Pakistan equities nosedive following MSCI announcement on May 17, 2017KARACHI: The positive sentiments that gave bulls reign of the stock market for last three consecutive session could be sustained even after the much awaited MSCI reclassification announcement. The benchmark KSE 100 index succumbed to the profit taking which plummeted by 574 points to settle down at 51,813 level. During the trading at the bourse […]
Punjab leads Sindh in terms of performance: report on May 11, 2017KARACHI: Pakistan People’s Party PPP led Sindh remains far behind in terms of government’s performance while PML-N in Punjab emerges as leader in governance whereas Pakistan Tehreek-e-Insaf PTI is fast catching up with Punjab, reveals a research report released here on Wednesday. Provincial Tracking Report 2016-2017 released by Policy Research Institute of Market Economy (PRIME) […]
Bull-dominated market gains 1,085 points to hit all-time high on May 9, 2017KARACHI: Pakistan equities started the trading week on a strong bullish note amid prevailing MSCI euphoria in the market as the benchmark KSE-100 index scaled 1,085 points to reach an all-time high of 50,935 level mainly led by commercial banking stocks. On Monday top Index point contributors were all MSCI names again with HBL (+5%), […]
Rangers are not going anywhere on May 5, 2017KARACHI: Sindh Governor Muhammad Zubair on Thursday said Rangers will stay in Karachi as long as the federal government and the business community want them to stay. Addressing the participants at the inauguration of the sixth Islamic Finance Expo and Conference organised by The Professionals Network (TPN) on Thursday, Zubair said that with the Rangers […]
Those who kill Muslims are not Sunnis on May 2, 2017Karachi: Any group that calls other Muslims Kafir (infidel), resorts to terrorism and kills any innocent Muslim is misguided and it not the part of Ahle Sunnah (Sunnis), prominent scholars of Sufi order declared here on Monday. At the end of the Second day of “First International Sufi Conference” organized by the International Center of […]
IPRs short cut to boosting exports by 50 percent on April 29, 2017KARACHI: If Pakistan wants to boost its share of the international market that could see its exports increase by up to 50 percent, then the both political leadership and the country’s leading industrialists need to work together on prioritising patent registration and licencing. Haris Zaheer Bajwa, a Pakistani-American lawyer and patent expert, issued this urgent […]
Bulls remain in control at PSX on April 24, 2017KARACHI: Bulls at Pakistan stock market continued to celebrate Panamagate verdict into new trading week on Monday resulting the benchmark KSE 100 index moved beyond 50,000 barrier. The index gained 403.02 points to close at 50111.67 level after almost 3 months on the back of institutional buying. Market after a positive open witnessed minor selling […]
Pakistan equities get bang out of SC verdict, index up 1,140 points on April 21, 2017KARACHI: The bulls at Pakistan stock market celebrated supreme court’s verdict on Panamagate with historical leap as the KSE-100 index surged by more than 1905 points, the largest ever single day upside move, before calming down at 48743.56 with the gain of 1140.08 points. Share market closed thunderous Thursday positive after taking investors for an […]
Current account deficit widens to $6.1bn in 9MFY17 on April 20, 2017KARACHI: Pakistan’s current account deficit has widened by whopping 160 percent in nine months of current fiscal year 2016-17 thanks to increasing import bills of goods and services, and declining inflows of foreign exchange from exports receipts and workers’ remittances. According to statistics released by State Bank of Pakistan (SBP) here on Wednesday, the current […]
FDI up by 12.4% during 9MFY17, China tops with $569m on April 18, 2017KARACHI: China emerged as the top investor in Pakistan by making $596 million investment during the first nine months of current fiscal year, 9MFY17. The Chinese investment mainly related to China Pakistan Economic Corridor CPEC lifted the overall Foreign Direct Investment FDI by 12.4 percent during Jul-March FY17 as compared to the same period of […]