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Tag Archives: PTI

‘South Punjab importers demand stern action against Maersk, QICT for taking illegal detention & demurrage charges’

MULTAN: Business community of South Punjab are deeply concerned over the collection of unreasonable demurrage and detention charges by M/s Maersk Pakistan Pvt Ltd and Qasim International Container Terminal (QICT) from importers and asked the government to take special measures for protection of importers from blackmailing of said shipping company and terminal operator. It was stated by renowned importer and Chairman All ... Read More »

Dollar rises by Rs9.74 to touch Rs 134 mark as PTI govt decides to approach IMF

KARACHI: Dollar rate in interbank market on Tuesday increased by Rs9.74 to hit the mark of Rs134. The rate soared by Rs 9.75 at start of the trading today and the market was closed at Rs 124.25 on Monday. Analysts said uncertainty regarding financial position of the country led to the freefall of the dollar. After this sharp increase in ... Read More »

IK appoints Dr Jahanzeb as FBR chairman with mandate to recover looted Rs 1,000b in Customs green channel

ISLAMABAD: Dr Muhammad Jahanzeb Khan, a BS-22 officer of Pakistan Administrative Service, is transferred and posted as Chairman Federal Board of Revenue (FBR)/Secretary Revenue Division, with immediate effect and until further orders. PM Imran Khan has given him mandate to enhance FBR’s revenue, curb corruption from the Board and arrest Rs 1000 billion losses to the national exchequer through misuse ... Read More »

PTI asks NAB to hear helicopter case after polls

ISLAMABAD: The Pakistan Tehreek-i-Insaf has requested the National Accountability Bureau (NAB) to fix the case of alleged misuse of Khyber Pakhtunkhwa government’s helicopter by PTI chairman Imran Khan after the general elections. In a letter to the NAB, the PTI said it is difficult for Mr Khan to appear before it on Wednesday because he is busy in his party’s ... Read More »

Federal courts remain open on Monday

LAHORE: The federal courts remained open on Monday in the city. The Pakistan Tehreek-e-Insaf (PTI) announced shutter-down strike against the alleged rigging in elections 2013. The courts located in federal court building; customs and taxation court, anti-smuggling court, Banking courts, environmental court and appellate tribunal remained open. Judges reached offices on time but most of the staff did not show ... 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 cheers up as 100-index crosses 32,000pts; gains 294pts, 0.93pc

KARACHI: Stocks cheered up at the thaw in ‘political standoff’ and not only recouped overnight losses but crossed 32,000 points level to climb up to 32076.33 points with handsome gains of 294.68 points or 0.93 percent till midday on Thursday. It market have a field day as it gathered momentum to take the benchmark KSE 100-index to 31,913.82 points with ... Read More »

Violent political clashes panic stocks as KSE plunges to 32,032

KARACHI: Violent clashes between the workers of PML-N and Pakistan Tehreek-i-Insaf in Faisalabad triggered panic in the Karachi Stock Market and the KSE 100-index plunged to 32,032 points, losing 116.51 points or 0.36 percent till midday trading on Monday. The investors preferred caution and remained at sidelines. The market started the new trading week on a positive noted and appeared ... Read More »

Stocks up 24pts, 0.08%; eyes 33,000pts amid PTI ‘shutdown’ call

KARACHI: The Karachi Stock Exchange remained buoyant in its record-shattering journey as benchmark KSE-100 index added another 24.82 percent or 0.08 percent to the weekend closing of 32151.70 points to reach 32173.60 points in early trading on Monday. The market started the new trading week on a positive noted and appeared confident, setting eyes on another all-time high of 33,000 ... Read More »

KSE 100-index down by 35pts, 0.10pc as Nov 30 ‘showdown’ getting nearer

KARACHI: Stocks failed to cash in on the euphoria incited by Pakistan’s successful return to the international sukuk market after a gap of nine years and the benchmark KSE 100-index fell 35 points or 0.10 percent to come down to 31237.83 points in early trading on Friday. The KSE-100 index started trading at overnight losing of 31,270 and failed to ... Read More »

Karachi stock dips 0.58%, loses 183pts to reach 31133.77pts ahead of PTI’s Nov 30 ‘showdown’

KARACHI: Stocks remained bearish ahead of PTI’s call for a “historic” public meeting on Nov 30 in federal capital and widened overnight losses as KSE benchmark 100-index lost another 183 points to slide to 31133.77 points from overnight closing of 31,316.96 points in early trading on Tuesday. The market opened on negative note and remained bullish, forcing investor to exercise caution. ... 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 »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

KPK miners threaten sit-in in front of Imran Khan’s residence

MANSEHRA: The provincial government of Khyber Pakhtunkhwa did not lift ban on mining activities, renewal and issuance of mining licences due to which the Khyber Pakhtunkhwa Mines Owners Association threatened to stage a sit-in in front of PTI chairman Imran Khan’s residence in Islamabad if the provincial government failed to lift ban. “The ban imposed by the provincial government since ... Read More »

Imran doesn’t pay property tax of Zaman Park residence

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has not paid the property tax on his Zaman Park residence. Commencing his civil disobedience movement against the Nawaz-led government around two months ago, Imran had refused to pay his electricity bills and other taxes. To record his protest against inflated electricity bills, the PTI supremo had burnt his electricity bills at the Islamabad sit-in ... Read More »

Huge investment potential lies in Pakistan: Nawaz  

ISLAMABAD: Prime Minister Nawaz Sharif has urged the protesting parties to shun the course of anarchy and practice mature politics to fight the multiple issues faced by the country. Talking to the media persons here on Monday after attending the International Investment Conference, he said those trying to impede the process of development should reconsider their modus operandi. It appears ... Read More »

Tahirul Qadri calls it quits, traders cheer up after 2 months

ISLAMABAD: Pakistan Awami Tehreek (PAT) chief Tahirul Qadri has shelved his party’s more than two month old sit-in in the federal capital. Traders and businessmen especially in Islamabad have shown contentment on Tahirul Qadri’s decision as business activities in the twin cities would come to touch peak again. Pakistan Awami Tehreek (PAT) chief, Dr. Tahirul Qadri has announced to temporarily ... Read More »

PTI protest’s fear compels NEPRA to retain power tariff

ISLAMABAD: The government on Tuesday decided to retain the electricity tariff at an average rate of Rs11.52 per unit against a tariff of Rs13.81 per unit suggested by National Electric Power Regulatory Authority (NEPRA). The government decision is seemed to be heavily influenced by the announcement of PTI to stage protests against hike in power tariff. The government decided to ... 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 »