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Tag Archives: Tahirul Qadri

Midday: Bulls rule at KSE, 100-Index touches 31,327pts

KARACHI: Though the Karachi Stock Exchange (KSE) could not keep the pace of early trading, yet index gained 45 points to reach 31,327 points with the total volume of 67,939,650 shares on Tuesday midday. Earlier, bull-run kept in the stocks sail high after crossing all-time-high as KSE-100 index added another 80.31 points or 0.26 percent to the score tally, taking it ... Read More »

Weekly roundup: Bulls keep hold at KSE 100-Index with 206 score

KARACHI: Severe fight remained continued between bulls and bears at KSE during last week but finally bulls took edge over bears scoring 206.01 points at end of the week on Friday. The Karachi Stock Exchange (KSE) 100-index started with negative note on Monday and maintained this trend till end of the day, losing 171.98 points to finish at 29711.12 points ... Read More »

Fauji, Engro biggest gainers as KSE crosses 30,000 barrier

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend to cross 30,000 barrier on Thursday and gained 84.74 points to reach 30025.13 points with a volume of 108,461,400 shares. KSE made a good start in the first session and kept this bullish note till midday, crossing psychological barrier of 30,000 and gained 108.83 points to reach 30049.22 points ... Read More »

Midday: KSE 100-Index takes huge jump of 323.58 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index took a mammoth leap of 269.54 points in the beginning of the trading on Wednesday and extended this upward momentum till midday and recorded 323.58 points gain to reach 30017.85 after Pakistan Awami Tehreek leader Tahir-ul-Qadri called it quits and ended his 67 days old sit-in in Islamabad. On Tuesday, the benchmark KSE ... Read More »

Tahirul Qadri calls it quits, traders cheer up after 2 months

ISLAMABAD: Pakistan Awami Tehreek (PAT) chief Tahirul Qadri has shelved his party’s more than two month old sit-in in the federal capital. Traders and businessmen especially in Islamabad have shown contentment on Tahirul Qadri’s decision as business activities in the twin cities would come to touch peak again. Pakistan Awami Tehreek (PAT) chief, Dr. Tahirul Qadri has announced to temporarily ... Read More »

KSE continues bearish spree for 6th consecutive day, loses 689 points

KARACHI: Political uncertainty due to Imran Khan and Tahirul Qadri’s sit-ins, widening of gulf between MQM and PPP and profit-taking by shareholders caused 6th consecutive bearish rally at KSE-100 on Tuesday, losing another 16.85 points to close at 29694.27 points. The benchmark 100-Index almost lost 689 points in 6 straight days, in a rarely witnessed bearish spree. The benchmark KSE ... Read More »

Imran, Qadri sit-ins inflict ‘billions of dollars’ loss on fragile economy: Khawaja Asif

ISLAMABAD: Pakistan has lost “billions of dollars” due to the recent anti-govt sit-ins led by Imran Khan and Tahir-ul Qadri, said Defence Minister Khawaja Asif. Addressing a press conference, he accused both Imran Khan and Tahirul Qadri of damaging the economy and attempting to derail ties with China. Defence Minister Khawaja Asif said that due to sit-ins and protests led ... Read More »

Impact of Imran, Qadri sit-ins on economy

According to a World Bank report on South Asia’s Economic Opportunity, Pakistan has roughly incurred short-term losses equivalent to 2.1 percent of the Gross Domestic Product due to sit-ins launched by Imran Khan, chief of the Pakistan Tehreek-e-Insaf and Tahirul Qadri, chief of the Pakistan Awami Tehreek. However, the bank says that Pakistan achieved GDP growth of 4.1 percent during ... Read More »

Opening: KSE starts week with bearish trend

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 »

Reduction in petrol prices this Eid: Rs 12?

ISLAMABAD: Brent crude hit a 28-month low to $92.04 a barrel, falling from $115 a barrel in mid-June while benchmark US oil dropped below the $90 a barrel mark for the first time since April 2013. It is almost 18 percent decline in oil price in international markets while locally Petroleum Ministry has just decreased the petrol price by Rs ... Read More »

Finance Ministry blames sit-ins for rupee depreciation, debt increase

KARACHI: The ongoing political impasse has resulted in depreciation of rupee and the ongoing sit-ins of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek have forced foreign dignitaries to postpone their visits to Pakistan, according to the Finance Ministry. It is feared that prices of essentials will go up due to destruction of standing crops and increase in imports. This has ... Read More »

Imran, Qadri sit-ins and economy

Asian Development Bank (ADB) President Takehiko Nakao has expressed the apprehensions that the current political crisis in Pakistan can damage economy. In a meeting with Pakistan Prime Minister Nawaz Sharif, he appreciated the steps taken by the government to devise macroeconomic policies and contain inflation to a minimal level. He says that there is a need to further improve foreign ... Read More »

PICT to shift import Container Yard to ease congestion

KARACHI: The Pakistan International Container Terminal (PICT) would shift its import CY Full Release FR/RF containers to a rental place at Bay West Yard, West Wharf to help ease off congestion. PICT intimated the information through a letter Ref # CSD00001 dated September 10. The letter signed by Manager, Customs Services, PICT said that PICT is compelled to shift the import ... Read More »

Opening: KSE continues upward rally

KARACHI: Karachi Stocks Exchange (KSE) 100-index continued its upward rally on third day of trading with 34.85 points to 29763.76, recording a positive change of 0.12 percent. Once the market plunged to 29712.11 points but recovered with the passage of time. KSE remained positive due to fixture of another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf ... Read More »

Aftershocks of Imran, Qadri sit-ins

LAHORE: The aftershocks of the sit-ins by the Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri have begun to visibly appear in the economic horizon of the country after the postponement of Chinese President Xi Jingping’s visit to Pakistan. It was hoped that flood doors of the foreign direct investment would open in Pakistan with ... Read More »

KPCCI polls: Candidates of Businessman Group elected unopposed

PESHAWAR: The candidates of Businessman Forum on four vacant seats of (corporate group) for the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) elections for 2014-15 have been elected unopposed. For corporate group in executive body of KPCCI, the four contesting candidates, elected unopposed following the withdrawal of nomination papers by S Minhajuddin Shah. An election commission constituted for this ... Read More »

PTI, PAT sit-ins – cutting edge idea

As many as 18 districts out of 36 districts in Punjab have been declared calamity-hit after various crops spreading over thousands of hectors land have been destroyed in the recent rains. According to official sources, agriculture produce is expected to be lowered by 33 percent of its target this year, roads and highway infrastructure has been destroyed while adequate availability ... Read More »

Opening: KSE takes positive start with 110.91 points gain

KARACHI: Karachi Stocks Exchange (KSE) 100-index took a good start on second day of trading after gaining 110.91 points to 29696.51, recording a positive change of 0.37 percent. Once the market plummeted to 29585.60 points but recovered with the passage of time. KSE remained buoyant due to another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf (PTI) ... Read More »

Export consignments and PTI, PAT sit-ins

The federal government has started sending containers back to ports as the politically-charged atmosphere has begun to subside. The Islamabad administration had installed the containers on the city roads to block marchers of the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek from reaching Islamabad and containing them to certain areas. A ruthless official machinery had been used to impound the containers, ... Read More »

KCCI, UK-PAK chamber ink MoU to enhance bilateral trade

KARACHI: Senior Vice President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has said that KCCI’s delegation successfully participated in the “UK-Pakistan Trade Festival” organized recently by Consulate General of Pakistan at The Great Hall in Manchester Town Hall. KCCI’s delegation, which was led by Muffasar Atta Malik, Senior Vice President, comprised Muhammad Idrees, Vice President, ... Read More »