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KSE index surges by 260 points

Source: The News | 18-01-2013

Karachi Stock Exchange (KSE) welcomed the peaceful settlement resulting in the end of Islamabad D chowk sit-in and went on trading this morning in a jolly good mood.

KSE-100 index during the trading Friday morning was seen surged at 16,552 points, up by 260. The market was upbeat with the start of the business as the investors went on buying blue chips that saw the index jumped up by 260 to 16,552 points.

It may be recalled that the market being hit by political uncertainty was seen down by 500 points during the last few days of standoff between the participants of the Islamabad sit-in and a nexus of the political parties including the government in Islamabad and Lahore.

Our structurally weak model of economic growth

Source: Tribune | 25-03-2013

Pakistan’s economy witnessed an episode of high inflation between 2008 and 2011, after a period of exciting economic growth. What is interesting is that this boom-bust is not new, and high inflation after high growth is a phenomenon the economy has been witnessing for the past two decades. Interestingly, what we consider as primary reasons behind in..... Read more

Amnesty schemes cause Rs 15b loss to exchequer

Source: The Nation | 24-04-2013

According to simple mathematics, the experts believe that amnesty schemes announced and trumpeted in a manner as if it has brought in additional revenue whereas in fact it has only benefited some officials and tax evading citizens who should have been brought into tax net with penalties instead of amnesty. According to the calculations, if 51000 vehicles we..... Read more

Oil prices mixed in Asian trade

Source: Geo News | 28-10-2013

Oil prices were mixed in Asia on Monday as a bulge in US stockpiles indicated weak demand in the world's biggest economy, while there are growing concerns about supplies from the Middle East. New York's main contract, West Texas Intermediate (WTI) for delivery in December, was down 13 cents at $97.72 in mid-morning trade, while Brent North Sea crude..... Read more

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