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Tag Archives: Pakistan Awami Tehreek PAT

OGDCL’s just 7.5pc shares worth $750m being disinvested

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Govt not privatising OGDCL, just disinvesting its 7.5pc shares worth $750m: Zubair clarifies

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Containers removed on Imran, Qadari’s partial evacuation

ISLAMABAD: The Interior Minister has ordered Islamabad police to remove containers deployed in 8 locations of Islamabad since August. Sources said that containers have been removed from Pakistan Television Road, Secretariat Chowk, Convention Center, France Chowk and Radio Pakistan Chowk but police have not received orders to remove containers from Constitution Avenue. It is important to mention here that the ... Read More »

Volatility erodes KSE rallying bids, goes down by 21 points

KARACHI: Stocks remained volatile as investors preferred to stay put as Karachi Stock Exchange’s benchmark KSE-100 index went down 21.2 points from overnight tally of 30094 points to reach 30073 points in the midday trading on Friday. Though the market opened with a positive note and added 48 points or 0.16 percent, the tone remained sluggish amid flurry of political ... Read More »

KSE recovers from overnight losses, gains 48 points

KARACHI: The Karachi Stock Exchange on Friday opened with a positive trend and added 48 points or 0.16 percent to overnight closing of 30094 to reach 30142.19 points amid flurry of political developments in early trading. The market remained fluctuating, depicting the prevailing uncertainty across different spheres. The Karachi Stock Exchange benchmark KSE-100 index fell 0.14% or 42.41 points to ... Read More »

Midday: Bears rout KSE bid for rally, sheds 111 points

KARACHI: It seems the bears have haunted back the Karachi Stock Exchange as the benchmark KSE-100 index plummet by almost 111 points from the overnight closing of 30180 points to 30081.71 point or 0.37 percent in the midday trading on Wednesday. Although it was a volatile opening in the Karachi Stock Exchange as stocks went down sharply, the KSE-100 index ... Read More »

Businessmen, daily-wage earners want early end to sit-ins

ISLAMABAD: Businessmen and daily-wage earner in the federal capital want an early end to the sit-ins staged by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for resumption of normal business and commercial activity. Former president Islamabad Chamber of Commerce and Industry Zahid Maqbool said that the national economy had suffered a loss of Rs1,200 billion to Rs1,300 billion due to the ... Read More »

Trade deficit shoots up by 28pc

ISLAMABAD: The country’s trade deficit has shot up by 28 percent in the first two months (July-August) of the ongoing fiscal year 2014-15 due to the massive increase in imports and continuous decline in exports. The country’s trade imbalance has recorded at $4.243 billion during July-August period of the financial year 2014-15 as against $3.308 billion of the corresponding period ... Read More »

Govt to take exports to $50b by 2018: Dastgir

ISLAMABAD: Adverse political relations between India and Pakistan have stopped the Commerce Minister and Commerce Secretary from attending ‘Aalishan Pakistan: Lifestyle Exhibition’ being held from September 11th to 14th, 2014 in New Delhi. Addressing a press conference, Federal Minister for Commerce Engineer Khurram Dastgir Khan said that both the neighbouring rivals could not initiate trade talks until diplomatic ties resumed ... Read More »

FBR body puts off 85 babus’ promotion for third time

ISLAMABAD: The Federal Board of Revenue (FBR) promotion committee put off the promotion cases of 85 officers for the third time in this week due to the prevailing uncertainty and political impasse in the wake of sit-ins in front of the Parliament House. The officers, whose promotions have been consistently delayed, belong to the Inland-Revenue and Customs wings of the ... Read More »

Closing: KSE stands ground, up by 335 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 335.26 to reach 29595.55 points as consensus between major political stakeholders to protect the parliament and democracy brought confidence in market. The KSE-100 index, opened at 29260, kept on marching upward and taken the total trade volume ... Read More »

Midday: Bull run continues as KSE-100 index gains 302 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 302 or 1.3 percent to reach 29,562 in the midday trading. The market opened with positive sentiments and kept on marching upward amid flurry of hectic politicking in the federal capital to end the weeks-long standoff. Though ... Read More »

Closing: KSE drops 74 points as Red Zone turns into battlefield

KARACHI: Karachi Stock Exchange (KSE) 100-index lost 74 points to fall to 28,493.74 on Monday as the federal capital remained tense after the supporters of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri tried to enter the Prime Minister’s House. The market opened on a depressing note over the political turmoil and straight ... 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 »

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 »

Sit-ins induced spiraling losses draw concerns

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

Imran, Qadri sit-ins: Women’s chamber for early end to political crisis

ISLAMABAD: The Islamabad Women Chamber of Commerce and Industry (IWCCI) has called for early resolution of the prevailing political crisis through meaningful dialogue between the government, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). The IWCCI also termed the ongoing sit-ins in capital in the name of Azadi and Inqilab marches against the national interests and tantamount to destabilising the ... Read More »

PTI, PAT sit-ins causing Rs 150b per day loss to economy

ISLAMABAD: The ongoing long marches and sit-ins have been causing financial losses to the tune of Rs 150 billion, on daily basis, to national economy besides rendering a large number of daily-wagers jobless. According to Trade Development Authority Pakistan (TDAP) Chief Executive SM Munir, Azadi march of Tehreek-e-Insaf and Inqilab march of Pakistan Awami Tehreek (PAT) were adversely affecting the ... Read More »

Imran, Qadri sit-ins: A mixed week for KSE 100-index

KARACHI: A war of nerve between bulls and bears had been continuing at the Karachi Stock Exchange for the entire previous week as the KSE 100-index jolted many a time owing to Azadi and Inqilab marches led by Imran Khan, the chief of Pakistani Tehreek-e-Insaf (PT) and Dr Tahirul Qadri, the chief of Pakistan Awami Tehreek (PAT) in the federal ... Read More »

Restart of talks helps rupee to firm value

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... Read More »