KSE-100 drops roughly 1,300 points as equities suffer on March 8, 2022On Monday, the Pakistan Stock Exchange (PSX) experienced a bloodbath, as the benchmark KSE-100 Index plunged about 1,300 points following the global equities markets’ downward trend. KSE-100 dropped 1,284.38 points or 2.88 percent to 43,266.97 points by the time of the market’s close. It had already fallen as low as 43,049.41 during the day. Stocks […]
Karachi residents suffer from lawlessness, rising inflation on March 6, 2022Compared to the rest of Pakistan, residents of Karachi are currently experiencing the highest levels of frustration and sadness as a result of rising prices of essential commodities, the worst types of anarchy, and pervasive crimes in the city, according to the survey conducted by the Daily Times here on Saturday. There is no part […]
SBP issues unified QR code to accelerate digital payments on March 3, 2022As a means of speeding up the country’s retail payment digitalization, Pakistan’s State Bank of Pakistan has set QR code payment standards. These requirements must be completed before QR codes may be issued and payments can be accepted through them. The SBP’s goal is to promote the inclusivity, innovation, and modernisation of the country’s payment […]
1QFY 2022: digital payments continue brisk pace of growth on March 2, 2022The State Bank of Pakistan released its first quarterly report of payment systems for the fiscal year 2021-22 today covering the period July – September 2021. The report shows that Pakistan’s payment ecosystem, especially through digital platforms, continued its brisk pace of growth. E-banking—defined as transactions conducted via electronic channels (including Real-time Online Branches, ATMs, […]
Incentivising Freelancers: FPCCI chief hails PM, MoITT for the package on February 24, 2022Irfan Iqbal Sheikh, Chairman of FPCCI’s Management Committee, has expressed his satisfaction and pleasure over the incentives announced for the companies and freelancers in the Information Technology (IT) and Information Technology-enabled Services (ITeS) sectors by Prime Minister Imran Khan on the proposals of Ministry of Information Technology and Telecommunication (MoITT). In this regard, he also […]
Weekly Market Review: Stocks down after an eventful week on February 21, 2022With Russia-Ukraine tensions rising and oil prices skyrocketing, the country’s stock market had a turbulent week. As a result, the KSE-100 fell 404 points or 0.9 percent to settle at 45,676 points. The Ukraine-Russia crisis was a major contributor to this week’s negative trend. A further Rs12.03 per litre rise in the price of fuel […]
Pakistan can beat all competition IN prices, quality, taste: FPCCI Chief on February 17, 2022Irfan Iqbal Sheikh, Chairman of FPCCI’s Management Committee, has explained the bottlenecks in the realization of the true trade potential that quantifiably exists between Pakistan and the Maldives; which currently stands at a meager $9mn. The absence of direct flights, lack of B2B contacts, insufficient governmental facilitation, and not targeting the right sectors are the […]
Prices of basic kitchen products fluctuate on February 14, 2022As opposed to the previous week, prices for key kitchen supplies fluctuated this week, according to a study by Daily Times. Cooking oil/ghee prices have risen from Rs 2,100 per 5 litres to Rs 2,150 per 5 litres for the top grade brands, while mustard oil remains unchanged at Rs425 per litre. With excellent quality […]
Weekly Market Review: Bullish sentiment lifts stocks on February 7, 2022Investors on the Pakistan Stock Exchange (PSE) were buoyed by the anticipated resumption of the International Monetary Fund’s (IMF) $6 billion loan programme and strong company results during the previous week. The stock market rose by 832 points, or 1.85 percent, this week due to strong investor interest, which was fueled by a slew of […]
Wheat and flour crisis: PBF asks govt to release stocks on February 3, 2022Vice President of the Pakistan Businesses Forum (PBF) Ahmad Jawad expressed concern that flour prices are set to spike further; he suggested that the government participate in the market by releasing stocks to moderate market mood over the upside potential of wheat prices. He stated that over ten months had elapsed since last season’s crop […]