Economy
The challenge of reviving Pakistan’s economy
Islamabad, April 22, 2019: In the early twentieth-century agricultural economy was at zenith in the Indo Pak sub-continent and the erstwhile Indian Civil Service was created by the colonial powers for the collection of revenue called at that time land revenue. For that purpose, the Indian Civil service was vested with magisterial powers to rule…
A volatile market during the week; cabinet reshuffles market momentum
Islamabad, April 20, 2019: After starting off on a positive note, the market witnessed a steep decline during midweek, before finally staging a recovery during the final trading session to close at 37,292 level, down marginally by 0.1 percent WoW. There was a minor recovery in volumes +18 percent WoW, which have been depressed in…
‘Parliamentary system is protected under constitution’: Sheikh Rashid
Lahore, April 20, 2019: Railways Minister Sheikh Rashid Ahmed has said that the Parliamentary system was protected under the constitution of the country. He was responding to a question about chances of changing parliamentry system with Presidential form of governance in the country, during a press conference at PR headquarters here on Saturday morning. “…
Pak Stock closes higher on Finance Minister resignation
Karachi, April 19, 2019: Finance Minister’s resignation gave the market the required impetus and investors showed their confidence with an increase of 917 points. According to Arif Habib Research, almost everything from Banks to Steel saw healthy buying activity, which was further aided by prospects of discovery in offshore Indus, giving way to buying activity…
Turkish Consul General in Karachi visits CDC House
Karachi, April 19, 2019: A delegation from the Turkish Consulate General in Karachi, headed by His Excellency Tolga Uçak, Consul General of Republic of Turkey, and his team visited the Central Depository Company (CDC). Representatives of leading Pakistani corporates and Turkish Businesses in Pakistan attended this event. Moin M. Fudda, Chairman, CDC Board of Directors,…