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Tag Archives: political deadlock

US dollar strengthens in open market

KARACHI: Pakistani rupee weakened in open market and remained stable in inter-bank against US dollar on the last working day of the trading week in the local currency market. According to currency market, US dollar gained 5 paisa in open market to reach 102.85 and remained stable with 102.6 in inter-bank. On Thursday, US dollar gained 10 paisa and reach ... Read More »

Political deadlock dangerous for economy: ADB

ISLAMABAD: Asian Development Bank (ADB) President Takehiko Nakao has warned the current political gridlock in the country could damage Pakistan’s newly-stabled economy. Nakao, talking to media persons, praised the government for improving the macro-economic outlook and pursuing a liberalisation agenda. Lauding the government achievements, he said that Pakistan’s growth rate was picking up, the inflation rate was becoming more managed, ... Read More »

Political deadlock delays major economic transactions: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that the prolonged protests against the government are causing delay in three major economic deals. He said this while talking to the Asian Development Bank’s newly-appointed president Takehiko Nakao. However, Ishaq Dar assured Nakao that the government would resolve the issue amicably as it had already constituted a committee on electoral reforms, said ... Read More »

Midday: Stocks plunge 433 points as political stalemate persists

KARACHI: The bears continue its rampage in Karachi Stock Exchange (KSE) as benchmark 100-Index shed 433 points and plummeted to 27378.67 in midday trading on Thursday. The KSE has dropped more than 1,400 points in past 3 days due to the political deadlock persisted in the capital city Islamabad where PTI’s Imran Khan and PAT Chief Tahirul Qadri are not backing ... Read More »