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Tag Archives: Pakistan Awami Tehreek

83 MBP escalators, elevators on 24 bus stations by Jan 31

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ISLAMABAD: The Metro Bus Project Implementation Committee is hopeful to get the Rawalpindi-Islamabad metro-bus project (MBP) will be completed by the end of January 2015. The major work on Benazir Bhutto Shaheed Road and Ninth Avenue has been completed. “Protest demonstrations by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek caused a delay in the project but they are on track now”, ... Read More »

$500m Sukuk bond sale, $1.1b IMF tranche to take forex reserves to $15b: Ishaq Dar

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

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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 »

Midday: Volatility persists as KSE sheds 61 points

KSE20

KARACHI: Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume of 22,187,280 shares on the first trading day on Monday. The KSE once in the morning trading plummeted to 29766 and also went up to 29927 points. In ... Read More »

Opening: KSE 100-Index remains volatile in early trading

KSE-100

KARACHI: Karachi Stock Exchange (KSE) 100-index remained volatile in early trading on first session of the first trading day on Monday. KSE once in the morning trading plummeted to 29776 and also went up to 29927 points. The market shed 4.15 points to reach 29878.95 points with total volume of 4,716,500 shares till 9:45am. In the previous week, benchmark KSE 100-index opened ... Read More »

Midday: KSE keeps upward momentum, adds 217 points

KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index, continuing its upward motion of morning trading, has gained 217,76 points to stand at 30376.39 points and volume of 60,004,590. KSE started the trading week on Monday with positive note and gained 94.50 points to stand at 30253.13 at 10:30am. Last week KSE opened with a slow start after five days closure on ... Read More »

Opening: KSE starts week with positive note, gains 94 points

KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index started the trading week on Monday positively and gained 94.50 points to stand at 30253.13 and volume of 12,895,560. Last week KSE opened with a slow start after five days closure on weekend and Eidul Adha holidays and gained 46.72 points in the week-long trading, as it opened at 30103.23 points on Thursday ... Read More »

Opening: KSE starts week with bearish trend

KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday started with a nominal downward trend, shedding 1.87 points to reach 30101.36 points on the first day of trading 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, despite ... Read More »

Pak-China business cooperation

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China is emerging economic power and is heading fast toward becoming the largest economy in the world, outperforming the United States. And more importantly, the Chinese leadership wants to set up strong economic relations with Pakistan and the Chinese businessmen are willing to start joint ventures to boost economic activities not only in the two countries, but also in the ... Read More »

PTI, PAT sit-ins fail to affect Pak-Afghan trade

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ISLAMABAD: The prevailing political impasse has not affected trade between Pakistan and Afghanistan. The government and the commerce ministry have blamed the Pakistan Tehreek-e-Insaf and the Pakistan Awami Tehreek protesters for inflicting billions of rupees losses to the national exchequer. The government had been saying that exports had been blocked because foreign buyers had stopped placing new orders due to ... Read More »

Rupee weakens against US dollar in inter-bank trading

Rupee

KARACHI: Pakistani rupee on Thursday weakened in inter-bank against US dollar and strengthened in open market. According to currency market, US dollar gained 10 paisa and reached 102.6 in inter-bank, while it lost 10 paisa to reach 102.8 in the open market. On Wednesday, the US dollar weakened 20 paisa to reach 102.5 in inter-bank and strengthened 5 paisa to ... Read More »

PTI, PAT marches: Punjab govt launches crackdown on crane owners

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MULTAN: The Punjab government has started a crackdown on the cranes’ owners who had provided cranes to the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Awami Tehreek (PAT) on rent during their respective marches. As per details, the Punjab Police has started the crackdown on owners of cranes used for removing containers during marches after receiving the orders from the provincial ... Read More »

Midday: KSE firms gains, up 485 points amid stiff politicking

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KARACHI: The Karachi Stock Exchange’s benchmark KSE-100 on Tuesday consolidated its upward march and gained 485 points or 1.70 percent to reach 28979.47 in the midday trading, defying the prevailing bleak political scenario triggered by the ongoing sit-ins and subsequent police-protesters clashes at Red Zone in the federal capital. Despite gloom and doom prevailed across the political spectrum, the KSE-100 ... Read More »

FBR extends date for filing income tax returns

Tax return

ISLAMABAD: The federal government extended the date for filing income tax returns following the failure to address technical glitches in the online portal, depriving the taxpayers of incentives linked with timely filing of returns including reduction in tax rates. According to the Federal Board of Revenue (FBR) notification, the last date for filing income tax returns for fiscal year 2013-14 ... Read More »

Sit-ins put billions of dollars foreign investment at stake

Senate

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 »

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 »

Need to work out win-win solution

Analysis

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Tahirul Qadri ready for showdown in Red Zone

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ISLAMABAD: The tension rises in Islamabad as the Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has announced to move sit-in towards Parliament right inside the Red Zone. He, however, took a pledge from the protestors to remain completely peaceful and non-violent during the march towards Red Zone. Moreover, Dr Qadri repeated his demand for the arrest of the Sharif ... Read More »

IMF tranche likely next month as 4th review concludes

IMF

ISLAMABAD: With two more waivers for non-compliance, the government and the International Monetary Fund (IMF) are reported to have completed 4th review of $6.8 billion bailout package, paving the way for disbursement of a $550 million tranche to Pakistan likely early next month. Finance Minister Ishaq Dar reached Dubai on Sunday where concluded talks with the IMF mission to Pakistan ... Read More »

Azadi march likely to affect talks with IMF

Pakistan_IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »