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Tag Archives: Tahirul Qadri

Opening: KSE continues upward trajectory, adds 207 points

KARACHI: Though political scenario remains foggy, Karachi Stocks continue to capitalize on the developments taking place in the federal capital. KSE-100 index added another 207.04 points to touch 29720.82 in early trading on first business day. The market opened with positive sentiments and kept on marching upward, giving boost to the investors’ confidence. Investors were comforted as they sensed a ... Read More »

Bulldozing Chinese president’s visit

Chinese President Xi Jinping has cancelled his scheduled visit to Pakistan – a move that was already feared in view of the ongoing sit-ins in Islamabad by Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri. Some circles in the federal capital claim that China’s security team did not give security clearance to their president to visit ... Read More »

Induction of Grade 1-16 staff needed at Appraisement-East

KARACHI: One of the major challenges that the Model Customs Collectorate (MCC) of Appraisement-East is facing today is that there has been no induction of Grade 1-16 staff for over 15 years. Informed sources told Customs today that the shortage of the staff due to non-recruitment of fresh blood is depriving the opportunity to have access to better performance. Though ... Read More »

Midday: KSE recovers early losses  

KARACHI: The Karachi Stocks Exchange (KSE) 100-index remained volatile till midday on Friday due to uncertainty hovering over the political horizon of the country despite ongoing talks between the government and Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri. At start of the trading, the KSE even plunged to 29496.19 points but recovered with the ... Read More »

Opening: KSE takes negative start in early trading

KARACHI: As govt and PTI-PAT teams could not reach any deal, KSE 100-index once against took a negative start, shedding 20.85 points to 29583.45 in early trading of the morning session on Friday. At start of the trading, KSE even plunged to 29496.19 points but recovered with the passage of time. Dr Arif Alvi of PTI dispelled an impression that the ... Read More »

China issues guidelines to revolutionize its shipping industry

BEIJING: China has come up with a set of guidelines to revolutionize its shipping industry while increasing shares in shipping firms such as China COSCO and China Shipping. The world’s biggest trading nation will introduce tax and other regulatory reforms while pushing shipping firms to upgrade and modernise their fleets to build an efficient, safe and environmentally friendly shipping system ... Read More »

PRV Section of Appraisement-West recovers Rs7.4m in 23 cases

KARACHI: The Post Release Verification (PRV) Section of Model Customs Collectorate (MCC) of Appraisement-West has recovered an amount of Rs7418993 in 23 cases in the month of August-2014. According to details, the PRV Section of MCC-Appraisement (West) has recovered an amount of Rs297487 through a Goods Declaration (GD) No75124; recovered an amount of Rs61342 through a GD No13959 and recovered ... Read More »

Closing: Karachi stocks show 8.75 points increase on Thursday

KARACHI: The Karachi Stocks Exchange 100-index gained only 8.75 points on Thursday to reach 29604.30 mark as political standoff still prevails in Islamabad. The KSE 100-index opened at 29523.78 and total trade volume remained 128,676,320 shares. The highest increase witnessed in price of Fauji Cement, Telecard Limited, Jah sidd Company and Engro Corporation while the Unilever Pakistan, Siemens Pakistan, Shield ... Read More »

Midday: KSE gains 128 points as upward rally goes on

KARACHI: Bullish trend continued at the Karachi Stocks Exchange and the 100-index added another 128.09 points to reach 29723.64 until midday on Thursday. Political standoff still prevails in Islamabad, but the government and the opposition parties in the assembly are making frantic efforts to break the deadlock after negotiating with the protesting Pakistan Tehreek-e-Insaf (PTI) of Imran Khan and Pakistan ... Read More »

Opening: KSE remains buoyant, gains 250 more points

KARACHI: Though political scenario remains hazy, stocks continue to capitalize on the developments taking place in the federal capital as Karachi Stock Exchange KSE-100 index roared past the overnight gains and added another 250 points or 0.86 percent to touch 29,510 in early trading on Wednesday. The market opened with positive sentiments and kept on marching upward, giving boost to ... Read More »

Weekly roundup: Rupee manages to reverse dollar blows

ISLAMABAD: The sentiments-driven rupee received blows on Monday on the back of what the market gurus called the political turmoil haunting the country’s feeble economy for more than two weeks in the name of Azadi and Inqilab marches led by Imran Khan and Tahirul Qadri. Followers of Khan and Tahirul Qadri have been massed outside Parliament since Aug 15 in ... Read More »

KSE takes fantastic start with 994.58 points gain

KARACHI: After bearish trend gripped the stocks market for the whole week, the KSE 100-Index took a fantastic start on Friday by gaining 994.58 points to 28,769.01, recording a positive change of 3.58 percent in early trading of the morning session. Political deadlock still prevails in the capital city due to sit-ins by Imran Khan and Tahirul Qadri. However, lodging ... 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 »

Imran, Qadri sit-ins: Economy suffers Rs 900b loss

ISLAMABAD: Senator Mushahidullah Khan on Tuesday claimed that sit-ins and protest demonstrations by Imran Khan and Tahirul Qadri had cost the national exchequer Rs 900 billion. Earlier, Commerce Minister Khurram Dastgir had claimed that the direct losses to the national economy due to the protest demonstrations stood at Rs 800 billion. While talking to this scribe here, the chairperson of ... Read More »

Midday: KSE loses 112 points  

KARACHI: Karachi Stocks Exchange (KSE) 100-Index lost 112 points till noon due to political uncertainty prevailed in the country. KSE 100-index once touched 28603 mark in start of the trading but could not sustain the momentum. Till mid-day, Index shed 112 points as confusion still persisted in the capital about the outcome of ongoing sit-ins of Imran Khan and Tahirul Qadri, ... Read More »

KSE drops 352 points amid Imran, Qadri sit-ins

KARACHI: The Karachi Stock Exchange (KSE) 100-index dropped 352.41 points on Monday to stand at 28519.34 points on the first day of the new business week because of Imran Khan and Tahirul Qadri’s sit-ins, demanding resignation of Prime Minister Nawaz Sharif. The stock market opened at 28871.7 points after two days of closure on the weekend. During the whole day ... Read More »

Effects of protest rallies on business  

LAHORE (AFTAB AFZAL RANJHA): Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri are flexing their muscles to inflict heavy damages on the government by entering the Red Zone area in Islamabad. The Red Zone is a highly sensitive area where important government buildings and diplomatic enclave are situated. Any misadventure in the area ... Read More »

Implications of political chaos

LAHORE (AFTAB AFZAL RANJHA): If a strong industrial-base ensures welfare of the people, a strong political system guarantees a conducive environment for the industrial growth. However, in Pakistan, if we go one step ahead towards economic well-being, we take two steps back towards political disaster and this vicious circle has been going on in the country since independence. The current ... Read More »

Economy suffers as Qadri takes sit-in into Red Zone

ISLAMABAD: Imran Khan’s call for civil disobedience has sparked anger amongst the business community as economy has already suffered billions of rupees losses in a few days of political standoff. The Karachi Stock Exchange lost 222 points on Tuesday as panic and fear gripped the shareholders. On another note, Tahirul Qadri’s call to his die-hard supporters to march towards Red ... Read More »

Imran Khan, Qardi sit-ins keep foreign business delegations away

ISLAMABAD: Various high-level foreign delegations, investors and businessmen have cancelled their visits to Pakistan as political unrest gripped the capital city due to Azadi and Inqilab marches of Imran Khan and Tahirul Qadri. Both the leaders have announced to march into the Red Zone where security has been handed over to Pakistan Army. The International Monetary Fund (IMF) cancelled its ... Read More »