Tag Archives: Exchange

Online investment to boost foreign exchange

Online investment to boost foreign exchange

LAHORE – The facility of online investment for overseas Pakistanis in the National Savings will boost the inflow of foreign exchange to the country. National Savings Director General Zafar M.Sheikh said that a website is being launched to facilitate overseas Pakistanis for online investment in National Savings from all corners of the world.
This initiative, he said would certainly attract overseas Pakistani workers to directly invest their savings in Pakistan, as a result the

SECP penalises illegal commodity exchange by Rs 10 million

islamabad – The Securities and Exchange Commission of Pakistan (SECP) has taken notice of unregistered futures trading at the country’s commodity exchange to protect the interest of small investors. In this concern, the apex regulator said, the SECP had issued an order against Ravi Oil Cake Traders, a partnership firm, for operating an illegal commodity exchange. It said the firm had violated Section 3 (1) of the Securities and Exchange Ordinance 1969 by providing unauthorized trading

SEEDS OF UNDERSTANDING – Children’s exchange programme launched

LAHORE – The Citizens Archive of Pakistan (CAP), in collaboration with Routes2Roots, an Indian organization working for peace and dialogue between Pakistan and India, introduced “Exchange for Change,” an interactive exchange between 2400 school children from both the countries.
Recently, CAP hosted a press conference at the City School Ravi Campus, which was attended by personnel from the media industry, education sector and politics. Hosted by CAP board member Swaleha Alam, the

Pakistan, India exchange lists of N-installations

ISLAMABAD – Pakistan and India on Saturday exchanged lists of their nuclear installations and facilities in accordance with a bilateral agreement that prohibits attacks on each other atomic assets.
The South Asian nuclear rivals exchanged the lists despite lingering tensions in the wake of Mumbai attacks that occurred back in November 2008 and brought the Indo-Pak peace dialogue to halt.
“The governments of Pakistan and India exchanged lists of their respective nuclear

Karachi Stock Exchange loses steam

KARACHI: Upward journey of the Karachi Stock Exchange hit a halt as few fund managers preferred to offload their stocks in the market, while a large number of investors remained absent which dented the overall volumes.
Index moved marginally upwards by 23 points to 11,848, making the resistance at 11,800 levels quite visible, and keeping the investors waiting for 12k level. The KSE 100 index closed at 11848.62, with a gain of 23.56 points, while KSE 30 index accumulated 7.75

Karachi Stock Exchange sustains bullish trend

KARACHI: The bullish trend continued at the bourse this week – shortened to three working days owing to religious (Ashura) holidays – as increased activity was seen in oil and gas, and banking sectors. Although, there was some tension on the political front with Jamiat Ullema-e-Islam’s breaking away from the coalition government, oil stocks rallied on the news of British Petroleum assets’ sale price.
Further, Abu Dhabi Group’s (ABG) consideration of offloading its strategic

Karachi Stock Exchange stagnant as tension on GST bill mounts

KARACHI: Pakistani stocks ended almost flat on Tuesday in dull trade as investors were cautious, awaiting clarification on the implementation of a reformed general sales tax under an IMF loan programme, dealers said. The Karachi Stock Exchange’s benchmark 100-share index ended 0.08 percent, or 9.06 points, lower at 11,431.01. Turnover fell to 118.3 million shares, compared to 170.5 million shares traded on Monday.
“Investors are cautious as they are waiting to see the outcome of