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Tag Archives: Commerce Ministry

KSE-100 strongly rebounds with 359pts, nears to historic 32,000pts mark

KARACHI: Bulls bounced back strongly and kept their rule at the Karachi Stock Exchange (KSE) again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares on first day of trading, Monday. The market started the week in a fashion and picked up the thread from weekend closing of 31344.07 ... Read More »

Weekly review: KSE observes mixed week, gains 400pts to set new mark

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 400 points in the week-long trading, as it opened at 30,912 points on Monday and closed at 31344.07 points on Friday. On Monday, Bull-run continued to cheer the Karachi Stock Exchange (KSE) as the benchmark KSE 100-Index after crossing highest-ever psychological ... Read More »

Commerce Ministry fails in recovering income tax rebates from NTC officials

ISLAMABAD: The Commerce Ministry has failed in complying with directions of the Auditor General of Pakistan (AGP) regarding recovery of Rs 1.807 million from the National Tariff Commission (NTC) officials. A ministry source told Customs Today that the ministry was conveyed about the said directions in January 2014, but no development has been made in this regard. The source revealed ... Read More »

Closing: KSE falters on 32,000pts rally, reverses to 31344pts losing 97.75pts

  KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 ... Read More »

Commerce Ministry takes President Ghani’s possible visit as good omen for bilateral trade

Delegation of over 30 Afghan businessmen is likely to accompany Ghani Pakistan has always welcomed Afghan president’s focus on strengthening trade ties which would favour both economies   ISLAMABAD: The Commerce Ministry eyes a robust increase in bilateral trade with Afghanistan as a result of upcoming visit of Afghan President Ashraf Ghani to Pakistan. Ghani is expected to visit Pakistan ... Read More »

Closing: KSE tumbles on 32,000pts rally, sheds 187pts to close at 31441.82pts

KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the new highs. ... Read More »

Tuesday November 11- Monday November 17, 2014

E paper

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Closing: Buoyant KSE flying high to cross 32,000pts, registers another 325 points

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points to settle at 31629.20 points on Wednesday. The Karachi Stock Exchange continued upward march steadily and all day seems to have gained the confidence to keep the bull-run prevail, ... Read More »

Weekly review: KSE makes history, nearly touches 31,000 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 553.51 points in the week-long trading, as it opened at 30,376.53 points on Wednesday and closed at 30,930.04 points on Friday. Earlier, the Customs Today predicted that the KSE 100-Index would touch the benchmark of 31,000 points till closing of the ... Read More »

Closing: KSE 100-Index grazes all-time record of 31,000pts with 0.001% on intra-day high of 30999.71pts

KARACHI: The Karachi Stock Exchange (KSE) KSE 100-Index has almost grazed the highest-ever psychological barrier of 31,000 points on Friday with 0.001% with intra-day high of 30999.71 points. KSE gained 266.26 points to close the week on 30930.04 points and volume of 158,275,810 shares on last day of trading, Friday. At a time, it looked that the market would touch or even ... Read More »

Commerce Ministry fails to lure GCC into signing PTA, FTA

Kuwaiti premier vowed to support on FTA during his visit to Pakistan in November 2013     ISLAMABAD: The Commerce Ministry has failed to lure the Gulf Cooperation Council (GCC) into signing preferential trade agreement (PTA) and free trade agreement (FTA). A source in the ministry told Customs Today on Thursday that the ministry under the terms of Article-II of ... Read More »

Pakistan urges Russia to sign preferential and free trade agreements

Commerce Ministry has moved draft of recommendations to government for establishment of joint business council with Russian Federation   ISLAMABAD: Pakistan has requested the Russian Federation to reconsider signature of preferential trade agreement (PTA) and free trade agreement (FTA). PTA is a trade pact between countries that reduces tariffs for certain products to the countries who sign the agreement. However, ... Read More »

Closing: KSE maintains all time high position, up 70 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 70.47 points to reach 30663.78 points and volume of 211,621,120 shares on Thursday by maintaining all time high postion. Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am. The mark opened at overnight ... Read More »

Deputy Collector Tauqir says development of infrastructure at land ports can boost trade

Customs official praises measures taken by Commerce Ministry for infrastructure development and land port     LAHORE: Development of infrastructure at the land ports can enhance the trade activities, said Customs Deputy Collector Tauqir Dar at Wahga border. Talking to Customs Today, Dar praised the measures taken by the Commerce Ministry regarding the infrastructure development and establishment of a land ... Read More »

Closing: KSE compensates holidays, adds 216 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 216.78 points to reach 30593.31 points and volume of 133,854,400 shares on the start of trading after Ashura holidays, Wednesday. Earlier, the market began the week on a positive note and the benchmark 100 index kept on upward march, setting the trend for the trading. The Karachi Stock Exchange KSE-100 went up 107 ... Read More »

Commerce Ministry cautious in signing more pacts after trade balance suffers

  ISLAMABAD: Due to the adverse impacts on Pakistan’s trade balance with other countries, the Commerce Ministry is cautious in signing further Preferential Trade Agreements (PTAs) and Free Trade Agreements (FTAs) with other countries. Pakistan signed FTAs with SAARC on January 2004, Sri Lanka on June 12, 2005, China on November 2006, and with Malaysia on November 2007. Pakistan signed PTA ... Read More »

Closing: KSE 100-Index rebounds with 172 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 172.44 points to reach 30376.53 points and volume of 74,527,210 shares on last day of trading, Friday. Earlier in the morning, the market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading. Buoyancy ... Read More »

Income Tax Returns filing date extended to Nov 21

ISLAMABAD: Federal Finance Minister and Federal Board of Revenue have received a number of requests for extension in date of filing of Income Tax Returns for Tax Year 2014, from FPCCI, Provincial Chambers of Commerce & Industry, All Pakistan Tax Bars Association, Pakistan Tax Advisors Association, All Pakistan Anjuman-e-Tajran and various other Trade Bodies and Business Associations stating that due ... Read More »

Closing: KSE bounces back, scores 91 points  

KARACHI: The Karachi Stock Exchange (KSE) 100-index 90.85 points to reach 30204.09 points and volume of 81,187,130 shares on Thursday. Benchmark KSE 100-index gained 133.43 points to reach 30246.67 points with the total volume of 42,072,860 shares till midday. Earlier, the country’s biggest stock market started with positive note, recouping two days losses and gained 74.38 points to reach 30187.62 points ... Read More »

Commerce Ministry to set up land ports at Chaman, Wagah, Torkham

ISLAMABAD: The Ministry of Commerce is planning to establish Land Port Authority to supervise, monitor and accelerate trade with neighbouring countries, Customs Today learnt Tuesday. As per plans, initially three land ports will be set-up at Wagah, Chaman and Torkham to provide all the required facilities to the exporters and importers immediately on the beginning of their foreign visits or ... Read More »