Forced evictions: People up in arms against Bahria Town on June 7, 2021Forced eviction and illegal occupation of ancestral land led to a pour out of hundreds of protesting villagers outside Bahria Town Karachi, and set the main gate on fire. The desperate and angry demonstrators did not stop there and entered its premises to vandalise the private properties. A heavy contingent of police was on the […]
‘Media martial law’ in the offing on June 3, 2021Gagging, restricting, controlling media has always been a dream of every government and regime, through tacit or legal way-whatever suits those at the helm of power. From the first world to the third world countries, the world has always been the same for the media-as attempts to silence the jounalists through killings, slander, troll and […]
PSX’s history making week: All share volume surged past 2 billion shares, benchmark index crossed 47,000 mark on May 30, 2021Pakistan Stock Exchange (PSX) witnessed some exciting and historic trading sessions during the departing week as investors treaded through a spike swoon and repeat conditions. During the week, the index began with the 182 points gain to cross 46,000 index level owing to strong market sentiments, as investors cheered the upward revision of an estimated […]
SBP keeps policy rate unchanged at 7% for fifth consecutive time on May 29, 2021The State Bank of Pakistan (SBP) on Friday kept the benchmark interest rate unchanged at 7% for the fifth consecutive time, while viewing growth and inflation expectations as well-anchored. Encouraged by upward revision of the FY21 growth forecast to 3.94%, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7%, noting that […]
Weekly Review: KSE-100 posted gains of 740 points, ends just shy 46,000 on May 23, 2021Stocks staged sharp recovery in the departed week at the Pakistan Stock Exchange (PSX) as benchmark kse-100 index advanced by a solid 740 points from the last working week’s close to conclude at 45,915 level after investors returned from an extended Eid break. However, despite the series of positive news flow, the market showcased resistance […]
Pakistan ranked 6th highest recipient of remittances globally in 2020 on May 22, 2021Pakistan has been ranked as the sixth highest recipient of remittances in 2020 globally, as country’s remittance inflow increased by about 17 per cent , defying the gloomy projections and in spite of the global Covid-19 pandemic, according to the latest report by World Economic Forum (WEF). As per the report, Pakistan is expected to […]
Bitcoin hits 3 months low over Elon Musk’s twitter frenzy- Is crypto guru heading for Elongate? on May 18, 2021Cryptocurrency- a part of the financial market which has never been short of a drama and its relationship with Tesla’s Elon Musk has been somewhat a stop-start rollercoaster. However, only this time, the posterboy of crypto world has dismantled crypto’s largest currency Bitcoin bit by bit, owing to series of tweets which has sent retail […]
India’s defiant Dalal Street amidst Covid explosion on May 12, 2021India’s risky asset class has been faring well, infact its super expensive stock market, at 32 times earnings, almost double the valuations in economic giant China, has shown odd resilience. The big question is, how are Indian financial markets continuing their upward march, despite Covid explosion, causing an apocalyptic crisis, which has ripped through the […]
Fall from grace: Gasping India’s cry for #ResignModi grows louder on May 11, 2021Grief-stricken, breathless, dishevelled Indians are angry, perhaps perturbed on a ‘genocidal’ regime led by the Indian Prime Minister Narendera Modi, which is subjecting its people to indignity, chaos and trauma as Covid 19 continues to spiral out of control. Haunting Scenes of relatives of the sick scrambling to find supplies of oxygen, and nearly full […]
Covid-19: India’s religious pilgrimages triggering ‘apocalyptic’ explosion on May 2, 2021India-world’s largest democracy has found itself in the midst of the crises, it ostensibly created itself. As India grapples with a devastating second wave of the coronavirus, millions of devotees gathering for Hindu festivals have become ‘super spreaders’, threatening to unleash an apocalyptic explosion. India’s death toll from Covid-19 has surpassed 200,000 mark with many […]