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KSE sheds 332 points as global tumble weighs

Source: Geo News | 27-01-2014

Tracking a global tumble Karachi Stock Exchange (KSE) lost above 332 points to retreat at 26,670.60 level on Monday.

The benchmark 100-Index plunged by 1.23 percent.

Analysts say the global sell-off had a somewhat domino effect on the local bourse.

Index heavy-weights like Oil and Gas Development Co Ltd, Muslim Commercial Bank Ltd, and Engro Corporation Ltd suffered massive offloading.

Oil and Gas Development Co Ltd fell 2.16 percent to 273.50 rupees while Engro Corporation Ltd shed 3.32 percent to 173.60 rupees.

ZTBL violates rules to oblige Pervez

Source: Dawn News | 26-03-2013

The Zarai Taraqiati Bank Limited (ZTBL), the largest public sector financial institution lending agriculture credit, opened three branches in the constituency of former prime minister Raja Pervez Ashraf in the last few days in the office. The branches were opened at Bewal, Dhok Amb and Doltala and inaugurated by former prime minister’s brothers, o..... Read more

Pak-Turkey trade be increased

Source: The Nation | 01-02-2013

Karachi Chamber of Commerce & Industry President Muhammad Haroon Agar has stated that KCCI attaches high importance to Pakistan-Turkey bilateral trade due to geo-strategic locations of two brother Muslim Countries. Pakistan is a gateway to Central Asian Republics, South Asia, Middle East and China while Turkey is gateway to European Union. Speaking on..... Read more

All that is gold does not glitter: Is a rupee still worth a rupee?

Source: Tribune | 25-02-2013

As we near the end of the incumbent, democratically-elected government’s tenure, led by the Pakistan Peoples Party (PPP), and look forward to elections in 2013, one cannot escape a common question asked by many: “ Are we better off now than we were five years ago?”Many pro-Musharraf elements would claim that the Pakistani economy has weake..... Read more

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