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Tag Archives: Pakistan Tehreek-e-Insaf (PTI)

Rupee depreciates against dollar by 10 paisas to reach 100.3 in interbank

KARACHI: The Pakistani rupee on Thursday lost value against US dollar in interbank despite Pakistan Tehreek-e-Insaf (PTI) ended its 126-day-long sit-in, however, it remained stable in open market. As per local currency market, US dollar gained 10 paisas in interbank to reach 100.3 and remained unchanged in open market at 101.1. On Wednesday, the greenback remained unchanged on 100.2 in ... Read More »

KSE dips 0.60%, 100-index loses 190pts on vigilant trading on PTI’s ‘shutdown’ calls

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 189.93 points or 0.60 percent to reach 31589.82 points and volume of 133,563,780 shares on last day of trading due to vigilant trading by investors as Pakistan Tehreek-e-Insaf calls countrywide shutter down to protest against rigging in 2013 polls. The Karachi Stock Exchange Friday remained in bearish note as Pakistan Tehreek-e-Insaf ... Read More »

Closing: KSE loses 190pts, down 0.60% on vigilant trading on PTI’s ‘shutdown’ calls

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 189.93 points or 0.60 percent to reach 31589.82 points and volume of 133,563,780 shares on last day of trading due to vigilant trading by investors as Pakistan Tehreek-e-Insaf calls countrywide shutter down to protest against rigging in 2013 polls. The Karachi Stock Exchange Friday remained in bearish note as Pakistan Tehreek-e-Insaf ... Read More »

KSE 100-index sheds 85pts to reach 31694pts as PTI shuts down Karachi

KARACHI: The Karachi Stock Exchange Friday remained in bearish note as Pakistan Tehreek-e-Insaf (PTI) shut down the country’s business hub and biggest city, Karachi, for demanding Judicial Commission to probe into the election rigging. The country’s biggest stock exchange opened with negative note and lost 122 points in early trading. On Thursday, the KSE 100-index lost just 1.90 points or ... Read More »

$15b reserves by Dec end, revenue collection up by 14.3%, remittances by 15.2% in 4 months: Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has once again claimed that the government will achieve $15 billion foreign exchange reserves target by December, 31 2014 against the present $14 billion as IMF to release the 3rd and 4th tranches on December 17. He said this while talking to the office-bearers of APNS. The minister revealed that international experts had predicted if ... Read More »

Rs22b rebate: OICCI urges FBR to return foreign investors’ tax refunds

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) Chief Executive Abdul Aleem has criticised Federal Board of Revenue (FBR) over withholding Rs22 billion of the foreign investors as tax refund. Abdul Aleem, while talking to media, said that the tax refunds were the major hurdle in ease of doing business in Pakistan. The OICCI perception survey 2013 had revealed ... Read More »

OICCI urges FBR to return Rs22b tax refunds

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) Chief Executive Abdul Aleem has criticised Federal Board of Revenue (FBR) over withholding Rs22 billion of the foreign investors as tax refund. Abdul Aleem, while talking to media, said that the tax refunds were the major hurdle in ease of doing business in Pakistan. The OICCI perception survey 2013 had revealed ... Read More »

UBL divestment termed Asia’s best transaction as sale of Rs67.06b OGDCL, PIA’s 26% shares delayed

ISLAMABAD: Minister of State for Privatization Mohammad Zubair has said that the divestment of United Bank Limited (UBL) shares has been termed the year’s best transaction and an international financial magazine ‘The Asset’ has nominated it for its award. He revealed this while addressing a press conference. The minister said that Pakistan Tehreek-e-Insaf (PTI) had published a white paper criticising government’s ... Read More »

Power tariff be cut by 12pc as oil prices slashed to $78 from $115 per barrel

LAHORE: The federal government should cut power tariff by 12 per cent as the oil prices in the international market have further decreased. Pakistan produces most of its electricity through oil and the oil prices have been cut by 28 per cent to $78 from $115 per barrel since mid of the month of June this year. In the running ... Read More »

PTI sit-in: Dar warns against creating hurdles in investment

ISLAMABAD: Finance Minister Ishaq Dar, addressing the International Investment Conference, has said that no one would be allowed to create hurdles in investment in the country as the constitution, laws and governance structure protects foreign investment. Ishaq Dar strongly denounced the sit-in by Pakistan Tehreek-e-Insaf (PTI), and said that the government would not only meet the medium-term economic targets but ... Read More »

IHC bars Discos from collecting additional charges

ISLAMABAD: A single bench of the Islamabad High Court (IHC) Friday stopped power distribution companies (Discos) from collecting additional charges. The court was hearing petition filed by Pakistan Tehreek-e-Insaf (PTI) leaders including Asad Umar, Arif Alvi and Shireen Mazari who had alleged that National Electric Power Regulatory Authority (Nepra) and Discos were overcharging consumers every month to maximise their revenues ... 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 »

Midday: KSE keeps upward rally, gains 103 points

KARACHI: Started with positive note, the Karachi Stock Exchange (KSE) 100-index kept upward rally and crossed psychological barrier of 30000, by gaining 102.81 points to reach 30081.75 points on Friday, the last day of trading. On Thursday, the country’s biggest stock market lost 124.29 points to reach 29978.94 points and volume of 52,510,770 shares. Experts say that market has to ... Read More »

Opening: KSE gains 12 points

KARACHI: Trading at the Karachi Stock Exchange (KSE) 100-index started with positive trend and gained 12.38 points to reach 29991.32 points and volume of 11,141,200 shares on Friday, the last day of trading. On Thursday, the country’s biggest stock market lost 124.29 points to reach 29978.94 points and volume of 52,510,770 shares. Experts say that market has to survive the ... Read More »

Imran’s public meeting hampers businesses

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) show of power at Minar-e-Pakistan ground all sorts of business activities to a halt as the entire city wore a desert look while transport remained thin on the roads. Though it was Sunday, the public meeting affected the business activities adversely while people faced great difficulty in carrying out routine activities of life. The PTI ... 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 »

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 »