PSX News and Updates series brings all major news and updates from past week so the readers can catch up on to what they missed. Here’s what happened last week in the world of finance:
Oct 16, 2020
“The government is taking various steps to put economy on the path of sustainable growth and create employment opportunities for the youth…” said Finance Adviser Dr Abdul Hafeez Shaikh. The statement was a necessity in the covid-impacted times when people seem to lose their confidence in the government and their plannings.
Source: https://bit.ly/3k3y8cb
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Oct 15, 2020
The small and medium enterprise (SME) sector demanded early implementation of the SME policy, which had been framed to develop the sector on a fast-track basis.
Read more: https://bit.ly/341l15E
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Oct 14, 2020
Agha Steel Industries’ general public subscription of the 30 million shares (25 percent of the total offer size) will begin on Wednesday (today) and conclude on Thursday (October 15) at the price of Rs32 per share.
Source: https://bit.ly/2FsjV9z
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Oct 13, 2020
Pakistan is unlikely to fully benefit from $4.5bn financing package it secured about two and years ago from International Islamic Trade Finance Corporation owing to market limitations of the Jeddah-based agency.
Source: https://bit.ly/3dokJc4
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Oct 13, 2020
Provisional data released by the State Bank of Pakistan showed total central government debt rising by Rs3.4189 trillion in the period ending August 2020 compared to last year.
Source: https://dawn.com/news/1584758/govt-debt-up-by-rs34tr-in-august
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Oct 12, 2020
A day after news reports appeared about a new SRO issued by the government regarding rules about access to foreign currency accounts, the State Bank of Pakistan said in a circular that nothing has changed.
This sums up last week’s news and updates. For upcoming news and updates, please bookmark PSX blog and revisit next week. To keep up with live news and updates, follow PSX’s Social Media Channels including PSX Facebook Page, PSX Twitter Page and PSX LinkedIn page. Look for the Blue Tick on Facebook. You can also subscribe to PSX’s YouTube channel and press the bell icon to get notified each time Pakistan Stock Exchange uploads a new video.
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