Daily Archives: November 9, 2019

Performance of Pakistan Stock Exchange shows sustainable growth patterns in country

Weeklong performance of Pakistan Stock Exchange has shown sustainable growth patterns in the country.The performance by the stock exchange exhibited the confidence reposed by investors in the PSX.It also demonstrated that the traders virtually rejected…

Pak Datacom Limited’s Profit Grows 367% in FY 2019

Pak Datacom Limited (PDL), a telecom infrastructure provider and a data network operator, recorded a massive growth in its profit for the financial year 2018 19 compared to the previous fiscal year.According to its financial report, it recorded a profi…

MCB Bank is Looking to Wind Up Another Subsidiary

MCB bank is looking to wind up another subsidiary, MCB Financial Management Services Limited, in the coming months after its board of directors gave the green signal to do so.MCB has 95.90% shares in MCB Financial Management Services Limited. It will p…

After 15 Years, Bangladesh Wants to Import Onions From Pakistan

Pakistan has received the first onion export order of more than 300 tons from Bangladesh after nearly 15 years. This is after an Indian ban on Bangladesh to avert price hike in domestic markets, reported a local newspaper.According to the report, an of…

IMF Completes First Review of Pakistan’s $6 Billion Loan Facility

The authorities and the IMF have reached an agreement on the completion of the mandatory first review of the $6 billion Extended Arrangement (EFF).According to a press release issued by the IMF, the two sides reached the agreement during a visit by an …