Archive for July, 2009

Aggressive buying at KSE; Index surges by 228 points

Posted on July 4, 2009

KARACHI: Bulls returned to Karachi Stock Exchange (KSE) on Thursday as aggressive buying pushed the benchmark KSE-100 up by 228 points to close at 7,498. Investors were seen taking fresh positions in various stocks on expectation of interest rate cut in the upcoming monetary policy besides steps taken to reduce rate of profit on National [...]

KSE-100 Index climbs over 7,200 level

Posted on July 1, 2009

KSE-100 Index, State Bank of Pakistan, DG Khan Cement,

David Lipton meets Tarin

Posted on July 1, 2009

ISLAMABAD: David Lipton, Senior Director for International Economics, National Security Council of USA, on Monday showed keen interest in the nine-point agenda of the government and assured cooperation in the development of Pakistan. David Lipton called on the Adviser to Prime Minister on Finance, Shaukat Tarin. During the meeting, Tarin briefed Lipton about the state [...]

Gas price decreases 2pc to 4pc, OGRA

Posted on July 1, 2009

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced 2 to 4 per cent decrease in gas prices while the notification in this regard has been issued late on Tuesday, Geo news reported. According to notification issued from OGRA, the cut in gas prices will be applicable with effect from Wednesday, July 01, 2009 [...]

National Saving Certificates profits curtailed

Posted on July 1, 2009

ISLAMABAD: The profit rates on National Saving Certificates have been brought down 1.9 from 0.5 percent. According to Central Directorate of National Saving, the profit rate on Special Saving Certificate is 11.62 percent; the profit rate on Revenue Income Certificate made 12 percent. The profit rate on Pension and Behbood Certificate went down to 14.16 [...]