PSX gains 83 points to close at 33,250
ISLAMABAD (Dunya News) ? Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend as KSE-100 index bounced by 83.92 points (0.25 percent) to close at 33,250.54points. The three top traded companies were K-Electric Limited with a volume of 12,322,000 and price per share of Rs3.90, TRG Pak Ltd with a volume of 9,867,500 and price per share of Rs15.28 ...
SBP announces new Monetary Policy for next two months
According to media reports, the central bank governor Reza Baqir had assured the businessmen earlier that the free fall of exchange rate would not be allowed. On exchange rate, the SBP governor had assured the meeting that the free fall of exchange rate would not be allowed as equilibrium was almost achieved. Prior to the announcement, the Monetary Policy ...
Weekly Inflation Falls 0.32pc
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :The weekly inflation for the week ended on 16, for the combined income group, witnessed decrease of 0.32 percent as compared to the previous week. Similarly the items which recorded no change in their prices included rice (basmati broken), rice (irri-6), milk (fresh), curd, , vegetable ...
Dollar Soars By Rs1.78 In Interbank, Closed At Rs149.65
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ):The exchange rate of Dollar in interbank soared by Rs1.78 and was traded at Rs 149.65 as compared to the last closing at Rs147.87, State Bank of Pakistan (SBP) Monday reported. The price of Japanese yen increased by 2 paisa and was traded at Rs1.36 against Rs1.34, whereas the ...
SBP increases interest rate by 150 basis points to 12.25 percent
KARACHI: The State Bank of Pakistan (SBP) has increased interest rate by 150 basis points (bps) to 12.25 per cent from 10.75 per cent effective from May 21, 2019. Finally, since the last MPC, the exchange rate has depreciated by 5.93 percent to PKR 149.65 per USD, at the close of 20th May 2019, reflecting a combination of underlying ...
Russia-Belarus Group Agrees On Primary Steps For Resuming Russian Oil Transit Via Druzhba
MOSCOW (UrduPoint News / Sputnik - 20th May, 2019) The Russian-Belarusian working group has agreed on measures toward resuming transit through the Druzhba pipeline, the spokesman of Deputy Dmitry Kozak said on Monday. "Talks of the Russian-Belarusian working group on resuming transit through the Druzhba pipeline continue today, as we are still ...
Ukrtransnafta Says Suspended Russian Oil Transit To EU Through Druzhba Pipeline
KIEV (UrduPoint News / Sputnik - 20th May, 2019) Ukrainian Ukrtransnafta said Monday it again suspended transit to the EU via the Druzhba pipeline after Hungarian MOL's report on technical problems.
State Bank Of Pakistan (SBP) Mops Up Rs 25.6bln From Market
KARACHI, (UrduPoint / Pakistan Point News - 20th May, 2019 ):State Bank of Pakistan (SBP) on Monday mopped up Rs 25.6 billion from the money market for three days as repo sale through its open market operation.
Pakistan raises key interest rate to 12.25 percent
KARACHI: Pakistan's central bank raised its key interest rate by 150 basis points to 12.25 percent on Monday, citing continuing inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation.
SBP increases interest rate by 150 basis points to 12.25pc
Second, trends in government borrowing reflect a widening fiscal deficit during the first nine months of FY19 when compared to the same period in FY18. Finally, since the last MPC, the exchange rate has depreciated by 5.93 percent to PKR 149.65 per USD, at the close of 20th May 2019, reflecting a combination of underlying macroeconomic factors and market ...
PSX gains 83 point to close at 33,250 points
The three top traded companies were K-Electric Limited with a volume of 12,322,000 and price per share of Rs 3.90, TRG Pak Ltd with a volume of 9,867,500 and price per share of Rs 15.28 and Unity Foods Ltd with a volume of 9,530,000 and price per share of Rs 9.25.
Medicinal imports rise 3.54 pc to $929 mln
ISLAMABAD, May 20 (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, May 20 (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 ...
Pakistan raises interest rate to 12.25 per cent
KARACHI: The State Bank of Pakistan announced the monetary policy on Monday raising the interest rate to 12.25 per cent. The interest rate was raised by 150 basis points and previously stood at 10.75 per cent.
Spot Rates Of Cotton (Crop 2018-19)
KARACHI, (UrduPoint / Pakistan Point News - 20th May, 2019 ) : Association (KCA) on Monday announced the following KCA Spot Rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16" Micronaire value between 3.8 and 4.9 .
Business Community Demanded Aggressive Crack Down Against Dollar Mafia
Islamabad (UrduPoint / Pakistan Point News / Online - 20th May, 2019) Founder Chairman Pak US Council, ChairmanUnited Group and veteran trade leader Iftikhar Ali Malik Mondayvehemently demanded oriented aggressive crack down against dollarmafia in which is playing havoc with the economy of the country.
Currency Rate in Pakistan: US Dollar, Saudi Riyal, UK Pound, UAE Dirham - 20 May 2019
KARACHI: Following were the closing rates of US Dollar, Saudi Riyal, UK Pound, UAE Dirham and other foreign currencies in kerb market, according to the Forex Association of Pakistan on Monday, May 20, 2019.
ICCI Concerned Over Rising External Debt And Liabilities That Have Crossed $105 Billion
ISLAMABAD (UrduPoint / Pakistan Point News / Online - 20th May, 2019) Moughal President, Rafat Farid Senior VicePresident and Iftikhar Anwar Sethi Vice President, ofCommerce & have expressed great concerns over the rising externaldebt and liabilities of the country that have surpassed $105 by theend of and called upon the to ...
Food Imports Drop 9.85% In 10 Months
ISLAMABAD, (UrduPoint / Pakistan Point News - 20th May, 2019 ) :The country's imports dropped by 9.85% to $4.7 in first 10 months of current fiscal year against the imports of $5.216 recorded during period of the year 2017-18. Similarly, of pulses also fell to $432.54 in the corresponding period of current fiscal ...
Dollar Reaches Rs151 In Open Market
KARACHI (UrduPoint / Pakistan Point News / Online - 20th May, 2019) The US reached a new record high of Rs151 in the open on Monday morning, as the rupee continued its downward spiral following an with the International Monetary Fund.The also saw an increase in the interbank of Rs0.93 to Rs148.80.
