Foreign investors opted to pull out their investment from Pakistan equity market due to their concerns over deadly coronavirus and slowing economic activities.
The Morgan Stanley Capital International (MSCI) has announced outcome of its Semi Annual Review (SAIR), whereby Pakistan now has a weight of 0.026 percent. Additionally, Pakistan's weight in the small cap index has been revised to 0.734 percent.
In a bid to ensure transparency and competitive bidding, the government has launched the first-ever Rs 200 billion Shariah-compliant debt instrument - Pakistan Energy Sukuk-II (PES-II) - through Pakistan Stock Exchange (PSX).
All Pakistan Paper Merchants Association (APPMA) has said that the local printing industry has reached to the edge of destruction due to the continuation of anomalous tariff and once it closed down, will never be able to revive itself.
Sui Northern Gas Pipelines Limited (SNGPL) is without a permanent MD for the most part under the present government. The recruitment process has been completed twice but shelved at the last minute.
Pakistan Stock Exchange (PSX) has proposed the federal government to introduce a mechanism and regulatory structure for the launch of registered savings and investment accounts (RSIAs) to help channel savings towards productive investments.
The Covid-19 pandemic has been spiralling around the globe crashing the economies, did not spare the Pakistan Stock Exchange (PSX), which in totality dipped 62 percent during the pandemic.