Javed Mahmood

  • TKARACHI - Out of 112 commodities in the Consumer Price Index (CPI) food group, the prices of 74 items increased from 10 to 93 per cent, 17 items recorded 0-10 per cent increase while 18 commodities showed decline in the value in July 2009. The prices of most of the food items had started surging ...

    Read More
  • TKARACHI - The commercial and Islamic banks operating in Pakistan have reported an increase of Rs73 billion in their deposits in first quarter of 2009 as economic activity was growing gradually. The Islamic banks have reported an unimpressive increase of Rs 4 billion in their deposits while ...

    Read More
  • TKARACHI - The Indian government suffered a loss of $410 million in its exports to Pakistan in 2008-09 because of the political tension that was magnified by Indians after the Mumbai tragedy. Details obtained by The Nation reveal that during 2008-09 Pakistans imports from India dropped to $1.03 ...

    Read More
  • TKARACHI - The first-ever Textile Policy announced on Wednesday has contradicted the projections of exports reflected in the new Trade Policy that was introduced last month, The Nation learnt. The three-year Trade Policy envisages about $5.62 billion worth increase in total exports in three years, ...

    Read More
  • TKARACHI - The International Monetary Fund (IMF) is planning to inject $250 billion into the global economy to bolster countries reserves as part of measures to combat the world economic crisis. The Funds Executive Board backed this proposal to provide liquidity to the global economic system by ...

    Read More
  • TKARACHI - WAPDA has sought $5 billion loan from the Asian Development Bank (ADB) for the construction of Diamer-Bhasha Dam. Chief Executive Officer, Bhasha Dam Project, Dr Izhar told TheNation that the ADB officials were willing to provide $2.50 billion for the project to WAPDA which has, however, ...

    Read More
  • TKARACHI - The World Bank has approved US$50 million IDA credit to Pakistan to improve water resource management and enhance agricultural productivity in Sindh province. The credit from the International Development Association (IDA), the World Banks concessionary lending arm, carries a 0.75 percent ...

    Read More
  • TKARACHI - The international prices of most of the important commodities were again shooting up steadily. In December 2008 the palm oil international price was $440 per ton that has gone up to $693 by April 2009, showing an increase of $253 in just four months. The international prices of palm oil, ...

    Read More
  • TKARACHI - Textile sector net profits posted a vigorous 23pc growth in the first half of FY09 over the same period last fiscal year. Demand for textiles is apparently regaining ground as textile composite and weaving sector registered 26pc increase in net sales while spinning sector sales were up by ...

    Read More
  • TKARACHI - The Institute of Institute of Cost and Management Accountants of Pakistan (ICMAP) has proposed a complete ban on the import of luxury cars in the coming budget. In its budgetary proposal for 2009-10, the ICMAP suggested that luxury cars having 1600CC or above capacity should be banned ...

    Read More
  • TKARACHI - Secretary Sindh Environment Department on Thursday candidly admitted that the government has failed to enforce law in order to protect natural environment from the growing threats of pollution. Some local industries and other sectors are polluting environment of the City but whenever the ...

    Read More
  • TKARACHI - A three-day beach cleaning campaign was launched by the DHA on Tuesday. Administrator DHA, Karachi, Brig. Khalid Masood Tirmizi inaugurated the campaign. Hundreds of children belonging to DHA schools, especially DA Model Sea View participated in the beach cleaning drive with great zest ...

    Read More
  • TKARACHI - Pakistani textile manufacturers are least interested in setting up industrial units in the proposed Reconstruction Opportunities Zones in NWFP because of unattractive incentives being offered by the United States and critical law and order situation in terror-hit NWFP, an industrialist ...

    Read More
  • TKARACHI - The food departments of the provinces and Passco are set to borrow a huge amount of about Rs60 billion from the banks to buy wheat, The Nation learnt on Friday. To meet the target of purchasing 6.20 million tons of wheat this year, the Food Departments of Punjab, Passco, Sindh Food ...

    Read More
  • TKARACHI - The member companies of the Overseas Investors and Chamber of Commerce and Industry (OICCI) have spent a huge amount of Rs2.20 billion on social sectors development in Pakistan under the Corporate Social Responsibility programme. A report prepared by the OICCI to gauge the involvement of ...

    Read More
  • TKARACHI - Equities at Karachi Stock Exchange witnessed a buying trend on Friday amid Japans decision to provide one billion dollars to Pakistan and donors pledge to extend financial support to the country at a meeting in Tokyo. At morning the KSE-100 index was moving both ways amid buying and ...

    Read More
  • TKARACHI - Karachi Stock Exchange witnessed another day of profit-taking that wiped out 137 points from the KSE-100 index on Wednesday. At morning, the KSE-100 index gained up to 200 points amid buying euphoria. However, the key market players could not digest the growth in the stock market and ...

    Read More
  • TKARACHI - The improvement in liquidity has reflected in the sharp decline in KIBOR rates - the benchmark 6M KIBOR fell from 15.67pc in January 2009 to 12.44pc on 16 March. However, liquidity conditions in the market tightened again at the end of March with the government retiring PKR 100 billion ...

    Read More
  • TKARACHI - Karachi Stock Exchange remained under selling pressure throughout the day on Wednesday as the KSE-100 index lost 25.77 points to close at 7,807 points. The volume of trading at KSE also dropped by 30 per cent and ended at 282 million shares involving an amount of 13.70 billion rupees. On ...

    Read More
  • TKARACHI - Karachi Stock Exchange-100 index breached the 8,000 points barrier on Tuesday but the index skipped below this benchmark due to selling pressure triggered by the profit-taking. The KSE-100 index kicked off trading amid a tough bout between the bulls and the bears. The stock market ...

    Read More
  • TKARACHI - Karachi Stock Exchange again witnessed buying spree on Monday amid different positive reports on the political and economic fronts. The KSE-100 index gained another 254 points and it edged up to 7,872.49 points on Monday. The KSE recorded a turnover of 399.67 million shares that involved ...

    Read More
  • TKARACHI - The growth in trade related loans has declined sharply to 0.9 per cent in first seven months of FY09 compared to robust growth of 21.0pc in the same period last fiscal. This was despite the strong contribution of Export Finance Scheme loans in total trade loans. Although the loans under ...

    Read More
  • TKARACHI - The foreign exchange reserves of Pakistan are set to hit the level of $12 billion by June 2009. The release of $500m loan from the World Bank and $844 million from the International Monetary Fund would stabilise the foreign exchange reserves of the country. By June 2009 the reserves are ...

    Read More
  • TKARACHI/ISLAMABAD - The World Bank has approved $500 million interest free IDA credit to support the Government of Pakistan's programme to regain and maintain economic stability and to bring the economy back to a higher growth path. Pakistan has experienced severe external and internal shocks in ...

    Read More
  • TKARACHI - Anticipating a substantial decline in discount rate this year, the domestic banks have reduced sharply the rate of return on the fixed deposits. A few months ago the banks offered up to 14 per cent rate of return on fixed deposits but from March the banks have started offering a single ...

    Read More
  • TThe strategy being pursued actively by PPP leaders, especially President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani, to revive mutual trust and confidence and develop strong political relationship with the PML-N, is being seen a good omen for the country, economy and the government as ...

    Read More
  • TKARACHI - The market capitalisation of KSE-100 index has edged up by Rs 106 billion in just two days mainly because of the reinstatement of sacked CJP, other judges and much-awaited patch-up between the PPP govt and the PML(N) that has revived the confidence of the investors. Before the ...

    Read More
  • TKARACHI - The NIB bank has sustained Rs 9.20 billion losses in the calendar year 2008 to rinse the balance sheet of the bank and to move the bank towards growth in 2009. For the year 2008 NIB Bank had declared a loss after tax of Rs 7475 million, principally as a result of a very conservative ...

    Read More
  • TKARACHI - The Karachi Stock Exchange set aside the crisis prevailing in the country and gained 218.94 points on Wednesday. The KSE-100 index closed at 5815.43 points as the institutions and major investors took fresh positions while anticipating quick return from the stock markets as the equities ...

    Read More
  • TKARACHI - Terrorists' attack on Sri Lankan cricket team in Lahore on Tuesday morning created panic at the stock market as the KSE-100 index lost another 84.80 points when the investors off-loaded their stakes in haste. On Tuesday, the KSE-100 index started trading with a decline of 117 points. ...

    Read More