Brokers monitoring the share price movement at the Karachi Stock Exchange. Reuters
Senator of Pakistan Tehreek-e-Insaaf (PTI) Faisal Javed Khan has presented improvement in the economy following the steps taken by the government during eleven months.
The Pakistani rupee hit a new all-time low of Rs149.35 to the US dollar in the inter-bank market on Friday. This is the second successive day when rupee continued to lose ground against the greenback under the fresh round of depreciation. On Thursday, the local currency lost 3.62% to close at Rs146.52 to the US dollar in inter-bank.
Sensex and Nifty gained for the second straight day on Friday amid reports that the government could roll-back or tweak the controversial tax on the Foreign Porfolio Investors (FPIs).
There should be an end to corruption in Pakistan. It’s very strange that the rulers are rich and the people of country are poor. Every corrupt politician has to be accountable for his or her wrongdoing (“Sharif’s son offered me Rs500m bribe to resign, claims Pak judge,” Gulf Today July 13). It has been seven decades
Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week.
Goldman Sachs India Securities said India has already attracted $13 billion net foriegn funds so far this year and expects the trend to continue. “India has already attracted net capital inflows of about $13 billion so far this year which contrasts
India’s merchandise exports rose 2.25 per cent in July on a year-on-year basis to $26.33 billion from $25.75 billion reported for the corresponding month of the previous year.
Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 97 per cent regarding the disclosure of the 2nd quarter financial statements 2019 of its listed public joint stock companies,