Service Fabric Objects PSX’s Decision of Placing it in Defaulter’s Segment
Service Fabrics Limited (SERF) has raised its objection against the management of the Pakistan Stock Exchange (PSX) for placing its name in the defaulter’s segment.The company considers the placement of its shares in the defaulter’s segment as unilater…
Tarin Orders Provinces to Inject Sugar Into the Market to Reduce Prices
Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has directed all the provinces to meet their stocks by immediately lifting the imported sugar and injecting it into the market to bring down the prices.He directed this while meeting wi…
Rupee Loses Big Against All Currencies Third Day in a Row
The Pakistani Rupee (PKR) has posted losses against the US Dollar (USD) for the third time this week as the local unit deteriorated by Rs. 1.3 against the greenback in the interbank currency market today.PKR has depreciated by 0.75 percent from yesterd…
EAC Member Suggests Shutting Down Oil Refineries
There has been a heated debate on the future of oil refineries since the recent shutdown proposal from Farooq Rahmatullah, a member of the Energy Expert Group of Economic Advisory Council (EAC). In the recent proposal, Rahmatullah had suggested that Pa…
Traders Aren’t Happy About Minimum Price of Exported Onions
Traders are discontented with the government’s recent decision of setting a minimum price for the export of onions.They claim that the government should not be involved in setting the values of goods as it will lead to their products becoming uncompeti…
Fertilizer Industry Sold The Highest Amount of Urea Ever
The fertilizer industry sold 5.1 million metric tonnes of urea in the first ten months of 2021, up from 4.6 million metric tonnes during the same period of 2020.In doing so, it met the rising domestic demand by selling 10 percent more urea than it had …
Pakistan’s Tax-To-GDP Drops to 9.9% During the Pandemic
The Federal Board of Revenue (FBR) suffered a blow to its tax-to-GDP ratio in the fiscal year 2021 as the economy slowed down due to the pandemic.FBR’s new report puts the tax-to-GDP ratio at 9.9 percent. However, the Board took timely short- and long-…
CDC Launches Pakistan’s First-ever Professional Clearing Member with PSX and NCCPL
The Central Depository Company has launched Pakistan’s first Professional Clearing Member in collaboration with the Pakistan Stock Exchange and the National Clearing Company of Pakistan Limited under the Regulatory Impetus of the Securities & Exchange …