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Tag Archives: news

Midday: Bull-run keeps KSE shinning, consolidates gains to 404pts

KARACHI: Bull-run continued to cheer the Karachi Stock Exchange (KSE) as benchmark KSE 100-Index after crossing highest-ever psychological barrier of 31,000 points kept on upward march to reach 31316.05 points with a considerable gaining of 404 points or 1.25 percent till midday trading on Monday. Earlier, the market started the new week at the weekend closing of 30912 points and ... Read More »

Cheering KSE climbs up highest-ever 31,000pts, gains 324pts

KARACHI: Buoyant Karachi Stock Exchange (KSE) kept on cheering as benchmark KSE 100-Index crossed highest-ever psychological barrier of 31,000 points to climb up to 31254 points, gaining 324.32 points or 1.05 percent in early trading on Monday. The market opened at the weekend closing of 30912 points and continued upward march, setting the pace for trading. It was beginning of ... Read More »

1st 4-month: Cement sales up by 8.87pc to 8.197m tonnes

LAHORE: First four months of the current fiscal year witnessed a boom in the sale of Cement which grew 8.87 percent to 8.197 million tones so far. According to the All Pakistan Cement Manufacturers Association (APCMA), in July-October, exports of cement decreased 4.43 percent to 2.79 million tonnes against the corresponding period of last fiscal year. The association claimed that ... Read More »

Regulator Trade Organisations terms industry, trade lifeline for economy

FAISALABAD: The Pakistan Textile Exporters Association (PTEA), the biggest trade Association of textile exporters, is a symbol of entrepreneurship, hard work, determination, dedication and patriotism. Established in 1985 as All Pakistan Cloth Exporters Association, it has grown bigger with each passing day is currently the leading representative body of textile exporters. This was stated by Pakistan Textile Exporters Association (PTEA) ... Read More »

Discretionary powers: PM refrains Ogra from issuing 26 CNG marketing licences

ISLAMABAD: Following rising gas demand, Prime Minister Nawaz Sharif refrained the Oil and Gas Regulatory Authority (Ogra) from issuing 26 marketing licences to compressed natural gas (CNG) stations. The government also decided to review orders of the Supreme Court that enabled Ogra to issue fresh CNG licences held up for a couple of years. The government also sought details and ... Read More »

50,000mw power by ‘30: IEEEP for putting energy projects shares on bourses

KARACHI: The Institution of Electrical and Electronics Engineers Pakistan (IEEEP) underscored the need for floating shares of energy projects in the stock market to collect the requisite funds for energy projects. Institution of Electrical and Electronics Engineers Pakistan (IEEEP) President Engineer Mohsin M Syed made the suggestion while addressing 35th Annual Convention/ AGM of IEEEP here. ICI Pakistan Chief Executive ... Read More »

WB backs Punjab to train more than 29.16m labour force

LAHORE: The World Bank (WB) has been extending all-out support to Punjab for strengthening training system and produce skilled labour force in various sectors to cater to the needs of growing industry. These views were expressed by World Bank Senior Education Specialist, Human Development Unit for South Asian Region Ms Scherezad J Monami Latif while talking to LCCI President Ijaz ... Read More »

LCCI fears SRO 412(1)2014 to shoot up medical treatment cost

LAHORE: The government should withdraw SRO 412(1)2014 forthwith as it will deprive majority of the poor population affordable treatment. The Lahore Chamber of Commerce and Industry vehemently demand the government to withdraw SRO 412(1)2014 issued by Drug Regulatory Authority of Pakistan (DRA) to ensure that the middle and the poor segments of society can avail cheap medical treatment. LCCI Vice ... Read More »

FPCCI sets to act as catalyst for exploring Pak-Vietnam gigantic consumer market

KARACHI: There is a great demand for Pakistani products including textile, chemical, rice, leather, sports goods and surgical instrument in Vietnam and the upcoming first-ever high-level visit of FPCCI businessmen will leave a far-reaching impact of trade ties between the two countries. This was stated by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zakaria Usman while talking ... Read More »

New vistas open up as Dutch lifts ban from cattle trade

ISLAMABAD: After more than a decade, the Dutch government has decided to lift import restrictions for Pakistan. As per details, the Netherlands Food and Consumer Product Safety Authority formally announced lifting cattle import restrictions for Pakistan. According to the Dutch Embassy spokesman, both the countries have agreed on a protocol to resume trade after 11 years. The availability of world-class ... Read More »

Sale of ‘fatal’ cooking oil, ghee goes on unchecked

KARACHI: Adulterated and substandard cooking oil and vegetable ghee continue to playing with the public health, raising the number of patients having different fatal diseases in Pakistan. The malpractice has been going on in broad daylight, jarring at the performance and presence of the authorities concerned. According to Pakistan Vanaspati Mills Association (PVMA) Chairman Atif Ikram, the government should control ... Read More »

CDA swoops on encroachers, demolishes illegal structures

ISLAMABAD: The Capital Development Authority’s (CDA) Enforcement Directorate launched a vigorous crackdown on encroachment in different areas to weed out the menace. Different teams of the CDA Enforcement Directorate demolished illegal boundary wall and structures on the authority’s land in Mohallah Chajar of Bari Imam area. Similarly, the anti-encroachment teams also demolished an illegal under-construction shop in Muslim Colony and ... Read More »

KSE-100 Index at all-time high of 30889pts with 225 more scores

KARACHI: The bull-run continued to help the stocks rise high as Karachi Stock Exchange benchmark KSE-100 index broke its all-time high and touched the unprecedented level of 30889, posting commendable gains of 225 points or 0.74 percent till midday trading on Friday. It seems the market has decided to touch the level of 31,000 as had predicted by experts and ... Read More »

6pc growth by 2018 under Vision 2025: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal said that the government was striving hard to materialise the dream of Pakistan-China trade corridor. While briefing members of Federal Cabinet about the performance of his ministry here, the minister said that the Planning and Development Ministry had focused the preparation of Vision 2025 since inception of the government. He declared ... Read More »

Opening: KSE sets to rise further, gains another 112 points

KARACHI: Upbeat Karachi Stock Exchange recouped overnight buoyancy and kept engaged investors, taking the benchmark KSE-100 index all-time-high of 30776 points, adding another 112points or 0.37 percent in early trading on Friday. Though Friday is the last trading day at the market, stocks appeared determined and kept on adding to the score tally while boosting confidence of the investors. The ... Read More »

SHC extends stay order against construction of nuclear plants

KARACHI: A Sindh High Court (SHC) bench, headed by its Chief Justice Maqbool Baqar, granted extension in a stay order already issued against the construction of two nuclear power plants – K-II and K-III till November 12. The Pakistan Atomic Energy Commission requested the court to allow construction to begin, claimed that the stay order was losses to the tune ... Read More »

Opening: Shining KSE adds another 162 points, reaches 30755

KARACHI: Stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level. The mark opened at overnight closing of 595 points and appeared buoyant, maintaining upward trend. The market sustained bullish mood as was indicated by experts and analysts. Market bandits expected that the index ... Read More »

Punitive duties: Pakistan drags EU to WTO

ISLAMABAD: Pakistan took the European Union to the World Trade Organisation, challenging the latter’s move of imposing punitive duties on Pakistani exports of polyethylene terephthalate (PET). As per details, Pakistan is of the view that the EU has violated the WTO rules by imposing anti-subsidy duties on PET, which is used in synthetic fibres, plastic bottles and food containers. Under ... Read More »

42-paisa per unit cut: K-Electric ordered to share Rs5.421b with consumers

ISLAMABAD: Top power sector watchdog the National Electric Power Regulatory Authority (Nepra) ordered K-Electric to shares benefits of Rs5.412billion from its profits with its consumers and provide them immediate relief. According to reports, the Nepra’s decision comes as part of a mechanism included in K-Electric’s approved tariff in 2009, under which the power distribution company is bound to pass on ... Read More »

Philippine’s H1 banking profit plummet 34.7pc

MANILA: The Philippine banking sector’s net profit dropped 34.7% in the first half of the current year from a year ago as local banks suffer from trading losses. The country’s central bank, the Bangko Sentral ng Pilipinas (BSP), said the whole industry’s net profit in the first six months of 2014 reached only Php63.7bn (USD1.42bn) after earning Php97.7bn (USD2.17bn) a ... Read More »