Posted on April 27, 2009
Karachi Stock Exchange (KSE), like other sectors of the economy, lingered and languished by Taliban factor went on trading today downbeat and lost over 100 points in the very few opening hours. Market pundits attributed this bout of pessimism in the market to the investors’ preference for wait and see, and taking out their investments [...]
Posted on April 27, 2009
WASHINGTON: Pakistan’s top finance and economic affairs adviser Shaukat Tareen met with World Bank President Robert Zoellick, who lauded the South Asian country’’s successful economic stabilization efforts and assured of the institution’’s continued support. Tareen, who is leading a delegation of Pakistani economic managers to the WB-IMF annual spring meetings, also participated in the Development [...]
Posted on April 27, 2009
Pakistan Petroleum Limited (PPL) and Lucky Cement have announced their financial results for July-March, 2009 Karachi Stock Exchange (KSE) handout said that PPL during July-March, 2009 earned 40 percent higher profit as compared same period previous year amounting to Rs20.97 billion, while the per share income worked out to Rs25.27. KSE handout further said that [...]
Posted on April 27, 2009
Panic selling pulled down prices of leading scrips at Karachi Stock Exchange (KSE) as 100-Index plummeted by 275.93 points to close at 7,344.94, dealers said. The turnover volume was low at 137.505 million shares as prices of 266 scrips sustained losses and 56 advanced while 11 remained unchanged. The market capitalization was eroded by about [...]
Posted on April 27, 2009
A former chairman of the Securities and Exchange Commission of Pakistan (SECP), Razi-ur-Rehman Khan, is said to have earned millions of rupees, along with other two Commissioners (one deceased), in the name of performance bonuses.
Posted on April 26, 2009
The current Code of Conduct for brokers is set out in the Third Schedule to the Brokers and Agents Registration Rules 2001. Apart from a general section on integrity, care and malpractice, it covers duty to the investor, brokers vis-à-vis other brokers, and brokers vis-àvis the Commission and stock exchange. It does not include such things as operational controls, conflicts of interest and proprietary trading.
Posted on April 26, 2009
Pakistan’s homegrown reform program is showing clear signs of economic stability after the country took some painful decisions under the most difficult environment, Adviser on Finance Shaukat Tareen said as he met with top financial leaders at the annual World Bank-IMF spring gathering. He said Pakistan has met all the benchmarks of the International Monetary [...]
Posted on April 26, 2009
Hamza Ali, After World War II, economists and politicians created the International Monetary Fund (IMF) to help keep the international financial system stable. From the outset, the Fund’s specific roles were to promote balanced growth of international [...]
Posted on April 26, 2009
Director General Intellectual Property Organization of Pakistan (IPO-Pakistan), Khalid Mahmood Bukhari has urged the govt to provide it an enforcement arm to combat prevailing high level of piracy in the country.
Pakistan ranks among the top ten countries where IPRs are violated the most and each year its economy suffers about Rs 12.5 billion in lost [...]
Posted on April 26, 2009
The dollar traded mainly lower on Friday as a brighter mood on global financial markets sharpened risk appetite and limited moves into safe haven currencies.
Sterling sank however on news that the British economy plunged deeper into recession in the first quarter of 2009.
Against the Japanese currency, the dollar eased to 97.13 yen from 97.95 yen [...]
