Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Hassan Shehreyaar Yasin(HSY) opens house for a two-day Sale on the selected items of his collection Hassan Shehreyaar Yasin (HSY), announced the two-day sale on October 14-15, which is the second sale of its kind just a week away from his first similar venture. Unlike his first sale which was 75-80% on the selected collection […]
Dawn Media group is all set to showcase Pakistan’s largest agriculture exhibition The Dawn Media group is all set to showcase Pakistan’s largest agriculture exhibition in association with Engro Corp in two different cities of the country. According to the official dates, “The Dawn Pakistan Agri Expo” exhibition will be held on 11& 12 February, […]
The KSE-100 index shed 12 points on Monday, October 17 to close at 11,976 points. After volumes had soared last week citing an expansionary monetary policy, they plunged down to 79 million, indicating that conditions are still not congenial for investors. Unfavourable macroeconomic conditions overshadowed the government’s effort to attract investment last week and the […]
Fertilizer manufacturing faces hurdles from natural gas shortage Fertilizer industry of Pakistan has fallen victim to the shortage of natural gas even before the start of winter season. Although there are only unnoticeable changes in the weather, the load shedding problem is already showing its vitals. The Sui Northern Gas Pipelines Limited has stated that […]
Chinese group pulls out of Thar coal mining project The Kingho group, one of the China’s largest private coal mining company, has withdrawn from the Thar coalfield all of a sudden and it seems as if the company has lost its interest in the mining project in Pakistan. The Chinese group came up with an […]
Euro posts the biggest weekly gain the market, Dollar finishes out worst weekly feat: Last week, Euro hatched the biggest weekly gain after the period of two years while Dollar ended off the worst weekly feat since March 2009. Last week, EUR/USD skipped down from 1.3389 to 1.3880 and then approached to 1.3895, which was […]
A revision of the monetary policy by the State Bank of Pakistan on Saturday, October 8 attracted investors towards the stock market, but the KSE-100 index, used as a benchmark index, did not show any significant increase. SBP, citing low inflation numbers, adopted an aggressive expansionary policy, slashing the discount rate by 1.5% (150 bps) […]
Business Process Outsourcing or BPO is an industry that has been witnessing a sustained double digit growth for past two decades or so. It is a segment of the information technology which is at the heart of the Enabled Services industry. Amid being a multidimensional sector which covers a wide spectrum of services comprised of […]
Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]
An analysis of the Interest rate cut on the Economy of Pakistan The State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% (150 bps) in a bid to kick-start economic activity in the country. However, how far this move will help in facilitating the aim is […]
As a reaction to a 150 basis point slash in the discount rate by the State Bank of Pakistan, the Karachi Stock Exchange 100-index gained 300 points in the first trading session after the announcement on Monday, October 10 to close at 12,154. KSE-100 index is used as a benchmark index because of it includes […]
In an unexpected move, the State Bank of Pakistan reduced its discount rate by 150 basis points, bringing it down to 12% from 13.5%. Although a rate cut was expected, no one would have expected it to be so intense. Analysts and market observers had emphasised that the SBP will not go beyond the traditional […]
