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Tag Archives: Imran Khan

Misusing DTRE: FBR plans crackdown on importers, exporters

KARACHI: The Directorate of Internal Audit of Pakistan Customs on the directives of Federal Board of Revenue (FBR) has started the audit of Duty Taxes Remission on Export (DTRE) and examination sector for the year 2013-14. According to details, the FBR authorities have asked the directorate of internal audit to finalize its audit report this week and submit it to ... Read More »

Closing: Bears dominate KSE amid political uncertainty in Islamabad

KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 37.60 points to reach 29691.31 points due to prolonged political uncertainty haunting the federal capital. The market opened with negative note losing points to reach 29712.11 from the overnight 29728 points in midday trading; however, market recovered quickly gaining 59 points to reach 29787 after that. The KSE 100-index opened at 29665.90 and total ... Read More »

Opening: KSE continues upward rally

KARACHI: Karachi Stocks Exchange (KSE) 100-index continued its upward rally on third day of trading with 34.85 points to 29763.76, recording a positive change of 0.12 percent. Once the market plunged to 29712.11 points but recovered with the passage of time. KSE remained positive due to fixture of another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf ... Read More »

Aftershocks of Imran, Qadri sit-ins

LAHORE: The aftershocks of the sit-ins by the Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri have begun to visibly appear in the economic horizon of the country after the postponement of Chinese President Xi Jingping’s visit to Pakistan. It was hoped that flood doors of the foreign direct investment would open in Pakistan with ... Read More »

KPCCI polls: Candidates of Businessman Group elected unopposed

PESHAWAR: The candidates of Businessman Forum on four vacant seats of (corporate group) for the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) elections for 2014-15 have been elected unopposed. For corporate group in executive body of KPCCI, the four contesting candidates, elected unopposed following the withdrawal of nomination papers by S Minhajuddin Shah. An election commission constituted for this ... Read More »

PTI, PAT sit-ins – cutting edge idea

As many as 18 districts out of 36 districts in Punjab have been declared calamity-hit after various crops spreading over thousands of hectors land have been destroyed in the recent rains. According to official sources, agriculture produce is expected to be lowered by 33 percent of its target this year, roads and highway infrastructure has been destroyed while adequate availability ... Read More »

Closing: KSE up 143 points on another round of talks

KARACHI: The Karachi Stocks steadily built on the overnight gains and rose by 143.31 points to take the stocks benchmark KSE-100 to 29728.91 points, shrugging off several pressing problems the country has been grappling with at different fronts, on Tuesday. The KSE-100 opened on an upbeat note and kept on upwards march aggressively, boosting confidence of the investors. Once the ... Read More »

Opening: KSE takes positive start with 110.91 points gain

KARACHI: Karachi Stocks Exchange (KSE) 100-index took a good start on second day of trading after gaining 110.91 points to 29696.51, recording a positive change of 0.37 percent. Once the market plummeted to 29585.60 points but recovered with the passage of time. KSE remained buoyant due to another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf (PTI) ... Read More »

Export consignments and PTI, PAT sit-ins

The federal government has started sending containers back to ports as the politically-charged atmosphere has begun to subside. The Islamabad administration had installed the containers on the city roads to block marchers of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek from reaching Islamabad and containing them to certain areas. A ruthless official machinery had been used to impound the containers, ... Read More »

KCCI, UK-PAK chamber ink MoU to enhance bilateral trade

KARACHI: Senior Vice President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has said that KCCI’s delegation successfully participated in the “UK-Pakistan Trade Festival” organized recently by Consulate General of Pakistan at The Great Hall in Manchester Town Hall. KCCI’s delegation, which was led by Muffasar Atta Malik, Senior Vice President, comprised Muhammad Idrees, Vice President, ... Read More »

Closing: Bulls at KSE bounce back amid PTI, PAT talks with govt

KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 71.82 points to reach 29585.60 mark on the first day of the trading week, Monday, as the positive signs were prevailing about the resolution of the current political standoff in the federal capital. The market opened at 29513.78 with positive sentiments, kept on marching upward and taken the total trade volume to ... Read More »

Opening: KSE continues upward trajectory, adds 207 points

KARACHI: Though political scenario remains foggy, Karachi Stocks continue to capitalize on the developments taking place in the federal capital. KSE-100 index added another 207.04 points to touch 29720.82 in early trading on first business day. The market opened with positive sentiments and kept on marching upward, giving boost to the investors’ confidence. Investors were comforted as they sensed a ... Read More »

Bulldozing Chinese president’s visit

Chinese President Xi Jinping has cancelled his scheduled visit to Pakistan – a move that was already feared in view of the ongoing sit-ins in Islamabad by Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri. Some circles in the federal capital claim that China’s security team did not give security clearance to their president to visit ... Read More »

Induction of Grade 1-16 staff needed at Appraisement-East

KARACHI: One of the major challenges that the Model Customs Collectorate (MCC) of Appraisement-East is facing today is that there has been no induction of Grade 1-16 staff for over 15 years. Informed sources told Customs today that the shortage of the staff due to non-recruitment of fresh blood is depriving the opportunity to have access to better performance. Though ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »

Weekly review: Bulls emerge victorious with 938 points gains at KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 938.67 points in weeklong trading as it opened at 28567.74 points on Monday and closed at 29506.41 points on Friday. The KSE witnessed bullish trend most of the days, despite another week of sit-ins, protests, clashes and political unrest in the federal capital. The first day of trading, however, was not ... Read More »

Closing: Political uncertainty pushes KSE down 97 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened at a bearish note on Friday and went down by 97.89 points to reach 29506.41, as political strife still haunted the federal capital. The highest index was witnessed at 29659.91 points, while the lowest level was recorded at 29467.97 points. Trading volume decreased to 35,105,980 shares in stock market. Experts were of ... Read More »

Midday: KSE recovers early losses  

KARACHI: The Karachi Stocks Exchange (KSE) 100-index remained volatile till midday on Friday due to uncertainty hovering over the political horizon of the country despite ongoing talks between the government and Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri. At start of the trading, the KSE even plunged to 29496.19 points but recovered with the ... Read More »

Opening: KSE takes negative start in early trading

KARACHI: As govt and PTI-PAT teams could not reach any deal, KSE 100-index once against took a negative start, shedding 20.85 points to 29583.45 in early trading of the morning session on Friday. At start of the trading, KSE even plunged to 29496.19 points but recovered with the passage of time. Dr Arif Alvi of PTI dispelled an impression that the ... Read More »

China issues guidelines to revolutionize its shipping industry

BEIJING: China has come up with a set of guidelines to revolutionize its shipping industry while increasing shares in shipping firms such as China COSCO and China Shipping. The world’s biggest trading nation will introduce tax and other regulatory reforms while pushing shipping firms to upgrade and modernise their fleets to build an efficient, safe and environmentally friendly shipping system ... Read More »