The KSE-100 lost nearly a quarter of its market cap, falling 23%, in March 2020 (worst month since the 2008-09 crisis). The unprecedented pessimism was led by the unabated spread of coronavirus globally – where the MSCI World / EM indices were down 13%/ 17% mom – along with a countrywide lockdown in Pakistan.
Senior Vice Chairman of the Businessmen Panel of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the whole world is paying the price for considering coronavirus a Chinese virus whose impact will remain limited to that economic power.
State Bank of Pakistan in collaboration with National Institute of Banking & Finance (NIBAF) is implementing National Financial Literacy Program for Youth (NFLP-Y) to impart essential financial education to Pakistani youth and school going children for strengthening of their money management skills and enhance their understanding of financial matters.
Jameel sheikh, a Pakistani software engineer has developed the five-minute COVID’19 testing kit. He was a resident of Sindh’s Larkana district who graduated from the NED university of Karachi and moved to the US according to the report in the local newspapers.
Actress and YouTube sensation Yashma Gill has released a song titled “Sunno” to raise awareness about the coronavirus pandemic as the country imposes new restrictions to stem further spread of the virus: https://www.youtube.com/watch?v=dEwVrisKXi0
The actress has decided to use her voice for the right reasons as she sings to warn people of the upcoming disaster.
Singer and songwriter Abdullah Qureshi has just released a new song, ‘TereSaath,’ a collaboration with the singer and music producer Eahab Akhtar, who is situated in LA. Both the singers unveiled their new project a day before its release with an announcement in an Instagram post.
MOL Pakistan Oil and Gas Company B.V is a socially responsible company and maintaining its practice of stepping up in times of need, it has donated PKR 3 million for establishing four (4) COVID-19 quarantine facilities in Islamabad.
With the current crisis of the pandemic, MOL Pakistan has stepped up their efforts to fight the deadly Corona Virus.
Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired a special meeting of the Economic Coordination Committee (ECC) of the Cabinet today at the Cabinet Division. The purpose of the meeting was to fulfill the necessary requirements for different relief measures already announced by the Prime Minister for the public due to the ongoing Corona Virus Pandemic.
China Power Hub Generation Company (Pvt.) Ltd. today donated 1000 kg of ready-to-spray disinfectant and 2000 face masks to the local Hub administration in support of its fight against the coronavirus. Additionally, the company will be distributing ration bags of essential supplies to the villagers in the vicinity.
Mian Anjum Nisar President Federation of Pakistan Chambers of Commerce and Industry informed that the FPCCI Help Desk working under Vice President Mr. Khurram Ijaz take up the issue of time limit for filing of goods declaration with the FBR and succeeded to get extension in time limit for filing of goods declaration.