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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) participated in the 2017 Women Entrepreneurship Conference (WECON) to spread awareness among women entrepreneurs through its investor awareness programme `Jamapunji’. The event, held at the Higher Education Commission auditorium, was attended by entrepreneurship ecosystem builders, incubators, accelerators, government bodies as well as fresh start-ups. The day-long event […]

A US team of forensic investigators, who came to probe the March 2005 stock market crash, were baffled by the ‘badla’ system of share financing and took more than two months to understand it. Badla, also termed Carry-over Transaction (COT), was a unique system of stock markets found only in the sub-continent. It played a […]

KARACHI  –   Pakistan Stock Exchange (PSX) started the week on a positive note, with the benchmark shares index rallying 288.30 points or (0.6%) by the close of the trading session to reach 48,697 points. Market opened on a positive note and followed its previous trend as the index traded at intraday high of 348 points […]

QUETTA –  State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra on Monday criticised the stakeholders for their poor performance in Balochistan and said that statistics of financial institutions in the province were not encouraging. This parameter of enactment cannot be kept unremitting, the SBP governor said while talking to presidents and chief executive officers […]

More than ever before, with the CPEC projects taking off, Pakistani bankers need to break out of the spell of easy money, forego the thrill of speculation and re-focus on the lending business. Will they heed this advice? Experts think that even if the regulator falters, the evolving conditions would force them to change their […]

The Pakistan Stock Exchange started the week on a positive note, with the benchmark KSE-100 index gaining 288 points, or 0.60pc, by the close of the trading session to reach 48,697 points. Volumes were considerably lower than usual, with commercial banking, engineering, and power generation and distribution stocks attracting investor interest. A total of 55.82 […]

KARACHI : Provincial Excise and Taxation department has initiated a road checking campaign to nab tax defaulting vehicles. Following the directives of Minister for Excise and Taxation Mukesh Kumar Chawla, a campaign has launched from today till March 31 to nab the tax defaulting vehicles across the province. For the purpose eleven teams consisting of officers […]

KARACHI: Current account deficit widened by more than 120 per cent to $5.4 billion in July-Feb, the State Bank of Pakistan (SBP) reported on Monday. Rising current account deficit puts the exchange rate under pressure and affects the country’s external sector. It shows the country is a net borrower from the rest of the world […]

In the local currency market, the rupee continued to show a firm trend against the dollar due to insignificant dollar demand in the absence of major currency players. The central bank meanwhile continued to provide dollars to commercial banks for meeting importer demand. Despite a slowdown in remittances and wider trade and current account deficits, […]

KARACHI: Investors watched with disbelief as red was splashed all over the electronic board at the Pakistan Stock Exchange till past mid-day when the KSE-100 index went into the free fall hitting 47,774 — the lowest point this year — showing a massive intraday decline of 531 points (1.1 per cent). Most market watchers agreed […]