Hafeez Shaikh briefed on LSM liquidity issues

By MG News | Category Economy | May 28, 2020 at 10:53 AM GMT+05:00

0:00

May 28, 2020: A delegation of Nishat Group called on Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to apprise him of the damage done by COVID-19 related economic downturn to large-scale manufacturers.

It was shared by the delegation that owing to Corona pandemic induced demand compression, size of balance sheets of large manufacturers is not maintainable.

The Adviser on Finance empathized with the participants and updated them about the current status of implementation of Prime Minister's stimulus package worth 1240 billion rupees.

The delegation was asked to put up precise case for financial facilitation and its parameters as State Bank of Pakistan has already been running a scheme for payroll protection.

Radio Pakistan

Related News

Name	Price/Vol	%Chg/NChg
KSE100	121,641.00 407.56M	-0.13% -157.87
ALLSHR	75,951.71 854.04M	-0.10% -76.82
KSE30	36,827.89 67.82M	-0.42% -156.03
KMI30	181,199.42 117.76M	-0.38% -696.40
KMIALLSHR	52,088.08 592.55M	-0.27% -143.41
BKTi	29,808.04 22.21M	-0.83% -249.97
OGTi	27,075.99 4.68M	-0.75% -203.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,060.00	105,945.00 101,390.00	2845.00 2.78%
BRENT CRUDE	66.65	66.67 64.80	1.31 2.00%
RICHARDS BAY COAL MONTHLY	90.00	90.75 90.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.80	102.40 101.00	1.25 1.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.77	64.80 62.82	1.40 2.21%
SUGAR #11 WORLD	16.51	16.59 16.32	-0.06 -0.36%