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Author Archives: Shahid Imran

Closing: Bears stare through KSE, ends in black

The major stocks market of country lost 39.19 points despite a good start in morning, yesterday trading KARACHI: The Karachi Stock Exchange (KSE) 100-index could not sustain Monday’s gains and ended in black on Tuesday. The KSE, with a positive start and 100 plus gains in morning, ended with 39.19 points loss to reach 30355.22 points and volume of 118,614,590 shares. Earlier, ... Read More »

Closing: KSE takes mammoth jump of 235 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with positive sentiments on first day of trading, Monday, to balance the slow trading of after Eid days, gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares. Earlier, KSE started the trading week on Monday with positive note and gained 94.50 points to stand at 30253.13 at 10:30am. In ... Read More »

PIA gets 2 Airbus A320 aircrafts on lease

ISLAMABAD: Bulgaria has handed over two A-320 Airbus aircrafts on lease to Pakistan. A PIA spokesman said the planes were received after following all the international rules and regulations of lease. The Airbus planes will be used for domestic and international flights. Read More »

LSE ends in green with Attock Refinery as volume leader

LAHORE: The Lahore Stock Exchange (LSE) 25-index witnessed bullish trend on first day of trading, Monday, and gained 18.92 points to reach 5444.51 and volume of 1,062,500 shares. The highest increase witnessed in price of the Attock Refinery Limited, Bank of Punjab (BOP) with 210,500 shares while the Ghazi Fabrics Limited remained the biggest losers of the day. As a ... Read More »

More awards for youngest Nobel Laureate, Malala

KARACHI: The European Union Education Foundation (EUEF) has nominated Nobel Laureate Malala Yousufzai for its annual award. The EUEF spokesperson Afzal Bukhari said that the foundation will award Malala for her contribution in the education field, adding that, a prize, worth about 10,000 euros, will be presented to her in Brussels in an award giving ceremony. It is important to ... Read More »

Pakistan to receive 1,000MW initially through CASA-1000: Sartaj Aziz

ISLAMABAD: The power import through the Casa-1000 electricity transmission project can attain a level of 4,000 MW, Sartaj Aziz, the prime minister’s foreign affairs adviser, has said. The Casa project, on completion, will allow the Kyrgyz Republic and Tajikistan to sell their excess hydropower to fill supply gaps in Afghanistan and Pakistan. In start of the project, Pakistan will receive ... Read More »

Weekly review: Rupee sheds 25 paisas against dollar after Eid holidays

LAHORE: The Pakistani rupee weakened in the following two-trading-day week started after the weekend and Eidul Adha holidays as the US dollar gained 20 paisas in inter-bank and 25 paisas in open market against Pakistani rupee from Thursday to Friday. As per detail, the value of dollar in inter-bank market was 102.4 on Thursday and 102.6 on Friday against rupee, ... Read More »

Weekly review: KSE maintains 30,000 plus position

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with a slow start after five days closure on weekend and Eidul Adha holidays and gained 46.72 points in the week-long trading, as it opened at 30103.23 points on Thursday and closed at 30149.95 points on Friday The week, which consists of two trading days only, was unexpectedly good for KSE as ... Read More »

Closing: KSE crosses 30,000 mark with 171 points gain

KARACHI: The Karachi Stock Exchange (KSE) 100-index with a slow start after holidays succeeded to gain 171.01 points to cross 30,000 mark and reach 30149.95 points. Volume of 107,520,680 shares on last day of trading, Friday. Earlier, KSE opened with positive note and kept on marching upward, crossed psychological barrier of 30000, by gaining 102.81 points to reach 30081.75 points ... Read More »

LCCI rejects increase in property tax

LAHORE: The Lahore Chamber of Commerce & Industry on Friday rejected increase in property tax rates and called for its downward revision. At a meeting with MNA Pervez Malik and Secretary Excise & Taxation Khalid Masood, the LCCI President called a spade a spade and termed the raise in property tax against business interests. The meeting was also addressed by ... Read More »

Toxic liquor: Excise Minister suspends 2 directors, 4 DCs over deaths

The Sindh Provincial Minister of Excise and Taxation Gayan Chand suspended two directors and four deputy directors in his department after 29 deaths due to toxic liquor drinking in Karachi. The minister also cancelled the licenses of vendors involved as six more people died today. As per details, until Wednesday about 23 people died after consuming homemade liquor (Kachi shrab) ... Read More »

Closing: KSE opens after 5 days closure, loses 124 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with bearish trend on Thursday after five days closure due to weekend and Eid holidays. The KSE lost 124.29 points to reach 29978.94 points and volume of 52,510,770 shares. Earlier, the rally started with downward trend, the KSE 100-index shed 50.48 points to reach 30052.75 points during midday trading on Thursday noon. ... Read More »

Growing gender inequality disturbing society: Zakia Hashmi

ISLAMABAD: The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) said that share of women in poverty is rising in Pakistan as compared to men which needed immediate attention of authorities. Many countries have been ignoring poor in their struggle for improved economic growth which has triggered poverty with affecting the women most, said Dr. Zakia Hashmi, President IWCCI. In ... Read More »

Sialkot Chamber office-bearers take charge of their offices

SIALKOT: The new cabinet of Sialkot Chamber of Commerce and Industry (SCCI) has sworn in. A leading exporter Fazal Jillani was elected unopposed as President of Sialkot Chamber of Commerce and Industry (SCCI) during its annual elections. Meanwhile, Mir Alamgir Myere was elected unopposed as SVP and Malik Naseer Akhtar as VP of SCCI. The newly elected SCCI office bearers ... Read More »

Nation celebrates Eidul Azha with religious zeal and zest

KARACHI: The nation is celebrating Eidul Azha with great religious zeal and zest to commemorate the supreme sacrifice of Hazrat Ibrahim (A.S). The day started with special prayers in mosques for the peace, progress and wellbeing of the country. In the federal capital, the main Eid congregation was held at Faisal Mosque whereas the largest Eid congregation in Lahore was ... Read More »

Weekly review: Bulls grip KSE before Eid as market gains 398 points

KSE remained in green zone most of the days in week long trading  KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 397.58 points in the week-long trading, as it opened at 29705.65 points on Monday and closed at 30103.23 points on Friday, despite another week of sit-ins and public meetings, creating political chaos across the country. At start of ... Read More »

Weekly review: Rupee steadier, weighs 20 paisas in interbank

LAHORE: The US dollar lost 20 paisas in inter-bank and 15 paisas in open market against Pakistani rupee during the week-long trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 102.6 on Monday and 102.4 on Friday against rupee, while, in open market its value was 102.75 on Monday and 102.6 on Friday, ... Read More »

Closing: KSE ends in green before 5 days closure

KSE is going to close for 5 days due to weekend and Eid holidays KARACHI: As the stocks markets across the country were going to close for five days, the Karachi Stock Exchange tried hard to end trading in green zone on last day of trading, Friday. The KSE slightly gained 31.65 for today to reach 30103.23points and volume of ... Read More »

ICCI calls upon FBR to simplify e-filing of tax returns

ISLAMABAD: The business community in a meeting at Islamabad Chamber of Commerce & Industry expressed concerns over the complicated e-filing system of tax returns and called upon the Federal Board of Revenue to simplify it in order to make it more user-friendly and easier for taxpayers. Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry addressing the meeting said ... Read More »

FBR re-designates Member HRM & Training posts

ISLAMABAD: The Federal Board of Revenue, in partial modification of office order No 201(1)S-MIR/2013 dated December 12, 2013, issued by Secretary Revenue Division, has re-designated the post of Member (HRM) BS-22 as Member (HRM) BS-21 and the post of Member (Training) BS-21 as Member (Training) BS-22 with immediate effect. Read More »