FLASHNEWS:

Day: June 20, 2023

Pakistan has no choice except to postpone debt payments

Islamabad, June 20, 2023 (PPI-OT): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt said on Tuesday said that Pakistan has no option but to seek respite from debt repayment. If China, Saudi Arabia and other …

UNISAME Appreciates SBP for Facilitating SME Importers

Karachi, June 20, 2023 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has questioned the commercial banks as to their reluctance to finance imports of SMEs despite the fact that State Bank of Pakistan (SBP) has advised them to finance im…

VIS Reaffirms Entity Ratings of Kamal Textile Mills (Pvt.) Limited

Karachi, June 20, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Kamal Textile Mills (Pvt.) Limited (KTML) at ‘A-/A-2’ (Single A Minus/A-Two). Medium to long-term rating of ‘A-’ signifies good credit quality; pr…

AKD Securities Limited – AKD Daily Technical (20-June-2023)

Karachi, June 20, 2023 (PPI-OT): KSE-100_Closes below 50-SMA,Market View – TechnicalThe index opened on a positive note and remained bearish during the most of the hours in the last trading session. The local bourse posted a low of 691pts, a high of 18…

JS Securities Limited – JS Research (20-June-2023)

Karachi, June 20, 2023 (PPI-OT): Current account surplus continues, still expected to be short-livedCurrent account balance reported a surplus for the third time in a row this month, reported at US$255mn for May-2023, further reducing 11MFY23 CAD to US…