Category Archives: Market

ECC Announces an Incentive Package for National Electric Vehicle Policy

The Economic Coordination Committee (ECC) of the cabinet has formed an inter-ministerial committee to firm up proposals in a month’s time on an incentive package for National Electric Vehicle policy (EVP). Adviser to the Prime Minister on Finance and Revenue

Systems Ltd Reports 47.20% Increase in Profits During 2019

Systems Limited has announced its financial results for the year ended December 31st, 2019. Pakistan’s oldest software house is continuing its growth run as it reported a huge increase of 47.20% in its consolidated profits for the period under review.

Asad directs for timely completion of process of reforms in energy market

Planning Minister Asad Umar has directed for timely completion of the process of reforms in energy market. Chairing a meeting of Cabinet Committee on Energy in Islamabad on Friday, he said all stakeholders including industry should be consulted for formation

Crude Oil Prices Drop to Lowest Levels Since 2003

Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens to bring the global economy to a standstill, battering demand just as supply explodes.Oil prices fell for a third session on Wednesday to

SBP Makes Online Payments Free for All Commercial Banks

In order to curtail the risk of the spread of Coronavirus (COVID-19) and limit the physical interaction of citizens at the branch level, State Bank of Pakistan (SBP) has waived off transactional charges on various modes of online payments for

Foreign Investment Surges to Nearly $4 Billion in Jul-Feb FY20

The net foreign investment inflows have witnessed massive growth, surging to $3.98 billion during the eight months of the financial year 2019-20, according to the State Bank of Pakistan.Foreign direct investment (FDI) is at its peak in the PTI-led gove...

SECP Issues Guidelines on Cybersecurity Framework for Companies

The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines on the cybersecurity framework for the insurance sector, providing principles to make the information technology systems of insurance companies and their partners secure an...

Pakistan Stock Exchange remains bearish

The Pakistan Stock Exchange was bearish today.The KSE-100 Index closed today at 32616.93 points as compared to 33684.91 points on the last working day with a negative change of 1067.98 points.The total turnover was 240,379,240 as compared to 215,437,49...