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Tag Archives: sit-ins

Weary of sit-ins induced-losses: Traders want ban on protests

ISLAMABAD: weary of the long protests and sit-ins and subsequent losses, the traders of the federal capital have emphasized on the government settle all political issues through and put a complete ban on political protests in the federal capital to avoid any hindrance to their businesses. It is to be noted that the local traders and businessmen have been bearing ... 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 »

OGDCL share price cut by Rs40-50 on declining oil rally

ISLAMABAD: The price of Oil and Gas Development Company Limited (OGDCL) share has decreased by Rs40 to Rs50, owing to declining in crude oil prices globally. This was stated by Privatisation Commission Chairman Mohammad Zubair, while talking to media. He said that sale of 10 per cent shares of the company would not affect the employees as the government had ... Read More »

Petrol price reduced by Rs9.43 per litre

ISLAMABAD: Pakistanis finally received good news among the piles of bad reports especially of increasing inflation as Prime Minister Nawaz Sharif Friday announced reduction in petroleum prices by Rs9.43 per litre. Customs Today has another feather in its cap as this leading community newspaper was first to break this news of reduction in petroleum, oil & lubricant (POL) prices before ... Read More »

Govt not privatising OGDCL, just disinvesting its 7.5pc shares worth $750m: Zubair clarifies

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Dar determined to cut public debt ratio to 55pc, deplores $4.5b loss

LAHORE: Federal Minister for Finance Ishaq Dar has said the government was committed to bring the fiscal deficit from 8.8 per cent to 4 per cent in the next three to four years. Addressing the participants of the 101st session of National Management College Lahore here, Ishaq Dar said the foremost challenge facing the government today was reducing the fiscal ... Read More »

Imran, Qadri sit-ins inflict ‘billions of dollars’ loss on fragile economy: Khawaja Asif

ISLAMABAD: Pakistan has lost “billions of dollars” due to the recent anti-govt sit-ins led by Imran Khan and Tahir-ul Qadri, said Defence Minister Khawaja Asif. Addressing a press conference, he accused both Imran Khan and Tahirul Qadri of damaging the economy and attempting to derail ties with China. Defence Minister Khawaja Asif said that due to sit-ins and protests led ... Read More »

Midday: Bears haunt markets, KSE sheds 50 points

KARACHI: Started with downward trend, the Karachi Stock Exchange (KSE) 100-index further shed 50.48 points to reach 30052.75 points on the first day of trading on Thursday noon 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, ... Read More »

Midday: KSE keeps upward momentum, gains 69 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday witnessed variation in trading but remained positive, by gaining 69.45 points and reached 30066.06 index, recording a positive change of 0,23 per cent. Earlier in the morning, KSE made a wonderful start and crossed 30,000 psychological barrier by gaining 129.56 points and reached 30126.17. On Wednesday, benchmark KSE-100 remained in green zone ... Read More »

Commerce minister vows to increase exports despite challenges

ISLAMABAD: Federal Commerce Minister Khurram Dastgir Khan  has said the government will increase exports despite challenges. He said  that policy reforms would be introduced in Budget 2015-16 in this regard. He said that departments concerned have been told to make consultations to resolve issues of importers. Under the vision of Prime Minister Nawaz Sharif, he said, the federal and provincial ... Read More »

Sit-ins causing delay in $34b investment: Shahbaz

LAHORE: Chief Minister Shahbaz Sharif has said that prolonged sit-ins in the federal capital by some unwise people are causing delay in $34 billion investment in Pakistan. He was addressing the signing ceremony of MoUs between Punjab government and Yantie, industrial city of Chinese province Shandong. The chief minister said that the sit-ins had caused massive loss to the national ... Read More »

SBP monetary policy unchanged as rupee goes down

  ISLAMABAD: The State Bank of Pakistan, in a monetary policy statement, has decided not to change its policy rate at 10 percent for the next two months. As Pakistan has rebuilt its foreign exchange reserves, the rupee remained stable during the recent few months. However, the currency started losing its value last month after Pakistan Tehreek-e-Insaf (PTI) Chairman Imran ... 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 »

FBR body puts off 85 babus’ promotion for third time

ISLAMABAD: The Federal Board of Revenue (FBR) promotion committee put off the promotion cases of 85 officers for the third time in this week due to the prevailing uncertainty and political impasse in the wake of sit-ins in front of the Parliament House. The officers, whose promotions have been consistently delayed, belong to the Inland-Revenue and Customs wings of the ... Read More »

PIAF hopeful of headway in political deadlock

LAHORE: The PIAF-Founders Alliance has expressed its optimism about a peaceful resolution to the prevailing political deadlock which has virtually brought economic activities to a halt. In a joint statement, PIAF Chairman Malik Tahir Javed and other leaders, including Mian Anjum Nisar, Mian Muhammad Ashraf, Lahore Township Industries Association Chairman Chaudhry Zaheer Bhutta, leader of Kattar Band Road Industrial area ... Read More »

Sit-ins put billions of dollars foreign investment at stake

ISLAMABAD: The government fears that billions of dollars foreign investment will go down the drain due if sits-ins by the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek continue in the federal capital. “The ongoing PTI and PAT sit-ins have been hitting the national economy hard as foreign investors are reluctant to invest in the country owing to the prevailing political impasse ... Read More »

Sit-ins induced spiraling losses draw concerns

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

Mid-day: KSE crashes down, tumbles 543 points

KARACHI: Karachi Stock Exchange (KSE) 100-Index continued its slide and tumbled 543 points to touch 27634 till mid-day on Wednesday. KSE has dropped at least 1100 points in last 2 and a half day due to political deadlock prevailed in the capital city where PTI’s Imran Khan and PAT chief Tahirul Qadri are not backing off from their demand of ... Read More »

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »