Daily News :3rd April 2020

Good Morning The country’s total liquid foreign exchange reserves posted a notable decline of $1.5 billion during March, mainly due to massive outflow of hot money. Moody’s Investors Service has revised downward the Gross Domestic Product (GDP) forecast for Pakistan from 2.9 percent to 2-2.5 percent, ie, by up to 0.9 percent for 2020. The… Continue reading Daily News :3rd April 2020

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Daily News :2nd April 2020

Good Morning The federal government on Wednesday decided to extend the lockdown to counter the novel coronavirus for another fortnight (till April 14). For second month in a row, pace of increase in prices significantly slowed down and recorded at 10.2% in March due to correction in prices of food and energy items -the factors that… Continue reading Daily News :2nd April 2020

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Daily News:1st April 2020

Good Morning   Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a United Nations report has predicted. According to a report by the UN Conference… Continue reading Daily News:1st April 2020

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Daily News:31st March 2020

Good Morning “Amid growing concerns about the potential economic impact of the Covid-19 pandemic, the SBP with the collaboration of the PBA has announced a comprehensive relief package that will help relevant stakeholders including households and businesses (microfinance, small and medium enterprises (SMEs), corporate, commercial, retail, and agriculture) to manage their finances through this temporary… Continue reading Daily News:31st March 2020

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Daily News:30th March 2020

Good Morning The SPI inflation during the week that ended March 26 against March 19 witnessed a reduction of 1.25 percent for combined income groups, ie, from 129.72 points to 128.10 points, the Pakistan Bureau of Statistic (PBS) revealed. The offshore investors are continuously withdrawing their investments from the Pakistan Capital Market as an outflow of… Continue reading Daily News:30th March 2020

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Daily News:27th March 2020

Good Morning  “Amid growing concerns about the potential economic impact of the Covid-19 pandemic, the SBP with the collaboration of the PBA has announced a comprehensive relief package that will help relevant stakeholders including households and businesses (microfinance, small and medium enterprises (SMEs), corporate, commercial, retail, and agriculture) to manage their finances through this temporary… Continue reading Daily News:27th March 2020

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KASB Morning Shout:26th March 2020

Good Morning Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to help it deal with the economic slowdown from the coronavirus, Finance Adviser Abdul Hafeez Shaikh said on Wednesday. The Pakistani rupee took a drubbing at the hands of the US Dollar after USD rose to Rs162 after a rise of… Continue reading KASB Morning Shout:26th March 2020

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KASB Morning Shout:25th March 2020

Good Morning Prime Minister Imran Khan Tuesday unveiled a financial relief package worth around Rs1.2 trillion to ward off the negative impact of coronavirus on the country. The package included reducing prices of petrol, diesel and kerosene by Rs15 per litre, providing Rs3,000 monthly stipend for daily wagers, and improving liquidity crunch for exporters and… Continue reading KASB Morning Shout:25th March 2020

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KASB Morning Shout:24th March 2020

Good Morning The weekly SPI inflation during the week ended March 19 against March 12 witnessed an increase of 0.05 percent for combined income groups, ie, from 129.66 points to 129.72 points, Pakistan Bureau of Statistic (PBS) revealed. In view of the fact that banks and stock market are vital instruments of country’s financial system, the… Continue reading KASB Morning Shout:24th March 2020

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KASB Morning Shout:20th March 2020

Good Morning The number of confirmed coronavirus cases in Pakistan have jumped to 454 after Balochistan, Punjab, Sindh, Gilgit-Baltistan and Khyber-Pakhtunkhwa announced an increase in their provincial tallies. Prime Minister Imran Khan Thursday said in order to check the spread of coronavirus in the country and protect the people and economy from its effects, the government… Continue reading KASB Morning Shout:20th March 2020

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