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Monday, October 15th, 2018
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Category Archives: Business News

State Bank of Pakistan urges to focus on SME sector problems

Karachi, July 30, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) will invite the attention of Syed Samar Hasnain, executive director State Bank of Pakistan (SBP) to the difficulties the SME sector is facing and urge him to …

Exemption from advance payment Letters of Credit margin

Karachi, July 30, 2018 (PPI-OT): The FPCCI has expressed its concern over the withdrawal of facility extended to the local importers by the State bank of Pakistan at a time when the industrial sector was already in deep crisis due …

JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, July 23, 2018 (PPI-OT):An Engulfing Bear; stay cautious

The KSE-100 index showed negative movement to close at 41,222, down 574 points. Volumes stood at 223mn shares versus 337mn shares traded previously. The index has dropped below the 30-DMA that …

Public Holiday

Karachi, July 23, 2018 (PPI-OT): All concerned are hereby informed that Pakistan Stock Exchange Limited will remain closed on Wednesday, July 25, 2018 being a public holiday in the country as notified by the Election Commission of Pakistan to enable …

JCR-VIS Assigns Initial Entity Ratings to Engro Polymer and Chemicals Limited

Karachi, July 19, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA-/A-1+’ (Double A Minus/A-One Plus) to Engro Polymer and Chemicals Limited (EPCL). Outlook on the assigned ratings is ‘Stable’.

The assigned ratings incorporate …

Telenor Pakistan announces financial results for second quarter of 2018

Islamabad, July 17, 2018 (PPI-OT): Telenor Pakistan, one of the country’s top telecom and digital services providers, today reported revenue of 28.066 billion for its 2nd fiscal quarter ending June, 2018. The latest financial results show a year-on-year growth of …

Regulating imports can help save billions of dollars

Islamabad, July 17, 2018 (PPI-OT): Islamabad Chamber of Small Traders on Tuesday said liberal import policy has pushed trade deficit to new heights creating serious problems for the country. Regulating unnecessary imports could have helped the country save billions of …

The fourth round of devaluation to result in a fresh wave of inflation

Karachi, July 17, 2018 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said continued erosion in the exchange rate proves that the measures adopted to reduce demand of the American currency have not worked as …