Rumours jolt Pakistan stock market, Index nosedives by 991 points on January 31, 2017Karachi: Bears trumped on Monday, the first day of the trading, at the Pakistan stock market following expressions of the US Administration’s intention to extend its travel ban to Pakistan and rumors of aggressive action by the Securities and Exchange Commission of Pakistan against brokers that were warned recently over compliance issues primarily related to […]
US-based businessmen, engineers may return to Pakistan on January 29, 2017KARACHI: With the rise of Islamophobia headed by US President Donald John Trump, and his white supremacist supporters, Pakistani professionals including businessmen, engineers and doctors living in the United States are planning to return to Pakistan. Increasing incidents of extreme vetting, religious profiling and hate crimes are likely to ignite repatriation of brain drain in […]
SBP keeps policy rate unchanged; expects inflation lower than 6% on January 28, 2017KARACHI: The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent, a stance the central bank has maintained since May 2016. Addressing a press conference at SBP central office, SBP Governor Ashraf Wathra said the average inflation clocked in at 3.9 percent during the first half of the […]
SBP keeps policy rate unchanged at 5.75%, expect inflation lower than 6% in FY17 on January 28, 2017 KARACHI: Predicting that the actual inflation would be lower than the target rate of 6 percent in FY17, the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent, a stance the central bank has maintained since May 2016. Addressing a press conference at SBP central office, Governor […]
Role of immigrants vital in Canada’s progress and prosperity on January 26, 2017KARACHI: The Canadian government will continue its programme of accepting immigrants from across the globe for the economic growth and prosperity of the nation, said Canadian High Commissioner, Perry John Calderwood, on Thursday. Speaking at an event organised by the English Speaking Union of Pakistan, Calderwood said immigrants played a vital role in Canada’s economic […]
Role of immigrants vital in Canadas progress and prosperity on January 26, 2017KARACHI: The Canadian government would continue its programme of accepting immigrants from across the world for economic growth and prosperity of the nation, said Canadian High Commissioner Perry John on Thursday. Speaking at an event organised by the English Speaking Union of Pakistan, Calderwood said immigrants played a vital role in Canada’s economic progress, stability […]
Strong bullish sentiments prevail at stock market on January 24, 2017KARACHI: Pakistan equities closed at an all-time high led by investors’ interest in oil, fertilizers and banking scrips amid speculations ahead of major earning announcements this week. Pakistan stock market’s main KSE 100 index rallied by 511 points or 1.03 percent to close at its highest ever level of 49,876. Pressure remained on concerns for […]
Govt determined to get Companies Ordinance 2016 approved on January 21, 2017KARACHI: Finance Minister, Senator Ishaq Dar, has expressed the government’s resolve to get the Companies Ordinance 2016 approved through the joint session of parliament to convert it into law, demanding companies to show their offshore assets. The Finance Minister was addressing the participants during the signing ceremony of share purchase agreement of PSX with the […]
C/A deficit grows by 92% in first half fiscal year on January 19, 2017KARACHI: Pakistan’s current account deficit has swelled by 92 percent in the first half of current fiscal year 2016-17 mainly due to increasing import bills and declining inflows of foreign exchange from exports receipts and workers’ remittances. According to statistics issued by State Bank of Pakistan (SBP), the current account deficit has widened to $3.6 […]
Experts call for making CPEC project transparent on January 16, 2017Karachi: Though the mega projects associated with the China Pakistan economic Corridor CPEC entail huge national and international economic benefits but mysteries partially surrounding the projects’ environment are not only confusing masses but experts also remain speechless. This kind of grey area leaves room for those who spew negative propaganda against the projects of national […]