twitter and Facebook platforms. Drawing on the expertise of SECP officers, the interactive videos cover frequently ...
