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Tag Archives: Pakistan Tehreek-e-Insaf

KSE up by 1.17%, gains 364pts; 100-index reaches 31375pts

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Monday maintained upward momentum and gained 364.17 points or 1.17 per cent to reach 31375.32 points with total volume of 58,436,970 shares till midday. Earlier, KSW 100-index up by 0.83 per cent after adding 256 points to reach 31267 points with the total volume of 15,166,150 shares in early trading. On the last ... Read More »

KSE dips 0.38%, 100-index loses 122pts to reach 31657.69pts in early trading

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Friday started with negative note and lost 122 points or 0.38 per cent to reach 31657.69 points with total volume of 6,988,150 shares in early trading. On Thursday, the KSE 100-index lost just 1.90 points or 0.01 percent to close 31779.75 points and volume of 156,845,190 shares. Yesterday, the market opened at ... Read More »

Traders move IHC against PTI sit-in in Islamabad

ISLAMABAD: Traders have moved the Islamabad High Court against the proposed sit-in of the Pakistan Tehreek-e-Insaf on November 30. Traders have filed a petition against the proposed sit-in in the IHC. They have also placed banners in the city in this regard. Trader unions have appealed to the federal government not to give permission to the PTI to stage the ... Read More »

83 MBP escalators, elevators on 24 bus stations by Jan 31

ISLAMABAD: The Metro Bus Project Implementation Committee is hopeful to get the Rawalpindi-Islamabad metro-bus project (MBP) will be completed by the end of January 2015. The major work on Benazir Bhutto Shaheed Road and Ninth Avenue has been completed. “Protest demonstrations by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek caused a delay in the project but they are on track now”, ... Read More »

$500m Sukuk bond sale, $1.1b IMF tranche to take forex reserves to $15b: Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that foreign currency reserves will be increased up to $15 billion till December 31 this year through selling Sukuk bond worth $500 million as IMF has also nodded to give $1.1 billion instalment. Ishaq Dar, while talking to media, said that the government would first hold roadshows and then float sukuk in the ... Read More »

Foreign reserves to be increased up to $15b thru sale of $500m Sukuk bond: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that foreign currency reserves will be increased up to $15 billion till December 31 this year through selling Sukuk bond worth $500 million as IMF has also nodded to give $1.1 billion instalment. Ishaq Dar, while talking to media, said that the government would first hold roadshows and then float sukuk in the ... Read More »

PTI collects Rs 16.42 million Azadi Fund

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has announced that party has collected Rs 16.42 million through Azadi Fund till October 31. He said that people’s commitment and passion for Naya Pakistan is astounding. It is important to mention here that the PTI chairman has asked party workers to donate for Naya Pakistan fund to continue the sit-ins in Islamabad. Read More »

Midday: KSE gives up early gains

KARACHI: The Karachi Stock Exchange (KSE) 100-index witnessed low trading and gain just 5.59 points to reach 29988.04 points with total volume of 49,437,800 shares till midday on Friday, the last day of trading. Earlier, benchmark KSE 100-index took a good start and once again crossed the psychological barrier of 30,000, gaining 155.89 points to reach 30138.34 with volume of ... Read More »

Opening: KSE bounces back, crosses 30,000 level

KARACHI: The Karachi Stock Exchange (KSE) 100-index took a good start and once again crossed the psychological barrier of 30,000, gaining 155.89 points to reach 30138.34 with volume of 831,561,540 shares till 9:45am on Friday, the last day of trading. Yesterday, benchmark KSE-100 index lost 138.54 points on closing to reach 29982.45 points and volume of 80,322,100 shares. Earlier, the ... Read More »

Impact of Imran, Qadri sit-ins on economy

According to a World Bank report on South Asia’s Economic Opportunity, Pakistan has roughly incurred short-term losses equivalent to 2.1 percent of the Gross Domestic Product due to sit-ins launched by Imran Khan, chief of the Pakistan Tehreek-e-Insaf and Tahirul Qadri, chief of the Pakistan Awami Tehreek. However, the bank says that Pakistan achieved GDP growth of 4.1 percent during ... Read More »

IESCO cuts power supply to Imran’s Bani Gala residence

ISLAMABAD: Pakistan Tehreek-e-Insaf Chairman Imran Khan has to pay the price for his civil disobedience as the Islamabad Electric Supply Company (IESCO) on Monday disconnected power supply to his Bani Gala house due to non-payment of bills. According to IESCO spokesman Fayyaz Hussain Saddiqui, the power supply to Imran’s house has been disconnected for not paying the electricity bills of ... Read More »

Opening: KSE starts week with bearish trend

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday started with a nominal downward trend, shedding 1.87 points to reach 30101.36 points on the first day of trading after five days of Eid holidays. The KSE 100-index gained 397.58 points in the week-long trading, as it opened at 29705.65 points on last Monday and closed at 30103.23 points on Friday, despite ... Read More »

Pak-China business cooperation

China is emerging economic power and is heading fast toward becoming the largest economy in the world, outperforming the United States. And more importantly, the Chinese leadership wants to set up strong economic relations with Pakistan and the Chinese businessmen are willing to start joint ventures to boost economic activities not only in the two countries, but also in the ... Read More »

Imran, Qadri sit-ins and economy

Asian Development Bank (ADB) President Takehiko Nakao has expressed the apprehensions that the current political crisis in Pakistan can damage economy. In a meeting with Pakistan Prime Minister Nawaz Sharif, he appreciated the steps taken by the government to devise macroeconomic policies and contain inflation to a minimal level. He says that there is a need to further improve foreign ... Read More »

PTI, PAT marches: Punjab govt launches crackdown on crane owners

MULTAN: The Punjab government has started a crackdown on the cranes’ owners who had provided cranes to the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Awami Tehreek (PAT) on rent during their respective marches. As per details, the Punjab Police has started the crackdown on owners of cranes used for removing containers during marches after receiving the orders from the provincial ... 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 »

Imran, Qadri sit-ins: Ministry seeks funds to compensate containers’ owners

ISLAMABAD: The Federal government has started sending import/export containers back to ports as the owners have been demanding millions of rupee rent and compensations for their stolen and damaged containers. As per details, Islamabad administration has removed the containers used to block the roads in Red Zone Diplomatic Enclaves and deployed federal police force in place of containers. The owners ... Read More »

FBR extends date for filing income tax returns

ISLAMABAD: The federal government extended the date for filing income tax returns following the failure to address technical glitches in the online portal, depriving the taxpayers of incentives linked with timely filing of returns including reduction in tax rates. According to the Federal Board of Revenue (FBR) notification, the last date for filing income tax returns for fiscal year 2013-14 ... Read More »

Dastgir hails Azad Kashmir traders for rejecting Imran’s call

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has supported the business community in Azad Kashmir for rejecting the call of civil disobedience by Pakistan Tehreek-e-Insaf chief Imran Khan. The representatives of the business community in Azad Kashmir were of the view that the call of civil disobedience will further weaken the economy. They demanded Imran Khan take the call back. ... Read More »

Azadi march likely to affect talks with IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »