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Tag Archives: Imran Khan

PRV Section of Appraisement-West recovers Rs7.4m in 23 cases

KARACHI: The Post Release Verification (PRV) Section of Model Customs Collectorate (MCC) of Appraisement-West has recovered an amount of Rs7418993 in 23 cases in the month of August-2014. According to details, the PRV Section of MCC-Appraisement (West) has recovered an amount of Rs297487 through a Goods Declaration (GD) No75124; recovered an amount of Rs61342 through a GD No13959 and recovered ... Read More »

Closing: Karachi stocks show 8.75 points increase on Thursday

KARACHI: The Karachi Stocks Exchange 100-index gained only 8.75 points on Thursday to reach 29604.30 mark as political standoff still prevails in Islamabad. The KSE 100-index opened at 29523.78 and total trade volume remained 128,676,320 shares. The highest increase witnessed in price of Fauji Cement, Telecard Limited, Jah sidd Company and Engro Corporation while the Unilever Pakistan, Siemens Pakistan, Shield ... Read More »

Midday: KSE gains 128 points as upward rally goes on

KARACHI: Bullish trend continued at the Karachi Stocks Exchange and the 100-index added another 128.09 points to reach 29723.64 until midday on Thursday. Political standoff still prevails in Islamabad, but the government and the opposition parties in the assembly are making frantic efforts to break the deadlock after negotiating with the protesting Pakistan Tehreek-e-Insaf (PTI) of Imran Khan and Pakistan ... Read More »

Opening: KSE remains buoyant, gains 250 more points

KARACHI: Though political scenario remains hazy, stocks continue to capitalize on the developments taking place in the federal capital as Karachi Stock Exchange KSE-100 index roared past the overnight gains and added another 250 points or 0.86 percent to touch 29,510 in early trading on Wednesday. The market opened with positive sentiments and kept on marching upward, giving boost to ... Read More »

Economy in the dock

Through their contradictory statements, the government ministers have been repeatedly warning the nation about billions of rupees losses to the national exchequer since Imran Khan, chief of the Pakistan Tehreek-e-Insaf, and Dr Tahirul Qadri, chief of the Pakistan Awami Tehreek started their marches and sit-ins in the twin cities of Islamabad and Rawalpindi. Khurram Dastgir, the federal commerce minister, puts ... Read More »

Weekly roundup: Bears reign KSE amid Imran, Qadri sit-ins

KARACHI: As the Azadi and Inqilab marches led by Pakistani Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri entered third week, the bears and bulls kept fighting the whole last week at the Karachi Stock Exchange. The KSE 100-index started last week journey with initial 28,871.75 points and lost 304.01 points in five days ... Read More »

Weekly roundup: Rupee manages to reverse dollar blows

ISLAMABAD: The sentiments-driven rupee received blows on Monday on the back of what the market gurus called the political turmoil haunting the country’s feeble economy for more than two weeks in the name of Azadi and Inqilab marches led by Imran Khan and Tahirul Qadri. Followers of Khan and Tahirul Qadri have been massed outside Parliament since Aug 15 in ... Read More »

Karachi bourse bounces back with 793 points gain

KARACHI: The Karachi Stock Exchange 100-index bounced back on Friday with 793.31 points gain to close at 28,567.74, on the hope that the prevailing political impasses would end after the army showed its willingness to mediate between Pakistan Tehreek-e-Insaf chief Imran Khan and the federal government led by Prime Minister Nawaz Sharif. Sentiments at the market were high at the ... Read More »

Midday: KSE-100 index cheers up at hope for end to political impasse

KARACHI: The stocks was buoyed up by the hope for an apparent end to the prevailing political impasses as Karachi Stock Exchange 100 index bounced back with an increase of 886 points to reach 28660.37 in the midday trading on Friday. Sentiments at the market were high at the opening of the day as it gained more than one thousand ... Read More »

KSE takes fantastic start with 994.58 points gain

KARACHI: After bearish trend gripped the stocks market for the whole week, the KSE 100-Index took a fantastic start on Friday by gaining 994.58 points to 28,769.01, recording a positive change of 3.58 percent in early trading of the morning session. Political deadlock still prevails in the capital city due to sit-ins by Imran Khan and Tahirul Qadri. However, lodging ... Read More »

Customs serves recovery notices on 55 steal millers

SIALKOT: The Regional Tax Directorate in Gujranwala has issued tax recovery notices to 55 steal millers. The directorate has also collected Rs 500 million taxes in Gujranwala division despite the civil disobedience call given by the Pakistan Tehreek-e-Insaf Chairman Imran Khan. According to a senior official, the Federal Board of Revenue (FBR) has set another target of Rs 250 million ... Read More »

Mid-day: KSE crashes down, tumbles 543 points

KARACHI: Karachi Stock Exchange (KSE) 100-Index continued its slide and tumbled 543 points to touch 27634 till mid-day on Wednesday. KSE has dropped at least 1100 points in last 2 and a half day due to political deadlock prevailed in the capital city where PTI’s Imran Khan and PAT chief Tahirul Qadri are not backing off from their demand of ... Read More »

Imran, Qadri sit-ins: Economy suffers Rs 900b loss

ISLAMABAD: Senator Mushahidullah Khan on Tuesday claimed that sit-ins and protest demonstrations by Imran Khan and Tahirul Qadri had cost the national exchequer Rs 900 billion. Earlier, Commerce Minister Khurram Dastgir had claimed that the direct losses to the national economy due to the protest demonstrations stood at Rs 800 billion. While talking to this scribe here, the chairperson of ... Read More »

Midday: KSE loses 112 points  

KARACHI: Karachi Stocks Exchange (KSE) 100-Index lost 112 points till noon due to political uncertainty prevailed in the country. KSE 100-index once touched 28603 mark in start of the trading but could not sustain the momentum. Till mid-day, Index shed 112 points as confusion still persisted in the capital about the outcome of ongoing sit-ins of Imran Khan and Tahirul Qadri, ... Read More »

KSE drops 352 points amid Imran, Qadri sit-ins

KARACHI: The Karachi Stock Exchange (KSE) 100-index dropped 352.41 points on Monday to stand at 28519.34 points on the first day of the new business week because of Imran Khan and Tahirul Qadri’s sit-ins, demanding resignation of Prime Minister Nawaz Sharif. The stock market opened at 28871.7 points after two days of closure on the weekend. During the whole day ... Read More »

Trade union chief announces sit-ins against Imran, Qadri

ISLAMABAD: Ajmal Baloch, the president of All Pakistan Trade Union, has announced sit-ins in front of Pakistan Tehreek-e-Insaf Chairman Imran Khan’s house in Bani Gala and Minhajul Quran offices in protest against their sit-ins in Islamabad. Talking to Customs Today, Ajmal Baloch, said that representatives of the business community will take part in the sit-ins. He said that these two ... Read More »

Need to work out win-win solution

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Effects of protest rallies on business  

LAHORE (AFTAB AFZAL RANJHA): Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri are flexing their muscles to inflict heavy damages on the government by entering the Red Zone area in Islamabad. The Red Zone is a highly sensitive area where important government buildings and diplomatic enclave are situated. Any misadventure in the area ... Read More »

Implications of political chaos

LAHORE (AFTAB AFZAL RANJHA): If a strong industrial-base ensures welfare of the people, a strong political system guarantees a conducive environment for the industrial growth. However, in Pakistan, if we go one step ahead towards economic well-being, we take two steps back towards political disaster and this vicious circle has been going on in the country since independence. The current ... Read More »

KSE gains 34 points amid signs of respite in Red Zone

KARACHI: Karachi Stock Exchange (KSE) 100-index has gained 34.72 to reach 28664.84 points mark as the Prime Minister vows to ease the tension between government and protesting parties, deciding to woo PTI Chief. The KSE, the other day, witnessed bearish trend, losing 222 points to reach the level of 28,630 points due to the announcement of march on Red Zone ... Read More »