KARACHI: Massive selling pressure was witnessed at the Pakistan Stock Exchange on Monday where the market remained in the red zone throughout the day. An analyst at Pearl Securities said the bloodbath was seen due to the likely mutual funds redemption, amid year-end phenomenon. “Furthermore, a mix of negative flows also dominates the market sentiments, … Read more
KARACHI: The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs … Read more
Minister for Planning, Development and Special Initiatives Asad Umar said that the annual plan coordination committee (APCC) has endorsed the GDP growth forecast for next year. The Minister wrote on Twitter, “The annual plan coordination committee has endorsed the GDP growth forecast for next year developed by the planning commission of 4.8%. This reflects the … Read more
The International Monetary Fund (IMF) has projected GDP growth rate of Pakistan at 1.5 per cent for the current fiscal year 2020-21. According to the media reports, the projection of the international body was made after comparing the negative growth of 0.4 per cent for the fiscal year 2019-2020 that was declined due to the … Read more
