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Pakistani stocks close lower, rupee steady

Source: dawn | 08-01-2013

Pakistani stocks closed lower on Monday as political uncertainty caused investors to trim their positions at local bourses. Volumes also remained on the lower side.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.88 per cent, or 146.19 points, lower at 16,502.65.In the currency market, the Pakistani rupee ended nearly steady at 97.42/97.48 against the dollar, compared to Friday’s close of 97.42/97.47.

Financial Services firm Jahangir Siddiqui fell 3.52 per cent to 14.80 per share and Byco Petroleum was down 1.6 per cent to 13.57 per share.Maple Leaf Cement was up 2.56 per cent to 14.85 per share while Askari Bank rose 2.1 per cent to 18 per share.Overnight rates in the money market remained flat at 9.25 per cent.

Ministry trains 400 farmers for clean cotton picking

Source: The Nation | 10-01-2013

Ministry of Textile Industry has so for trained about 400 cotton growers and field workers across the cotton growing areas of Punjab and Sindh provinces for clean cotton picking and maintaining cotton fiber quality parameters. The MinTex has so far organized seven training workshops on clean cotton picking to aware the farmers and field workers to m..... Read more

Govt relaxes prior security clearance policy

Source: The Nation | 13-03-2013

The policy of obtaining a prior security clearance for the companies seeking incorporation with foreign investment in Pakistan or foreigners intending to invest in local companies has been relaxed by the Interior Ministry. The ministry has made the relaxations on the recommendations of the Securities and Exchange Commission of Pakistan (SECP). The securit..... Read more

CNG union demands uniform gas tariff to decrease rates

Source: The Nation | 09-01-2013

All Pakistan Compressed Natural Gas Association has demanded gas tariff as equal to other sectors to cut down CNG retail price, said Chairman Supreme Council APCNGA Ghiyas Paracha while addressing press conference here on Tuesday. APCNG suggested Federal Adviser Dr Asim having Canadian nationality should go back to Canada that would be better.He bl..... Read more

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