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Tag Archives: political impasse

LTU gets 70 cases for audit

LAHORE: The Large Taxpayer Unit (LTU) Lahore has been assigned almost 70 cases for audit through random computer selection. On the other hand, the LTU could not meet the set target during the first quarter of the current fiscal year. Sources told Customs Today that the LTU failed to meet the target until Monday. They said that the LTU faced ... Read More »

Midday: Stocks post gain of 251 points as KSE-100 crosses 30,000 mark

KARACHI: The Karachi Stock Exchange continued the upwards march on Friday as the benchmark KSE-100 index posted gain of 251.52 points or 0.84 percent to settle at 30,109.89 in the midday trading. Although local participants were cautious and most opted to take profit at current high levels, the market remained strong, drawing its strength from heavy foreign participation over the ... Read More »

Dollar reaches Rs103.30 as rupee continues to nosedive

KARACHI: The US dollar gained 63 paisa in the inter-bank currency exchange on Monday, reaching Rs 103.30 mark as uncertainty continues to prevail on the political horizon in the country. The experts blame the current political situation for frailty of rupee and fear that it may further depreciate if the situation did not return to normalcy. Earlier, currency experts had ... Read More »

American Business Council seeks early end to political crisis

KARACHI: The ongoing political impasse will only add further uncertainty to the future outlook of the businesses, hence a speedy resolution is imperative to alleviate the growing concerns of the business community. This was expressed by the participants of American Business Council (ABC) in the roundtable meeting of the year. The participants said that the first half of FY 2014 ... Read More »

Political impasses causing great loss to economy: Dastgir

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan said that the on-going sit-ins and uncertain situation prevailed in the country were causing loss of billions of rupees to the national economy. “The country’s economy cannot withstand further with the prevailing uncertainty as people from all walks of life are extremely upset due to the political impasses”, the minister. He said ... Read More »