UK-funded initiative for SMEs launched
Programme will help enhance Pakistan’s trade diversification, integration into global value chains
Ppi
May 07, 2021
ISLAMABAD:
A UK-funded initiative that will enable small and medium enterprises (SMEs) in Pakistan to effectively engage in international markets was launched on Thursday.
According to the UN Information Centre, Islamabad, this UK-funded initiative will help enhance Pakistan’s trade diversification and integration into the global value chains.
The International Trade Centre (ITC) will implement the revenue mobilisation, investment and trade (REMIT) programme. The five-million-pound sterling project will run from 2020 to 2024.
These efforts are part of a larger UK-supported REMIT programme aimed at contributing to sustainable and inclusive economic development in Pakistan.
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TODAY
December 14, 2020
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.
However, that positive momentum could not be sustained last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 2.5 per cent to close at 34,250.74. Similarly, market capitalisation shed N463.7 billion to be at N17.902 trillion. The year-to-date (YTD) growth moderated to 27.6 per cent.
Although the profit taking is expected to continue, analysts remained optimistic, saying the market still offers better investment alternative.
Goddy Egene
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance.
However, that positive momentum could not be sustained last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 2.5 per cent to close at 34,250.74. Similarly, market capitalisation shed N463.7 billion to be at N17.902 trillion.
The year-to-date (YTD) growth moderated to 27.6 per cent.
Although the profit taking is expected to continue, analysts remained optimistic, saying the market still offers better investment alternative.