Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
After dropping 272 points on October 19, the KSE-100 index gained 45 points on Thursday, October 20 amid news of relaxation in banking regulations to close at 11,685 points. There was a rumour that the government has relaxed the FSV regulation for banks and thus the previously monotonous sector, showed signs of life with investors […]
Disastrous floods in the province of Sindh have jolted the economy of Pakistan badly and it is estimated that the GDP (gross domestic product) growth rate will fall by 0.5 per cent for the current financial year. One of a senior official in the Ministry of Finance cited in a background briefing that the country’s […]
In a bid to improve the economic activity of the country, the Government of Pakistan has decided to refund old-age benefit and social security deposits to registered textile exporters. Secretary of Textile Ministry Shahid Rashid signified the importance of the textile industry and highlighted that this sector remains to be the biggest source of foreign […]
Amid depreciation in the Pakistan Rupee against the US Dollar, stocks have shown a steady trend in October. The exchange rate shows how much one currency is currently worth in terms of the other. If the value of the local currency increases in terms of the foreign currency, the local currency is said to be […]
It is not the first time that movie costumes have become an insignia for a cult or a group of activist but the Guy Fawkes mask has become a new sensation for the protesters in the worldwide campaign against capitalism and politics. Activists all around the world have been seen wearing Fawkes masks, registering their […]
Prime Minister inaugurates construction of Diamer-Bhasha dam Prime Minister Sayed Yousuf Raza Gilani has laid the foundation stone of the Diamer-Bhasha dam on the Indus River, near Chilas. He cited that the $12 billion project will produce 4,500 megawatts of electricity and will have a storage capacity of over 8 million acre feet of water. […]
International coal conference will be held at Karachi Karachi will be hosting the International coal conference on 22nd October to create awareness among all walks of life regarding energy security for Pakistan. The Sindh, being the richest province with natural reserves, is also endowed with one of the biggest coal (lignite) deposits in the […]
After two relatively stable days, the KSE-100 index dropped 271 points on Wednesday, October 19 to close at 11,640. The index crossed the 12,000 barrier last week, but failed to stabilise and has since nose-dived. The market opened with a gap of around 50 points, largely due to POL’s result announcement, but a selling spree […]
Another grave incompetence of the government’s poor planning was revealed on Monday, when it was admitted on the floor of the house that the ship-mounted rental power plant anchored in Karachi is eating up a staggering Rs. 780 million per month to generate merely 51 megawatts of electricity. When one of the PML-N minister, Muhammad […]
The Chinese weak economic data heavily influenced the International Forex Market. The Crude Oil turned upward after hitting a one-week low while Gold slumped down for a session in the Forex market. David Meger, who is the director of metals trading at Future Broker Vision Financial Markets said, “Gold does not seem to garner the […]
With no positive news in the market for the second-consecutive day, the KSE-100 index plunged 63 points to close at 11,912 points on Tuesday, October 18. Engro closed on the lower cap for the second successive day after authorities announced that gas to the production plant will be closed until further notice. A lower lock […]
Despite of bad law and order situation in Karachi, the city is still attracting a number of foreign investors to start their operations in Pakistan. Lotte, a South Korean company, is undertaking an extensive program to swell out its operations and is willing to invest $500 million in a number of projects in Pakistan. In […]
